Jim Cramer, host of Mad Money, shared his thoughts on Thursday about how a few technology companies are navigating the current market environment in relation to tariff concerns.
“In any given market, you need to understand the themes, what’s really going on, not in the averages but underneath… Let’s take a moment to figure out where the money’s going and where it’s coming from. Let’s do the winners first, as they’re stark and glaring.”
READ ALSO: 7 Stocks Highlighted by Jim Cramer in the Lightning Round and Jim Cramer Recently Shed Light on These 13 Stocks.
Cramer pointed out that a lot of the tech companies now appear to be “immunized against tariffs.” He noted that Apple’s recent agreement with the White House sent reverberations across the sector. Cramer said that the “pin action” rippled through much of the technology space. However, he clarified that while much of tech benefited, not every corner of the sector shared in the momentum.
One clear exception, Cramer noted, was the cybersecurity space, which took a hit following a disappointing earnings report from Fortinet. He explained that it led to a broader decline across the cybersecurity category, which he attributed to the way these companies are bundled together in ETFs. Cramer likened it to selling off hardware companies simply because software stocks are under pressure. He added:
“… The market’s practicing collective punishment. I say that’s like selling hardware stocks because software’s down. Oh, and by the way, software, whoa, the enterprise kind, that is just getting crushed. Think about this, if it involves coding, it’s horrendous because AI, we don’t need a lot of coding.”
Our Methodology
For this article, we compiled a list of 15 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on August 7. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the first quarter of 2025, which was taken from Insider Monkey’s database of 1,000 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
15 Stocks Jim Cramer Commented On
15. Ralph Lauren Corporation (NYSE:RL)
Number of Hedge Fund Holders: 45
Ralph Lauren Corporation (NYSE:RL) is one of the stocks Jim Cramer commented on. Cramer discussed the company’s earnings and conference call during the episode, as he stated:
“Today, something happened on the Ralph Lauren conference call that was a harsh reminder not to expect that this market cares at all about what’s already happened. It only cares about what’s going to happen next… I gotta tell you, I loved it. Patrice Louvet is an amazing CEO, and Ralph Lauren’s been a terrific performer, a real standout in apparel. The actual quarterly results were phenomenal… Louvet was effusive about the business… which is what made me say this one could be a real winner today on Squawk on the Street.
… That’s everything I wanted to hear. Music to my ears… So I go out hard in favor of the stock on Squawk on the Street before the market opens, okay, emphasizing how Ralph Lauren’s never outta style brand can transcend all the negatives that we keep hearing about every day.
There’s only one problem: they can’t yet. They can’t actually transcend the coming negatives…
I believe that all the good things that Louvet talked about at the top of the call about the brand, the iconic company, the classic styles, well, I think they’re going to win out. I think Ralph Lauren, the company, can navigate its way through this manmade thicket. Still, though, today’s action is a textbook reminder and example of what can go wrong as we go into the fall when the tariffs hit.
I can’t blame anyone, particularly the management of Ralph Lauren, for being cautious. So I buy the weakness in Ralph Lauren, but you have to recognize that this market is rushing headlong toward the stocks of companies with no tariff exposure and away from companies like Ralph Lauren.”
Ralph Lauren Corporation (NYSE:RL) designs, markets, and sells clothing, accessories, home goods, and fragrances.
14. UL Solutions Inc. (NYSE:ULS)
Number of Hedge Fund Holders: 23
UL Solutions Inc. (NYSE:ULS) is one of the stocks Jim Cramer commented on. A caller inquired if the stock’s pullback presents a good buying opportunity or if they should take some profits. Cramer said:
“Okay, so here’s the problem with UL: that quarter was not really, when you have 40 times earnings, you can’t have a quarter that’s weaker. So we’re going to have to investigate further. I am not going to tell you to pull the trigger on that one right now.”
UL Solutions Inc. (NYSE:ULS) provides testing, inspection, certification, software, and advisory services. The company helps clients ensure safety, compliance, quality, and sustainability across several industries. In an August 2024 episode, Cramer discussed stocks with potential for growth, and UL Solutions Inc. (NYSE:ULS) was one of them. He remarked:
“Number six is UL Solutions, which helps test consumer electronics and other products. Now, this is basically a for-profit spin from a nonprofit entity, UL Standards and Engagement. Remember Underwriters Laboratories? They still control the business through a separate class of stock, but it’s a nice little business, and I’ve been impressed by CEO Jennifer Scanlon. She told a very compelling story when she came on the show. At this point, UL Solutions is the best performer in the top 10, up 96% from where it came public, up 60% from its first trade. We featured it twice. I bet it’s not done.”
Since Cramer made these comments, the company’s stock is up by 20.3%.
13. KeyCorp (NYSE:KEY)
Number of Hedge Fund Holders: 46
KeyCorp (NYSE:KEY) is one of the stocks Jim Cramer commented on. During the lightning round, a caller asked for Cramer’s take on the company. He replied, “I look at 4.7% yield with Chris Gorman being the CEO, I just say [buy, buy, buy].”
KeyCorp (NYSE:KEY) provides retail and commercial banking, lending, investment, and wealth management services, in addition to capital markets, equipment financing, and advisory solutions. In a July episode, when a caller inquired whether the company would be acquired soon, Cramer responded:
“You know what? That’s an interesting question, but we had Chris Gorman on, and Chris was also on another show recently. I don’t think they’re in any, I think they’re in expansion mode. I don’t think they’re in sell mode, and, but I don’t mind owning the stock at all, especially with that 4.5% yield.”
12. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders: 158
Broadcom Inc. (NASDAQ:AVGO) is one of the stocks Jim Cramer commented on. A caller asked what Cramer thought of the company and its CEO. In response, he said:
“Broadcom didn’t want to, you know, quietly, it’s been one of my best, but you know what? I’d like to thank Hock E. Tan, he, the CEO, had more to do with Broadcom doing well than me, and even my own hubris has to be checked.”
Broadcom Inc. (NASDAQ:AVGO) develops and supplies semiconductor and infrastructure software solutions used in networking, broadband, wireless, data storage, industrial, and AI applications. The company’s products include chips, connectivity solutions, sensors, and system components for electronic devices and systems. When a caller inquired about the stock in a May episode, Cramer replied:
“Broadcom is good, my friend. It’s one of my biggest positions for my Charitable Trust. This stock has been a horse, and I gotta tell you, as far as I’m concerned [buy, buy, buy] even up here, because it’s in the data center and it’s taking names and taking share.”
Since the above comment, Broadcom Inc. (NASDAQ:AVGO) is up by almost 33%.
11. SentinelOne, Inc. (NYSE:S)
Number of Hedge Fund Holders: 44
SentinelOne, Inc. (NYSE:S) is one of the stocks Jim Cramer commented on. A caller asked if the company is “just hype” and inquired after Cramer’s thoughts on the stock, and he made a brief comment, saying, “Just hype.”
SentinelOne, Inc. (NYSE:S) provides AI-driven cybersecurity solutions that autonomously prevent, detect, and respond to threats across endpoints, cloud workloads, and identity credentials. The company’s solutions include threat management, vulnerability protection, and generative AI-powered security tools. On August 5, the company announced that it entered an agreement to acquire Prompt Security, a company specializing in protecting AI systems in real time by preventing data leaks, blocking malicious prompts, and securing intelligent agents. SentinelOne, Inc. (NYSE:S) plans to purchase Prompt through a mix of cash and shares, with the deal expected to finalize in its third fiscal quarter of 2026. CEO and co-founder of Prompt Security, Itamar Golan, said:
“As enterprise adoption of GenAI and agentic AI accelerates, the security and privacy risks are rapidly shifting from theoretical to operational… SentinelOne shares our passion for empowering teams and organizations to embrace AI as a distinct advantage, while delivering real-time, automated protection built for the AI-native world. By bringing together our pioneering technology with SentinelOne’s incredible platform, team, channel and customer base, we can make AI security a reality for virtually every organization in the world.”
10. Lamb Weston Holdings, Inc. (NYSE:LW)
Number of Hedge Fund Holders: 51
Lamb Weston Holdings, Inc. (NYSE:LW) is one of the stocks Jim Cramer commented on. During the lightning round, a caller inquired about the company, and Cramer commented:
“Lamb Weston, man… I gotta tell you, I think it’s interesting because there’s a lot of people circling it, but I hate to buy a stock just because I’m hoping for a takeover. So I’m going to steer you away from that stock and from that group, which is really a nightmare.”
Lamb Weston Holdings, Inc. (NYSE:LW) produces and markets frozen potato products, appetizers, and commercial ingredients under its own, licensed, and private-label brands. In a December 2024 episode of Squawk on the Street, Cramer discussed the stock and said:
“When asked how you can go wrong making fries, “What do they think the financial results are? What are the financial results of this man coming in. . . .of this change, the COO coming in [AS CEO]? . . . Disastrous!” “Look, this company was doing better than its spin-off would have been, the company was spun off from Conagra. Uh, and I always felt, but hold on, wait a second, maybe Conagra should have kept french fries but in the end this is a company that is now worth $9 billion versus $12 billion when Conagra completely reversed. There was some way to make this company better. And you don’t pick the guy whose part of the regime.” “You know what you do? You go to Jana and say hey you know what? Get us a guy. You know who would do better than this guy? Maybe Mr. Potato Head. Mr. Potato Head has game.”
Since the above comment was made, the stock has declined by over 16.6%.
9. The Boeing Company (NYSE:BA)
Number of Hedge Fund Holders: 96
The Boeing Company (NYSE:BA) is one of the stocks Jim Cramer commented on. A caller asked for Cramer’s thoughts on the company during the lightning round, and he remarked, “Here’s my thoughts on Boeing, [buy, buy, buy, buy, buy, buy]. Fair enough?”
The Boeing Company (NYSE:BA) designs, manufactures, and services commercial airplanes, military aircraft, satellites, missile defense systems, and space exploration equipment. The company also provides maintenance, training, logistics, and digital solutions for commercial and defense customers. In a July episode, Cramer said that the company stock is “going much higher.” He commented:
“Let me give you another one many missed. Boeing just announced some huge second-quarter deliveries, and deliveries are the chief determinant of its stock price. The company delivered 150 planes, up from 92 a year ago. Fantastic. They booked 427 orders, up from 241 in just the previous quarter. If you paid attention, I bet that most didn’t, you could have caught a 14-point move that was there for the taking. But who was thinking about Boeing? I think the stock’s going much higher by the way.”
8. e.l.f. Beauty, Inc. (NYSE:ELF)
Number of Hedge Fund Holders: 29
e.l.f. Beauty, Inc. (NYSE:ELF) is one of the stocks Jim Cramer commented on. Cramer discussed the stock decline despite reporting good numbers, as he said:
“What the heck just happened to e.l.f. Beauty? I mean, the last time we got results from this low-cost cosmetics and skincare brand and the stock got eviscerated today, down nearly 10%. You know, we’ve long championed this one. It’s been a great growth stock over the last few years, largely because it offers its customers quality merchandise at incredibly affordable prices. Unfortunately, it can charge low prices because it makes most of its goods in China, which means most of e.l.f.’s products are about to become more expensive. So last night, even though e.l.f. delivered a nice top and bottom line beat, management declined to issue a full year forecast because they really have no idea how the tariff situation’s… going to play out. However, the limited guidance they gave did suggest that their margins are going to take a real hit… Maybe that’s why things got, well, just awry.”
e.l.f. Beauty, Inc. (NYSE:ELF) sells cosmetics and skincare products under brands such as e.l.f. Cosmetics, e.l.f. Skin, Well People, Naturium, and Keys Soulcare.
7. Pinterest, Inc. (NYSE:PINS)
Number of Hedge Fund Holders: 86
Pinterest, Inc. (NYSE:PINS) is one of the stocks Jim Cramer commented on. Cramer touched on the company’s earnings and market reaction, followed by the report. He commented:
“What do we make these numbers from Pinterest, the social media platform/virtual pinboard site? Here’s a stock doing pretty well, but when the company reported after the close, stock got slammed in after-hours trading. Even though Pinterest delivered a solid set of numbers, healthy revenue forecast for the current quarter, their earnings per share came in a tad light. At the same time, their user growth and revenue results were softer than expected in the US and Canada. Most of the outperformance came from Europe. Look, I thought there was much more good than bad here… The expectations were too high.”
Pinterest, Inc. (NYSE:PINS) runs an online platform where people can find, save, and shop for ideas such as recipes, home décor, and style inspiration. Additionally, the company provides advertising tools that help increase businesses’ reach.
6. UnitedHealth Group Incorporated (NYSE:UNH)
Number of Hedge Fund Holders: 139
UnitedHealth Group Incorporated (NYSE:UNH) is one of the stocks Jim Cramer commented on. When a caller inquired about the company, Cramer said:
“I have long known, this is something I learned probably in my second decade of trading or investing: You do not buy or sell something where you have no idea what is really happening. And at UnitedHealth, there isn’t anyone other than the CEO and probably 52,000 lawyers who has any idea what’s going on.”
UnitedHealth Group Incorporated (NYSE:UNH) provides health benefits, pharmacy care, data analytics, and care delivery services, serving individuals, employers, and public-sector programs. In a July episode, Cramer called the stock “very, very tricky,” as he remarked:
“UnitedHealth is very, very tricky, and it might be a long-term turn, but I will tell you this, Steve Hemsley is the only person I know who could possibly turn this thing around. Hemsley’s back as CEO, he was amazing. I think you have to have fortitude to be in it. I don’t like the situation because there’s so many winners, as you say, but at least I want people to know that I think Hemsley’s is the real deal.”
5. Johnson & Johnson (NYSE:JNJ)
Number of Hedge Fund Holders: 91
Johnson & Johnson (NYSE:JNJ) is one of the stocks Jim Cramer commented on. Cramer mentioned that the company’s business is the “only hot area of healthcare” at the moment. He said:
“Only Johnson & Johnson seems to be above that fray. But I think that’s in, in part because it’s a medical device maker. That’s the only hot area of healthcare right now.”
Johnson & Johnson (NYSE:JNJ) researches, develops, and sells pharmaceuticals, medical devices, and surgical products across areas, including immunology, oncology, neuroscience, cardiovascular care, and vision. Cramer mentioned the stock in the July 22 episode and commented:
“Sometimes you get these days where it feels like the market has returned to some semblance of what you’re used to when things get shaky. I mean, these are the days when J&J will reign supreme… My guess is that there’ll be maybe two or even maybe three days where interest rates are lower. This was day one, and you have to wait as the food and drug analysts come out from under the table and start bragging loudly about their flock and about how it’s time to buy. That’s what those guys always do… Which analysts are going to resist going out positive on J&J, which has moved up every day seemingly since the last quarter, maybe since they announced that quarter. Maybe the food analysts can talk up mergers… They’re reasonable presumptions, and they’ll preclude a serious tech rally or a speculative surge. Hear what I said, preclude. It’s still too early to buy the momentum stocks.”
4. Eli Lilly and Company (NYSE:LLY)
Number of Hedge Fund Holders: 119
Eli Lilly and Company (NYSE:LLY) is one of the stocks Jim Cramer commented on. Cramer highlighted the reasons behind the stock’s decline recently. He remarked:
“Last and least, I look at the drug stocks and I can’t believe how awful they really are, with now Eli Lilly last joining the ugly fray with its less than impactful, less thought weight loss, the pill. The Street was hoping that Lilly would be able to replace its onerous GLP-1 injection with a simple pill that would produce an equal amount of weight loss. No such luck. The stock, it just got pole-axed, laid to waste.”
Eli Lilly and Company (NYSE:LLY) develops and markets pharmaceuticals for diabetes, obesity, cancer, autoimmune conditions, neurological disorders, and other diseases. The company’s portfolio includes treatments across multiple therapeutic areas. In a July episode, Cramer mentioned the company and said:
“What I’m thinking, as someone who owns Eli Lilly for the Charitable Trust and who wishes I owned PepsiCo, is that there might be a short-term peak in the use of these drugs (GLP-1s). The Achilles heel of these drugs is that they’re too effective. At some point, you lose enough weight, and you might think you can stop taking them… Whatever the case, if Eli Lilly is going to break out from this level, it needs breakthroughs in new areas, heart, brain, that it just doesn’t have right now, or there has to be some new data that shows something else positive that the GLP-1 drugs can do.
And of course, it’s got to start coming in pill form because people are tired of taking needles. I still like the stock of Eli Lilly. We have a huge gain in this one for the Charitable Trust. We’re going to hang on to it for now. But PepsiCo’s breakout, a lack of Lilly’s breakthroughs, and a reminder that at one point we were thinking of buying the airlines because of these GLP-1 drugs means that I no longer feel as certain about Lilly’s future without science that says these drugs do a lot more than just control diabetes and make you lose some weight.”
3. AECOM (NYSE:ACM)
Number of Hedge Fund Holders: 34
AECOM (NYSE:ACM) is one of the stocks Jim Cramer commented on. Cramer commented that he wished that the company stock “had just cooled off for a second,” as he said:
“But the downgrade also temporarily stopped the legendary rally in the big three of engineering construction, write these down: AECOM, Jacobs Solutions, and Quanta Services. Now, I’ve been waiting for an opportunity. I wish these stocks had just cooled off for a second so I can tell investing club members to buy them.
There will be too much business from the more than $1 trillion pledged by foreign governments and the nation state of Apple to rebuild American manufacturing. These three are going to get the lion’s share of the contracts, and I kept thinking their stocks were unlikely to make any sort of break. Now, you’re finally maybe getting a chance to buy them on weakness.”
AECOM (NYSE:ACM) provides infrastructure consulting services, including advisory, design, engineering, construction management, and development for public and private clients. Moreover, the company invests in and develops real estate projects, serving sectors such as transportation, water, facilities, environmental, and energy.
2. Caterpillar Inc. (NYSE:CAT)
Number of Hedge Fund Holders: 62
Caterpillar Inc. (NYSE:CAT) is one of the stocks Jim Cramer commented on. Cramer mentioned the company during the episode and said:
“I like to look for stories that have been red hot, been, okay, that have suddenly cooled purely because of guilt by association. This morning, Morgan Stanley put the wood to Caterpillar, downgrading the stock from Hold to Sell because of worries about tariffs. Look, there are issues with CAT, but we already know them. The company reported last week, we know everything about it. Got the conference call. I don’t want to buy CAT even though it’ll get its fair share of reshoring orders.”
Caterpillar Inc. (NYSE:CAT) manufactures construction and mining machinery, engines, turbines, locomotives, and related components. The company also provides parts, maintenance, and digital solutions. When a caller inquired about the stock in April, asking if weak conditions in construction could affect the company’s performance, Cramer replied:
“You’re right, it’s not… and boy, Jim Umpleby retiring. Oh man, is he good. He’s the guy who really turned the company into a, into what I call a secular grower. That said, it’s not expensive, but you’re right, it may not be the time to own Caterpillar. It is a better, there may be a better season coming.”
1. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 159
Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer commented on. During the episode, Cramer said that it is a company with the “best products on Earth,” as he commented:
“I kept hearing that Cook and the president didn’t get along because he wouldn’t commit to making the iPhone in the United States. The drum beat grew so loud that I even asked Tim in my private chat… is it possible for you to work with the president?… He came back and he said that he has good relations with the president…. Tim Cook, if he says the relationship is good, then it’s good, and that gave me the guts to tell you to stick with it. Now, with the stock at $220, nicely above where it was when the company reported, I need you to think about what has happened in the last 24 hours…
Could Apple go from being the most expensive to being the cheapest, the best one for the phone companies to offer, so they can get new accounts? Isn’t that what the stock’s monstrous move from 203 to 220 in just two days is telling us?…
Apple, don’t fool around with it. Don’t trade it. I say it because this is a company that always seems to get it right in the end… Of course, there’s a reason with Apple. It’s a confident company with the best products on Earth, that’s run by one of the greatest value creators on Earth, rivaled only by Jensen Huang at NVIDIA.”
Apple Inc. (NASDAQ:AAPL) designs and markets smartphones, computers, tablets, wearables, and accessories. In addition, the company provides cloud services, technical support, and subscription offerings in entertainment, fitness, news, and payments.
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