In this piece, we will look at the stocks Jim Cramer recently discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed the latest jobs report, which revealed a 78,000 drop in manufacturing jobs year-to-date. The CNBC TV host wondered why hiring was not increasing despite the billions of dollars that big tech had committed to spend in the US as part of its promises to President Trump.
According to Cramer:
“It’s astounding. And not being critical of the President, but, we’re not seeming to relate all these endless amounts of money that the tech’s committed to anything that we’re used to. We’re not seeing what I would have thought would be a gigantic resource explosion. Anything by the way we also see, we have some OPEC issues, but we’re not seeing any pick up in oil and gas. I mean nothing is picking up. And you start thinking, okay, wait a second, is there something out there that people are afraid to hire about? I mean I’ve been with a lot of CEOs in the last two weeks. And they’re all afraid that the other guy’s not hiring because of AI so maybe they shouldn’t be hiring. It’s just a great conundrum because we should just be like, I don’t know, you would expected it to see a hundred thousand manufacturing jobs created in the last three months. A hundred thousand, easy.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on September 5th.
For these stocks, we also mentioned the number of hedge fund investors. 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. The Gap, Inc. (NYSE:GAP)
Number of Hedge Fund Holders In Q2 2025: 44
The Gap, Inc. (NYSE:GAP)’s shares created quite a conundrum last week when they were briefly halted for trading. However, the stock ended up closing the day 5.9% higher. The reason The Gap, Inc. (NYSE:GAP)’s shares soared was its CEO’s surprising decision to enter the cosmetics industry. The firm is currently in the midst of a turnaround effort, and despite the fact that the shares have gained a modest 2.2% year-to-date, Cramer continues to remain a believer in the stock. His previous remarks about The Gap, Inc. (NYSE:GAP) have expressed optimism about the long-term viability of the firm’s ongoing turnaround efforts. The stock, however, is yet to recover from its 20% dip in May that occurred after the firm’s warning about the potential impact of tariffs on its profits: Cramer’s recent remarks about The Gap, Inc. (NYSE:GAP) were brief but maintained the optimism:
“Yeah, Dickson’s doing a good job, I still think that Gap is a great situation.”
Here are Cramer’s previous thoughts about The Gap, Inc. (NYSE:GAP):
“I’m a big believer that this is a longer-term turn, and that Dickson is doing the right thing. Stock did fall from 28 to 21. There was very big dispirited action after the company reported because there was a belief that he really missed. And you know he missed the, there’s a, it’s a lot of moving parts to GAP. Lot of moving parts. Don’t know what’s going on.
“. . uh, you know here’s what he’s [Dickson] saying to me, I’m literally walking, he’s walking [inaudible] the station to Goldman, going to have his team get in touch, but it’s a presentation about to be made and he had to get ahead of it. Ahead of the Goldman presentation. And I think that’s really important. People have to recognize, a lot of news being made at these things.
“I mean look, GAP, I mean now GAP is up 10% from where Richard Dickson allegedly had a not great quarter because he introduces cosmetics stop trading at a conference. And I just think that people are excited if there’s something exciting about retail, then people are buying.”
14. Kohl’s Corporation (NYSE:KSS)
Number of Hedge Fund Holders In Q2 2025: 31
Kohl’s Corporation (NYSE:KSS)’s shares have experienced somewhat of a turnaround over the past couple of months. Since late July, the stock is up by a whopping 73% as it maintains the tailwinds generated by a strong second-quarter earnings report. The earnings, which saw Kohl’s Corporation (NYSE:KSS) deliver almost 2x of analyst EPS estimates, came just as investors were wondering whether the business could continue stable operations. These sentiments were also echoed in Cramer’s thoughts about Kohl’s Corporation (NYSE:KSS) during the year’s first half, where he shared that the firm was suffering from “real structural problems.” This time, he remarked that the firm’s Sephora brand might have been its saving grace:
“I think Sephora saved Kohl’s. I don’t know what’s going to happen now.”
Here are Cramer’s earlier thoughts about Kohl’s Corporation (NYSE:KSS):
“I will say that I think that when you have say, Kohl’s, getting Sephora in, that would reverse the decline of Kohl’s for a bit. Now Kohl’s did have a decent last quarter.”
13. The Goldman Sachs Group, Inc. (NYSE:GS)
Number of Hedge Fund Holders In Q2 2025: 73
Over the course of the past couple of weeks, Cramer has started to regularly discuss The Goldman Sachs Group, Inc. (NYSE:GS). He believes that the bank is a proxy for the stock market and stands to benefit from increased mergers and acquisitions and IPO activity. The Goldman Sachs Group, Inc. (NYSE:GS)’s shares have gained 29% year-to-date as the firm has benefited from more deal-making. The upward trend in the stock has come as increased markets activity has seen the bank continuously top analyst earnings estimates. During its second quarter, The Goldman Sachs Group, Inc. (NYSE:GS)’s $14.58 billion in revenue beat analyst estimates of $13.47 billion while its earnings-per-share of $10.91 also topped estimates of $9.53. Yet, despite the fact that the shares are up this year, Cramer continues to believe The Goldman Sachs Group, Inc. (NYSE:GS) is trading at a lower multiple:
“Yes, we know that there are stocks that 33 and 32 times earnings. We know that there’s some 40 times earnings. Well we have, I mean what is Goldman Sachs doing at 15 times earnings? It’s the premier investing house in the world.”
Here are the CNBC TV host’s previous comments about The Goldman Sachs Group, Inc. (NYSE:GS):
“Yeah my charitable trust owns Goldman, I’d buy it. I’d buy it here. They’re having a great quarter. I mean there’s so much M&A. Just over and over again there’s M&A.
“[On a share price dip] That’s profit taking because Goldman sells at maybe 14 times earnings. I’m not too worried about them. I really like that idea.”
12. JPMorgan Chase & Co. (NYSE:JPM)
Number of Hedge Fund Holders In Q2 2025: 124
Despite the fact that it is one of the largest banks in the world and a key pillar of the US and the global financial system, Cramer doesn’t frequently discuss JPMorgan Chase & Co. (NYSE:JPM). The bank’s shares have gained 22% year-to-date as a rise in trading activity has helped the firm’s bottom line. For instance, JPMorgan Chase & Co. (NYSE:JPM)’s second-quarter earnings saw the firm raise its 2025 net interest income forecast by $1 billion and mark a 7% investment banking fee growth to $2.5 billion. Cramer discussed JPMorgan Chase & Co. (NYSE:JPM) after he discussed Goldman Sachs and commented that the latter was trading at a 15 times earnings multiple despite being a “premier investing house in the world.” Here is what he said:
“I mean, okay sorry Jamie, because Jamie’s unbelievable. I mean, let’s take a look. This is a good example of what I’m talking about a stock that should not be where it is. JPMorgan, it sells at 15 times earnings. There’s no greater bank in the world than this bank.”
Previously, the CNBC TV host commented on whether JPMorgan Chase & Co. (NYSE:JPM) could enter the stablecoin sector:
“I mean I said that maybe there’s a possibility that JPMorgan. . could do a stablecoin. And you know you get the usual emails which is like you don’t know what you’re talking about, it’s going to be much bigger.”
11. American Express Company (NYSE:AXP)
Number of Hedge Fund Holders In Q2 2025: 70
Throughout his morning show appearances in 2025, Jim Cramer has praised American Express Company (NYSE:AXP). One key aspect that has caught his attention is the growing popularity of the firm’s payment cards with younger customers. American Express Company (NYSE:AXP)’s shares have gained 9% year-to-date and are up by 40.6% since their disastrous 15% dip in April following the Liberation Day tariff announcement. The shares have gained 7.4% after American Express Company (NYSE:AXP)’s latest earnings, which is important since Cramer did recommend buying them after the post-earnings dip. This time, he discussed American Express Company (NYSE:AXP)’s earnings multiple:
“Well look, I think that, right now I would say that people love American Express. . . because numbers were boosted today. That’s at 21. So it’s one turn below the average stock.”
In his earlier comments about American Express Company (NYSE:AXP), Cramer continued to praise the firm’s popularity with younger users:
“I like American Express if it keeps getting hit. They had a dynamite quarter. And they had by the way big Gen Z, amazing, amazing, the Gen Zrs are really proud. . .I’d buy that stock if it gets hit another three, five points.”
10. CSX Corporation (NASDAQ:CSX)
Number of Hedge Fund Holders In Q2 2025: 71
CSX Corporation (NASDAQ:CSX)’s shares have struggled recently due to fresh developments in the railroad industry. The business-friendly approach of the Trump administration has stimulated a flurry of mergers and acquisitions activity in the railroad sector, which has prompted Union Pacific and Norfolk Southern to join forces. Naturally, their teaming up raised similar hopes for CSX Corporation (NASDAQ:CSX), and when the firm announced that it would expand its partnership with BNSF instead, investors were disappointed and sent the shares 9.7% lower. Cramer’s previous comments about the firm have praised its CEO, Joseph Hinrichs, and used its data to point out that China wasn’t buying American coal. This time, he discussed CSX Corporation (NASDAQ:CSX)’s valuation:
“I was making some jokes at Joe Hinrichs about CSX, CSX is more richly valued much more than JPMorgan.”
Here are the CNBC TV host’s previous comments about CSX Corporation (NASDAQ:CSX):
“As Joe Hinrichs said to me last night on CSX, for the first time railroads are looking to work together. There is a up to a five day delay every time you get to Chicago because they don’t really, I mean we never really completed one. He’s saying you don’t need to merge, in order to make things more efficient. That would hurt the Norfolk Southern, Union Pacific merger.
“Joe Hinrichs’, by the way, his stock was the second best in the group, and if you take out the fluff that developed from Norfolk Southern when you [David] broke the story that there were talks, you actually had the number one performer. So he’s been slagged, and slagged, and slagged, even though he’s number one. And I don’t know if that’s so good.
“No, there’s not a buyer. No, not a buyer.”
9. Costco Wholesale Corporation (NASDAQ:COST)
Number of Hedge Fund Holders In Q2 2025: 91
Costco Wholesale Corporation (NASDAQ:COST) is one of Jim Cramer’s most frequently discussed and top retail stocks. Throughout 2025, he has continued to praise the firm’s efforts to ensure that prices remain low for consumers. Costco Wholesale Corporation (NASDAQ:COST)’s shares have gained a modest 6.8% year-to-date as they struggle to recover from the massive 13% dip in March after the firm’s second-quarter earnings. Cramer’s recent comments about Costco Wholesale Corporation (NASDAQ:COST) praised former CFO Richard Galanti’s price reduction strategies, and this time, he pointed towards the firm’s dealings with Lululemon:
“Well, I mean, when I saw Costco, when Lulu was battling with Costco, of a knockoff of Lulu, that was to me, that said something. Lulu, that’s not the way it works in this country. Costco comes after companies that charge too much. It comes after Tito’s and it comes after Lulu’s. And it always wins. And it won again last night. And that stock’s been stuck at 52 times earnings for long enough, it may be time for that one to move up.
Here’s what Cramer recently shared about Costco Wholesale Corporation (NASDAQ:COST)’s former CFO Richard Galanti:
“There’s a reason, by the way, that the trust also owns Costco. We shop there constantly. We have four different Costcos where I live, and I always visit one if I see one. I do that because it’s a core position, but… also because my wife and I just can’t stay away from the place. I’ve never been worried. Richard Galanti, the former CFO, put the fear of God into all of Costco’s suppliers to ensure they kept prices low. The Costco cart’s one of the best bargains on earth.”
8. The TJX Companies, Inc. (NYSE:TJX)
Number of Hedge Fund Holders In Q2 2025: 73
The TJX Companies, Inc. (NYSE:TJX)’s shares have gained 16% year-to-date to outpace peer Costco’s stock. The gains come after a modest 5% drop in April after Liberation Day tariff announcements. During the turmoil in April, Cramer started to frequently discuss The TJX Companies, Inc. (NYSE:TJX) as he commented that the firm could benefit from all stores that had over-ordered inventory due to tariffs and were looking to offload it. More recently, Cramer remarked that the firm is among the group of preferred retailers that have benefited from a push among Americans for retailers that provide value. This time, Cramer shared how The TJX Companies, Inc. (NYSE:TJX) was also competing with Lululemon:
“You gotta cut price. You gotta figure out how to make it so that you’re not charging as much as they are doing. Because the American people want to stop, they want to shop at, I was at TJX the other day, there had to been a hundred things that looked just like Lulu but probably were better for all I know.”
Here are the CNBC TV host’s earlier comments about The TJX Companies, Inc. (NYSE:TJX):
“I mean I would say that if you default to the companies that have reported in the last 24 hours, actually not a bad bunch to default to, what you find out is that what are the American people doing? Well the American people are shopping at Ollie’s, and at Dollar Tree and Dollar General, and Five Below, and at TJX, and at Roth Stores. And that is a sign that the American people do not feel very secure. And that’s something that Home Depot said, they don’t feel very secure. That is going to keep projects on the sidelines and keep people from spending the way that they would like.
“That place is extraordinary. The bargains there are extraordinary.”
7. lululemon athletica inc. (NASDAQ:LULU)
Number of Hedge Fund Holders In Q2 2025: 55
lululemon athletica inc. (NASDAQ:LULU)’s shares were among the stunners on Thursday after they sank by 18.6%. The shares were hit hard after the firm’s second-quarter earnings report. The results saw lululemon athletica inc. (NASDAQ:LULU) struggle to manage the impact of tariffs on its business as the firm guided its fiscal full-year midpoint earnings per share at $12.87, which was nowhere near analyst estimates of $14.45 per share. Cramer discussed why lululemon athletica inc. (NASDAQ:LULU) has struggled, with high prices playing a role behind the firm’s woes:
“Well, I mean, when I saw Costco, when Lulu was battling with Costco, of a knockoff of Lulu, that was to me, that said something. Lulu, that’s not the way it works in this country. Costco comes after companies that charge too much. It comes after Tito’s and it comes after Lulus. And it always wins. And it won again last night. And that stock’s been stuck at 52 times earnings for long enough, it may be time for that one to move up.
“You gotta cut price. You gotta figure out how to make it so that you’re not charging as much as they are doing. Because the American people want to stop, they want to shop at, I was at TJX the other day, there had to been a hundred things that looked just like Lulu but probably were better for all I know.”
“Look I’ve got to tell you, I’m someone, I feel for Macy’s, what Tony Spring’s, it’s not easy, trying to reinvent. But you have to make it more exciting, you have to make it interesting. It has to be dazzling, you have to have points. When I look at Lulu, I just say, wow, I gotta avoid that corner. That’s an expensive corner. Be careful of that corner.”
6. Macy’s, Inc. (NYSE:M)
Number of Hedge Fund Holders In Q2 2025: 36
Macy’s, Inc. (NYSE:M)’s shares were the standout in the retail sector last week after they gained 21% after the firm’s latest earnings report. Investors were particularly impressed by the fact that Macy’s, Inc. (NYSE:M) grew its same-store sales for the first time in three years. Courtesy of the gains, the shares are up by 3.2% year-to-date. Cramer discussed Macy’s, Inc. (NYSE:M) after the earnings and remarked that balance sheet improvement was an important aspect behind the firm’s performance. He also boasted about feeling good about the turnaround before the earnings report. This time, he cited Macy’s, Inc. (NYSE:M) as an example of reinventing the business in times of turmoil:
“Well look, let’s hand it to Macy’s. Macy’s actually was a non discounter that did well”
“Look I’ve got to tell you, I’m someone, I feel for Macy’s, what Tony Spring’s, it’s not easy, trying to reinvent. But you have to make it more exciting, you have to make it interesting. It has to be dazzling, you have to have points. When I look at Lulu, I just say, wow, I gotta avoid that corner. That’s an expensive corner. Be careful of that corner.”
5. Netflix, Inc. (NASDAQ:NFLX)
Number of Hedge Fund Holders In Q2 2025: 133
Even though he hasn’t discussed Netflix, Inc. (NASDAQ:NFLX) lately, Jim Cramer is still a fan of the firm. The shares are up by 40% year-to-date as the firm has benefited from a string of catalysts, such as a lack of exposure to tariffs and strong full-year guidance. Netflix, Inc. (NASDAQ:NFLX)’s stock has proven to be somewhat of a safe haven as management asserted throughout the second quarter that it did not expect to face any significant headwinds from tariffs. Cramer’s previous comments about the firm have praised a viewer’s decision to sell the stock and maintained that he still likes the firm. This time, he remarked on how Netflix, Inc. (NASDAQ:NFLX) fits into Americans’ changing spending habits:
“. . but, yeah look, the American people spend a fortune, things have changed on how we spend our dollar. The old days we would go shopping. Now we, Netflix, right. We spend a huge amount of money on Netflix.”
Here are Cramer’s previous thoughts about Netflix, Inc. (NASDAQ:NFLX):
“Okay, here’s the issue: you did, you did the right thing. Netflix went up a huge amount, and you took a profit. And we should never feel bad about profits. We should only feel bad about losses. But if the question is, do I like Netflix, the stock? You bet I do.”
4. Walmart Inc. (NYSE:WMT)
Number of Hedge Fund Holders In Q2 2025: 105
Mega retailer Walmart Inc. (NYSE:WMT)’s shares have gained 13.6% year-to-date but would have been lower had it not been for a 6.4% jump since late August. The shares jumped after an earlier 4.4% dip following Walmart Inc. (NYSE:WMT)’s fiscal second-quarter earnings revealed a surprising profit miss. During the quarter, while the firm raked in $0.68 in EPS, analysts had penciled in $0.74. However, even though the shares dropped, Cramer praised Walmart Inc. (NYSE:WMT) for its honesty in informing investors about its problems. Safe to say, he continues to believe that the firm is among the handful of mega retailers dominating the industry:
“Costco, Walmart, TJ, Costco, Walmart, TJ, Amazon, Costco, Walmart, look, that’s it. We’re in a world where there’s just going to be a few players. They represent great value. And then everybody else is going to reinvent.”
Here’s what Cramer said about Walmart Inc. (NYSE:WMT) after its earnings:
“Okay, I am so glad you asked me this because people have Walmart wrong. They’re a very forthcoming company. They say, listen, we’re going to have some problems… They’re very, they’re very honest. They’re terrific, and what they’ve done is make, it’s actually end up scaring people out of their stock. It does have a high price-to-earnings multiple. I do prefer Costco. I do hope Costco has a just okay month, so you can buy that cheaper tomorrow. But Walmart’s fine. It’s a fine stock.”
3. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders In Q2 2025: 115
Tesla, Inc. (NASDAQ:TSLA)’s iconic CEO, Elon Musk, was in the news again after the firm announced a new pay package that could see him become a trillionaire over the next couple of years. Naturally, Cramer had a lot to say about the development as he defended the package:
“I feel that, uh, again, I always feel the same. I once said this to the people at Disney, when people were saying that Bob Iger was being paid too much, well then sell the stock. This is just, you can walk. I think he’s worth every penny.
“[On targets linked to the package] Yeah well I think his politics have really hurt his sales. But I stopped looking at this thing as a car company a long time ago. This is robots. This is, NVIDIA and robots. And it’s autonomous and those are the two biggest markets in the world. Autonomous, 2030, and robot, 2030. These are five years from now. And that’s, those are the two biggest most dominant markets and we’re not even investing in those other than Tesla and NVIDIA.
“[On whether TSLA could be 2x NVDA’s market cap] No, no, I just do think that they’re the ones I’m looking to for the best robot and for the best [inaudible].
“You don’t have to be in Tesla. You can go be in something that you think, you can go be in Microsoft. . .we have free choice. We have free will. And these packages, we always seem like, well you know, the government’s got to strike it down. It isn’t right. No, just sell. If you really think it’s that bad, sell. I don’t think it’s that bad.I want to own stocks that make me money. I don’t care how much the top guy is being paid if the stock makes me money. I don’t. I never have.
“[On if he was still considering earnings and deliveries down] No, because I just keep thinking, who has got the vision to be able to really come up with the robots that Collette Kress, the CFO of NVIDIA tells me are coming. And who’s going to build them. And I know there’s an outfit in Norway that’s got the, you know, that right now has the best. But they don’t scale. What you like with Elon is that he knows how to scale things. So if he gets the right technology, we’ll all have our robot. We’ll get it from Amazon. I don’t know, initially it’ll cost us twenty thousand dollars and then it’ll cost us two thousand dollars.
“Yes, I think has everybody has to rely less on China.”
2. Adobe Inc. (NASDAQ:ADBE)
Number of Hedge Fund Holders In Q2 2025: 104
Adobe Inc. (NASDAQ:ADBE)’s shares haven’t been spared in today’s AI-driven market. They have lost 18.9% year-to-date as the firm has failed to convince investors that its AI products have captivated customer sentiment. For instance, Adobe Inc. (NASDAQ:ADBE)’s shares fell by 5% in June after the firm warned that it expected to see a longer time horizon when it came to AI monetization. Cramer discussed Adobe Inc. (NASDAQ:ADBE) in the context of the broader bearishness surrounding software stocks:
“Next up is Adobe. . .on the 11th, Adobe’s going to report. This is this battle between these software companies that are not software-as-a-service and software companies that are.
“[On whether not getting Figma was a blessing or a curse] Figma was way too high, I think not getting Canva. . .but, what’s interesting is that. . .this is unusual. These are amazing companies, they’re great companies and their products are good. And nobody cares anymore because these are the ones that people think are just being blown up by AI. So these are the ones that are real casualties of AI.
“All I’m saying is that this was. . .when I look at Adobe, for a period of around 15 years these were the best software companies in the world. And now they’re just regarded as outlier bad companies that don’t create value. And I’m like, I refuse to believe, Shantanu Narayen . . .[is] done. . .. [He is] not done. Holy cow!”
1. Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders In Q2 2025: 121
Salesforce, Inc. (NYSE:CRM)’s shares dipped by 4.9% after the firm’s latest earnings report saw it guide midpoint fiscal third quarter revenue at $10.265 billion, while analysts had estimated $10.29 billion. Naturally, not only do software investors like growth in their stocks, but the miss fed into their fears of AI harming Salesforce, Inc. (NYSE:CRM). Cramer was rather somber in his comments about the firm:
“. . .This is this battle between these software companies that are not software-as-a-service and software companies that are. And Salesforce was brutal comeuppance, it was tough for me to watch.
“. . .These are amazing companies, they’re great companies and their products are good. And nobody cares anymore because these are the ones that people think are just being blown up by AI. So these are the ones that are real casualties of AI.
“This was a very big soul search week for me because I really believe in Marc and I believe in Salesforce, my charitable trust owns it. And I am looking so wrong Carl, I don’t like to look this wrong. I just don’t.
“It’s so good perhaps that it’s putting it’s own customers, it’s taking its own customers and saying, listen we don’t need as much more, we can develop our own AI. If Marc can let go 4,000 people because his stuff is working so well, then you say wait a second, if you’re paying per person, which is their old model, this new model is consumption, I also thought that would spare us. All I’m saying is that this was, when I look at Salesforce. . . for a period of around 15 years these were the best software companies in the world. And now they’re just regarded as outlier bad companies that don’t create value. And I’m like, I refuse to believe, . . .Marc Benioff [is] done. . .. [He is] not done. Holy cow!”
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