Jim Cramer, host of Mad Money, said on Thursday that bullish investors tend to prevail over time and explained why he believes staying in the market continues to make sense.
“Bulls waste a huge amount of time shadowboxing the bears. Yeah, the bulls are always on the defensive, even when they have the history, the data, and the numbers on their side. How is that possible? I think people just refuse to trust the market. They want to find reasons not to like stocks, and they’re willing to go to great lengths to find them.”
READ ALSO: 13 Stocks Jim Cramer Put Under the Spotlight Recently and Jim Cramer Was Recently Asked About These 8 Stocks.
Cramer went through a list of common objections that make reasonable investors doubt themselves. He pointed out that skeptics initially warned that the government shutdown under President Trump would harm the stock market. Yet, he said, that prediction did not pan out, saying, “The market’s been fine.” He then noted that nearly every day brings a new statement from the president expressing frustration with China or threatening new trade actions, which often sparks concern among investors.
Cramer highlighted that numerous hedge fund managers have used the tensions to emphasize that “it’s a perilous time”. However, he said he has reached the point where, when the market dips after the president’s comments about China, he wants to say, “just to go buy because it’s been a winning strategy the whole way.” Pointing out another major concern, Cramer discussed tariffs during recent earnings seasons. He noted that after a couple of weeks of earnings season, the data show that tariffs have not had as significant an impact as many feared.
“The bottom line: This market is not a bunch of coins to be flipped. It’s a collection of companies to be invested in. So do this for me: if you’re going to think of the market as a tug of war between the bulls and the bears, would you at least think of the bulls as the favorite and give them the benefit of the doubt? Because if history’s any guide, the bull deserves it.”
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 October 23. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the second quarter of 2025, which was taken from Insider Monkey’s database of over 900 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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
15 Stocks Were Recently Put Under the Microscope By Jim Cramer
15. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 115
Tesla, Inc. (NASDAQ:TSLA) is one of the stocks that was recently put under the microscope by Jim Cramer. Cramer discussed the company’s CEO’s AI ambitions and pay package, as he commented:
“… Then there’s Musk. He’s using AI to make the best full self-driving car. He’s using it to dominate the Robotaxi game, or at least try. There’s no doubt that he’s got the best self-driving alternative on a price basis. He thinks there’ll be relentless demand for the cyber cab. When you read the conference call, he makes an incredibly compelling case to buy the stock of Tesla, but not because of cars. We’ve heard endlessly about how the hyperscalers are desperate for more energy.
Musk has put AI to the test, and he recognized that if you could develop better and bigger, and stronger batteries, that might be the answer for our energy-starved country. Storage may be the way to go… The most exciting part of Musk’s investible empire, though, is Optimus, the robot operation. There are so many obstacles to mass-producing robots that Musk says he’s putting himself in the position of a startup to get it right…
Hate him or like him, man, this guy’s real smart. Now, other than allegedly weak car sales, the most talked about part of the Tesla call was when Musk called proxy advisors, Glass Lewis and ISS, terrible recommenders for the upcoming proxy that, he’s got his contract requests. He calls their musings corporate terrorism. I think that Musk, who says he needs to be in control so the robots don’t take over, clearly wishes he had two classes of stock so he could be like Mark Zuckerberg, who can do whatever he wants with Meta. I say, even though he didn’t start the company and therefore doesn’t have the two classes, give the man the pay package he wants. Unlike so many other CEOs, he’s actually worth it.”
Tesla, Inc. (NASDAQ:TSLA) designs, manufactures, and sells electric vehicles and energy systems. The company also provides charging infrastructure, insurance, and after-sales services.
14. GSI Technology, Inc. (NASDAQ:GSIT)
Number of Hedge Fund Holders: 6
GSI Technology, Inc. (NASDAQ:GSIT) is one of the stocks that was recently put under the microscope by Jim Cramer. Answering a caller’s query about the stock during the lightning round, Cramer stated:
“Yeah, that thing is a rocket ship, man. I don’t know. I gotta find… What I’m going to have to do is I’m going to have to go, I may have to go right to Ben Stoto on this because they just did an equity offering, but it’s straight up, and I think Stoto is going to know the answer because that’s who Stoto is.”
GSI Technology, Inc. (NASDAQ:GSIT) develops semiconductor memory and processing solutions, including SRAM and associative processing units used in networking, defense, aerospace, medical, and industrial applications. On October 20, the company reported that Cornell University research confirmed its APU Compute-in-Memory architecture achieves GPU-level performance for large-scale AI workloads with significantly lower energy use. The Gemini-I APU matched NVIDIA’s A6000 GPU on retrieval-augmented generation tasks, consumed over 98% less energy, and completed retrieval operations up to 80% faster than standard CPUs.
13. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)
Number of Hedge Fund Holders: 33
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is one of the stocks that was recently put under the microscope by Jim Cramer. A caller sought out Cramer’s opinion of the stock during the episode, and he commented, “Kratos is a terrific stock. It’s come down a bit. It’s time to pull the trigger.”
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops advanced technologies, systems, and software for defense, national security, and commercial markets. The company’s solutions include unmanned aerial systems, space and missile technologies, propulsion systems, and electronic warfare solutions. When a caller inquired about the stock during the August 14 stock, Cramer replied:
“Well, that’s a drone company, and drone companies are very, look, I like AVAV, but Kratos, that one’s a good company too, but I’m going to stick with my AVAV.”
12. Qfin Holdings, Inc. (NASDAQ:QFIN)
Number of Hedge Fund Holders: 26
Qfin Holdings, Inc. (NASDAQ:QFIN) is one of the stocks that was recently put under the microscope by Jim Cramer. A caller asked Cramer about the stock during the lightning round and mentioned that they bought it in July when it performed strongly before being affected by China trade issues. Cramer replied:
“Yeah, well, the China financials, not for me. I like Alibaba. That’s my only one over there. I’m sticking with that.”
Qfin Holdings, Inc. (NASDAQ:QFIN) operates an AI-driven credit technology platform under the Qifu Jietiao brand. The company provides borrower matching, credit assessment, loan facilitation, and post-loan services for financial institutions, consumers, and small businesses.
11. IonQ, Inc. (NYSE:IONQ)
Number of Hedge Fund Holders: 30
IonQ, Inc. (NYSE:IONQ) is one of the stocks that was recently put under the microscope by Jim Cramer. A caller asked Cramer about the stock, mentioning that the company initially seemed speculative to them but noting that Alphabet has since developed a quantum chip. Cramer replied:
“Sure… yes, they have. Now, look, this stock was at 84, 10 days ago. It is now down all the way to $59. It was at $54. I think that it’s going to get some money from the government. It’s going to run up again, and then you’re going to have to trim it again. It’s a trading vehicle. I like investing situations.”
IonQ, Inc. (NYSE:IONQ) provides access to quantum computers through major cloud platforms and its own services. The company offers hardware systems, quantum-safe networking, and detection technologies. Cramer mentioned the company during the October 10 episode and said:
“I’m going to start naming the names of these impoverished growth companies, the ones that have been bid up furiously and will likely need to do stock offerings because they’re desperate to raise money. That’s what happened in the great internet crash of 2000…
Case in point, IONQ… That’s a huge loss-making quantum computing company with a stock that had bid up aggressively by retail to the point where it rallied 85% for the year as of last night’s close. Then this morning, IONQ just offered 2 billion shares… It was a complex deal, but it knocked the stock down almost 9% today. I think this offering will be the first of many, and they could weigh on all of these stocks.”
10. Novartis AG (NYSE:NVS)
Number of Hedge Fund Holders: 34
Novartis AG (NYSE:NVS) is one of the stocks that was recently put under the microscope by Jim Cramer. During the lightning round, a caller asked if they should buy, sell, or hold the stock. In response, Cramer said, “Oh, come on, Vas [CEO Vasant (Vas) Narasimhan] is a winner… I’m a buyer of Novartis.”
Novartis AG (NYSE:NVS) develops, manufactures, and markets prescription medicines across cardiovascular, immunology, neuroscience, oncology, and hematology areas. Loomis Sayles stated the following regarding Novartis AG (NYSE:NVS) in its Q1 2025 investor letter:
“Novartis AG (NYSE:NVS) is a diversified global healthcare company with market leadership in branded pharmaceuticals across a broad range of treatment areas, including oncology (30% of revenues), immunology (almost 20% of revenues), cardiovascular, renal, and metabolic (almost 20%), and neurology (10%). The company also derives over 20% of revenues from mature branded products in non-core therapy areas. With the October 2023 spinoff of the company’s Sandoz generics and biosimilars division, which followed the 2019 spinoff of ophthalmologic equipment maker Alcon and 2018 divestiture of a consumer health joint venture, the company is now purely focused on innovative medicines, which accounted for about 80% of revenue and 85% of core operating income prior to the Sandoz spinoff. The company generates over 50% of revenue from the Americas, approximately 30% from Europe, and almost 20% from the rest of the world.
A holding in the fund since inception, Novartis reported fundamentally solid quarterly financial results that were better than consensus expectations for both revenue and core earnings per share, and the company provided guidance for 2025 that included mid-to high single-digit revenue growth and faster expected growth in core operating income. We believe Novartis’ narrowed focus on branded innovative medicines, a pipeline increasingly focused on high-value transformative innovations with substantial end markets, and a broad portfolio that continues to have multiple growth drivers, leave the company well positioned for sustained future growth. In addition, we believe the company is seeing the fruits of its shift in research and development (R&D) efforts over the last decade begin to materialize in the form of novel drug launches, such as Pluvicto and Leqvio, discussed below, with many more expected over the coming years…” (Click here to read the full text)
9. Dover Corporation (NYSE:DOV)
Number of Hedge Fund Holders: 47
Dover Corporation (NYSE:DOV) is one of the stocks that was recently put under the microscope by Jim Cramer. Cramer called it a real economy stock as he remarked:
“This morning, we got a very good quarter from Dover. The classic diversified industrial manufacturer has made a big pivot toward data center, aerospace, clean energy. Stock shot up more than 8% today. Good news for me, it’s a big Charitable Trust holding. Now, technically, some people will call it a mixed-to-positive quarter. Dover’s total revenue and its organic sales growth, both fell a tad shy of expectations, but they also delivered an 11-cent earnings beat off a two-dollar and fifty-one-cent basis.
Management raised their full-year earnings forecast. Remember, Dover’s the kind of real economy stock that hasn’t done as much this year as I would like, but that’s because, well, you don’t need to report a picture-perfect quarter for the stock to rally like crazy, given the stock was ready to go.”
Dover Corporation (NYSE:DOV) manufactures equipment, components, and digital solutions used across industries such as vehicle service, fueling, industrial processing, and climate technology. The company’s products include pumps, fluid handling systems, precision marking equipment, and refrigeration technologies.
8. Palantir Technologies Inc. (NASDAQ:PLTR)
Number of Hedge Fund Holders: 78
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks that was recently put under the microscope by Jim Cramer. During the episode, a caller asked if they should buy, sell, or hold the stock, and Cramer replied:
“I think you can still own Palantir. It’s one of the speculative stocks that I truly like. Why? Because it’s actually profitable. Most of the speculative stocks I hear about are not profitable. I spend a lot of time in How to Make Money in Any Market, saying, you want a spec stock? Go buy the stock of Palantir. And by the way, it’s not like I’m like, you know, necessarily buddies with the company, but I do think that they’re for real.”
Palantir Technologies Inc. (NASDAQ:PLTR) develops software platforms that integrate, analyze, and manage data for intelligence, defense, and enterprise operations. A caller asked for advice on the stock during the September 20 episode, and he responded:
“I don’t know if it’ll hit a trillion-dollar market cap. Here’s what I know: you took out your cost basis, you cannot lose money now. I think that is an incredible position, and what I like to do when I can’t lose money is I like to let… [it] run unless the fundamentals change. And right now, the fundamentals seem very strong at Palantir.”
7. International Business Machines Corporation (NYSE:IBM)
Number of Hedge Fund Holders: 63
International Business Machines Corporation (NYSE:IBM) is one of the stocks that was recently put under the microscope by Jim Cramer. Cramer called the stock a “steal,” as he commented:
“Long story short, Red Hat came in a little light but… it really is the only key part of IBM that was disappointing. Personally. I think the negative reaction to that specific piece of hair on the quarter was downright ridiculous. Even as I know that the Red Hat division again is loved for its consistent high growth. I loved it… When I look at what IBM’s done these past couple of years, years under Arvind Krishna, I gotta wonder why wouldn’t anyone trust him? I mean, the guy’s totally bankable.
These sellers don’t believe in giving anyone the benefit of the doubt, and it’s costing them money, not you. Plus, there’s so much good news happening all throughout the rest of the organization, I think it’s very shortsighted to focus on an ever-so-slight tick down from Red Hat. That includes IBM’s recent acquisition of HashiCorp, another hybrid cloud infrastructure play, and that’s doing great.
Their consulting business has returned to growth, becoming the glue that holds IBM’s AI narrative together. Even their sleepy infrastructure division is doing great with that new mainframe product that’s on fire. Somehow, this boring business has the fastest growth in the entire company right now. Oh, and let’s not forget, they have the only commercially viable quantum computing business…
So here’s the bottom line in a story that I think is very easy to get your arms around: If you saw IBM stock selling off this morning in response to earnings and freaked out, there’s nothing to be afraid of because the actual numbers were superb. Thankfully, the market eventually came around to my point of view, but IBM is still down versus where it was before the quarter. I honestly think that the stock remains a steal here at just over 23 times next year’s earnings estimates in a very overcrowded, expensive group of tech stocks.”
International Business Machines Corporation (NYSE:IBM) provides integrated technology solutions, software, and consulting services focused on hybrid cloud, AI, and digital transformation.
6. GE Vernova Inc. (NYSE:GEV)
Number of Hedge Fund Holders: 106
GE Vernova Inc. (NYSE:GEV) is one of the stocks that was recently put under the microscope by Jim Cramer. Cramer noted the company reported a “terrific quarter” and said:
“GE Vernova reported a terrific quarter, and the stock only sold off because it had already run up dramatically going into the earnings, because it’s connected to the data center, and people love the data center because you need their electricity for the data center. As we told CNBC investing club members, there was just a lot to like here.
Management gave us a ton of positive commentary about their $5.3 billion purchase of the remaining 50% of Prolec… GE Vernova is buying the entire thing. As CEO Scott Strazik sees it, this acquisition will bulk up the company’s exposure to their fastest-growing segment of their power business, which is electrification… I think we’re going to begin to hear a lot more about what’s known as small modular nuclear reactors in the next two years, and that will make people realize if you want to invest in the concept of nuclear power, well, then go buy the stock of GE Vernova.
Plus, while the company’s repurchased $2.2 billion worth of its own stock so far this year, they say they’ll continue to buy back stock on an opportunistic basis, as they believe in ‘There is incremental value embedded in our stock.’ Well, it doesn’t really get that much more bullish, does it? Here’s the bottom line: When two of the children of General Electric reported this week, the market got them both wrong, but today they came roaring back. I’m betting that GE Aerospace and GE Vernova are ready to run, and that today’s rallies were the ones that mattered.”
GE Vernova Inc. (NYSE:GEV) provides technologies and services for power generation, transmission, and storage, including gas, nuclear, hydro, and wind systems.
5. GE Aerospace (NYSE:GE)
Number of Hedge Fund Holders: 100
is one of the stocks that was recently put under the microscope by Jim Cramer. Referring to the company and GE Vernova, Cramer said:
“I want to walk you through what’s going on here because these two represent very important parts of both the real economy and, yes, the data center economy. Why don’t we start with GE Aerospace… To me, this was an amazingly impressive quarter… While there were some concerns about GE Aerospace’s implicit guidance for the fourth quarter, I think that’s mainly management being conservative. On the other hand, there are a ton of positives here. In fact, I could argue that this company, stewarded by Larry Culp, he’s such a great executive, maybe the best industrial report this year…
Keep in mind, GE Aerospace really cleans up with their services business because it carries much higher margins than selling equipment… If you get that maintenance business, you’re going to make a lot of money… At the same time, GE Aerospace had lots of positive things to say about their supply chain, something that requires a lot of attention in this age of much higher tariffs…
In the end, both GE Aerospace and GE Vernova are poised to be winners from the president’s trade war because when other countries decide to make nice with Trump by narrowing their trade deficits with us, they need to buy lots of big-ticket items to really move the needle. That means they need to buy aircraft… They need to buy turbines… I think this is one of the best ways to play the incredibly robust bull market in aerospace and travel. Plus, it doesn’t hurt that even with today’s rally, the stock’s only a few bucks higher than where it was trading before the latest quarter. You’re practically getting this terrific quarter for free.”
GE Aerospace (NYSE:GE) designs and manufactures aircraft engines, power systems, and components for commercial and defense applications. The company’s operations include engine production, maintenance, and spare parts supply, covering jet and turboprop engines, avionics, and other related technologies.
4. United Parcel Service, Inc. (NYSE:UPS)
Number of Hedge Fund Holders: 53
United Parcel Service, Inc. (NYSE:UPS) is one of the stocks that was recently put under the microscope by Jim Cramer. A caller asked if they should buy more or hold the stock, and here’s what Mad Money’s host had to say in response:
“Well, I do, I think the stock’s trying to bottom. I think the stock’s trying to bottom… I personally don’t care for it. I am a huge buyer of FedEx, and I like J.B. Hunt, so don’t say I’m, don’t say I’m anti-transport. That would be a big mistake. It’s just that I do feel that UPS, the dividend’s so big, I don’t know. And I know they’re sacrosanct, but they could use some money.”
United Parcel Service, Inc. (NYSE:UPS) provides global package delivery and logistics services. It offers time-definite shipping, air and ground transportation, and freight forwarding. During the October 14 episode, when a caller asked if they should buy, sell, or hold the stock, Cramer replied:
“No, I still don’t like UPS. I tell you what I heard today, FedEx, when I was at Salesforce, made me feel even better about that company.”
3. Reddit, Inc. (NYSE:RDDT)
Number of Hedge Fund Holders: 74
Reddit, Inc. (NYSE:RDDT) is one of the stocks that was recently put under the microscope by Jim Cramer. When a caller asked about the stock during the episode, Cramer said:
“I think Reddit’s doing terrifically… I think Reddit’s going to go much, much higher. They’ve got the data that a lot of these search engines need. And I’ve gotta tell you, I think management, I think Steve Huffman is under, he’s really just, he doesn’t get the credit he deserves. I like the guy.”
Reddit, Inc. (NYSE:RDDT) operates an online platform that hosts user-driven communities centered on shared interests, enabling discussions, content sharing, and social interaction. On October 3, when a caller pointed to falling daily active users and lower ChatGPT engagement, Cramer responded:
“Okay, I saw this stuff on Reddit. I’ve been trying to get, I mean, you know, a lot of… these chatbots rely on Reddit. You often see them as like the first or second indicator. I think that was kind of excessive. The stock has had a remarkable run. I think that the pullback, though, is viable. I think Reddit is a valuable institution. I think the numbers are good. I would put on some here and then I would wait to see if it drops again because, actually, quite frankly, people look at the chart and the chart is not so great.”
2. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 156
Apple Inc. (NASDAQ:AAPL) is one of the stocks that was recently put under the microscope by Jim Cramer. Cramer discussed the recent downgrade of the stock by Jefferies and said:
“We know one thing when we came into this month. Apple stock had become suspect, scary, dangerous… An analyst from Jefferies on October 3rd downgraded Apple, not from a Buy to a Hold… But from a Hold to an actual Sell, saying that anything good about the new phone was already priced in. The expectations were excessive. This downgrade sent chills through any Apple bull…
Did you violate my own Apple, don’t trade it dictum? This week, we started with three different firms proclaiming that the iPhone 17 turned out… [a] much bigger hit than anyone thought. Gettable fact, just had to look at the lines worldwide to see how people were desperate to get their hands on this thing. You just had to listen to the outgoing CEO of T-Mobile when he told you the sales were brisk because of the deal they were offering… Yeah, Apple keeps going higher.”
Apple Inc. (NASDAQ:AAPL) designs and markets smartphones, computers, tablets, wearables, and accessories, including iPhone, Mac, iPad, Apple Watch, and AirPods.
1. JPMorgan Chase & Co. (NYSE:JPM)
Number of Hedge Fund Holders: 124
JPMorgan Chase & Co. (NYSE:JPM) is one of the stocks that was recently put under the microscope by Jim Cramer. Cramer mentioned the company during the episode and commented:
“There have been two big defaults, one of them causing JPMorgan to take a $170 million charge. CEO Jamie Dimon said at the time, ‘I shouldn’t say this, but when you see one cockroach, there’s probably more. Everyone should be forewarned on this one.’ At the same time, there were some other bad loans in the system that dinged a couple of regional banks. It caused a huge firestorm of selling. Man, the regionals, they got crushed. But it turns out there is no cockroach infestation…
Look, I’m not trying to give Jamie Dimon a hard time. Let others do that. He’s an amazing banker. He’s a nice guy. I think it always pays to be vigilant. He’s probably right that there’ll be eventually other cockroaches. There’s always a lot of cockroaches…. But so far, the rest of the industry looks pretty clean. You know what? I’ve been thinking, I think Jamie, it was an ill-advised analogy.”
JPMorgan Chase & Co. (NYSE:JPM) provides financial services that include consumer banking, investment banking, and asset management. The company offers deposits, lending, credit cards, payments, advisory, and trading services.
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