In this article, we will look at the stocks on Jim Cramer’s radar on Mad Money, as he explained that many investors might be missing out on the market’s biggest winners. The host of CNBC’s Mad Money said Thursday that the market continues to prove skeptics wrong and added that he believes stocks could still climb higher until more doubters finally give up on betting against the rally.
Today was all about Snowflake, the data management platform that saw its stock surge over 36% after a beautiful quarter. Now, I know you might be saying, hey Cramer, that’s a needle in a haystack, I’m worried about the average… I come back and say, that is nonsense, people… The fact that it can triumph over those fears and pick up $64 in one session for you if you own it has implications for the entire market… I’d say there are enough needles in this haystack that only a fool couldn’t find one.
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Cramer also said that many investors probably missed most of Snowflake’s rally and pointed out several reasons why. He said too many people have become overly reliant on index funds and exchange-traded funds instead of identifying individual companies with strong momentum. He also mentioned that investors frequently dismiss good ideas because the investment case appears “too obvious.” Moreover, Cramer said many market participants remain affected by the collapse of internet stocks in 2000, making them hesitant to fully embrace the current artificial intelligence-driven surge.
The bottom line is that the market’s different and we’re much further from the end of the AI data center boom… than the bears would have you believe. That means I think we do have more room to run. As long as the skeptics dominate the conversation, we’re nowhere near the top. When the skeptics, when they start throwing in the towel, that’s when I’m going to start worrying.
Our Methodology
For this article, we compiled a list of 18 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on May 28. We listed the stocks in the order that Cramer mentioned them.
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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
18 Stocks on Jim Cramer’s Radar: Strategy, GE Aerospace, and Best Buy
18. Best Buy Co., Inc. (NYSE:BBY)
Best Buy Co., Inc. (NYSE:BBY) was one of the stocks on Jim Cramer’s radar on Mad Money as he explained that many investors might be missing out on the market’s biggest winners. Cramer showed quite a bullish sentiment toward the stock, as he stated:
If, like me, you’re getting tired of hearing about the cash-strapped consumer, I suggest you go read this morning’s conference calls from Dollar Tree and Best Buy… If you want extravagance, then you go to Best Buy like a ton of other people more than ever because Best Buy uses artificial intelligence to figure out where you are… Under departing CEO, Corie Barry, who’s braved COVID, high inflation, tariffs, gasoline spikes, and still done a good job for shareholders, the company now reaches 200 million consumers. Through social media and their associates, Best Buy realized customers wanted trading cards, health rings, and PC gaming handsets…
Enough time has passed since the COVID PC boom that they’re benefiting from their computer replacement cycle. Their OpenAI and Google relationships will keep them on top of what people want and what they can afford now. Plus, they have RGB. What’s that? That’s the new televisions that give you the best colors, red, green, and blue, the only ones that really count that money can buy.
It’s a TV refresh cycle, and it’s allowing Best Buy to crush the numbers, and I think will really help them going forward. May, by the way, was a very good month for appliances. Here’s how Barry put it, “We continue to see very consistent customer behavior, which is a customer who is under a little more pressure, but still resilient, attracted to sales moments, shopping within their budget, which is where our broad assortment really plays in our favor.” There’s the real ticket: a resilient consumer is integral to what makes many things tick in our country.
Best Buy Co., Inc. (NYSE:BBY) sells technology products, electronics, appliances, and entertainment items, along with related services like delivery, installation, and technical support.
17. GE Aerospace (NYSE:GE)
GE Aerospace (NYSE:GE) was one of the stocks on Jim Cramer’s radar on Mad Money as he explained that many investors might be missing out on the market’s biggest winners. Toward the end of the lightning round, a caller asked for Cramer’s thoughts on the stock. In response, he said:
Okay, GE Aerospace is Larry Culp. I think he’s done a remarkable job. I want you to buy the stock of GE Aerospace because gasoline is coming down, and so is jet fuel.
GE Aerospace (NYSE:GE) manufactures commercial and defense aircraft engines, power systems, and related components. In addition, the company provides maintenance, repair, and overhaul services along with spare parts for aviation and military applications. During the May 14 episode, a caller asked if it was a good time to buy the stock, and Cramer replied:
Buy. GE is Larry Culp. I’ve been watching the stock go down, and I’m like, alright, come on, come on. And by the way, I’m going to throw in Boeing… down 11. Why? Because it was up in anticipation of a big order. I mean, you know what? I mean, look, stocks don’t go up and up and up, not real ones at least. And Boeing’s good, and GE’s good.
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