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.
16. Strategy Inc (NASDAQ:MSTR)
Strategy Inc (NASDAQ:MSTR) 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. Inquiring about the stock, a caller noted they have a large position and highlighted that it has been down over the last couple of months. Cramer replied:
Well, I’ll tell you, here’s the problem. I am a huge believer in crypto, but I like the actual. I don’t want the double down, and I can only recommend Bitcoin. I own Bitcoin, and I do think it’s a buy right here for the long term.
Strategy Inc (NASDAQ:MSTR) provides investors with exposure to Bitcoin through a mix of equity and fixed-income securities. In addition, the company offers AI tools that help businesses understand their data and make better decisions. Cramer showed a similar sentiment about the stock during the May 1 episode, as he remarked:
There will be plenty of proselytizing when we hear from Strategy that used to be MicroStrategy… The firm run by Michael Saylor is primarily just, he just buys Bitcoin and nothing else. You know what I say? You want to own Bitcoin? Buy Bitcoin.
15. Nokia Oyj (NYSE:NOK)
Nokia Oyj (NYSE:NOK) 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. A caller asked about the stock during the lightning round, and here’s what Cramer had to say:
You know what? This is one that it turns out to have, it’s got some AI, so people are going crazy for it, and it’s got the 6G AI. I’m not close enough, but I know that people who are very smart tell me to buy it. That’s not a good way to recommend things, but that’s what I hear, so I’m giving you what I hear.
Nokia Oyj (NYSE:NOK) develops mobile, fixed, and cloud network solutions, including 5G, optical, and IP network technologies. During the May 11 episode, a caller inquired about the stock, and Cramer responded:
Wow, okay, it’s in the data center. It’s considered to be part of, the cloud part of that… layer cake that I gave you, and it’s just also got a great defense contract. So it’s got the cloud, and it’s got defense. What can I say? It’s a buy.
14. SELLAS Life Sciences Group, Inc. (NASDAQ:SLS)
SELLAS Life Sciences Group, Inc. (NASDAQ:SLS) 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. Responding to a caller’s question about the company, Cramer stated:
Oh, this life science company that is, look, okay, so this is a good example. This stock’s up a great deal, alright? And you know, it’s losing a little money. It’s a great spec, and even though it’s up, I used to say, you know, I can’t touch it. I used to say that. I can’t do that right now, I can’t. I’m going to say two thumbs up or whatever to SLS. It. It’s that kind of market.
SELLAS Life Sciences Group, Inc. (NASDAQ:SLS) is a clinical-stage company focused on creating new treatments for cancer, specifically targeting the disease with its main product candidates, galinpepimut-S and SLS009. To advance these treatments forward, the company partners with major names like Merck, GenFleet Therapeutics, and Memorial Sloan Kettering Cancer Center for clinical trials and development.
13. MNTN, Inc. (NYSE:MNTN)
MNTN, Inc. (NYSE:MNTN) 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. Answering a caller’s query about the stock, Cramer said:
Look, I’ve looked into this thing. I think it’s actually valuable property, but I’ve been dead wrong on it. So you can just say to me, oh my god, Cramer’s doubling down. He’s been dead wrong. I thought there was value here, and it’s a profitable company. What can I say? I don’t mind it.
MNTN, Inc. (NYSE:MNTN) provides a technology platform that simplifies performance marketing on Connected TV. The company’s tools enable brands to run TV ads efficiently and drive measurable conversions, revenue, and engagement. During the lightning round of the January 14 episode, a caller inquired about the stock, and in response, Cramer commented:
I initially said it was good, then… was able to retract that, thank heavens. This stock is just awful. I cannot believe. I mean, they gotta make… They have to make money, or else it won’t turn around. It came public at a very exciting time, and it is going lower without earnings per share.
12. EchoStar Corporation (NASDAQ:SATS)
EchoStar Corporation (NASDAQ:SATS) 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. When a caller inquired about the stock during the lightning round, Cramer remarked:
Not my expertise. That happens to be my partner, David Faber. I’m not going to speculate on something that I am not as good at as David.
EchoStar Corporation (NASDAQ:SATS) provides networking technologies and communications services, including satellite television, streaming video, wireless connectivity, broadband access, and 5G infrastructure. During the April 6 episode, a caller asked Cramer if the company was a suitable proxy for SpaceX. The Mad Money host responded:
I gotta tell you, I think it is. It’s moved so much, but I still think it is a great proxy, and I’m going to hand it to you for actually even thinking it through.
11. QXO, Inc. (NYSE:QXO)
QXO, Inc. (NYSE:QXO) 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. Noting that Cramer is a big fan of the company’s CEO, a caller inquired about his thoughts on the stock. He said, “You buy QXO here. We got a new Fed chief, and I think interest rates have peaked.”
QXO, Inc. (NYSE:QXO) supplies roofing, waterproofing, and building materials, including siding, insulation, and construction accessories. Cramer was asked about the stock during the April 27 episode, and he replied:
Oh, okay, Brad’s a winner. Brad is going to make a series of acquisitions that are going to make it into a great home building, let’s say clearing house place with just lots of different warehouses, lots of different stuff all over the country. And when rates start coming down, this stock is going to go from $20 to $30. You want to be with Brad Jacobs, not against him.
10. Joby Aviation, Inc. (NYSE:JOBY)
Joby Aviation, Inc. (NYSE:JOBY) 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. Starting the lightning round, a caller asked for Cramer’s thoughts on the stock, and he replied:
Joby is a terrific spec. I have to tell you, I also like some of the drone companies you’ll see at the top of the show. I think those may even be better specs because of the president’s predilection for investing in drone companies.
Joby Aviation, Inc. (NYSE:JOBY) designs and makes electric vertical takeoff and landing aircraft for use in aerial ridesharing. The company is also developing a related app. Answering a caller’s query during the April 27 episode, Cramer remarked:
The problem with Joby, it’s way too risky. If you’re just starting out, I want you to be in something that could actually go up over time, and you don’t feel like you get disgusted if it drops real quick. That’s what could happen with Joby. Let’s be careful out there.
9. Hinge Health, Inc. (NYSE:HNGE)
Hinge Health, Inc. (NYSE:HNGE) 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 highlighted the company’s latest earnings and the following market reaction, as he commented:
Earlier this month, we got a phenomenal quarter from Hinge Health, which is a digital AI-powered physical therapy platform where you get your care via an app rather than in person. This company came public a year ago, remember, I told you it was going to be terrific. It rallied hard in the early months. It started to languish late last year, earlier this year, but then Hinge reported two and a half weeks ago, and it delivered a true blowout set of numbers.
Revenue up 47% year over year, much better than expected margins… I couldn’t believe they could make this much, and healthy earnings beat. Management also issued strong guidance for the current quarter and raised their full-year forecast substantially. In response, then correctly, the stock jumped 10% single session. Since then though, here’s the opportunity, trading sideways.
Hinge Health, Inc. (NYSE:HNGE) develops digital health software focused on musculoskeletal care, covering injury recovery, chronic pain management, and post-surgical rehabilitation.
8. Applied Materials, Inc. (NASDAQ:AMAT)
Applied Materials, Inc. (NASDAQ:AMAT) 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 was bullish on the stock during the episode, as he stated:
We have had an unstoppable bull market in the semiconductor capital equipment makers because the great data center build-out has caused shortages everywhere, all kinds of essential chips. Naturally, that’s fabulous for companies that make the hardware you need to manufacture chips itself, companies like Applied Materials, long my favorite, a stock that’s up 75% year to date.
Two weeks ago, they reported a terrific quarter, robust top and bottom line beat, with the company’s highest gross margin in 25 years. The guidance for the current quarter was even better. Management raised their full year forecast, saying the semiconductor equipment business should go up by more than 30%. That’s up from 20% from the previous forecast. And look, as long as all sorts of chips are in short supply, I’m betting Applied Materials will just keep winning.
Applied Materials, Inc. (NASDAQ:AMAT) provides equipment, software, and services that help manufacturers produce semiconductors and other electronic devices.
7. Wynn Resorts, Limited (NASDAQ:WYNN)
Wynn Resorts, Limited (NASDAQ:WYNN) 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. A caller sought Cramer’s opinion on the stock during the episode. In response, he commented:
If it weren’t for its commitment, which I admire, to a Gulf property, to Dubai, I would say that this thing should be at 120, 140, especially, I’ve gotta tell you, I don’t know if you saw the news about Tilman Fertitta buying that, the Caesars. But I think that Vegas is great, but Wynn does have that property, and I think that makes it a very difficult investment.
Wynn Resorts, Limited (NASDAQ:WYNN) designs and operates luxury integrated resorts that include casino spaces, high-end hotel accommodations, and diverse entertainment attractions. These properties offer a variety of amenities, including fine dining, retail shops, convention facilities, and specialized leisure experiences like spas and nightclubs. A caller asked for Cramer’s advice on the stock during the May 14 episode, and he responded:
Yeah, they got that, you know, they got a problem over there in the Gulf. They got this big… deal that they spent a lot of money on, and I gotta hold off for now. I gotta wait to see what happens in that area.
6. Ford Motor Company (NYSE:F)
Ford Motor Company (NYSE:F) 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. Inquiring about the stock, a caller mentioned that they took 20% “off the top” and asked if they should sell the rest of their position. Cramer replied:
You’re doing it perfectly. In this market, that Ford story, which should have been crushed about three weeks ago, is still making it go higher. So you’re taking some off, so you have, are not going to be able to be a loser. You’ll be a winner, and I congratulate you for going right back in. You know, Ford is on a parabolic move. You took some off, that’s perfect.
Ford Motor Company (NYSE:F) sells Ford and Lincoln vehicles, including trucks, SUVs, cars, hybrids, and EVs. The company also provides parts, digital services, and financing solutions. During the May 11 episode, a caller noted that they have a position in the stock, and Cramer replied:
Alright, Ford is very hard to own because they got warranty problems, and we got a war on, and rates don’t seem to be going lower, so I’m going to have to take a pass on that one.
While we acknowledge the potential of F to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than F and that has 100x upside potential, check out our report about the cheapest AI stock.
Click to continue reading and see 5 Stocks on Jim Cramer’s Radar: Snowflake, Micron, and Palantir.
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