In this article, we will look at the stocks Jim Cramer discussed in this changing market. The host of CNBC’s Mad Money said Wednesday that investors need to stop obsessing over where a stock has already traded and pay closer attention to where it may be headed next, which can help people stay invested in the market’s biggest winners.
You can’t worry about where a stock’s been, just focus on where it’s going. That’s becoming my watchword for this explosive market. You need to be extremely flexible, more than you might like to be. You can’t pass up on a good stock just because it’s moved up beyond where you thought it could go. You’re liable to miss a score of a lifetime. That feels like the takeaway from what you see every day around here.
READ ALSO Jim Cramer Talked About 17 Stocks Like Amazon and Meta and the Trillion Dollar Club and 5 Stocks on Jim Cramer’s Radar: NVIDIA, Astera Labs, and V.F. Corporation
Cramer also said that he was disappointed in himself in his role as manager of the Charitable Trust and as someone who teaches people how the market operates. He admitted that he felt he had not delivered enough value recently. While he noted that he and Jeff Marks have picked several major winners, he also acknowledged that they failed to capitalize on other significant gainers that continued climbing.
So here’s a brutal bottom line: Tech stocks that haven’t moved in this environment probably do not represent value. They represent value traps. Don’t think about where the stock has been, because if you do, you’ll own Microsoft instead of Marvell, or Micron, or Arm, or Dell, and so many others that have moved. But they will likely keep going higher. Why? Because they’re crushing expectations. They’re out executing the competitors, and they’re cleaning up in this new era of artificial intelligence, the dominant theme of what perhaps may be a lifetime.
Our Methodology
For this article, we compiled a list of 20 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on May 27. 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).
20 Stocks Jim Cramer Discussed in This Changing Market Including Sandisk and TJX
20. Micron Technology, Inc. (NASDAQ:MU)
Micron Technology, Inc. (NASDAQ:MU) was among the stocks Jim Cramer discussed in this changing market. Cramer discussed whether the stock can still be bought here, as he stated:
You want a stunning fact? It took 490 days for NVIDIA stock to go from $500 billion market cap to a trillion. It took 48 days for Micron to make that exact same journey. That’s bonkers… But when you take the story apart, the action of Micron actually makes sense… How do you explain the action? First, you have to understand what Micron really trades on: three factors. One is demand. Here it’s insatiable because Micron makes high-bandwidth memory, exactly the kind of hardware that the data center desperately needs. Two, there’s a huge shortage of high-bandwidth memory chips…
Three, because almost nobody saw this shortage coming, there aren’t enough machines that can manufacture more chips… Still, Micron at a trillion dollars is hard to get your head around because historically, this has been a savagely boom-and-bust industry. The peak for this kind of stock typically comes when new production capacity gets added, bringing the memory chip market back into equilibrium. It hasn’t happened yet because it’ll take a long time to manufacture enough machinery. So we never got the peak… We don’t know when it’s going to come… Can you still buy it here? It depends. If there’s no new machinery coming online to make memory, then yeah, and I don’t see any.
Micron can keep flying, but my discipline tells me I just can’t do it. At this point in the rally, even I have to say I missed it. Sooner or later, I know that new capacity is going to come on. I don’t want to walk headfirst into the buzzsaw, even if it means I miss some upside ahead of time. But others don’t share my discipline; they’ve been right. As I told the investing club, though, I simply don’t think Micron is worth the risk up here… If Micron pulls back hard, it’s another story.
Micron Technology, Inc. (NASDAQ:MU) develops memory and storage solutions, including DRAM, NAND, and SSD products, under the Micron and Crucial brands.
19. Realty Income Corporation (NYSE:O)
Realty Income Corporation (NYSE:O) was among the stocks Jim Cramer discussed in this changing market. Toward the end of the lightning round, when a caller inquired about the stock, Cramer remarked:
I like that idea. You got a nice dividend. I think it’s going to go higher. That’s a terrific situation, and you got horse sense.
Realty Income Corporation (NYSE:O) provides real estate capital to major companies and manages a large portfolio of commercial properties. The company also offers consistent monthly dividends and has a long history of increasing these payments. Cramer showed a bullish sentiment toward the stock during the March 9 episode, as he commented:
Even at this crazy moment, it’s been a good year for Realty Income, letter O, the real estate investment trust that mostly owns retail properties… It’s been diversifying itself lately. The stock is up 15% year-to- date with a nearly 5% dividend yield. Now, some of that’s because Realty Income has made a push into industrial, gaming, and data center properties while also moving into Mexico.
When they reported their most recent quarter a couple of weeks ago, the results were in line with expectations. But the full-year forecast with average funds came in just a tad light. Still, the market seemed to like what Realty Income is building here. I don’t blame them, even if it might take time for some of these investments to pay off. I like what I see.… It’s a very exciting situation. I just like [that it] gives you, the safe monthly dividend go up over time, but now you get very good outperformance and get that safe monthly dividend.
