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.
18. Pool Corporation (NASDAQ:POOL)
Pool Corporation (NASDAQ:POOL) was among the stocks Jim Cramer discussed in this changing market. A caller was bullish on the stock and asked for Cramer’s opinion. He replied:
Pool needs more housing turnover, and we can’t get that… You know… I’m in the Home Depot for the Charitable Trust. I need to housing turnover. I don’t need to go to the Pool. It’s way too deep.
Pool Corporation (NASDAQ:POOL) distributes swimming pool equipment, maintenance chemicals, building materials, irrigation systems, and outdoor living products like grills and hot tubs. Parnassus Investments stated the following regarding Pool Corporation (NASDAQ:POOL) in its fourth quarter 2025 investor letter:
We moved on from Pool Corporation (NASDAQ:POOL), the leading pool supplies distributor, as the stock’s valuation continues to be higher than other distributors’ despite the prolonged downturn in the pool market. We exited Pool Corp. as we felt its valuation was too high for its growth profile due to sluggish end-market demand for new pools.
17. Bentley Systems, Incorporated (NASDAQ:BSY)
Bentley Systems, Incorporated (NASDAQ:BSY) was among the stocks Jim Cramer discussed in this changing market. A caller inquired after Cramer’s thoughts on the stock, and here’s what he had to say:
Oh no, that’s software, the kind of software that’s being disrupted by the artificial intelligence world. We have to say ixnay on the Bentley.
Bentley Systems, Incorporated (NASDAQ:BSY) provides infrastructure engineering software, including open modeling, simulation, and geoprofessional applications for subsurface conditions. Moreover, it offers infrastructure cloud services and digital representation platforms for architects, engineers, city planners, and contractors. When a caller inquired about the stock during the April 1 episode, Cramer responded:
Okay, this is one of those that I’ve gotta tell you… It should work theoretically, but you know how people feel if it’s a software company. They think it can be disintermediated by AI, and there’s just no turning back. They’re not going to let it go up. So, I’m going to have to say no.
16. Mattel, Inc. (NASDAQ:MAT)
Mattel, Inc. (NASDAQ:MAT) was among the stocks Jim Cramer discussed in this changing market. During the episode, a caller sought Cramer’s opinion on the stock, and he said:
Okay, the stock’s down 25%. I don’t know about any merger. I don’t know if they, if someone wants to take them private, I’ll say this: Ynon Kreiz is doing a good job. People don’t like the toy business right now. It sells at 11 times earnings. I agree with you. I think the stock should be bought. I think it’s bottoming here. I think you have a good one. I like Mattel at these levels.
Mattel, Inc. (NASDAQ:MAT) creates and sells toys, games, and media content featuring famous brands like Barbie and Hot Wheels. Cramer mentioned the stock during the March 11 episode and commented:
Okay, what needs to happen for the stock of Mattel to turn itself around? About a month ago, the iconic toy maker reported what people thought was a disappointing quarter. Stock plunged roughly 25% the very next day. Management said replenishment orders from retailers in the United States slowed in December, which led both Mattel and its retail partners to clear inventory more aggressively. That put pressure on the gross margins going into the holidays. Now, Mattel’s asking investors to think about 2026 differently. They see this as an investment year where they’ll spend an extra $150 million on organic growth initiatives, I like that, especially their digital games business. I really like that.
15. Lowe’s Companies, Inc. (NYSE:LOW)
Lowe’s Companies, Inc. (NYSE:LOW) was among the stocks Jim Cramer discussed in this changing market. Cramer discussed the stock’s performance in light of interest rates, as he remarked:
Finally, let’s talk about the legitimate disappointments, and this is tough; it was Home Depot and Lowe’s. Now, we know interest rates have been rising, and that’s a nightmare for these home improvement chains… Now, Lowe’s has been performing better than its rival largely because it’s got more exposure to do-it-yourself consumers than professional contractors. Lowe’s had tepid same-store sales, but its total revenue jumped 10% year over year. Earnings went up 4%. Perhaps, Wall Street’s gotten used to this. The company’s doing so much better than anybody expected. And while Home Depot is always, well, Home Depot’s supposed to do badly, so it rallied because it wasn’t as horrible. So, given the macro headwinds, Lowe’s doing nothing in this environment, I’m still calling it a win.
Lowe’s Companies, Inc. (NYSE:LOW) is a home improvement retailer that sells tools, appliances, building materials, and decor for all kinds of projects, from repairs to remodels. In addition, the company provides installation, repair, and design services.
14. The Home Depot, Inc. (NYSE:HD)
The Home Depot, Inc. (NYSE:HD) was among the stocks Jim Cramer discussed in this changing market. Cramer mentioned the stock while discussing “legitimate disappointments,” as he commented:
Finally, let’s talk about the legitimate disappointments, and this is tough; it was Home Depot and Lowe’s. Now, we know interest rates have been rising, and that’s a nightmare for these home improvement chains. We own Home Depot for the Charitable Trust. I was honestly bracing for the worst here, but even though the numbers were not good, the stock held up surprisingly well. It feels like it’s bottomed, actually rallied in response; expectations were so low. Still, the numbers were not encouraging. Home Depot posted a very modest top and bottom line beat, and same-store sales were up just 0.6%. That’s below expectations and below my expectations.
Management also reiterated the full-year forecast, which felt like a win given the economic backdrop. They also noted that early May was pretty good. I think that saved the stock. But in the end, CEO Ted Decker acknowledged that Home Depot needs a strong housing market in order to thrive, and you can’t have that without lower rates. We do not have a strong housing market.
In the end, we own Home Depot for the Charitable Trust as a hedge against the possibility of rate cuts by the Federal Reserve, which I still believe will happen. Without rate cuts, the stock will probably hurt you. But as I said in today’s Investing Club call… if the Fed actually cuts and I sold Home Depot beforehand, I’m going to be kicking myself for years, okay?
The Home Depot, Inc. (NYSE:HD) is a home improvement retailer that sells tools, building materials, and decor. Furthermore, the company provides installation and equipment rental services.
13. Target Corporation (NYSE:TGT)
Target Corporation (NYSE:TGT) was among the stocks Jim Cramer discussed in this changing market. Cramer called the company’s post-earnings decline “excessive,” as he said:
Now, let’s talk about the retailers that were, I don’t know, let’s call them more or less okay, Walmart and Target. I hesitate to call these quarters bad, but they clearly, you know, the market didn’t like them… And Target dropped 3.9% last Wednesday, even though it bounced the next day. I don’t think it’s so bad, but I think, let’s put it this way, I think the declines were excessive… Investors didn’t like that Target quarter much either, despite the fact that Target delivered what I thought was a very healthy top and bottom line beat with 32% earnings growth. Same-store sales up 5.6%; analysts were only looking for 2.4%.
They even raised their full-year revenue growth outlook from 2 to 4% and said that earnings should come in near the high end of their previous forecast. To me, that was a home run and a buy, so I’m not entirely sure why… it sold off in response to the quarter. Still, it’s a turnaround story that’s clearly headed in the right direction. Plus, Target trades at just 15 times this year’s earnings estimate, 3.6% dividend yield. You buy it, okay? You buy it.
Target Corporation (NYSE:TGT) is a retailer that sells clothing, beauty items, groceries, electronics, home goods, and everyday essentials.
12. Walmart Inc. (NASDAQ:WMT)
Walmart Inc. (NASDAQ:WMT) was among the stocks Jim Cramer discussed in this changing market. Cramer noted that the company is “fine” in the long run, as he stated:
Now, let’s talk about the retailers that were, I don’t know, let’s call them more or less okay, Walmart and Target. I hesitate to call these quarters bad, but they clearly, you know, the market didn’t like them. Wall Street took a look at Walmart’s numbers and decided to sell the stock hard. It tumbled 7.2% in response last Thursday… I don’t think it’s so bad, but I think, let’s put it this way, I think the declines were excessive. Walmart matched expectations for U.S. same-store sales, up 4.1%. Eked out a small revenue beat. Delivered inline earnings, which were up 8% year over year.
Walmart also declined to raise its full-year forecast, which sat below Wall Street’s estimates. Management argued that even reiterating their previous forecast should be seen as a positive, given the impact of higher fuel prices. But they also talked about the new pressure on the consumer. We don’t want to hear that. And that’s how we ended up with a negative reaction to the quarter. Doesn’t help that Walmart’s pretty expensive relative to its growth rate. In the long run, though, look, I think Walmart’s fine. I see the pullback [as a] rare buying opportunity.
Walmart Inc. (NASDAQ:WMT) operates retail stores, warehouse clubs, and online platforms that sell groceries, everyday essentials, home goods, apparel, electronics, and more.
11. Ralph Lauren Corporation (NYSE:RL)
Ralph Lauren Corporation (NYSE:RL) was among the stocks Jim Cramer discussed in this changing market. Cramer highlighted that the company posted a “blowout quarter,” as he commented:
Now, let’s talk about the second clear winner among the major retailers, and it’s one that I really, really like, that I’m so glad they delivered, which is Ralph Lauren. Now, these guys delivered just a true blowout quarter. 17% revenue growth translated into a 25-cent earnings beat off a 2.55 basis. Even better, Ralph Lauren posted 17% direct to consumer comparable store growth. Wall Street was only looking for 8.5%. The brand, it’s on fire. In fact, Ralph Lauren’s been roaring for several years now under CEO Patrice Louvet. The company’s merchandising has been excellent.
They keep taking a share in new categories like women’s apparel, accessories. They’ve also built this really strong DTC business. On top of that, management gave us a robust full-year forecast. The stock had pulled back pretty hard in the weeks before the quarter, but it snapped back last Thursday. It rallied nearly 14% in response, now within spitting distance of its all-time highs. Remember, I like strength, like I said at the top of the show.
Ralph Lauren Corporation (NYSE:RL) designs and sells apparel, footwear, accessories, home products, and fragrances across multiple luxury and lifestyle brands.
10. The TJX Companies, Inc. (NYSE:TJX)
The TJX Companies, Inc. (NYSE:TJX) was among the stocks Jim Cramer discussed in this changing market. Cramer commented on the company’s latest earnings, as he said:
Last week, we reached the part of the earnings season where we hear from the big retailers, and so far, calling it a mixed bag. Rather than taking them in chronological order, I want to go by the quality of the numbers. At this point, we’ve heard from six major retail chains. Two are legitimately strong, two are okay, two are disappointing. Let’s take them from best to worst… The best so far was TJX. That’s that off-price kingpin that you know as TJ Maxx, Marshalls, maybe the very popular HomeGoods as well as being a long-time holding for my Charitable Trust. I’ve owned this one for ages. TJX delivered a robust top and bottom line beat with a 6% same store sales growth. Wall Street was only looking for 4.1%. HomeGoods was up 9%. Overall, they had 9% revenue growth and reported a 17-cent earnings beat… Do you know that represents 29% earnings growth? Stellar numbers.
TJX also raised its full-year forecast across the board, and it raised its buyback by a quarter billion dollars. When the consumer’s feeling nervous about the economy, they flock to the off-price chains, and nobody does off-price better than TJX. No wonder the stock jumped 5.7% last Wednesday in response to that quarter. Hey, by the way, Ross Stores is the next best off-price play, they also put up a great set of numbers last Thursday. We hear from the third major player in the group, Burlington Stores, tomorrow morning, should be good.
The TJX Companies, Inc. (NYSE:TJX) sells off-price apparel, footwear, accessories, and home goods. The company offers a wide range of merchandise, including clothing, beauty items, furniture, decor, kitchenware, and seasonal products.
9. Snowflake Inc. (NYSE:SNOW)
Snowflake Inc. (NYSE:SNOW) was among the stocks Jim Cramer discussed in this changing market. Cramer praised the company’s latest earnings results, as he remarked:
We finally got some ironclad proof that AI displacement worries simply don’t apply to some software companies. Look at Snowflake. This company shot the lights out after the bell, reporting a 7-cent earnings beat off a 32-cent basis with higher than expected revenue, up 33% year-over-year. Their remaining performance obligation, up 38%. Their AI business in particular is booming. Even better, management gave very strong guidance for both the current quarter and the full year, which is why the stock is flying in after-hours trading… The stock is flying as it should be… Everybody should understand, this is one that has transversed where the software companies are going. It’s finally where the money is, and the growth is, and that’s what matters. Snowflake has it; I wish others did, too.
Snowflake Inc. (NYSE:SNOW) provides a cloud platform that helps organizations pull their data into one place so they can analyze it, build data apps, share information, and use AI to solve business challenges.
8. Salesforce, Inc. (NYSE:CRM)
Salesforce, Inc. (NYSE:CRM) was among the stocks Jim Cramer discussed in this changing market. Cramer highlighted the company’s stock buyback, as he commented:
What do we make of these numbers from Salesforce, the cloud software kingpin with a stock that’s been under pressure for well over a year from AI worries? After the close today, Salesforce reported a strong set of numbers. Revenue growth reaccelerated, coming in higher than expected. They posted a very big earnings per share beat, though most of that was from a bountiful $27 billion buyback. But the stock couldn’t get the traction in after-hours trading, possibly because the remaining performance obligation, sort of like the backlog, came in light, fueling fears that Salesforce might be having trouble signing customers to longer contracts, even as… I think they would beg to disagree. There’s a lot to consider here, especially with the stock so far off its highs and a buyback that’s one of the biggest in the entire market.
Salesforce, Inc. (NYSE:CRM) provides CRM-focused tools that help businesses manage customer interactions, use AI agents, analyze data, collaborate, and run marketing, commerce, and field service operations.
7. ServiceNow, Inc. (NYSE:NOW)
ServiceNow, Inc. (NYSE:NOW) was among the stocks Jim Cramer discussed in this changing market. A caller inquired whether now is the time to buy the stock, noting that the multiple is down and that Cramer respects CEO Bill McDermott. He replied:
I think the stock is bottoming. I don’t think that it’s going to have a huge year because I do think that in the end, people want hardware. But I mean, do I agree that Bill McDermott’s going to do a good job? I think the stock is, again, I mean, there’s upside, but I feel there’s a little bit upside in some of the other softwares, too. But what I really want to be in is hardware because that is what’s moving in this new era of artificial intelligence, accelerated computing and just amazing opportunity.
ServiceNow, Inc. (NYSE:NOW) provides a cloud platform that supports digital workflows through AI, automation, low-code tools, analytics, and a suite of IT, security, customer service, and employee experience products.
6. Sandisk Corporation (NASDAQ:SNDK)
Sandisk Corporation (NASDAQ:SNDK) was among the stocks Jim Cramer discussed in this changing market. Cramer mentioned the stock during the episode and said:
Look, there’s just too much opportunity out there to hold on to stocks that refuse to budge. So the lesson here is that if you think a stock’s headed higher, don’t use where the stock has come from as an excuse not to buy. Notice, I’m not even including the wow ones: Micron, Western Digital, Seagate, Sandisk. I’m not talking about those. I’m talking about the more easily attainable. Those ones are just incredible. Obviously, I missed those. People have made billions in those stocks.
Sandisk Corporation (NASDAQ:SNDK) sells NAND flash-based storage solutions, including solid-state drives, embedded storage, removable cards, and USB drives. Cramer shared his thoughts on the company during the May 6 episode, as he commented:
Right now, I think some people are getting the message at last that the computing AI revolution represents perhaps the greatest single trend of our lifetimes. Yet all I ever hear is people trying to talk you out of participating in this Manna from heaven machine. It’s too hard to stick with the winners long enough to make yourself rich because the critics always talk about how ephemeral the moves are, how dangerous they can be, or how much you’re going to lose if you don’t trade in and out. Like you can really catch those moves.
I say, no way. Consider this: If you put 10 grand into NVIDIA a decade ago, it’d be worth roughly, I don’t know, $2.4 million. How about that? But who had the fortitude to stick with this one for an entire decade? Sandisk, Western Digital, Micron, they’re all making you so much money, so was the… AMD, 66 points today. Yet there’s a whole cottage industry that exists just to scare you out of these winners. Today, it was the discussion of the gains in the data center stocks and how ephemeral they’ll be.
While we acknowledge the potential of SNDK 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 SNDK and that has 100x upside potential, check out our report about the cheapest AI stock.
Click to continue reading and see 5 Stocks Jim Cramer Discussed in This Changing Market Including Dell and Microsoft.
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