10 Best Jim Cramer Stocks to Buy Now

Published December 5, 2022 at 2:52 pm EST Updated August 31, 2026 at 11:58 am EDT

In this article, we will take a look at 10 best Jim Cramer stocks to buy now.

Jim Cramer is a famous TV personality who hosts the show Mad Money. He is also an anchor on Squawk on the Street. Before TV, Jim Cramer ran a hedge fund, Cramer Berkowitz, that did pretty well. In its 14 years, his hedge fund averaged annual returns of 24%.

In terms of his TV picks, Cramer hasn’t been as successful as his hedge fund as he often recommends many different stocks across the stock market. As such, it’s almost impossible for Cramer to be significantly above average. Investing successfully is more about swinging at good pitches rather than swinging at a ton of pitches. Nevertheless, Cramer can still be informative.

In terms of his picks, Jim Cramer has recommended many different stocks. Given blue chips have historically performed better in the long term, this article will focus more on Jim Cramer’s blue chip recommendations.

In terms of Jim Cramer’s recent commentary, he had the following comment about the market and his investing club, “Morgan Stanley’s Mike Wilson says he has seen enough of the rally, and he says it’s time to bail. There’s less than 2% upside at the high end of his year-end S&P 500 price target of 4,000 to 4,150. Stay with defensive stocks and utilities. The industrials have been carrying the market. I wrote about some of the hot old-school stocks lately and how we’re playing the sector for the Club.’

2022 has been a volatile year given the Federal Reserve has increased interest rates substantially to fight inflation. As a result of the interest rate increases, demand for many companies is lower than what it was before and broader market valuations have declined as capital has moved from equities to the Treasuries.

Although inflation is showing signs of potentially peaking, many investors believe the Federal Reserve will continue to raise rates further. If the U.S. central bank raises rates too much, the U.S. economy could enter into a recession next year and the fundamentals of even blue chips could weaken. There could be more downside if economic data fails to meet expectations. As such, it could be a good idea for long term investors to own a well diversified portfolio of stocks across many different sectors.

Methodology

For our list of 10 Best Jim Cramer Stocks to Buy Now, we picked 10 stocks with competitive advantages that Jim Cramer has recommended before.

We then ranked the 10 stocks based on the number of hedge funds in our database that held shares in the same stock at the end of the third quarter.

10 Best Jim Cramer Stocks to Buy Now

10. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 69

The Procter & Gamble Company is a consumer staple whose shares have declined around 8% year to date given the strong U.S. dollar and high inflation. Given the macroeconomic headwinds, Jim Cramer acknowledges The Procter & Gamble Company is ‘off its game’ but believes the conglomerate’s strength will be back.

In terms of expectations, analysts expect The Procter & Gamble Company’s EPS to be $5.82 per share in 2022, $5.81 per share in 2023, $6.23 per share in 2024, and $6.73 per share in 2025. Although a global recession could make 2023 earnings per share more difficult to achieve, The Procter & Gamble Company has had a long history of EPS growth over time and the company has substantial normalized earnings power in the long term. As of 2022, The Procter & Gamble Company has increased its annual dividend for 66 straight years.

Alongside Alphabet Inc. (NASDAQ:GOOG), Amazon.com, Inc. (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT), The Procter & Gamble Company is a stock that Jim Cramer has liked and that’s owned by many hedge funds in our database at the end of Q3 2022.

9. Goldman Sachs Group, Inc. (NYSE:GS)

Number of Hedge Fund Holders: 69

Goldman Sachs Group, Inc. (NYSE:GS) is a leading Wall Street bank whose shares Jim Cramer termed ‘a steal’ in the middle of January after the company’s earnings miss in Q4 2021.

While it didn’t do well for the last quarter of 2021, Goldman Sachs Group, Inc.’s Q3 2022 results were better. For the period, the bank reported EPS of $8.25 on revenue of $11.98 billion versus the consensus of $7.69 on sales of $11.41 billion. Annualized ROE was 11% while Goldman Sachs Group, Inc. ended the quarter with a book value per share of $308.22. Third quarter trading revenue was $6.2 billion.

Of the 920 hedge funds in our database, 69 were long Goldman Sachs Group, Inc. at the end of Q3, ranking the bank #9 on our list of 10 Best Jim Cramer Stocks to Buy Now.

8. NIKE, Inc. (NYSE:NKE)

Number of Hedge Fund Holders: 70

Given macroeconomic headwinds, sports clothing giant NIKE, Inc. (NYSE:NKE) stock has declined from around $165 in the beginning of the year to around $110 per share now. Despite the decline and NIKE, Inc.’s poor first quarter results, Jim Cramer commented that “I don’t think buying Nike here is that bad” in November when shares were below $100 per share.

To be fair, however, Cramer has also liked NIKE, Inc. when its stock price was higher than $110 too. Given its normalized earnings power, NIKE, Inc. still has earnings growth potential in the long term.

7. Union Pacific Corporation (NYSE:UNP)

Number of Hedge Fund Holders: 74

Union Pacific Corporation (NYSE:UNP) ranks #7 on our list of 10 Best Jim Cramer Stocks to Buy Now given 74 hedge funds in our database owned shares of the leading railroad at the end of September. Cramer is a fan of Union Pacific Corporation which he thinks is the best railroad. He said in January, “They’re forecasting strong volume growth, pricing gains that should outpace inflation, and better efficiency. Put it all together and Union Pacific should be able to throw off a ton of cash. Management promises to spend a lot of that money paying dividends and buying back stock, which is exactly what Wall Street likes to hear in an environment like this one.”

74 hedge funds in our database were long Union Pacific Corporation at the end of the third quarter.

6. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 85

Jim Cramer commented on Johnson & Johnson in October of this year, “I like the way J&J’s been trading over the last couple months, and after the quarter we saw this morning I think it is precisely the kind of stock that you need to buy as we head into 2023, which should be a much better year… J&J is a textbook recession-proof stock. … It’s exactly the kind of name you want to own when the Federal Reserve decides to slam the brakes on the economy.” Although Cramer does acknowledge that the strong dollar and cost inflation are headwinds, he thinks the issues will be less prominent next year.

85 hedge funds we track owned shares of Johnson & Johnson, ranking the stock #6 on our list of 10 Best Jim Cramer Stocks to Buy Now.

Like Johnson & Johnson, Alphabet Inc., Amazon.com, Inc., and Microsoft Corporation are stocks Jim Cramer has liked and that’s owned by many hedge funds in our database at the end of Q3 2022.

5. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 112

Entertainment conglomerate The Walt Disney Company (NYSE:DIS) is down nearly 36% year to date given macroeconomic headwinds. Nevertheless Jim Cramer likes the company saying recently, “Disney’s the defining story of the day. This is a good example of how you can stick with an iconic company … and make money when they bring in a better leader. And that’s exactly what I see happening as Iger takes the helm.”

In November, Bob Iger returned as the leader of The Walt Disney Company after the company reported disappointing fourth quarter results. 112 hedge funds we track owned shares of The Walt Disney Company at the end of Q3.

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 140

Apple Inc. (NASDAQ:AAPL) ranks #4 our list of 10 Best Jim Cramer Stocks to Buy Now given 140 hedge funds in our database owned shares of the tech giant at the end of Q3. In early October, Cramer said he thinks Apple Inc. is a great stock to own when shares were around the same price as they are now.

Apple Inc. has a strong ecosystem and a loyal customer base that has made the company the most valuable in the world. Although EPS growth will be harder given its size, Apple Inc. has spent a lot on stock repurchases in the past and will likely continue to do so in the future.

3. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 156

Alphabet Inc. is a leading internet search provider and the owner of YouTube. Although growth has slowed recently, Cramer has said “Google remains the best way to advertise” in the past. With its dominance in search and its world-class employees, Alphabet Inc. has the financial resources and the technological capability to create new products that could increase its EPS further in the future. Analysts expect the company to earn $4.74 per share in 2022, $5.29 per share in 2023, and $6.18 per share in 2024.

156 hedge funds in our database owned shares of Alphabet Inc. at the end of Q3.

2. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 269

Jim Cramer has recommended Amazon.com, Inc. in the past given the company’s strong Amazon Web Services cloud business which is still growing rapidly despite its large size. 269 hedge funds in our database also like the stock as they owned shares of Amazon.com, Inc. at the end of the third quarter.

Diamond Hill Capital Management commented on Amazon.com, Inc. in a Q2 2022 investor letter,

Amazon.com, Inc.’s shares underperformed as valuations of fast-growing companies continued to compress in Q2. Amazon’s growth investments over the past two years have pressured earnings as consumer demand has been weaker than anticipated. However, we believe the company will be able to grow into its infrastructure investments over time. These investments have obscured the magnitude of sustainable free cash flow as well as the attractive valuation of the business relative to peers.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 269

Microsoft Corporation ranks #1 on our list of 10 Best Jim Cramer Stocks to Buy Now given 269 hedge funds in our database were long shares of the software giant at the end of the third quarter. In late November, Jim Cramer said he thought Microsoft Corporation along with 9 other tech and software stocks could make a comeback after the U.S. central bank finished tightening the economy.

Baron Funds commented on Microsoft Corporation in a Q3 2022 investor letter,

Shares of Microsoft Corporation pulled back with the overall software industry on the back of macroeconomic issues, including inflation concerns and rising interest rates. The company reported another strong quarter, highlighted by total revenues growing 16% on a constant currency basis and Microsoft Cloud revenues, now 48% of total sales, growing 33%, with Azure (Microsoft’s infrastructure cloud) growing 46%. These results were driven by strong demand for large commercial cloud contracts, as more businesses are standardizing on Microsoft’s platform and the company is signing larger and longer deals. Initial fiscal year 2023 guidance calls for healthy double-digit revenue and operating income growth. Both foreign exchange and personal computer headwinds were contemplated in the guidance and have continued to worsen, but we have conviction in the company’s strong competitive positioning, durable growth drivers, and margin expansion opportunity over the mid- to long term.

You can also take a look at 15 Biggest Banks In The World and Ken Griffin Stock Portfolio: Top 10 Stock Picks.

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