5 Stocks Jim Cramer Is Recommending

1. Global Payments Inc. (NYSE: GPN)

Number of Hedge Fund Holders: 62     

Global Payments Inc. (NYSE: GPN) is ranked first on our list of 10 stocks Jim Cramer is recommending. The firm is based in Georgia and markets payments technology and software solutions. Cramer talked about the stock in the lightning round of his show earlier this week, saying in response to a viewer question that he thought the stock was trading at a discounted price and that the management of the firm was very smart, noting that the CEO of the firm had impressed him and he would pick the stock up. Here is what he said:

“I think it’s a good discount to buy the stock. I think these guys are very, very smart guys, and I saw a giant insider buy by the CEO, whom we’ve had on the show and is very smart. I think this is a good level. I would pick some up.”

On August 5, investment advisory BMO Capital upgraded Global Payments Inc. (NYSE: GPN) stock to Outperform from Market Perform with a price target of $206, noting that the shares of the firm overreacted to conservative guidance numbers recently. 

Out of the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm Lone Pine Capital is a leading shareholder in Global Payments Inc. (NYSE: GPN) with 4.2 million shares worth more than $855 million.  

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