In this article, we will look at the stocks on Jim Cramer’s radar as he cautioned that SpaceX could blow past its opening price. The host of CNBC’s Mad Money said on Thursday that exceptionally strong demand for SpaceX shares could push the stock to unsustainable levels once trading begins.

Today was the day you found out… allocation for SpaceX, and you could see the market starting to levitate early on as we began to hear that the deal was tight as a drum. When you think about IPOs, consider them in the context of Goldilocks and the three bears. You don’t want the deal too cold because then it blows up in your face. You don’t want it too hot where you have meaningless gunners in there that will send the stock to the stratosphere and flip it at the opening. You want it to be just right. Now, what’s just right? Where the stock is a little bit above… [the] deal price. If it’s at $135, you want the stock to go to about $140, maybe $142. Meanders higher, perfect, no runaway freight train.

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Cramer said that while heavy investor interest is often seen as a positive sign, excessive enthusiasm can create risks of its own. He said he is especially concerned about inexperienced investors entering market orders instead of limit orders. He mentioned that if a large number of buyers were to rush into the stock at the same time, SpaceX could briefly reach a valuation comparable to that of the world’s largest publicly traded companies.

Can a $4 to $5 trillion stock really be at hand? For a few minutes, perhaps, just as long as it takes to gaff a marlin. The bottom line… That’s a terrific catch, but if it isn’t stuffed and mounted fast, guess what? It ends up stinking to high heaven.

Our Methodology

For this article, we compiled a list of 6 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on June 11. 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. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).

6 Stocks on Jim Cramer’s Radar and His Caution Regarding SpaceX IPO

6. Chevron Corporation (NYSE:CVX)

Chevron Corporation (NYSE:CVX) was one of the stocks on Jim Cramer’s radar as he cautioned that SpaceX could blow past its opening price. Cramer discussed the stock in light of the President’s comments, as he said:

If you’re wondering why we don’t make investing decisions based on what the President says about the war, it’s because when he does, we get buried. He says that talks are going well? You know what? Go buy Chevron because that probably means the talks are going to go wrong. He says that things are going badly? That means you sell Chevron because it means that things are probably going to improve. Rarely has there been a more consistent strategy, and don’t the Iranians know it.

Chevron Corporation (NYSE:CVX) is an integrated energy company that explores, produces, refines, and markets oil, natural gas, and petrochemical products. During the May 12 episode, a caller mentioned their wish to start a position in the stock but was not sure yet. In response, Cramer commented:

No, you’re absolutely right to do Chevron. The one thing I would tell you is that the last time that oil was at these prices, Chevron was dramatically higher, but you do get a 3.8% yield, and they have great cash flow. And Mike Wirth is running it, and I’m going to say pull the trigger. I like it.

5. Microchip Technology Incorporated (NASDAQ:MCHP)

Microchip Technology Incorporated (NASDAQ:MCHP) was one of the stocks on Jim Cramer’s radar as he cautioned that SpaceX could blow past its opening price. A caller mentioned that they bought “half a position” in the stock, and asked whether they should add more. Cramer replied:

It’s good. That’s industrial internet. I think it’s terrific. I think you should buy the other half, frankly. I think it’s a good one.

Microchip Technology Incorporated (NASDAQ:MCHP) produces secure embedded control solutions, including microcontrollers, microprocessors, analog components, and memory hardware. In addition, it licenses its proprietary flash memory technologies and provides contract manufacturing, wafer foundry, and engineering services. Madison Investments stated the following regarding Microchip Technology Incorporated (NASDAQ:MCHP) in its fourth quarter 2025 investor letter:

We sold two holdings, Trex and Microchip Technology Incorporated (NASDAQ:MCHP). Microchip Technology is one of the leading analog and microcontroller companies, benefiting from long product lifecycles and diverse end markets. Microchip struggled with supply chain challenges over the past 24 months as lengthening production lead times led to customer over-ordering. The company’s founder, Steve Sanghi returned to the CEO role this past summer and has been successful in reducing excess inventory and positioning the company for a recovery in market share. We are encouraged by Steve’s action plans, but as the stock’s valuation has recovered, we elected to sell our small stake.

4. Fluence Energy, Inc. (NASDAQ:FLNC)

Fluence Energy, Inc. (NASDAQ:FLNC) was one of the stocks on Jim Cramer’s radar as he cautioned that SpaceX could blow past its opening price. Answering a caller’s query about the stock, Cramer said:

When is Fluence going to make money?… It’s got to make money, and that’s why it is not going higher.

Fluence Energy, Inc. (NASDAQ:FLNC) sells integrated hardware and optimization software solutions for renewable energy storage applications. The company also provides maintenance, operational, and digital services to power producers, utilities, and commercial clients. During the episode aired on July 15, 2025, a caller mentioned that the company was expected to grow 60% in the coming year, and Cramer responded:

Yeah, but it’s losing a lot of money. It’s down 50%. I’m going to have to take a pass on that name. I’m very sorry.

It is worth noting that since the above comment was aired, the stock has gained nearly 192%.

3. Honeywell International Inc. (NASDAQ:HON)

Honeywell International Inc. (NASDAQ:HON) was one of the stocks on Jim Cramer’s radar as he cautioned that SpaceX could blow past its opening price. Cramer highlighted the stock’s rally, as he remarked:

You know, I’ve been pretty darn enthusiastic about Honeywell’s plan to spin off its aerospace business later this month, and today the market got as excited as I am, with the stock jumping 6.4% after a bullish analyst meeting… My Charitable Trust has a big position. We want to be bigger. I think this is the kind of company that is not expensive, that has a great growth path… We’re keeping both pieces because both are terrific.

Honeywell International Inc. (NASDAQ:HON) develops and sells technologies and solutions across aerospace, industrial automation, building management, and energy and sustainability. During the April 28 episode, a caller mentioned the company’s previous and upcoming spin-offs, and Cramer responded:

That’s true. Here’s what’s going to happen… June 30th, they’re going to be able to split the company up. It’s going to be industrial, automation, and going to be airline… Already split off the chemical. I have to tell you, this aircraft business is going to be a fantastic business. One day, the war in Iran will end. People realize that the aircraft business is kind of a work in progress. They’re going to fix it, and it’s going to be just like DuPont, I think, once they get out of this breakup purgatory. And people don’t respect Honeywell; they don’t respect it, and they’re making a very big mistake.

2. Krispy Kreme, Inc. (NASDAQ:DNUT)

Krispy Kreme, Inc. (NASDAQ:DNUT) was one of the stocks on Jim Cramer’s radar as he cautioned that SpaceX could blow past its opening price. When a caller cited “social buzz” that Berkshire Hathaway might buy the company, Cramer remarked:

I don’t want people to think that we can bet on Berkshire Hathaway buying because then that sounds like that I’ve endorsed that too, and I can’t do that. There is insider buying. The company does seem to be worth more than it’s selling for. I don’t know how it got that low with the insider buying, so I think they’re on to something. But we’re not going to speculate on who’s going to buy what on this show because we have honor.

Krispy Kreme, Inc. (NASDAQ:DNUT) manufactures and sells doughnuts through corporate-owned storefronts, franchised locations, and digital delivery applications. During the April 8, 2025, episode, a caller asked about the stock while they were looking for their child’s first “food purchase.” Cramer replied:

Look, it’s a nice spec for a kid. Maybe it can make a comeback, but right now, this thing is just getting hit and hit and hit because it is not a cheap stock. It’s actually expensive even though it is a $4 stock.

1. Carvana Co. (NYSE:CVNA)

Carvana Co. (NYSE:CVNA) was one of the stocks on Jim Cramer’s radar as he cautioned that SpaceX could blow past its opening price. When a caller mentioned the stock during the episode, Cramer said, “Carvana was a great buy for us. Great buy that we got. Garcia did a good job for us.”

Carvana Co. (NYSE:CVNA) operates an online platform for buying and selling used cars and also runs auction sites. During the March 11 episode, a caller noted their losses in the stock and asked Cramer what they should do with their position. The Mad Money host replied:

Well, you know, Carvana’s a very good company. It does have periodic plunges, and then they do the thing that they do, which is to have a great quarter. I have been a believer in Ernie Garcia since the stock was single digits… I’m not backing away. I’m not saying buy some, but I’m saying I would not abandon ship.

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