Jim Cramer, the host of Mad Money, on Monday described the current market as a strange showdown between two huge forces.
“In this corner, weighing in at $4.27 trillion is the reigning champ, NVIDIA. In the other corner, coming in at around $86,000, is the challenger Bitcoin. At stake is nothing more than the stock market itself, and we don’t know which will win. If NVIDIA triumphs in this high-stakes contest, we’ll probably go higher. If Bitcoin keeps going down, the stock market’s definitely headed lower, which might sound ridiculous, but it’s the truth.”
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Cramer said that Bitcoin’s pull extends into nearly every part of crypto, but also into areas that at first seem unrelated, including quantum computing, data center power, and even companies tied to flying cars that may never clear FAA requirements. He noted that they tend to decline together because they often depend on speculative enthusiasm and wagers on ideas that may not pay off for years, if ever.
Cramer stressed that when all of these move in the same direction at once, it creates a threat to the health of the broader market, something he called his biggest concern and a persistent worry. He also said Wall Street often brushes it off, partly because the whole ecosystem generates large fees, and said that the industry “never met a fee it didn’t like.”
“The bottom line: I never like to say, well, it’s anybody’s guess. I would say, however, that it seems like the speculators are going to have their hands full with Humpty Bitcoin, but the NVIDIA backers just got a second win that could be meaningful for more than just one day’s action.”
Our Methodology
For this article, we compiled a list of 7 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on December 1. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the third quarter of 2025, which was taken from Insider Monkey’s database of 978 hedge funds.
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
7 Stocks on Jim Cramer’s Radar
7. EnerSys (NYSE:ENS)
Number of Hedge Fund Holders: 23
EnerSys (NYSE:ENS) is one of the stocks on Jim Cramer’s radar. Cramer noted that the stock is “still very cheap” despite an “excellent” run, as he said:
“Finally, let’s talk about the one I really like, and that’s called EnerSys, which Sam in Pennsylvania asked about back on November 20th. EnerSys is really interesting. The company’s based in Reading, PA, [and it] designs, manufactures, and distributes industrial batteries. It’s been around since the late 90s, came public 21 years ago. Over the long run, EnerSys has been a great growth stock, climbing up steadily for most of the past two decades. But this year in particular, stock’s going into overdrive, up roughly 54% year-to-date return. Why? Because EnerSys looks to be a big winner from the AI data center theme. Anything that can store electricity is doing big business right now.
Now, here’s the real exciting thing about EnerSys: while the stock’s had an excellent run over the past several months, it’s still very cheap, trading at just 14 times this year’s earnings estimates and 12 times next year’s numbers. This company has beaten expectations for 16 consecutive quarters, so I trust these estimates. In fact, when EnerSys reported a month ago, that quarter was a thing of beauty. 6% organic sales growth, huge earnings beat. Management also raised its full-year sales and its earnings forecast pretty significantly. And the stock’s, well, let’s just say it’s been on fire ever since.
Really the only negative thing that I can say about EnerSys is that you’re chasing the stock here after all these recent gains, you know, I mean, they’re in the past. But I feel a lot more comfortable chasing when a stock’s at 14 times earnings, so I would actually bless buying some EnerSys right here, right now. And then if it drops, you can buy more and then hope for a market-wide sell-off… and get even bigger. Overall, I think Sam in Pennsylvania has a good one in EnerSys. I was pleasantly surprised to find out this was definitely not a year of magical investing stock.”
EnerSys (NYSE:ENS) provides stored energy technologies that are used in industrial power systems, telecommunications, data centers, transportation, aerospace, defense, and electric-vehicle power applications.
6. Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY)
Number of Hedge Fund Holders: 26
Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) is one of the stocks on Jim Cramer’s radar. Cramer highlighted the problems faced by the company, as he commented:
“Next, in early November, Jim in Florida asked about another consumer facing name. This was Dave & Buster’s. Now, this one I actually knew, but I wanted to do more research to see if there was an opportunity here… It was public then went private, then came public. Dave & Buster’s stock has been struggling of late… Still, the numbers are not so hot. Dave & Buster’s look set to… get its third straight year of negative same-store sales and its second consecutive year of declining earnings per share.
The company’s been doing so poorly that around this time last year, their CEO had to resign. After several months with an interim CEO, the board brought in an executive from Yum! Brands, Tarun Lal, who’s rolled out a bunch of initiatives to turn things around, bringing back TV ads, changing the menu, decreasing promotions, but it’s still too soon to tell if this stuff is working. We’ll have a better idea when Dave & Buster’s reports just next week.
Here’s what I’ll say for Jim in Florida: listen, I’m intrigued by the idea of Dave & Buster’s turnaround, but with many consumers struggling and the company itself doing so poorly, I’m nervous about trying to get into the stock ahead of the turn. Doesn’t help that the balance sheet remains a mess. So for now, I’m keeping an eye on Dave & Buster’s, watching, maybe you got a potential turn, but at this point, I think it’s too early to put money in.”
Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) operates venues that combine dining, drinks, and a mix of games and attractions, including arcades, bowling, laser tag, virtual reality, and live sports viewing.
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