In this article, we will look at the stocks featured in Jim Cramer’s Mad Money recap as he discussed how the AI build-out could power the economy. The host of CNBC’s Mad Money said Thursday that the artificial intelligence boom is still strong enough to continue pushing stocks higher.
Even though I want to take some profits for the Trust, I absolutely don’t believe that this market’s going to roll over and play dead, stay down, at least not anytime soon… My faith in this market comes down to the opportunity to get you involved in what one of our guests is building tonight, and I’m talking about NVIDIA’s Jensen Huang.
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Cramer also revisited Huang’s “five-layer cake” framework for the AI economy. He mentioned the growing concerns about a weaker consumer environment, but said that those issues are separate from the AI cake. He added that every layer tied to artificial intelligence functions like a massive American jobs program, creating work domestically rather than overseas.
They all collectively have the power to keep the country’s economy humming. Everybody’s focused on AI as a technology, but when you look at everything behind it, this is like the WPA and CCC on steroids. Even if you don’t believe in the tech like I do, this is enough… to give us a real boost. That’s why my bottom line is that as the averages go down, you need to get ready to eat a piece of cake despite interest rates, despite the gloom, despite the war. Because you have to ask yourself, what do any of these have to do with the price-to-earnings multiples of NVIDIA or Corning?
Our Methodology
For this article, we compiled a list of 8 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on May 7. 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).
8 Stocks on Jim Cramer’s Mad Money Recap: IBM, Corning, and AI Rally Strength
8. Becton, Dickinson and Company (NYSE:BDX)
Becton, Dickinson and Company (NYSE:BDX) was one of the stocks featured in Jim Cramer’s Mad Money recap, as he discussed how the AI build-out could power the economy. Cramer highlighted the company’s latest quarterly earnings result, as he said:
This morning, we got a strong quarter from Becton, Dickinson and Company, which is one of the major medical supply and medical technology companies. After spending the last five years with some fine growth, Becton, Dickinson really shot the lights out with this one. Huge top and bottom line beat, management raising the full year earnings forecast, and that sent the stock up nearly 6% today on a not-so-great day for the market. The company showed excellent execution across the board. They’re getting a real boost from all sorts of technology that helps hospitals do more with fewer people.
Becton, Dickinson and Company (NYSE:BDX) sells a significant variety of medical supplies, diagnostic tools, and lab equipment used by healthcare professionals and researchers.
7. Agnico Eagle Mines Limited (NYSE:AEM)
Agnico Eagle Mines Limited (NYSE:AEM) was one of the stocks featured in Jim Cramer’s Mad Money recap, as he discussed how the AI build-out could power the economy. Noting that the stock seems to be moving up, a caller asked for Cramer’s prediction for the next six months. He replied:
You’re in, you would be in the best one. I don’t think, I am not bullish on gold right now. I remember we had the great Larry Williams on, and he said, listen, gold is going lower. I’m with Larry.
Agnico Eagle Mines Limited (NYSE:AEM) is a gold mining company that explores for and produces precious metals, including gold, silver, zinc, and copper. During the February 6 episode, Cramer said that AEM “reflects all the good in the world,” as he commented:
Then there are two contrasting storied stocks that make terrific bookends for this segment, DraftKings and Agnico Eagle… Agnico Eagle, on the other hand, reflects all the good in the world and then some as the second-largest gold miner on earth. This gold stock is so shiny, you need sunglasses just to look at it. Here’s my advice: if you don’t own any gold, bite the bullet and get some of this stock in, then wait for it to pull back. It will, but always own some gold, especially after we saw that Bitcoin isn’t worth its weight in the precious metal, or perhaps maybe even anything.
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