In this piece, we will look at the stocks Jim Cramer recently discussed.

In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed his opinions about the state of the IPO market. The tail end of the year has seen a spurt in IPO activity. Data from Renaissance Capital shows that nine IPOs and ten filings occurred during the week of December 1st. When asked whether he thought IPO expectations were overstated, Cramer responded:

“No, I think that there are way, I was with someone who is a premier holder of companies that can, I’d say maybe, number one or two, that has companies that want to IPO and it’s their time too. I think that what we’re missing, when I look at what’s going in the market, is the exuberance, but not irrational, the ebullience, the notion that you can get deals done. The notion that right now there’s lots of pools of capital.”

Our Methodology

To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on December 22nd. 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.

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8. Marvell Technology Inc. (NASDAQ:MRVL)

Number of Hedge Fund Holdings: 77

Marvell Technology Inc. (NASDAQ:MRVL) is a semiconductor company that sells products such as network adapters and signal processing chips. On December 16th, Cantor Fitzgerald cut the firm’s share price target to $100 from $110 and kept a Neutral rating on the shares. It pointed out that semiconductor stocks were set to take the broader market higher in 2026. The next day, Moody’s bumped up Marvell Technology Inc. (NASDAQ:MRVL)’s senior unsecured rating to Baa3 from Baa2. Moody’s outlined that the chip company’s improved profitability should aid the firm’s credit profile. More recently, Citigroup added a Positive Catalyst watch on Marvell Technology Inc. (NASDAQ:MRVL) and set a $114 share price target. The financial firm pointed out that acceleration in the AI market in 2026 would help the chip company. Another firm that is optimistic about Marvell Technology Inc. (NASDAQ:MRVL) is banking giant JPMorgan. On December 8th, the firm reiterated a $130 share price target and an Overweight rating on the shares. JPMorgan pointed out that the firm stands to benefit from Microsoft and Amazon’s application-specific integrated circuits (ASICs). Cramer discussed Marvell Technology Inc. (NASDAQ:MRVL)’s CEO:

“There’s a catalyst call today on Marvell. Matt Murphy’s very humble. He came on the air and he defended himself against a bunch of things that were untrue.”

7. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holdings: 76

Honeywell International Inc. (NASDAQ:HON) is an industrial conglomerate that is currently in the news due to its decision to split into three firms. One of these, Solstice Advanced Materials, started trading on the stock market earlier this year, while the other business, Honeywell Aerospace, is expected to complete the separation next year. On December 15th, Evercore ISI initiated coverage on Honeywell International Inc. (NASDAQ:HON)’s stock and set an Outperform rating along with a $255 share price target. The financial firm outlined that the industrial company could benefit from economic growth, which could provide earnings power. However, on November 10th, TD Cowen had cut Honeywell International Inc. (NASDAQ:HON)’s share price target to $240 from $250 and kept a Buy rating, according to The Fly. The shift was made following the firm’s third-quarter earnings. On December 22nd, Honeywell International Inc. (NASDAQ:HON) made an important announcement when it revealed that it would incur a one-time payment of $470 million related to FlexJet. Cramer discussed the announcement and the spinoff:

“Yeah and I was going over it with Jeff Marks, we do own it for he charitable trust. It’s getting hit for that. The Flex Jet was a big, big cash charge. I think that what matters is the core business but I recognize maybe no one, I don’t think a lot of people expected 470 million, they think maybe that a lot of people did. But when you look at it, you say, wait a second, that wasn’t in my numbers. I still think Honeywell is very valuable, because they’ve got aerospace, they’re splitting the company up. I think the chemical company, we kept the chemical company for the trust. It seems like by far the cheapest chemical company in a group that’s hated.”

6. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holdings: 88

Costco Wholesale Corporation (NASDAQ:COST) is one of the largest retailers in America. It is one of Cramer’s favorite stocks despite recent sluggish performance. Even though Costco Wholesale Corporation (NASDAQ:COST)’s shares are down by 4% year-to-date, the CNBC TV host has continued to remain optimistic about the company. Earlier this month, Guggenheim reiterated a Neutral rating on the stock and commented that Costco Wholesale Corporation (NASDAQ:COST)’s membership renewal rates were seeing fresh investor attention. On December 12th, Telsey reiterated an Outperform rating and $1,100 share price target for the retailer. Some of the factors that it cited behind the optimism were Costco Wholesale Corporation (NASDAQ:COST)’s membership figures, sales growth, and consumer data. Cramer commented that the firm’s management needs to improve its narrative formation:

“Alright, I went with my wife yesterday, honestly, cause we had sold some last week. I said maybe it’s changed, maybe there’s no hot dog, maybe the meat section has changed. Maybe they don’t have the selection they had. No. . .and I just said, no, it’s not anything that’s visible. . .The company has not spoke well for itself. I don’t think the company’s telling a good story. You want a good story, listen to Walmart. The Walmart calls are incredible, the Costco calls have changed meaningfully. Meaningfully.

“I miss Richard Galanti. I did a little bit of a video for him when he retired, he was CFO. Longest reigning CFO. He would, tell people, on the call, that’s wrong or you don’t know, and you would say, oh my god, there goes by the grace of god I was not on that call and being told by Richard Galanti I didn’t know what I was doing. The company’s been quiet, the call itself, they talked about a choiceful consumer. Are you kidding? It’s Costco for heaven’s sake. It’s the lowest price on earth and he’s choiceful for not going there? That was embarrassing, to use the word choiceful. You don’t use the word choiceful, it’s Costco!”

5. American Eagle Outfitters, Inc. (NYSE:AEO)

Number of Hedge Fund Holdings: 33

Apparel firm American Eagle Outfitters, Inc. (NYSE:AEO)’s shares are up by 54% year-to-date. On December 11th, Goldman Sachs initiated coverage of the stock to set a Neutral rating and a $25 share price target. The bank pointed out that American Eagle Outfitters, Inc. (NYSE:AEO) can benefit from its high-income consumer base and the perception of offering good value for money. Goldman’s coverage came after Telsey had bumped its share price target to $25 from $18 and kept a Market Perform rating on the shares. It outlined that American Eagle Outfitters, Inc. (NYSE:AEO)’s latest quarterly earnings had seen the firm post robust margins driven by lower freight costs and other factors. The apparel company had posted its third quarter earnings on December 2nd that saw it earn $1.36 billion in revenue and $0.53 in earnings per share. The figures beat analyst estimates of $1.32 billion and $0.44. American Eagle Outfitters, Inc. (NYSE:AEO)’s management commented that its marketing campaigns were driving its sales. Cramer briefly discussed American Eagle Outfitters, Inc. (NYSE:AEO):

“People didn’t see that coming because they have been a terrible operator.”

4. Urban Outfitters Inc. (NASDAQ:URBN)

Number of Hedge Fund Holdings: 41

Urban Outfitters Inc. (NASDAQ:URBN)’s shares are up by 35% year-to-date, primarily on the back of a stellar run since late November. Since November 24th, the stock is up by 23.8%. The run started after Urban Outfitters Inc. (NASDAQ:URBN)’s third quarter earnings report that saw the firm post $1.53 billion in revenue and $1.28 in earnings per share. Both of these beat analyst estimates of $1.49 billion and $1.19. On November 26th, UBS raised Urban Outfitters Inc. (NASDAQ:URBN)’s share price target to $80 from $70 and kept a Neutral rating on the shares. The financial firm cited the earnings report as the reason behind the raise and added that it expects the five-year EPS compounded annual growth rate to sit at 8%. Along with UBS, Telsey also raised the share price target following the earnings. It bumped the target to $85 from $80 and kept a Market Perform rating. Telsey noted that while Urban Outfitters Inc. (NASDAQ:URBN)’s earnings report was strong, its guidance was slightly weaker than expected. Cramer called the company a consistent operator:

“Consistently great operator this year is Urban Outfitters! With every single one of the divisions doing well. They’re again, no beat the chest, I’ve tried to get Richard Hayne on since 1912, it’s a Philadelphia company so I thought I’d play that angle, you think he cares?. . .but Urban Outfitters has been spectacular.”

3. Molson Coors Beverage Company (NYSE:TAP)

Number of Hedge Fund Holdings: 32

Molson Coors Beverage Company (NYSE:TAP) is an alcoholic beverage company. The shares are down by 18% year-to-date as the firm has struggled due to the broader weakness in the alcoholic beverage industry. The weak share price has also been met with analyst caution. For instance, JPMorgan started coverage of Molson Coors Beverage Company (NYSE:TAP) in November and set a Neutral rating along with a $49 share price target. JPMorgan commented that while the firm had improved its business fundamentals, it was nevertheless operating in struggling markets. The analyst comments came after Molson Coors Beverage Company (NYSE:TAP) had reported its third-quarter earnings report in November. The results saw the firm report $2.97 billion in revenue and $1.67 in adjusted earnings per share. Crucially, Molson Coors Beverage Company (NYSE:TAP) also forecast a 3% to 4% decline in sales in 2025. Cramer commented on the firm in the context of broader changes in America’s alcohol consumption:

“We see Molson Coors down 2.76 today. I think this is going to be the year where people just say, these are the worst stocks, the alcohol stocks. . .Can they bounce back? I don’t know. This is when you get GLP-1 and it’s going to be in pill form from Eli Lilly, there actually maybe another leg down for alcohol. The country’s a changed country, and I think people should realize, particularly, older people are aging out, they were the big drinkers. Not the young people. The young people are mocktails. But this is just beer coming down, the browns we call them, coming down. Bourbon. Whisky. And the clears are getting killed.”

2. Brown-Forman Corporation (NYSE:BF-B)

Number of Hedge Fund Holdings: 35

Brown-Forman Corporation (NYSE:BF-B) is another alcoholic beverage firm whose shares have struggled in 2025. The stock is down by 29% year-to-date and has suffered particularly in 2025. Since December 11th, Brown-Forman Corporation (NYSE:BF-B)’s shares have dipped by 15% with one notable catalyst coming in the form of analyst action by Citi. On December 17th, Citi downgraded the stock to Sell from Neutral and cut the share price target to $27 from $30, The Fly reported. The financial firm cautioned that Brown-Forman Corporation (NYSE:BF-B) could see the benefit from excess shipments reverse in 2026. As for Cramer, he has continued to remain pessimistic about the firm and other alcoholic beverage stocks in 2025 and this appearance wasn’t an exception:

” think this is going to be the year where people just say, these are the worst stocks, the alcohol stocks. Brown-Forman’s very, very badly. Can they bounce back? I don’t know. This is when you get GLP-1 and it’s going to be in pill form from Eli Lilly, there actually maybe another leg down for alcohol. The country’s a changed country, and I think people should realize, particularly, older people are aging out, they were the big drinkers. Not the young people. The young people are mocktails. But this is just beer coming down, the browns we call them, coming down. Bourbon. Whisky. And the clears are getting killed.”

1. Prologis, Inc. (NYSE:PLD)

Number of Hedge Fund Holdings: 56

Prologis, Inc. (NYSE:PLD) is a real estate company that focuses on the logistics industry. The stock has performed well in 2025 as it is up 23.45% year-to-date. On November 17th, Bank of America kept a Buy rating on the shares and increased the share price target to $144 from $137. Cramer has sparingly discussed Prologis, Inc. (NYSE:PLD) in 2025. For instance, he commented on the firm in October and stated that the firm’s quarterly results had made investors forget about the tough times that commercial real estate is facing. As an example, a report from The Florida Atlantic University in March outlined that 59 out of the 158 banks in America were facing exposures to commercial real estate that were greater than 300% of their total equity capital. The report added that restructuring for troubled debt for commercial and residential construction had tripled since 2023 to sit at $18 billion in 2024’s fourth quarter. In this appearance, Cramer recalled Prologis, Inc. (NYSE:PLD)’s share price performance in 2008 and pointed out that maybe the shares were worth a buy today as well:

“I got Prologis. They’re the biggest warehouse company. It’s Hamid [inaudible], he’s coming on, this was the first stock that bottomed in 2008, so I’ve always been very partial to him. This was the one you had to buy then. And this is the one, that you could argue because warehouse is so important to the economy, you can still buy.”

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