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 a key report from Bank of America’s analyst Michael Hartnett. The report outlined that the bank’s Bull & Bear indicator had risen to 8.5 from 7.9. BofA outlined that a reading above 8.0 has often led to equities dropping. Hartnett’s indicator is based on a hedge fund manager survey of risk appetite, and it has predicted market movement 16 times since 2002, according to the analyst. Discussing the current scenario, the analyst also remarked that the current market scenario was defined by the impact of the bond market on AI data center investment, worries about unemployment, and the potential of an upside surprise from China.
Cramer discussed the report and commented that “we’re searching for leadership, it’s hard to find the leadership.” The CNBC TV host added that when analyzing the market, he looked at “the consumer growth” and shared his opinion about trends in consumer spending:
“I think the consumer’s going to much stronger. Look at those Carnival numbers today, that’s discretionary, money discretionary. And people going on to, American Express, Booking, United, Delta, Marriott. The consumer, believe it or not, is going to bail us out. And I think that Michael, I don’t think he [inaudible] consumer [inaudible]. But he’s really good. I really like him.”
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 19th. 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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9. Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Holdings: 105
Micron Technology, Inc. (NASDAQ:MU) is one of the most important firms in the AI ecosystem. It makes and sells memory chips that are used in NVIDIA’s and other AI GPUs. As a result, Micron Technology, Inc. (NASDAQ:MU)’s products form a link at the back end of the AI supply chain. The firm recently reported its fiscal first quarter earnings report and posted $13.64 billion in revenue and $4.78 in earnings per share. The figures beat analyst estimates of $12.84 billion and $3.95. Micron Technology, Inc. (NASDAQ:MU)’s shares are up by a whopping 227% year-to-date, and since the earnings report, they have added 26.90%. The earnings report was followed by optimism from several analysts. For instance, Morgan Stanley bumped the share price target to a hefty $350 from $338 on December 18th and maintained an Overweight rating on the stock and called it a top AI stock pick. Cramer was excited after Micron Technology, Inc. (NASDAQ:MU)’s earnings as well, as he remarked that the firm “has a high bandwidth memory component, that is perfect for the data center.” In this appearance, he wondered what NVIDIA’s CEO. Jensen Huang thinks about the latest earnings:
‘That Micron quarter, I really want to know what Jensen felt about that Micron quarter. I know he’s not in town right now. But holy cow, that Micron quarter was such a thing of beauty. And Mehrotra was so self effacing. I got to tell you, it was a beautiful call.”
8. Lululemon Athletica Inc. (NASDAQ:LULU)
Number of Hedge Fund Holdings: 55
Lululemon Athletica Inc. (NASDAQ:LULU) is a Canadian apparel retailer whose shares are down by 43% year-to-date. The firm has been the focus of several analysts’ attention in December. For instance, on December 12th, Stifel raised the share price target to $210 from $205 and kept a Hold rating on the shares. In its note, the financial firm discussed that Lululemon Athletica Inc. (NASDAQ:LULU)’s sales in America dipped by 5% in its third fiscal quarter, which marked a two percentage point acceleration over the previous quarter. Stifel added that the retailer was facing trouble with customer loyalty and overall competition. Stifel was joined by BofA, which raised Lululemon Athletica Inc. (NASDAQ:LULU)’s price target to $220 from $185 and kept a Neutral rating on the shares. The bank pointed out that the retailer was spending slightly more than expected to drive traffic during the fourth quarter. Another price target bump for Lululemon Athletica Inc. (NASDAQ:LULU) came on the 12th as Truist increased the target to $200 from $170 and kept a Hold rating. Like Stifel, Truist also pointed towards weak sales in the American region and added that revenue growth came through China sales. Cramer briefly discussed Lululemon Athletica Inc. (NASDAQ:LULU) and called it challenged:
“LULU is challenged, challenged.”
7. KB Home (NYSE:KBH)
Number of Hedge Fund Holdings: 31
KB Home (NYSE:KBH) is one of the largest homebuilders in America. Its shares are down by 11% year-to-date after suffering a major 10% dip in December. The stock fell after KB Home (NYSE:KBH) reported its fiscal fourth quarter earnings. The results saw the firm post $1.69 billion in revenue, $1.92 in earnings per share, and $5.10 billion and $6.10 billion in full-year fiscal 2026 revenue, which was below the 2025 revenue of $6.21 billion. Following the results, Wolfe Research cut its share price target for KB Home (NYSE:KBH) to $56 from $63 and kept an Underperform rating on the shares. Gross margins were a key concern shared by Wolfe, as it pointed out that the homebuilder could experience a drop in margins in its fiscal fourth quarter of 2026. Similarly, on the 19th, UBS also cut the share price target. Reducing it to $77 from $83 and keeping a Buy rating on the stock, the firm cited lower EPS estimates for fiscal years 2026, 2027, and 2028. Cramer commented on KB Home (NYSE:KBH) and home prices:
“The numbers are so horrible, I mean, the companies, they jacked prices up, and there was a tremendous drive to get them. And now we’re starting to realize, they have really overpriced their houses. While I care about the interest rate, it’s not as important as the collapse in pricing. This is the time to buy a home, who else has rolled back to 2018 prices other than Doug McMillon.”
6. Lennar Corporation (NYSE:LEN)
Number of Hedge Fund Holdings: 63
Lennar Corporation (NYSE:LEN) is another major American homebuilder. The shares are down by 15% year-to-date and down by 10.6% since mid-December. On December 16th, Lennar Corporation (NYSE:LEN) reported its earnings for the fiscal year 2025 and the fourth quarter. Its $9.4 billion in revenue beat estimates of $9 billion, while $1.93 in EPS missed $2.21 in estimates. Following the results, Wells Fargo lowered Lennar Corporation (NYSE:LEN)’s share price target to $110 from $125 and kept an Equal Weight rating on the shares. The investing bank explained that the homebuilder’s forward guidance was worrisome. As UBS cut KB Home’s estimates after the earnings report, Wells reduced them for Lennar Corporation (NYSE:LEN). The bank now expects the homebuilder to post $6 for its fiscal year 2026 earnings. As was the case with Wells, Oppenheimer reduced its fiscal 2026 earnings estimates by 26% for Lennar Corporation (NYSE:LEN) after the earnings report. The firm kept a Perform rating and added that it expects the firm to deliver an 8% return on equity in its fiscal year 2026. Cramer discussed Lennar Corporation (NYSE:LEN) in the context of home prices and the broader environment the firm is operating in:
“The numbers are so horrible, I mean, the companies, they jacked prices up, and there was a tremendous drive to get them. And now we’re starting to realize, they have really overpriced their houses. While I care about the interest rate, it’s not as important as the collapse in pricing. This is the time to buy a home, who else has rolled back to 2018 prices other than Doug McMillon.
“Stuart Miller, as much as I like him, very much, I did not feel that he had it under control, I did not feel that he had the situation under control.”
5. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holdings: 234
NVIDIA Corporation (NASDAQ:NVDA)’s shares have gained 36% year-to-date and have lost 8.9% since October’s end. The firm made quite a splash on December 24th after chip designer Groq announced that it had entered into a non-exclusive licensing agreement with it. Under the agreement, NVIDIA Corporation (NASDAQ:NVDA) will buy Groq’s assets for a $20 billion price tag to make it its largest acquisition to date. Earlier in December, Bernstein reiterated an Outperform rating on the shares and a $275 share price target. Bernstein pointed out that NVIDIA Corporation (NASDAQ:NVDA) is still waiting for US approvals to sell its H200 chips to China. Crucially, Bernstein also pointed out that the chip designer believes it enjoys a two-year advantage over Google’s TPU AI chips. These chips have been seen as an alternative to NVIDIA Corporation (NASDAQ:NVDA)’s pricey AI GPUs. Cramer also believes that the firm’s latest Rubin AI GPUs will make their mark felt:
“Yeah, this is the cheapest it’s been in a very long time when you look forward [price to earnings]. People should do that, this whole period, NVIDIA’s not been talking about what’s going on. . .you know something, NVIDIA speaks softly, but they carry the big Vera Rubin. . .it’s going to be very smooth, it’s not going to be like Blackwell. . .they’re ready, and don’t forget, it’s the big quantum leap that Jensen’s talking about.
“Remember, Jensen’s not using the number, the nine fifty, the nine fifty for 2027, I think it’s going to be a little more than ten. . .you’re paying the multiple for a dog food company. I think it’s got more intellectual property than a dog food company.”
4. Texas Roadhouse, Inc. (NASDAQ:TXRH)
Number of Hedge Fund Holdings: 37
Texas Roadhouse, Inc. (NASDAQ:TXRH) is a casual dining restaurant firm based in Kentucky. Wells Fargo upgraded the shares in December after bumping the rating to Overweight and setting a $195 share price target. The bank commented that it believes the recent dip in Texas Roadhouse, Inc. (NASDAQ:TXRH)’s share price is a good entry point as the restaurant struggles with high beef costs. The firm’s third quarter saw it report 7.9% in commodity inflation and led to a 6.1% jump in sales but a 168 basis point hit to its restaurant-level profit margin. Wells Fargo outlined that Texas Roadhouse, Inc. (NASDAQ:TXRH) could improve its performance in 2026 and added that the firm also appears to be gaining market share. Cramer discussed beef prices and praised the restaurant for keeping its prices the same despite the historic turmoil in the US beef market:
“I’ve been in Texas Roadhouse, because I’m betting, that the President, who has started this already, take the tariffs off beef, okay, and that is going to, Texas Roadhouse has kept the price of its $11 steak, if anyone hasn’t had it. Go to Texas Roadhouse, get those sweet buns, David. Buy the $11 steak, they haven’t raised the price because they’re not hurting the consumer. When cattle comes down, which it will, $200.”
3. Conagra Brands, Inc. (NYSE:CAG)
Number of Hedge Fund Holdings: 34
Conagra Brands, Inc. (NYSE:CAG) is a consumer packaged goods company. After the firm reported its second-quarter earnings in December, RBC Capital cut its share price target to $20 from $22 and kept a Sector Perform rating on the shares. The financial firm commented that Conagra Brands, Inc. (NYSE:CAG)’s latest quarter saw the firm suffer from one-time and transient problems, which would resolve in its upcoming quarters. Evercore ISI also reduced the share price target following the earnings. It trimmed the target to $22 from $23 and maintained an In Line rating on the shares. Evercore noted that Conagra Brands, Inc. (NYSE:CAG)’s frozen food business was experiencing turmoil from high prices and tariffs. Yet, it added that the firm could see improvement in the second half of its fiscal year 2026. Goldman Sachs cut the firm’s share price target to $16 from $18 on November 25th and kept a Sell rating on the shares. Cramer’s previous comments about Conagra Brands, Inc. (NYSE:CAG) have plainly stated that he does not invest in firms whose revenues have been flat for years. In this appearance, he discussed the firm in the context of beef prices:
“But I do think that, you got cattle, cattle is a disaster, how much it’s up. You know, Conagra would tell you that. . .Conagra’s quarter was just okay.”
2. Paychex, Inc. (NASDAQ:PAYX)
Number of Hedge Fund Holdings: 53
Paychex, Inc. (NASDAQ:PAYX)’s shares are down 17% year-to-date and has seen several price target cuts recently. The firm reported its second-quarter earnings on December 19th and posted $1.56 billion in revenue to slightly miss analyst estimates of $1.57 billion. Ahead of the earnings, BMO Capital had cut Paychex, Inc. (NASDAQ:PAYX)’s share price target to $121 from $140 and kept a Market Perform rating on the shares. It commented that weakness in the small and medium business market as a factor driving the change and added that the upcoming earnings could see good cost execution. Paychex, Inc. (NASDAQ:PAYX)”s second fiscal quarter earnings per share sat at $1.26 per share and beat analyst estimates of $1.23. Cramer discussed the firm in his December 19th Mad Money appearance and commented that he uses the company as a proxy for employment figures. The CNBC TV host added that Paychex, Inc. (NASDAQ:PAYX)’s earnings left analysts worried about the firm’s management solutions business and full-year revenue outlook. He didn’t hold back on the analysts in this appearance either:
“Paychex quarter, people didn’t like it, I’ve got them on tonight, the analysts have historically really trashed this company.”
1. The Boeing Company (NYSE:BA)
Number of Hedge Fund Holdings: 106
The Boeing Company (NYSE:BA) is one of the largest aircraft manufacturers in the world. The firm has seen its performance improve in 2025 as the shares are up by 26% year-to-date. Cramer has been one of The Boeing Company (NYSE:BA)’s biggest proponents throughout the year. He has cited faith in the firm’s CEO and improved cash flow as some of the reasons for his optimism. TD Cowen reiterated a Buy rating and a $240 share price target for The Boeing Company (NYSE:BA) in early December. The financial firm pointed out that the company could benefit from demand shifting away from the aftermarket to new aircraft. The aviation market has experienced quite a bit of turmoil over the past year due to The Boeing Company (NYSE:BA)’s production woes. In this appearance, the CNBC TV host commented on the cash flows and mentioned a report by JPMorgan:
“Quiet winner, clawing itself back after a quarter that people felt wasn’t good, yet I thought was good because of the cash flow, is Boeing. Today, JPMorgan raises its price target, 240 to 245. Watch this company, because Kelly Ortberg is also, David knows, is kind of a different cloth. Is a no nonsense guy which is what’s needed. . .this company’s coming back and it’s going to be a huge stock for 2026.
“I really thing he’s a good man, Ortberg, he’s very different from the previous couple of CEOs. Very different, good catch by them.”
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