9 Stocks on Jim Cramer’s Radar Recently

4. Block, Inc. (NYSE:XYZ)

Number of Hedge Fund Holders: 79

Block, Inc. (NYSE:XYZ) is one of the stocks on Jim Cramer’s radar recently. Cramer mentioned the company’s growth targets and buyback program, as he commented:

“How about all these fintech… Well, hey, I got one for you. How about Block, which is the old Square? At an analyst meeting today, Block just announced some aggressive growth targets for the next three years, sharply better than expected. Block is a real profitable business, and its stock wasn’t far from its low either, aided by a $5 billion announced buyback. This $38 billion stock ultimately vaulted 7.5%. Yes, it was the best performing in the S&P 500, not bad, just beating out GE Vernova.”

Block, Inc. (NYSE:XYZ) provides payment, commerce, and financial services through Square and Cash App. The company offers point-of-sale tools, banking, peer-to-peer payments, investing, and buy-now-pay-later solutions. Cramer mentioned the company during the May 2 episode of Squawk on the Street. He said:

“There’s a piece, an impenetrable piece by Bank of America about, I mean I love NVIDIA. . .I couldn’t get through this one. I mean, come on, guys. Put in some, a little verbiage, like we saw on Square, now X, now XYZ, now Block, now Sell. They should change it into Sell. That would be good. SELL.”