During the most recent episode of Mad Money, which aired on Monday, the 12th of May, Jim Cramer discussed the recent market rally and encouraged his viewers to stay invested. He also emphasized the importance of earnings, saying:
“Earnings matter again, okay? That’s what happened last night when the United States and China reached an agreement, however temporary, to hold off trade armageddon. The rollback of the exorbitant tariffs to much more reasonable levels caused the stock market to explode.”
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Although Cramer was happy about the market’s recovery, he reminded his viewers that the S&P 500 is still flat on a year-to-date basis and discussed how other regions are doing:
“Now don’t get me wrong, I’m glad it happened, but I just spent a week in Europe, and it is stunning how much better the markets are doing over there.”
His final reminder was for his viewers to just stay invested in the market and avoid trying to time the market, saying:
“Bottom line: It’s better to stay in, stay on, and let her ride than to try to pick the perfect moment to trade in and out and in and out of the stock market. By the way, that’s not much of a strategy. It’s more of a game of chicken where there are no winners, just losers who think they are smarter than the average bear.”
Our Methodology
For this article, we compiled a list of 10 stocks that were discussed by Jim Cramer during the Mad Money episode that aired on the 13th of May 2024. We then calculated their performance for the past 12 months, until May 13th, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey’s Q4 2024 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them.
Please note that this article mentions Jim Cramer’s previous opinions and may not account for any changes to his opinions regarding the stocks that are mentioned. It is primarily an examination of how his previously provided opinions have panned out.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10. Uber Technologies, Inc. (NYSE:UBER)
Number of Hedge Fund Holders: 166
In that older episode, Jim Cramer analyzed the state of the gig economy and began with Uber Technologies, Inc. (NYSE:UBER), following its earnings report, a $7 billion buyback announcement, and a subsequent 5.7% drop in the stock at the time. Despite the pullback, Cramer remained bullish and said:
“The stock could soar like that because these guys figured out how to deliver profitable growth. When Uber reported in February, they delivered blowout numbers and followed that up a few days later by announcing a $7 billion buyback — wow, first in its company’s history. […] I thought the results were mostly pretty good. Revenue beat. EBITDA beat. Massive free cash flow beat, with the latter up 148% year-over-year. […] CEO Dara Khosrowshahi explained that the loss came primarily from a markdown for Uber’s equity stakes in other companies like the ride-sharing company in China they had — Didi Global — it had nothing to do with the core business, so it should have been ignored. […] I got to tell you, even after that, I’m pretty sanguine about the prospects of Uber. The bull thesis here is that the company’s consistently growing profits and throwing off tons of new cash flow, even if there’s some softness on the gross bookings front. […] I’m viewing this post–first quarter shakeout as an appropriate reset of expectations. […] You’ve got my blessing to buy it because the company will be buying right alongside you. I really like the stock here.”
Cramer’s call was spot on, as Uber soared 38.93% over the next twelve months.
Uber Technologies, Inc. (NYSE:UBER) operates a global mobility platform offering ride-hailing, food delivery through Uber Eats, and freight logistics services. Cramer remains bullish on he stock and had this to say on the 2nd of May:
“We’ve come to expect that Uber trades down after it reports, and you’ve gotta buy the rideshare king because it’s got so much going for it worldwide. I bet that plays out again, just like Marriott. Stock reports, stock gets hit, gotta buy it.”