During the latest episode of Mad Money, which aired on Tuesday, the 13th of May, Jim Cramer talked about the recent rally in natural gas prices, saying:
“Alright, lately, we’ve seen this really major rebound in the price of natural gas. It’s up roughly 27% from its lows in under three weeks.”
READ ALSO: Was Jim Cramer Right About These 10 Stocks?
He emphasized that natural gas is heavily influenced by federal policy, especially when it comes to exports. According to Cramer, global demand for American natural gas will remain strong, and finished off his introduction by mentioning his favorite picks from the natural gas sector:
“So here’s the bottom line: In this exciting sector with the natural gas trade coming alive again, I like EQT for production, ONEOK and Enbridge for pipelines and distribution, and the OG Cheniere Energy as a pure play on liquified natural gas exports. I think they very much work here with a fossil-friendly White House.”
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 14th of May 2024. We then calculated their performance for the past 12 months, until May 14th, 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. First Solar, Inc. (NASDAQ:FSLR)
Number of Hedge Fund Holders: 59
Cramer emphasized that First Solar, Inc. (NASDAQ:FSLR), a profitable, American-made solar company, was the true beneficiary of the Biden administration’s decision to double tariffs on Chinese solar cells from 25% to 50% at the time. Here’s what he said back then:
“How about solar cells? The government raised tariffs on Chinese solar cells from 25 to 50% and the market reacted totally wrong. That’s right. The worst solar stocks, the money-losing home solar players that depend on those cheap Chinese panels, all rallied because they also have a huge short position. The memers bought anything with an outsized large short position. […] But there’s a real solar company, a made-in-the-USA solar company — First Solar — that’s the clear winner in this crazy market. The stock actually fell to an iffy buck. At these levels, First Solar sells for about nine times next year’s earnings estimates, with tremendous growth rate — and this is before we factor in the impact of the tariffs on some of their major competitors. Now I think it’s an out-and-out winner — part of the world where solar might be the dominant power solution by 2030.”
Cramer’s take was not accurate, as the stock only gained 3.21% over the past year despite his strong bullish stance.
First Solar, Inc. (NASDAQ:FSLR) manufactures American-made thin-film solar panels for large utility-scale energy projects and is a leader in domestic clean energy production. Cramer remains optimistic about solar stocks. Here’s what he said on the 28th of January.
“It is a very inexpensive stock. I’m telling you, I’m still reeling from the fact that NXT, Nextracker… actually reported an upside surprise tonight. And… when I look into that and it says that it’s good for solar, I will tell people who belong to the Charitable Trust, to CNBC Investing Club, whether it’s time to get a little more aggressive on solar.”
9. Texas Instruments Incorporated (NASDAQ:TXN)
Number of Hedge Fund Holders: 66
Cramer discussed the U.S. government doubling tariffs on so-called “legacy semiconductors” — older-generation chips where the U.S. had become reliant on foreign supply. He pointed to Texas Instruments Incorporated (NASDAQ:TXN) as the clearest American winner from that policy at the time, saying:
“The government’s doubling the tariff on legacy semiconductors from 25% to 50%. Legacy can be a slippery term. When COVID raged, we knew that our country couldn’t produce enough of the older, larger form factor chips — not the state-of-the-art Nvidia kind of chips — making us hostage to foreign suppliers. And then those supply chains got busted. So this is part of a larger strategy to bring semiconductor manufacturing back home. Now here’s one where the market actually got it right — Texas Instruments, the biggest legacy chipmaker, soared. Its stock jumped three bucks to a new 52-week high today. Too late to buy? I think so.”
Cramer’s timing was appropriate, as the stock fell 1.98% since his “too late to buy” warning.
Texas Instruments Incorporated (NASDAQ:TXN) is a leading designer and producer of analog and embedded semiconductor chips used across industrial and automotive applications. Talking about the company again in April, Cramer said the following:
“Texan is so non-promotional, it was like, look we’ve had the customers don’t have enough inventory so things are better.”
He also highlighted his optimism earlier this year in January, saying:
“Right. People keep wanting Texas Instruments to be something other than it is. It’s an industrial company. Very good. 20% of business is in China by the way. Love the China. […] Texas Instruments is an industrial company. And it trades like one. And these analysts keep thinking it’s going to trade like the Texas Instruments of 1982, 84. They ought to get the program. I think that Texas Instruments is very forthcoming. They used to be less forthcoming. But they’re basically saying, look, our markets aren’t that good. And they can’t outrun their own markets. […]
I love the fact that they’re straight forward. That they’re not doing well in embedded, they’re saying, listen, we’re missing, we’re missing, we’re missing. People are missing. Enough already.”
8. Ford Motor Company (NYSE:F)
Number of Hedge Fund Holders: 45
Cramer reacted to Biden’s new 100% tariff on Chinese electric vehicles, framing it as a major protective measure for U.S. automakers. He argued that Ford Motor Company (NYSE:F), long viewed as vulnerable to low-cost Chinese EVs, was a clear beneficiary back then:
“The biggest winners though will be the American automakers. There’s a widespread belief that our car companies are going to be roadkill once China’s auto industry gets here. We got that from — who? None other than the automakers themselves, especially Ford’s executive chairman Bill Ford. He’s been the most adamant about the existential threat of government-subsidized competition from the PRC […]
Hey, with 100% tariff on Chinese autos, Ford doesn’t need to be all that ready — it can focus on other things that actually make money. […]
I like this policy. But even if you hate it, it’s a clear giveaway to Ford and GM. And you got to cash in on a giveaway when you get it. […]
The chief reason GM and Ford stock sell at the bottom of the S&P 500 barrel is because of this existential Chinese threat. Whenever China’s been allowed to dump merchandise, they’ve destroyed pricing and destroyed companies. That won’t happen here. Not with these tariffs. I’ve been a broken record on Ford — I’m particularly aware of that — and we own it for the Charitable Trust. It’s got a 4.83% yield, for heaven’s sake. If Ford can just curtail the immense losses in electric vehicles — I mean, some people think more than $150,000 per car — well then it’s much easier with the new tariffs, and the stock can and will go higher.”
Cramer’s call was incorrect, as Ford’s stock declined 14.39% over the past year, due to the tariff risks that automakers face.
Ford Motor Company (NYSE:F) is one of the largest U.S. automakers, producing combustion engine, hybrid, and electric vehicles under the Ford and Lincoln brands. Cramer recently compared its position to that of its competitor, General Motors, saying:
“You know, listen, Phil, you had an amazing interview with Mary Barra, I’ve got to ask you, it looks like that Ford has an edge on GM. When it comes to what’s going on. In terms of tariffs. Because I think that Jim Farley for whatever reason makes much more in pure America than GM does. [Phil agreed]”
7. Moderna, Inc. (NASDAQ:MRNA)
Number of Hedge Fund Holders: 44
A caller from New Jersey asked about Moderna, Inc. (NASDAQ:MRNA), explaining that some family members had owned it during its run-up to $400 and that he was now considering buying it around $130. Cramer confirmed his long-standing belief in the stock back then, saying:
“I’m a believer. I’ve been a believer with Steph Bancel since $16. I’ve never backed away, other than the fact it went crazy during COVID and then it crashed. And ever since it crashed, I’m in. I’m in.”
Cramer’s confidence in Moderna proved costly, as the stock plunged 81.28% over the past year.
Moderna, Inc. (NASDAQ:MRNA) is a biotechnology company specializing in mRNA-based vaccines and therapies, best known for its COVID-19 vaccine. Earlier in March, Cramer gave a reason for the stock’s recent dip, saying:
“Now, let’s consider the other side of the trade, the biggest losers, all of which were somehow connected to the data center except Moderna, which plunged 7% because of Financial Time’s story. It says they might… be targeted by RFK Junior at Health and Human Services and it’s certainly possible.”
Addressing the company’s struggles, Cramer said the following in April:
“[On MRNA being down after an FDA official resigning] I found that this was really extraordinary. Dedicated official. Obviously gonna be fired or has to leave. Has favored MRNA. MRNA had been part of the discourse to be able to . . .personalized cancer vaccines. If that’s halted. Then I think that you would question the worth of Moderna. David, Moderna… problematic. Problematic…”
6. Mind Medicine (MindMed) Inc. (NASDAQ:MNMD)
Number of Hedge Fund Holders: 21
A caller brought up Mind Medicine (MindMed) Inc. (NASDAQ:MNMD), a biotech company focused on psychedelic treatments for mental health. Cramer said he was supportive back then, particularly of companies tackling pain and addiction:
“I like MindMed. I am a big believer in that, by the way. I’m in Vertex too. Anything, I’m into it, anything that makes it so that there’s ways to be able to get rid of pain and do good without getting people hooked, I am all in on. Does it necessarily mean it’ll make a lot of money? I don’t care. I think that people have to recognize this is an unmet need and it will make money in the end.”
Cramer’s optimism was not rewarded, as the stock dropped 22.97% despite his belief in its long-term potential.
Mind Medicine (MindMed) Inc. (NASDAQ:MNMD) is a clinical-stage biotech firm developing psychedelic-inspired treatments for mental health and addiction disorders.
5. Modine Manufacturing Company (NYSE:MOD)
Number of Hedge Fund Holders: 43
A caller asked about Modine Manufacturing Company (NYSE:MOD), an industrial company specializing in thermal management and HVAC systems. Cramer said this was exactly the kind of industrial stock that’s working in the market back then:
“Okay, that kind of metal-bending industrial company is precisely what’s working here. And it’s what we preach at the club. And that is a club-like name. Well, not club, I mean like the group of people. Not a club. But I like the concept.”
Cramer’s endorsement had limited effect, as the stock declined slightly by 0.55% since the call.
Modine Manufacturing Company (NYSE:MOD) engineers thermal management and HVAC solutions for vehicles, data centers, and commercial buildings. Earlier in March, Cramer mentioned that the stock was getting hit by a swarm of sellers:
“Yeah, I gotta tell you… people decided that that is part of the data center and the CFO sold a lot of stock so people are itching to get out. It has come down so much. I don’t know what they’re itching about.”
4. AMETEK, Inc. (NYSE:AME)
Number of Hedge Fund Holders: 51
A caller asked about AMETEK, Inc (NYSE:AME), praising its chart and its role in electromechanical devices and gas analyzers for the semiconductor industry at the time. Cramer was enthusiastic back then, saying:
“Oh man, come on, AME? Just one of the great industrials too. I mean, absolutely terrific company. Used to own a ton of it when I was at my hedge fund. I like what you’re up to.”
Cramer’s endorsement was modestly correct, with the stock rising 6.43% over the past year.
AMETEK, Inc. (NYSE:AME) is a global manufacturer of precision instruments and electromechanical devices used across aerospace, power, and semiconductor industries.
3. Hertz Global Holdings, Inc. (NASDAQ:HTZ)
Number of Hedge Fund Holders: 35
A caller asked whether to sell or double down on Hertz Global Holdings, Inc. (NASDAQ:HTZ), expressing frustration with the company’s EV strategy and customer charging model at the time. Cramer took a middle-ground approach, saying:
“I don’t want you to sell and I don’t want you to double down. Just — let’s just see if it can’t go higher. I don’t like the fact that my friend Stephen Scherr left it. I do think that it’s probably too cheap right now. But if it got to $8 or $9, I would sell the stock.”
Cramer’s neutral stance didn’t pay off, as the stock declined 2.50% over the past year, briefly reaching its $8 target price only recently before dropping again.
Hertz Global Holdings, Inc. (NASDAQ:HTZ) is a global car rental company undergoing a transition toward electric vehicles and mobility services. Cramer discussed the stock again in April, after a caller asked him about his opinion on Bill Ackman’s stake. Cramer was cautious, saying:
“Okay, well, you know, I don’t know what Bill Ackman’s going to do because it’s, I don’t know him, and all I can tell you is that the stock’s had a very big run. It’s not a great company. I’ve seen great people befell by the stock. So I think you could take the money and run and be, or at least take out your cost basis. How about that? And let the rest ride. That would be the most prudent thing to do.”
2. Adobe Inc. (NASDAQ:ADBE)
Number of Hedge Fund Holders: 59
A caller asked about Adobe Inc. (NASDAQ:ADBE), concerned about its 20% decline year-to-date and underperformance relative to its price targets at the time. The caller specifically wanted to know whether to hold or sell ahead of its upcoming earnings, to which Cramer replied with:
“No no no no, it’s really the cheapest I’ve seen. And a lot of this is — it’s down 20% year — a lot of this is because [of the] belief that they weren’t able to buy this Convergent, and that they have too expensive a suite offering and they have to cut the price of the suite offering. You know Shantanu Narayen’s going to figure this one out. Now I don’t know how he’s going to figure it out. I don’t have an answer for him. But I’m betting. I’m not running Adobe, and I know that he’s a smart person, and therefore I’m backing with him. At the level of 475, give or take like 10 or 15 points. So there I go.”
Cramer’s support for Adobe was misplaced, with the stock falling 16.07% since he urged investors to back the CEO.
Adobe Inc. (NASDAQ:ADBE) is a multinational software company known for its Creative Cloud suite, powering digital content creation across design, marketing, and publishing. Addressing the company again in April, Cramer highlighted some possible reasons for the stock’s fall, saying:
“Adobe, what a great company. Its stock is down almost 35% from its high set last year […] Adobe has come up with a few AI tools of its own headlined by Adobe Firefly – it’s a Lamborghini, wow! It’s a really impressive technology. But the problem is OpenAI can also do these things too. So is Adobe being hurt or helped by AI? It’s really hard to say. […] I’m not sure I’d stick my neck out for Adobe with its generative AI threats.”
1. Palantir Technologies Inc. (NASDAQ:PLTR)
Number of Hedge Fund Holders: 64
A caller in that older episode mentioned having a substantial position in Palantir Technologies Inc, (NASDAQ:PLTR), and asked for Cramer’s opinion. Cramer criticized the company’s inconsistent quarters at the time:
“Okay, here’s the problem with Palantir. The quarters are uneven. And Alex Karp doesn’t want to come on the show. And I don’t really understand how I can possibly make a judgment unless he comes on.”
Cramer’s scepticism was completely off the mark, as Palantir skyrocketed 507.18% over the past year.
Palantir Technologies Inc. (NASDAQ:PLTR) builds AI-powered data analytics platforms used by governments, defence agencies, and large enterprises for decision-making and operations. What’s surprising is that Cramer remains unconvinced, even after the company’s parabolic move. Here’s what he said on the 2nd of May:
“The ultimate meme stock for the moment is this company called Palantir, which reports. It’s a cybersecurity company. Now this one’s moved up by persistent retail buying that starts around 4:00 AM every day when they literally walk it up a couple of points before the bell and then continue to keep it at that level until the close.
It’s possible the story’s not as big as the hype or the hope, but we know that Palantir’s got a constituency of retail buyers that just won’t quit. I don’t know if they’ll quit when they see the number.”
PLTR is a stock Jim Cramer recently discussed. While we acknowledge the potential of PLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PLTR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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