During a recent episode of Mad Money, which aired on Friday the 2nd of May, Jim Cramer discussed some macro-based data that affected the stock market over the past week:
“When you get a strong employment report like we did this morning, it does a lot of things that you need to know about. First, it takes a near-term recession kind of off the table. Very difficult to have recession with a 4.2% unemployment rate. That’s just too much demand for workers.”
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He warned his viewers to not get excited about the recent rally but admitted that the recent earnings reports were encouraging:
“So keep in mind that today’s rally may not be one off as we go through our game plan for next week. But first, let me just say we’re over the hump. We’ve now had companies that reported fabulous numbers.”
His last cautious warning was to look out for any possible geopolitical escalations between the U.S. and China:
“Here’s the bottom line: We know that we’re living through a time of great tumult. We could easily be thrown off if President Trump responds harshly to this Chinese olive branch this very weekend. If that happens, there could be some unwinding to do. Right now, though, it looks like the momentum can keep up as long as we don’t get a total breakdown in the nascent trade talks between the world’s two biggest nations.”
Our Methodology
For this article, we compiled a list of 11 stocks that were discussed by Jim Cramer during Mad Money episodes that aired on the 5th and 6th of May, 2024. We then calculated their performance for the past 12 months, until May 6th, 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).
11. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 166
Cramer talked about Apple Inc. (NASDAQ:AAPL) in the context of its earnings report, upcoming product launches, and its connection to Nvidia’s Vision Pro integration at the time. Cramer was trying to reassure investors after Apple’s stock had fallen sharply. Here’s what he said back then:
“Apple pulled back hard going into its good quarter. It reminds you that the critics and commentators can often lead you astray.
[…] Apple now has a pretty clear glide path. […] The next generation phone might be a must-buy. […] I think the jokes about the Vision Pro will be retired next year… and that possibility is not baked into the share price at all. […]
“Apple’s quarter was better than feared, its guidance was better than expected. […] When I asked Tim Cook whether the next iPhone would have all the cool AI capabilities that Samsung had, he laughed and assured me not to worry about that. Now that makes me think that the next iPhone iteration will be a must buy which means that you should be buying Apple stock right now.”
Although the iPhone giant is only up by 8.46% since those comments, they can still be seen as an accurate prediction.
Apple Inc. (NASDAQ:AAPL) is facing some unique challenges recently. While discussing its most recent earnings, here’s what Cramer said on the 1st of May:
“Apple gave us a classic top and bottom line beat with sales up 5% year-over-year and earnings per share up 8% despite strong FX headwinds in the period.
Everyone was worried about iPhone sales, but those came in nearly $1 billion ahead of expectations with Apple CEO Tim Cook telling me tonight there was no evidence of a temporary sales boost from consumers buying ahead of the tariffs. China sales a little light of but isn’t that expected by now? Offset by much better than expected sales in the Americas and the rest of Asia.
Apple continues to achieve record sales in many emerging markets. The stock, by the way, get this: It’s reduced its share count by over 40% since 2012. It announced a new $100 billion dollar share purchase repurchase tonight. Only the very consistent service revenue line was light. That was disappointing. Got to call it when I see it.
I expect that the company will give more color on the exposure to tariffs and the potential impact that they might have on the rest of the year during the earnings call which is currently ongoing. And while the strength of the first quarter results themselves are a great reminder of why it never really pays to get too negative on the world’s largest company, Apple’s estimating it will have $900 million in cost increases and tariffs next quarter. That is suboptimal. Not their fault. It will matter, but it’s suboptimal. […]
Even though it’s the slowest growing and the most tariffed, it does still make the most beloved products in the world.”
10. Reddit, Inc. (NYSE:RDDT)
Number of Hedge Fund Holders: 87
In that episode, Cramer was previewing Reddit, Inc. (NYSE:RDDT)’s upcoming earnings report. He compared it to peers like Pinterest and Snap, and expected strong performance right out of the gate. Here’s what he said back then:
“Also at the close—oh, this is a new one—Reddit reports. And I’m thinking they’re going to put up some healthy numbers right out of the chute. Pinterest and Snap reported excellent traffic and advertising. Those are good comparisons for Reddit. I anxiously await a very positive story in my humble opinion. […]
If you want very good stories that don’t rely on rate cuts from the Fed maybe consider Reddit by the way, after tonight’s beautiful set of numbers. You know what we’re going do, we’re going talk to the CEO and if you feel like I do, maybe that’s the one to buy.”
Cramer’s early enthusiasm for Reddit was spot-on, as the stock skyrocketed by 149.42% after his prediction.
Reddit, Inc. (NYSE:RDDT) is a newly public social media platform that monetizes user-driven communities through advertising. Following a recent pullback, here’s what Cramer replied to a caller about it in a recent episode:
“Well… Oh man, Reddit. I think Reddit is a very good stock. It came down way too much because there were, it was a short squeeze, and then it evaporated. But I think management, Huff’s (CEO Steve Huffman) doing a great job. I would be a buyer.”
9. ARM Holdings plc (NASDAQ:ARM)
Number of Hedge Fund Holders: 42
Cramer mentioned ARM Holdings plc (NASDAQ:ARM) while previewing a group of tech earnings in that episode. He expressed enthusiasm for the company’s semiconductor architecture and compared its potential to a proven winner. Here’s what he said back then:
“I really like Arm Holdings and I think we can see some very strong numbers from René Haas’ company—that’s the advanced semiconductor design firm that kind of reminds me of Qualcomm. What a home run that’s been. […]
“This is a terrific semiconductor architecture company taking market share working arm and arm with Nvidia. […] From everything I hear, Arm’s CPU business is incredibly strong.”
Cramer’s bullish outlook was accurate, with the stock gaining 19.91% since then.
Cramer remains a fan of ARM Holdings plc (NASDAQ:ARM). Here’s what he said about it in early February:
“Tomorrow, we’re going to hear from Arm. And you’re going to hear Arm saying listen we’re winning that arms race in CPUs too. So there’s just a lot of them and they have a confluence of things with Jensen. But I just come back and say, Rene Haas doing better, at Arm, Jensen Huang doing better in NVIDIA.”
8. GE Vernova Inc. (NYSE:GEV)
Number of Hedge Fund Holders: 111
A caller asked Cramer about GE Vernova Inc. (NYSE:GEV), and he responded with a nuanced take, pointing to the company’s real value in natural gas distribution despite common assumptions about renewables. Here’s what he said back then:
“This is an interesting thought ’cause right now it’s really a play on Natural Gas distribution. I know it’s got you know people want to be about wind and it’s got nuclear, but it’s natural gas and believe it or not, natural gas is very strong. So I think the stock is a buy. But it may not be the environmental play that people think it is.”
Cramer nailed it with that prediction, with the stock surging 141.25% since then.
GE Vernova Inc. (NYSE:GEV) is a GE spin-off focused on energy solutions, including natural gas, wind, and nuclear power technologies. Here’s what Cramer said about the stock in late April:
“I have . .GE Vernova and I’ve got Vertiv on tonight. . the CEOs. And I just want to say that there’s been a lot of what I regard as misinformation about the data centers slowing. And both, when you read the Vertiv notes, like forget it, the business is on fire. When you speak to Scott, Scott Strazik who’s the CEO of GE Vernova, he would tell you that the hyperscalers like to play. Like they put some here, they wanna put there, and they talk about doing this, talk about that. But in the end the orders are up and that anyone who thinks that the hyperscalers are scaling back, frankly, is just, not telling the truth.”
“What Scott is saying for GE Vernova is that’s the game they’re playing. They’re just trying to build it here, they’re trying to build it there. They’re not gonna let each other know. It’s just a little bit more secretive but I’m the keeper of the order book and the order book is [inaudible]. So those who are trying to get those down . . .they gotta rethink their game. They gotta rethink. It’s all I’m saying.”
7. Kyndryl Holdings, Inc. (NYSE:KD)
Number of Hedge Fund Holders: 41
When asked about Kyndryl Holdings, Inc. (NYSE:KD), Cramer praised the company’s recent performance and credited CEO Martin Schroeter for the turnaround. Here’s what he said back then:
“Okay Kyndryl’s the last two quarters have been terrific Martin Schroeter’s done a remarkable job. It’s been going higher and higher and higher and I think that Martin’s going to continue to deliver and it’s a good opportunity.”
Cramer correctly backed Kyndryl’s turnaround story, and the stock rose 63.24% following his call.
Kyndryl Holdings, Inc. (NYSE:KD) is an IT infrastructure services provider spun off from IBM, with a focus on enterprise transformation.
6. Quanta Services, Inc. (NYSE:PWR)
Number of Hedge Fund Holders: 67
Cramer reacted enthusiastically when asked about Quanta Services, Inc. (NYSE:PWR), praising the company’s performance and long-term potential. Here’s what he said back then:
“Oh my God, they’re so good. Isn’t it incredible? Quanta is just such a terrific company, and I always say let’s get in there, let’s get in there. And we don’t… and—let’s take it.”
Cramer’s praise for Quanta was justified, as the stock rose 17.87% after his call.
Quanta Services, Inc. (NYSE:PWR) is an infrastructure solutions provider serving the utility, energy, and communications sectors. On April 22, Cramer gave another nod to the stock, saying:
“Alright, this is a Stephanie Link favorite, Quanta. I agree with her. I think it’s a buy.”
5. Agnico Eagle Mines Limited (NYSE:AEM)
Number of Hedge Fund Holders: 53
When a caller asked about getting exposure to gold, Cramer endorsed Agnico Eagle Mines Limited (NYSE:AEM), citing confidence in the miner’s chairman. Here’s what he said back then:
“I think that Sean Boyd’s been delivering since he’s been on the show. He’s got a really good hand, he’s been playing it. And I like the gold stocks, and I do like gold very much.”
Cramer was spot on with this one, as the stock has risen by 80.15% since.
Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold mining company with operations in North America and strong production growth. Cramer has been a fan of the stock for a while now and with Gold’s recent bull run, he had this to say:
“You can buy the Gold, or you can buy Agnico Eagle Mines, which is the best of the golds. Start here. It’s been up a lot. It’s up 51% for the year. Don’t be aggressive till it comes down.”
4. Simon Property Group, Inc. (NYSE:SPG)
Number of Hedge Fund Holders: 40
Cramer highlighted Simon Property Group, Inc. (NYSE:SPG) ahead of its earnings report at the time, emphasizing its consistent performance and attractive dividend yield. He noted it as one of his long-time favorites. Here’s what he said back then:
“One of my absolute favorite, Simon Property Group might be- it’s going to report and this may put up some just terrific set of numbers, with that 5.5% yield the risk seems low while the reward May simply be to be just I think sensational. Remember this is the highest quality mall real estate in the world. Simon properties was on last time; I thought they told a fantastic story frankly.”
Cramer’s bullish call on Simon Property Group paid off, as the stock rose by 12.54% since his comments.
Simon Property Group, Inc. (NYSE:SPG) is a real estate investment trust known for its premium mall holdings and strong dividend track record. Cramer was asked about the stock recently and whether the company had any exposure to tariffs. Here’s what he replied with:
“Well, they have some exposure because they have some retail. But you know what, I’ve gotta tell you, they are a terrific company. Got a 5.7% yield. I think Simon Property should be bought and bought right here.”
3. Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)
Number of Hedge Fund Investors: 18
Cramer discussed Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in depth after a viewer question triggered a deep dive. He revisited the company’s long-term decline and expressed cautious optimism pending an upcoming strategy update. Here’s what he said back then:
“I myself am amazed that this stock has dropped like a rock and I’ve been amazed because I think they can cover that dividend. I used to recommend the stock and it’s been horrendous. […]
I want to recommend Cracker Barrel. I really do. But I’m not quite there yet. I’m afraid of the dividend cut. […] I’m optimistic about new CEO Julie Masino and her turnaround plan, but I’ve got to hear what they say in two weeks, especially on that dividend front.”
Cramer was right to be hesitant on Cracker Barrel, which dropped 23.87% after his cautious remarks.
It appears that Cramer has regained its interest in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL). Here’s what he said in early April:
“I’m really interested in this. It’s a stock that’s fallen drastically over the past few weeks, but that’s not without reason either, with management blaming not just the weather, but also macroeconomic uncertainty as a reason for some of the challenges in early February. That’s suboptimal. So, what’s there to like about it? Then how about the stellar set of numbers that the company just reported yesterday morning, with much better-than-expected same-store sales growth? Macro uncertainty is already baked into Cracker Barrel’s four-year forecast at this point, which they raised, by the way, while management admitted that February got off to a challenging start. They said the last two weeks have seen meaningful improvement. I like that. Cracker Barrel is still very much a work in progress, something that CEO Julie Masino is quite candid about on the conference call. At this point, the stock’s almost pulled back to where it was trading when I started recommending it last summer. A U-turn? I think Cracker Barrel is a buy.”
2. Cava Group, Inc. (NYSE:CAVA)
Number of Hedge Fund Holders: 47
Cramer spoke about Cava Group, Inc. (NYSE:CAVA) in response to a caller question on whether it could follow Chipotle’s footsteps. Cramer was bullish. He cited its alignment with consumer health trends and encouraged buying it amid the broader selloff. Here’s what he said back then:
“[On whether it can follow Chipotle’s footsteps] Yes. Yes I think it can. Cava can. And I’ll you what. Because Cava has that Mediterranean diet going for it that is very good for you. And that’s what people want. There’s a whole cohort of people that’s all they want. They want to eat out and feel good and be good, and Cava fits that depiction. I am urging you to stop waiting for a correction to give you better buying opportunities, because we just had one as I just demonstrated. And I think we may be closer to the end of the selloff. It doesn’t mean we’re done, but it does mean you buy it.”
This was a great call by Cramer as the stock bounced back by 25.58% since then.
His opinion holds firm. Talking about Cava Group, Inc. (NYSE:CAVA) in a recent episode, Cramer had this to say:
“I like it here. I like it here for the long term. Why? Because I think the Mediterranean is a kind of food that can be like Chipotle, it can be the previous, you know, just the way Chipotle had a big run. I think Cava can too.”
1. Rubrik, Inc. (NYSE:RBRK)
Number of Hedge Fund Holders: 41
Cramer gave his take on Rubrik, Inc. (NYSE:RBRK) during the lightning round segment. He complimented the company’s quality but warned about its valuation. Here’s what he said back then:
“Alright now, understand if you’re willing to own a very expensive enterprise software company you can own Rubrik because it is a really good company but it is really expensive.”
Cramer’s take that Rubrik was “expensive but good” proved more than solid, as the stock jumped 128%.
Rubrik, Inc. (NYSE:RBRK) is a cloud data management company offering backup, recovery, and cybersecurity solutions. Cramer remains a big fan of the stock. Here’s what he said in April this year:
“Okay, this is again, it’s another stock, Bipul Sinha came on the show. I thought he told an amazing story, cybersecurity. Do we need to be in a Mag Seven when we can be in a Rubrik?”
RBRK is a stock Jim Cramer recently discussed. While we acknowledge the potential of RBRK 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 RBRK but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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