Jim Cramer Commented on 10 Stocks and the Recent Macro Rally

Jim Cramer, the host of Mad Money, on Wednesday suggested that viewers widen their outlook beyond the tech names and give other corners of the market a look.

“We keep hearing about the overstretched consumer and the chilly job market. Now, based on this endless drumbeat of negative news, shouldn’t the stock market by all measures and means be way down? Just today we got some ugly data points… Okay, I ain’t no economist, but I know the job market. Small businesses, not large businesses, are the backbone of the American economy. Large businesses lay off people to increase profits. Small businesses hire so they can expand. See, the ADP numbers are a sign of real economic weakness. You think that’s a bad thing for the stock market, right? Wrong.”

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Cramer pointed out that a major rally may be sitting right in front of investors who are too distracted to see it. He said the market has become so consumed with talk about tech, the data center build-out, the power demands tied to those data centers, the cost of running them, the price of semiconductors, worries about the AI narrative, debates about jobs disappearing because of AI, earnings from the hyperscalers, whether Microsoft is slowing, how many iPhones Apple actually sells, disputes around OpenAI, and constant criticism of NVIDIA, that a broader move in the market could go unnoticed. He said the trench-warfare mindset in tech is making it easy for people to overlook what is happening elsewhere.

“Here’s the bottom line: For once, we have a genuine macro rally. Let’s stop obsessing on what we don’t know about tech. And let’s just own, not trade Apple and NVIDIA, and get long the real economy stocks that could be poised for a world championship run for the roses into the end of the year, barring something crazy coming out of the White House… Stop stressing about AI and go buy some banks or some retailers. And while you’re at it, take a couple of transports.”

Our Methodology

For this article, we compiled a list of 10 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on December 3. We listed the stocks in the order that Cramer mentioned them. 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.

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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).

Jim Cramer Commented on 10 Stocks and the Recent Macro Rally

10. Bristol-Myers Squibb Company (NYSE:BMY)

Number of Hedge Fund Holders: 76

Bristol-Myers Squibb Company (NYSE:BMY) is one of the stocks Jim Cramer commented on along with the recent macro rally. Cramer mentioned the stock during the episode, as he commented:

“Then it might be a comeback to the drug stocks. Why? Well, remember, lots of people think the economy is stalled or in a tailspin. They’re wrong, but they’ll want to participate. When money managers are worried about the economy, they reach for Johnson & Johnson, Merck, Eli Lilly, Vertex… and Amgen, and even lowly worm Bristol-Myers now that it’s got a readout on some drug for agitated Alzheimer’s patients. No, it wasn’t an approval. It wasn’t even a well-run trial. It’s just that they didn’t have to cancel it or say that it doesn’t work. And on that really incredible news, the stock pole vaulted 5.6%. Unbelievable.”

Bristol-Myers Squibb Company (NYSE:BMY) develops and sells medicines for cancer, heart, immune, and brain conditions. Its products include well-known drugs like Eliquis, Opdivo, Revlimid, and Orencia.