In this article, we will look at the stocks on which Jim Cramer commented, as he emphasized that SpaceX investors are betting on Elon Musk rather than the company’s earnings. The host of CNBC’s Mad Money said Tuesday that skeptics will always question SpaceX and its valuation, but he does not believe that skepticism will prevent the stock from moving higher because there are “multiple reasons why people love it.”

Beautiful stock prices are in the eye of the beholder. And to the holders of SpaceX, there’s nothing more gorgeous than a price of $201.80, up $9.30 today alone. That’s where this stock went out… Sure, the stock is called SpaceX, but it might as well be called Elon Musk. There’s no way this company, which could see losses for many years, deserves such a high valuation on its own. It only gets there because it’s run by Musk, who this weekend, tweeted that the company might have $1 trillion in revenue by 2030 and more than $1 trillion by 2031.

READ ALSO Jim Cramer’s 29 Stock Calls and Space Players Worth Watching Like SpaceX and Rocket Lab and 6 Stocks on Jim Cramer’s Radar and His Caution Regarding SpaceX IPO

Cramer said that if SpaceX truly has that level of long-term revenue potential, then the stock would be a bargain even with a market capitalization of $2.6 trillion. However, he pointed out that Musk has occasionally been overly optimistic when discussing the distant future. He noted that Musk’s projections are roughly three times higher than Morgan Stanley’s estimates, which were based on extensive due diligence for the IPO. He added that forecasts of that nature are not made casually.

The bottom line: There have been doubters the whole way, and the stock’s already surged from $135 to $201.80 in a matter of days. While you’re sitting here trying to justify SpaceX’s valuation, the buyers are relentlessly pushing it up right in your face, and I bet they keep going.

Our Methodology

For this article, we compiled a list of 13 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on June 16. We listed the stocks in the order that Cramer mentioned them.

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. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).

Jim Cramer Commented on 13 Stocks Like Meta and Yum! Brands

13. Ashland Inc. (NYSE:ASH)

Ashland Inc. (NYSE:ASH) was among the stocks on which Jim Cramer commented, as he emphasized that SpaceX investors are betting on Elon Musk rather than the company’s earnings. Toward the end of the lightning round, a caller inquired about the stock, and Cramer replied:

You got an outfit called Ancora in there, and they’re going to try to bring out some value. Frankly, there is a lot more value to it than where it is selling. I urge you to hold on to the stock. I think it could go higher.

Ashland Inc. (NYSE:ASH) manufactures specialty chemical additives and performance ingredients used across commercial markets, including food, construction, and pharmaceuticals. American Century Investments Small Cap Value Fund stated the following regarding Ashland Inc. (NYSE:ASH) in its third quarter 2025 investor letter:

Ashland Inc. (NYSE:ASH). We opened a position in this global specialty chemical company, which has shifted its focus to serving the consumer and pharmaceutical end markets. Despite what we believe is a high-quality portfolio, the stock is trading at a steep discount to historical valuations.

12. Trulieve Cannabis Corp. (NYSE:TRLV)

Trulieve Cannabis Corp. (NYSE:TRLV) was among the stocks on which Jim Cramer commented, as he emphasized that SpaceX investors are betting on Elon Musk rather than the company’s earnings. A caller asked for Cramer’s opinion of the company, and in response, he said:

Okay, I’ve always liked the brand name. I’ve always felt that it’s considered to be in a, you know, kind of in a miasma of different companies that do it, it’s the only one that stands out. I think that means a lot to people. I think it’s a terrific spec, a terrific… I think the President’s team is not anti-cannabis. So I’m going to say I like the call. I like it a lot.

Trulieve Cannabis Corp. (NYSE:TRLV) grows, processes, and retails cannabis products, and distributes items such as flowers, concentrates, and edibles through home delivery and dedicated dispensaries.

11. ImmunityBio, Inc. (NASDAQ:IBRX)

ImmunityBio, Inc. (NASDAQ:IBRX) was among the stocks on which Jim Cramer commented, as he emphasized that SpaceX investors are betting on Elon Musk rather than the company’s earnings. When a caller mentioned that, as per their observation, the company seems to have become a “mid-cap commercial revenue generator” from a “small-cap spec play,” Cramer remarked:

I think that’s a good way to look at it. But I will tell you that’s going to be your spec. Remember, in How to Make Money in Any Market, I encourage speculation as long as it’s only one position. If you own two positions, then I don’t encourage it. Let ImmunityBio be your speculation.

ImmunityBio, Inc. (NASDAQ:IBRX) develops therapies designed to strengthen the immune system against infectious diseases and several cancers. A caller inquired about the stock during the April 17 episode, and Cramer commented:

You know there’s a lot of dispute about what they did. And I’m going to tell you that it is not clear exactly what they did wrong, but they got in trouble… I got to see how they get out of trouble, and then we’ll take a hard look at it.

10. CAVA Group, Inc. (NYSE:CAVA)

CAVA Group, Inc. (NYSE:CAVA) was among the stocks on which Jim Cramer commented, as he emphasized that SpaceX investors are betting on Elon Musk rather than the company’s earnings. When a caller asked if the company has more room to run on the “backs of Gen Y and Gen Z,” Cramer commented:

Is it okay that my sister and I like it too? We’re a little bit older. Yes, you want to buy CAVA. I think it’s the best of the new concepts… There’s something there for everybody, there really is. It’s tasty, clean, fun.

CAVA Group, Inc. (NYSE:CAVA) operates a restaurant chain under the CAVA brand and sells dips, spreads, and dressings through grocery retailers. During the April 16 episode, a caller mentioned that they bought the shares at $88, are in red, and asked Cramer if they should buy more. The Mad Money host replied:

You’re in the red? CAVA’s at $91. You’re not in the red. You’re doing great… I just think it’s exactly what you said. I think it actually might be the next Chipotle. I want you to hold on to it, and if it comes down, I think… You should buy more.

9. Xometry, Inc. (NASDAQ:XMTR)

Xometry, Inc. (NASDAQ:XMTR) was among the stocks on which Jim Cramer commented, as he emphasized that SpaceX investors are betting on Elon Musk rather than the company’s earnings. Cramer highlighted the company’s stock price action during the episode, as he said:

Here’s a stock that’s up almost 45% year-to-date, 180% over the past 12 months. Now, if you’re any kind of manufacturer, even a smaller business that needs something custom-made, Xometry can help you source all kinds of parts and assemblies. They’re the first to digitize this entire process. Last month, the company reported a blowout quarter and also announced a major partnership with Siemens, including a $50 million investment. I think that’s a major endorsement.

Xometry, Inc. (NASDAQ:XMTR) provides an AI-driven marketplace that connects buyers with manufacturing suppliers. It offers instant quoting, collaboration tools, cloud-based workflow solutions, and industrial sourcing services. The company also supports a wide range of manufacturing and production capabilities, including CNC machining, injection molding, 3D printing, sheet cutting, casting, prototyping, and finishing services. During the lightning round of May 20, a caller inquired about the stock, and Cramer responded:

I know Xometry’s growing like a weed. I’m going to invite Xometry on. I don’t know them well enough to opine on the company, but I do know that it’s in the right space. Let’s get them on the show.

8. Yum! Brands, Inc. (NYSE:YUM)

Yum! Brands, Inc. (NYSE:YUM) was among the stocks on which Jim Cramer commented, as he emphasized that SpaceX investors are betting on Elon Musk rather than the company’s earnings. Cramer called it one of his favorites, as he commented:

This morning, Yum! Brands, long one of my favorites, made it official. The restaurant company… KFC, Taco Bell, and Pizza Hut has decided to sell off pizza. The non-China business goes to LongRange Capital, that’s a private equity firm paying roughly $1.5 billion, while the mainland China business goes to Yum China for $1.2 billion. Oh, that’s a big chunk of change here. At the same time, Yum’s board of directors approved a $4 billion buyback, which is equal, by the way, to roughly 9% of the company’s current market cap. This is meaningful. I think this is a brilliant move. KFC has been solid. Taco Bell’s terrific, but pizza has been a drag.

Yum! Brands, Inc. (NYSE:YUM) develops and franchises several quick-service restaurants, including well-known brands such as KFC and Taco Bell. Cramer discussed the upcoming sale of the company’s pizza business during the June 2 episode. He stated:

Got two fast food companies that are down on their luck that we all know, McDonald’s and Yum! Brands… As for Yum, yesterday we started hearing chatter that they’re in talks to sell the ne’er-do-well Pizza Hut business to an outfit called LongRange Capital. I thought this one would explode higher on the news because the remaining KFC and Taco Bell are two amazing performers. I think the love affair with tech though, is taking the stock down to well below where it should be. A Yum free of Pizza Hut is a Yum that’s going to trade much higher.

7. Meta Platforms, Inc. (NASDAQ:META)

Meta Platforms, Inc. (NASDAQ:META) was among the stocks on which Jim Cramer commented, as he emphasized that SpaceX investors are betting on Elon Musk rather than the company’s earnings. During the episode, a caller asked for Cramer’s take on the company, and he replied:

Alright, Meta, well, I’ll talk about another aspect of Meta because I just said I like Meta. Meta’s doing a program that we featured on Mad Money. Dina Powell McCormick is doing some amazing things to help small, medium-sized businesses and younger, well, actually, everybody to learn how to do trades, that’s right, to learn how to be an electrician, to learn how to be a plumber, learn how to work in a data center. And I can’t salute them enough because it’s going to make a big difference, because they’re putting the money up for you if you want to be a tradesperson.

Meta Platforms, Inc. (NASDAQ:META) develops technologies and applications that connect people through social networking and messaging. The company’s portfolio includes Facebook, Instagram, WhatsApp, Messenger, Threads, and virtual and augmented reality products.

6. Snap Inc. (NYSE:SNAP)

Snap Inc. (NYSE:SNAP) was among the stocks on which Jim Cramer commented, as he emphasized that SpaceX investors are betting on Elon Musk rather than the company’s earnings. When a caller asked about the company, Cramer stated:

Well, I think that the company has now cemented itself as a disappointment, no matter what they do. And I know that’s probably cruel, probably not fair. I watched the segment that was on today on CNBC. Seemed interesting, but you know what? They do not have credibility on the Street. And I am a big believer in that. I happen to have Metas goggles, glasses. I have all of them. I’ve got the ones that are sunglasses, but also the ones that are regular. And I like Meta, and I think META is the one to buy, not SNAP.

Snap Inc. (NYSE:SNAP) is a technology company that provides the visual messaging application Snapchat and augmented reality glasses. The company also offers a subscription service for exclusive features and a suite of advertising products. During the April 28 episode, a caller mentioned that they’ve held the stock since 2022 and asked for Cramer’s thoughts. He responded:

You know what? I’m a growth buyer, and this company does not have growth, and that’s why the stock has been so awful.

Click to continue reading and see Jim Cramer Commented on 5 Stocks Like Vertiv and GE Aerospace.

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