On Thursday, Mad Money host Jim Cramer addressed the tension many investors feel as markets continue to rise in ways that defy long-held skepticism.
“The cynics just can’t believe what’s happening in this market. They’re so used to finding reasons to be bearish that they’re being overrun by positive events… Can these negativists stay baffled? Will they have to commit, convert, get bullish? I don’t know if they can do it, but they’re going to have to if…they want to stop losing the money that they have under management.”
READ ALSO: Jim Cramer Talked About These 18 Stocks and Jim Cramer Weighed In on These 9 Stocks.
Cramer reiterated a theme he has been stressing for some time, saying, “I told you this was the year of magical thinking.” He noted that many undervalued stocks are being gradually recognized by the market, stating that they “are going to be less cheap as they go up.” Still, he mentioned that bearish investors resist the idea that any of these stocks should be appreciating.
“The moral of the story: when there is this much money sloshing around, okay, when there are funds and families with trillions of dollars being put to work, it’s awfully hard to ignore what they’re going to do with that money.”
Cramer said that the bearish investors have likely seen minimal gains heading into September, which historically carries a negative reputation. He said that they seem to be waiting for the market to stumble before reentering, but “it’s not.” With only four months left in the year, he suggested that those still waiting for a correction might be running out of time to act, even if doing so means walking away from their entire investment thesis.
“But the bottom line: If the bearish money doesn’t pull the trigger soon and become buyers, their investors will go somewhere else, and then the bull market won’t be the manager’s problem anymore.”
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 September 11. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the second quarter of 2025, which was taken from Insider Monkey’s database of over 900 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Jim Cramer Commented on These 10 Stocks
10. Canadian National Railway Company (NYSE:CNI)
Number of Hedge Fund Holders: 43
Canadian National Railway Company (NYSE:CNI) is one of the stocks Jim Cramer commented on. During the lightning round, when a caller asked about the stock, Cramer remarked:
“I think Canadian National is way too cheap. You get that 2.7% yield. You’ve got a very low price-to-earnings multiple. I like Canadian Nat.”
Canadian National Railway Company (NYSE:CNI) provides rail, intermodal, trucking, and supply chain services, providing door-to-door transport, logistics solutions, and specialized cargo handling. Appalaches Capital stated the following regarding Canadian National Railway Company (NYSE:CNI) in its Q1 2025 investor letter:
“Both Canadian National Railway Company (NYSE:CNI) and CSX are exposed to imported freight volumes, yet both have held up well despite the fact. With an increase in port fees for Chinese ships in the U.S., Mexican and Canadian ports on the Pacific Coast will likely see more volume, the latter of which benefits Canadian National. Both Canadian National and CSX are positioned to benefit from a tightening trucking market with tender rejections rising. CSX recently suggested that any rebound in industrial production resulting from the tariffs would be highly constructive for East Coast volumes. Similar to Lithia, near-term risks certainly exist, but the valuation is very agreeable from a longer-term perspective.”
9. Resideo Technologies, Inc. (NYSE:REZI)
Number of Hedge Fund Holders: 25
Resideo Technologies, Inc. (NYSE:REZI) is one of the stocks Jim Cramer commented on. Inquiring about the stock, a caller noted its Honeywell spin-off origin, recent 52-week high, an upgrade from Morgan Stanley, and insider buying. Cramer replied:
“Okay, so candidly, when it was first spun off, I was not a fan because I did not think rates were going to come down and really be good for the housing market. Now, that’s precisely the kind of stock that you should be buying. I’ve been saying to the club that Home Depot is the best stock to buy right here for the last 40 points. I like it, but I think Resideo is interesting even up here.”
Resideo Technologies, Inc. (NYSE:REZI) provides comfort, energy management, and security solutions, in addition to with distributing low-voltage and smart home products. Ariel Investments stated the following regarding Resideo Technologies, Inc. (NYSE:REZI) in its second quarter 2025 investor letter:
“Additionally, supplier of residential thermal, comfort and security solutions, Resideo Technologies, Inc. (NYSE:REZI) advanced following solid quarterly earnings results highlighted by organic revenue growth and margin expansion. Synergies from the integration of Snap One are also ahead of expectations. Meanwhile, REZI expects to substantially mitigate any headwinds from tariffs by increasing prices, repositioning inventory and by running its factories at different utilization rates. We believe REZI’s earnings potential is underappreciated. The company is entering a new phase of sustainable growth driven by a secular preference for more connected smart home solutions and product innovation.”
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