On Friday’s Mad Money, host Jim Cramer issued a warning about a group of highly speculative stocks that have seen sharp gains in recent months. He advised that, despite their recent momentum, investors should start reducing exposure to these names.
“There’s another group of red-hot stocks that’s antithetical to the very concept I’m investing in. I’m talking about the stocks of super speculative companies that have some contracts and some revenues, but no earnings and none expected anytime soon.”
READ ALSO: Jim Cramer Recently Offered Insights on These 11 Stocks and Jim Cramer’s Thoughts on These 16 Stocks.
Cramer clarified that he is not against speculative investing as a concept. He referenced his book How to Make Money in Any Market, where he encourages keeping a single speculative stock within a five-stock portfolio. However, he stressed that what is happening now is a step too far. He said, “Let’s not get out of control.”
“So far, you’ve done fabulously if you speculated in these stocks. But the underlying companies most likely need capital, and after a certain time, it won’t be available. Warning: that time is now starting, so please sell some of these specs before the companies and the insiders do the same. At a minimum, please take out your cost basis.”
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 October 10. 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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
Jim Cramer Commented on These 10 Stocks
10. IonQ, Inc. (NYSE:IONQ)
Number of Hedge Fund Holders: 30
IonQ, Inc. (NYSE:IONQ) is one of the stocks Jim Cramer commented on. Cramer highlighted the company’s “loss-making” during the episode and said:
“I’m going to start naming the names of these impoverished growth companies, the ones that have been bid up furiously and will likely need to do stock offerings because they’re desperate to raise money. That’s what happened in the great internet crash of 2000…
Case in point, IONQ… That’s a huge loss-making quantum computing company with a stock that had bid up aggressively by retail to the point where it rallied 85% for the year as of last night’s close. Then this morning, IONQ just offered 2 billion shares… It was a complex deal, but it knocked the stock down almost 9% today. I think this offering will be the first of many, and they could weigh on all of these stocks.”
IonQ, Inc. (NYSE:IONQ) builds and sells access to quantum computers and develops quantum hardware, security, and detection systems.
9. Archer Aviation Inc. (NYSE:ACHR)
Number of Hedge Fund Holders: 35
Archer Aviation Inc. (NYSE:ACHR) is one of the stocks Jim Cramer commented on. A caller asked Cramer’s opinion on starting a small position in the stock. In response, he said:
“No, we’re going to let that come down. We’re in a kind of speculative tsunami right now. I think you’ll be able to get that cheaper. Yeah, just consider it like a maiden claiming race, okay?”
Archer Aviation Inc. (NYSE:ACHR) designs and develops electric vertical takeoff and landing aircraft. The company also offers aerial ride-sharing, maintenance, and repair services. When a caller inquired about the stock during the May 16 episode, Cramer replied:
“Oh, that one’s a bridge too far for me to tell you the truth. Electric vertical takeoff, I mean, I’m willing to go with Rocket Lab, but Archer’s just a little bit too far. I mean, someone who’s like 18, 19, 20, 21, you might want to believe in it. I don’t want to have too many of these kinds of stocks on my so-called recommended list.”
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