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.”
8. UiPath Inc. (NYSE:PATH)
Number of Hedge Fund Holders: 42
UiPath Inc. (NYSE:PATH) is one of the stocks Jim Cramer commented on. During the lightning round, when a caller inquired about the stock, Cramer remarked:
“I’ll tell you the truth… It just had such a big move. I can’t recommend it. It just, just soared. It’s not for me.”
UiPath Inc. (NYSE:PATH) provides an automation platform that uses robotic process automation and AI to help organizations automate repetitive tasks. On October 2, BMO Capital analyst Keith Bachman raised UiPath’s stock price target from $12.50 to $13 while maintaining a Market Perform rating. The analyst noted the company’s announcement of new products and partnerships but warned that the competitive market may delay the impact of these investments on revenue growth. Additionally, on October 8, Barclays reiterated a Hold rating on the company’s stock with a price target of $14.
7. Banco Santander, S.A. (NYSE:SAN)
Number of Hedge Fund Holders: 18
Banco Santander, S.A. (NYSE:SAN) is one of the stocks Jim Cramer commented on. Cramer made some positive comments on the company, as he said:
“Even on a bad day like this, it’s worth keeping an eye on the banks as they become some of the hottest stocks in this market. And that includes the big international players like Banco Santander, which you know, I like very much. It’s doubled since we saw the CEO last. They have been on the cutting edge, focused on AI and the future of banking.”
Banco Santander, S.A. (NYSE:SAN) provides banking, financing, investment, and insurance services to individuals, businesses, and public institutions. The company offers lending, wealth management, payments, and digital banking. During the September 19 episode, Cramer called it his “favorite bank in Europe,” as he commented:
“Okay, Banco Santander is the largest bank in Europe. This is run by Ana Botín. It’s a sensational bank… But I will say this, at $10, you should wait till it goes back to 9. I’m not kidding. I’ve watched the stock climb and climb and climb. It had a little bit of a spike. I don’t like that. Under 9 would be a terrific level. Still got a good yield. And there you go, try to get it here. It could happen. All right. It’s a fantastic bank, but it does sometimes trade a little strange. It’s… one, it is my favorite bank in Europe.”
6. The Boeing Company (NYSE:BA)
Number of Hedge Fund Holders: 101
The Boeing Company (NYSE:BA) is one of the stocks Jim Cramer commented on. During the episode, when a caller asked about the company, Cramer commented:
“I think Boeing’s a must buy. I think Boeing’s a must buy. I have looked the CEO in the eye. I think he’s a terrific guy, Ortberg. And I will tell you this, this company just gave up a huge percentage of the gain that it has had. And why buy anything at the top when you get something near the bottom? That’s Boeing.”
The Boeing Company (NYSE:BA) designs, manufactures, and supports commercial aircraft, defense systems, and space technologies. During the September 22 episode, Cramer called the company stock “too good to ignore.” He remarked:
“If you bought Boeing on weakness during the strike last fall, you’d now have a nearly 36% gain. These guys have been running circles around the unions for decades. I don’t see that changing anytime soon… Long story short, Boeing’s now officially a Charitable Trust holding thanks to the stock’s recent pullback. So you should know the core case for owning the stock. The company’s gradually ramping up production for its key aircraft models, the 7377… and remains mostly on track with these efforts. Boeing’s balance sheet is much, much better than it was after the huge recapitalization effort late last year.
And now there’s a line of sight to positive free cash flow in the near-term future with the promise of $10 billion worth of free cash flow or more per year once the company gets its production levels up to its previously stated targets. Meanwhile, regardless of how you feel about the President’s trade agenda, it’s been phenomenal for Boeing with some huge aircraft orders coming from the Middle East, Korea, and the UK. Potential of a massive deal still to come from China, assuming those trade talks don’t fall apart. On top of everything else, we’re getting, finally getting reasons to be cautiously positive on Boeing’s defense business.
The bottom line: Put it all together and I think Boeing’s simply become too good to ignore, especially after the stock’s recent hard pullback… and why you’ve got my blessing to begin a position tomorrow.”
5. GE Vernova Inc. (NYSE:GEV)
Number of Hedge Fund Holders: 106
GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer commented on. Cramer mentioned the stock’s run during the episode, as he said:
“Sometimes the spinoffs do even better. Look at GE Vernova… power business we own for the Charitable Trust. That stock’s run from the low 100s to the low 600s since it became public, independent in April of last year.”
GE Vernova Inc. (NYSE:GEV) provides energy technologies and services that include power generation, wind energy, and electrification. Moreover, the company offers gas, nuclear, hydro, and wind systems, along with grid, solar, storage, and software solutions. A caller inquired about the stock during the September 24 episode and Cramer responded:
“Man, you know, I like GE Vernova. GE Vernova is a company that makes the natural gas turbines that are needed for so much, including the data center. That’s why it’s been red hot. It is one of the names I have and own for my Charitable Trust.”
4. GE Aerospace (NYSE:GE)
Number of Hedge Fund Holders: 100
GE Aerospace (NYSE:GE) is one of the stocks Jim Cramer commented on. While discussing the company, Cramer called the aerospace business “phenomenal,” as he stated:
“Aerospace is a phenomenal business. Phenomenal. Look at how GE Aerospace has done since it’s spun off its healthcare and power divisions. The stock’s been a giant winner, wasn’t when they had those other divisions.”
GE Aerospace (NYSE:GE) designs and manufactures aircraft engines and related systems for commercial and defense use. The company provides engine production, maintenance, repair, and overhaul services, along with advanced propulsion, power, and avionics technologies. Cramer discussed the stock as part of his fantasy stock portfolio during the September 5 episode. He commented:
“You want steady production from your [running] backs, including lots of touchdowns, no matter what defense you’re playing or what the weather’s like. But I’ve said before, this position is inherently kind of boom and bust… But the running back position has also changed in recent years as pass-catching running backs are now the top options for fantasy teams. That’s sort of like what we’re looking for in our stock picks, for pass-catching ability, like a secular growth theme for a secular company… Well, last year I included GE Aerospace, and that turned out to be a great pick. Thank you, Larry Culp, up 70%. The commercial aerospace boom remains one of the market’s fantastic secular growth stories. So we’re going to stick with [it], but what’s the NFL equivalent of GE Aerospace?… The league’s best running back is Philadelphia Eagles’ own Saquon Barkley.”
3. Honeywell International Inc. (NASDAQ:HON)
Number of Hedge Fund Holders: 67
Honeywell International Inc. (NASDAQ:HON) is one of the stocks Jim Cramer commented on. Cramer discussed the company’s upcoming spin-offs, as he commented:
“I want to highlight the most unheralded Honeywell breakup, the spinoff of its advanced materials division as Solstice, followed by the spinoff of its automation business. And I really like this one… Solstice emphasized that the company’s selling into some attractive end markets with strong secular trends, including the growth of advanced computing, the evolving energy landscape, as well as healthcare, personal safety and defense. All secular growers, as far as I’m concerned…
Overall, Solstice is a solid business in an industry that’s currently challenged… Once the economy stabilizes, ideally after we get some more rate cuts, you know what? This is going to be a winner, maybe a huge winner. It’s just that we were in the wrong part of the business cycle to own something like this. At the moment, I’m glad they’re getting rid of it. I need the stock of HON to go up for my trust. As for Honeywell, I am optimistic that with this breakup finally happening, they can start unlocking real value…
… So let me give you the bottom line on a complex story that I think’s going to make you money, but you got to be patient: The age of conglomerates ended a long time ago. These days, we’ve seen so many breakups create immense value for investors, and now Honeywell’s about to join the club as it spins off its advanced materials business as Solstice later this month.
I can’t be too enthusiastic about Solstice until we get more rate cuts from the Fed, but it might be worth buying on weakness somewhere down the road. As for Honeywell, the Charitable Trust is in this one for the long haul because Vimal Kapur’s three-way breakup plan will finally unshackle the company’s phenomenal aerospace business. I think that’ll be worth a heck of a lot more once the other divisions get spun out. As this stock goes down, all I can say is opportunity beckons.”
Honeywell International Inc. (NASDAQ:HON) develops technologies for aerospace, industrial automation, building management, and energy efficiency.
2. DuPont de Nemours, Inc. (NYSE:DD)
Number of Hedge Fund Holders: 49
DuPont de Nemours, Inc. (NYSE:DD) is one of the stocks Jim Cramer commented on. Cramer seemed optimistic about the company’s executive chairman, as he stated:
“I figured it was worth owning this one because, well, given his track record, Breen would be able to find some way to extract value. And about 18 months ago, we learned how that is going to happen… Qnity Electronics, unlike some spinoffs, where a slower-growing, less exciting part of the business is being jettisoned, this is actually the more exciting part of DuPont’s business…
It’s a great value proposition. I’ve checked it out. I really like it. And hey, the numbers for Qnity look pretty darn good…
So to start, there’s a value argument to be made for DuPont right here, right now… Now, at this investor day, DuPont put out some medium-term financial targets… Those numbers sound great. In fact, you could say they sound incredible… So can they hit those targets? Look, we own DuPont for the Charitable Trust, as I mentioned, so you know, I’m a believer in the story. However, they won’t be able to hit those numbers without a series of rate cuts…
In the end, I’m very bullish on the Qnity spinoff. It should keep doing pretty well. Semiconductors stay hot thanks to the AI boom, despite the tariff news that we got this very evening. But as for DuPont itself, the bottom line is that right now, what this company has got going for it is a cheap valuation. Without some rate cuts, it’s going to be tough to own. That said, I still believe that Executive Chairman Ed Breen can unlock a lot of value just like he did with Tyco and DowDuPont in the past.”
DuPont de Nemours, Inc. (NYSE:DD) provides technology-driven materials and solutions for electronics, industrial, and specialty markets. The company’s products include semiconductor materials, advanced polymers, specialty silicones, water filtration systems, and safety and performance products.
1. Ford Motor Company (NYSE:F)
Number of Hedge Fund Holders: 45
Ford Motor Company (NYSE:F) is one of the stocks Jim Cramer commented on. A caller asked if Cramer thinks the stock is a long-term hold or if they should reconsider their position. He replied:
“Okay, I was thrown by the impact that this fire had, and it’s caused me to recalibrate. I do think that Ford’s good, but I think numbers might be too high because that fire hurt so many parts of their operation.”
Ford Motor Company (NYSE:F) designs, manufactures, and sells Ford and Lincoln vehicles, including electric, hybrid, and internal combustion models. During the August 7 episode, Cramer discussed the company in light of tariffs. He commented:
“I believe these auto tariffs are real. They’ll change the landscape even if Japan and Korea start putting in giant orders for natural gas turbines and airplanes. How can I tell? It’s easy. I look at the stock of Ford Motor. This stock would’ve been moribund for ages for a host of reasons, from warranty issues to electric vehicles slow down to too many white collar workers, is suddenly on the move. Ford is the biggest winner because its cars and trucks have the most content made in the US, even more than General Motors, although GM’s a winner from these tariffs too. I bet Ford stock could mimic the stock of Whirlpool…
We can get into the weeds of whether or not this is good policy. I think it’s got plenty of justification, but whether you like it or not, it is the policy. Even if you don’t believe President Trump will follow through on any other tariffs, he’ll definitely follow through with the ones on Japan and Korea, which means the stocks of General Motors and especially Ford are headed higher.”
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