On Friday, Mad Money host Jim Cramer shared his evolving view of Elon Musk’s company as he provided both praise and caution in light of recent developments involving Musk and President Donald Trump. Cramer began by expressing admiration for the company’s self-driving technology, which he believes far exceeds that of Alphabet’s Waymo.
“Their unique self-driving capability is backed up by an NVIDIA-powered neural network that I feel is best to breed. The technology’s based on visual perception. I’ve driven in Waymo, which has more reliance on a mapping and radar system, and it worked fine, but I trust the system based on visuals.”
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Cramer also emphasized the company’s ambitious move into robotics. He pointed out that Musk believes robots will become essential to everyday life. Cramer noted that if Musk is correct, the Optimus division could eventually be worth as much as the entire company. He went on to say that he once gave the company stock a high rating and considered investing in it for the Charitable Trust, as he has long admired the company. Despite that, he admitted he never quite managed to commit to buying the stock. He added that on Thursday night, he revised the stock’s rating.
“It’s lower, but it may not be low enough because the world changed for Tesla and all of Musk’s myriad businesses the moment he broke with Trump.”
He warned that analysts who continue to treat the rift with Trump as a minor hiccup are failing to grasp the seriousness of the situation. As per Cramer, it is one thing to oppose the president’s policies as can that can fall within the realm of business, but Musk’s move on Thursday went beyond disagreement and entered personal territory.
Our Methodology
For this article, we compiled a list of 17 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on June 6. We listed the stocks in ascending order of their hedge fund sentiment as of the first quarter of 2025, which was taken from Insider Monkey’s database of 1,000 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 17 Stocks
17. Novo Nordisk A/S (NYSE:NVO)
Number of Hedge Fund Holders: 60
Novo Nordisk A/S (NYSE:NVO) is one of the 17 stocks that Jim Cramer commented on. During the episode, Cramer said that he prefers Eli Lilly to Novo Nordisk A/S (NYSE:NVO). He commented, “Novo Nordisk, well, we’re not Novo people. We’re Eli Lilly people.”
Novo Nordisk (NYSE:NVO) develops and distributes pharmaceutical products for diabetes, obesity, cardiovascular conditions, and rare diseases. The company offers treatments, smart insulin solutions, and drug delivery devices. On May 2, Cramer had the following opinion on the company:
“Next, did Novo Nordisk deliver a knockout punch to Eli Lilly when it signed a deal to be the preferred GLP-1 supplier to CVS on Lilly’s earnings day, no less? What a comeuppance. I think there’s plenty of gas in the Lily tank, especially once it tells it’s, you know, once it’s got this pill formulation that’s going to be available next year. I think it’s going to matter tremendously.”
16. Waste Management, Inc. (NYSE:WM)
Number of Hedge Fund Holders: 66
Waste Management, Inc. (NYSE:WM) is one of the 17 stocks that Jim Cramer commented on. Cramer discussed Waste Management, Inc. (NYSE:WM) during the episode and said:
“Waste Management couldn’t break through the 236 level today. I was quite surprised. I thought it would’ve done that.”
Waste Management(NYSE:WM) delivers environmental solutions, including waste collection, recycling, renewable energy production, and regulated waste services. The company also manages landfill operations and provides secure document destruction and sustainability consulting. Impax Asset Management stated the following regarding Waste Management, Inc. (NYSE:WM) in its Q1 2025 investor letter:
“Waste Management, Inc. (NYSE:WM) (General Waste Management, US) advanced higher during the period, driven by strong operational results which included record margins from its core collection and disposal business. The company remains well positioned to benefit from further pricing gains, contributions from sustainability investments, and synergies from the 2024 Stericycle acquisition.”
