On Wednesday, Jim Cramer, the host of Mad Money, shared his thoughts on a few major market developments, including the future of AI infrastructure and Dollar Tree’s decision to sell its Family Dollar division.
“After visiting the GTC event last week, I came away with a feeling of confidence about the growth of AI even though I’m not sure the AI infrastructure buildout can continue at the same rapid pace. Today’s market certainly said that things are slowing and some people think it’s slowing dramatically. I don’t see that.”
READ ALSO: Jim Cramer Discussed These 9 Stocks Recently and Jim Cramer’s Latest Lightning Round: 7 Stocks in Focus.
In addition to his comments on AI, Cramer weighed in on the discount variety store operator’s announcement that it would sell off its Family Dollar division for $1 billion. He could not help but criticize the deal, pointing out that the company had initially acquired Family Dollar for approximately $9 billion in cash and stock a decade ago. He went on to say:
“So now that we know that they never had a plan, there was no integration, they were run as two separate outfits, even as Family Dollar seemed like a doomed chain on its own, descended from mediocrity… to tragedy, what do we have to say here? Could there never be any accountability for this lame brain obliteration of capital?… But hey, you know what? At least we won’t have Family Dollar to kick around anymore.”
Our Methodology
For this article, we compiled a list of 8 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on March 26. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 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 8 Stocks Recently
8. FactSet Research Systems Inc. (NYSE:FDS)
Number of Hedge Fund Holders: 36
FactSet Research Systems Inc. (NYSE:FDS) received a comment from Cramer during Mad Money, and here’s what he had to say:
“You know what? If you like FactSet, I actually want you to suggest to buy Ice, ICE. I think it’s got a lot more upside to it.”
FactSet (NYSE:FDS) provides financial data, analytics, and managed services to support investment research and portfolio management through desktop, mobile, cloud, and API-based platforms. Baron Growth Fund stated the following regarding the company in its Q4 2024 investor letter:
“Shares of FactSet Research Systems Inc. (NYSE:FDS), a leading provider of investment management tools, contributed to performance. The company held an upbeat Investor Day in November and expressed optimism on its fiscal first quarter of 2025 earnings call in December regarding prospects for the second half of fiscal 2025. While we still see some near-term uncertainty, we retain long-term conviction in FactSet due to the large addressable market, consistent execution on both new product development and financial results, and robust free cash flow generation.”
7. Applied Digital Corporation (NASDAQ:APLD)
Number of Hedge Fund Holders: 42
A caller asked if Applied Digital Corporation (NASDAQ:APLD) was a contender in the long-term frontier here. In response, Cramer said:
“Losing too much money, not a good time. You can’t lose a lot of money in this tape. It just doesn’t work. I’m sorry. I know it’s a nice $6 bet, but I’m not going to do it.”
Applied Digital (NASDAQ:APLD) specializes in designing, developing, and managing digital infrastructure solutions, offering cloud services and high-performance computing for sectors like AI, machine learning, and cryptocurrency mining. In December 2024, Cramer remarked:
“Yes, you know, look, this [is] high-performance computing and you know, when I see high-performance computing, I think about a stock that everybody suddenly hates again and that’s the stock of Nvidia. And I’m not backing away from Nvidia. It’s actually been very good to my Charitable Trust and everybody else in the world.”
Over the past year, Applied Digital (NASDAQ:APLD) stock gained more than 40% while NVDA stock went up more than 23%.
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