Jim Cramer Commented on These 8 Stocks Recently

2. Newmont Corporation (NYSE:NEM)

Number of Hedge Fund Holders: 69

When a caller mentioned that they are looking at Newmont Corporation (NYSE:NEM), Cramer commented:

“Alright, well, let me go over the alternatives here. First, you can own a gold mutual fund or a gold junior mutual fund, which has a lot in the hopper, so to speak. You can buy gold, the actual ingots or bullion, or buy it from Costco.”

Newmont (NYSE:NEM) focuses on gold mining and exploration. It also searches for other metals like copper, silver, zinc, and lead. On March 30, Cramer commented on the company as he said:

“From the recession resistant to the recession suspect, we go to materials. On top is Newmont Mining because gold’s had an amazing run. Is that fear? Now, I don’t know, matter of fact, uh tariff worries maybe? Precious metals being a good store of value? Hey, you know what, given gold’s astronomical outperformance, a bit of all three?”