Jim Cramer, the host of Mad Money, on Wednesday said that several stocks traded during the session as though the war could end sooner than many had expected.
So what happens if the war winds down, we get a defanged Iran? Maybe we should be thinking about that because I’ll tell you what happens. We’re going to go back to where before we started, which is why I was so adamant that you avoid the panic earlier this week and not blow out of stocks on that first day. If you remember, that was the entire top because I didn’t want you to go. What’s amazing is that, like almost every snapback rally after a real hammering, buyers return to the tried and true. First, they go for the highest risk stocks, not the lowest, but the highest, that’s a little magical investing there, as well as Bitcoin, which we know now trades with the bullish animal spirits that could be unleashed by some good news out of the Middle East.
READ ALSO: Jim Cramer’s Takes on These 17 S&P 500 Stocks and Jim Cramer Looked at These 11 Stocks Recently.
Cramer also noted that NVIDIA stock began climbing again, gaining nearly $3 during the session. He emphasized that the rally had no clear connection to specific news. He mentioned that the jump had more to do with market mood than with fresh information, with upbeat sentiment arriving first and explanations coming later.
Look, here’s the bottom line: We don’t know if the Iranians are out of drones or out of leaders, although the oil stocks indicate that the war’s headed in the right direction. We do know that we may have found the limits of software company destruction via Anthropic and may have seen a resumption in the buying of high-quality stocks after a war that some still expect to be long and drawn out. But I’m starting to think maybe that’s not the case.
Our Methodology
For this article, we compiled a list of 11 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on March 4. We listed the stocks in the order that Cramer mentioned them.
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 Discussed 11 Stocks: Amazon, Affirm, and More
11. Public Service Enterprise Group Incorporated (NYSE:PEG)
Public Service Enterprise Group Incorporated (NYSE:PEG) is one of the stocks Jim Cramer discussed. A caller asked if the stock is a buy and noted that it is down from its 52-week high. Here’s what Cramer had to say in response:
No, actually, I was talking to my friend and writing pal, Matt Horween. I’m not as big an enthusiast of the bond market right here, and that’s going to be what determines Public Service Enterprise. I don’t want you to buy any.
Public Service Enterprise Group Incorporated (NYSE:PEG) is a utility provider focusing on the distribution of electricity and natural gas. The company also manages nuclear power generation facilities and invests in solar energy projects. On February 26, it reported Q4 2025 results, posting non-GAAP EPS of $0.72, which exceeded forecasts by $0.01. Its revenue of $2.92 billion was up over 18% year-over-year and beat estimates by $50 million.
For the full-year 2026, Public Service Enterprise Group Incorporated (NYSE:PEG) guided its EPS toward the range of $4.28 to $4.40 per share, compared to $4.22 in FY 2025. In addition, the company announced a capital spending plan for 2026 through 2030, ranging from $24 billion to $28 billion, and expects a Rate Base compound annual growth rate of 6% to 7.5% from its $36 billion balance at the end of 2025. It also updated its long-term outlook for non-GAAP operating earnings growth to 6% to 8% through 2030.
10. Paychex, Inc. (NASDAQ:PAYX)
Paychex, Inc. (NASDAQ:PAYX) is one of the stocks Jim Cramer discussed. Answering a caller’s query about the stock during the lightning round, Cramer stated:
The long knives are out for Paychex. I think that Paychex is doing well. I want to buy it at 17 with a 4.5% yield. I’m not sticking my neck out because I’m not worried. I think that that’s a good company, and it shouldn’t be this low.
Paychex, Inc. (NASDAQ:PAYX) provides human capital management solutions, including payroll processing, payroll tax and compliance, HR administration, benefits, and workforce management for small to mid-sized businesses. Fenimore Asset Management stated the following regarding Paychex, Inc. (NASDAQ:PAYX) in its fourth quarter 2025 investor letter:
Paychex, Inc. (NASDAQ:PAYX) performed the worst. Despite PAYX reporting strong earnings that exceeded expectations, the stock sold off 10% on economic concerns which mutes the near-term outlook. Employment numbers for small and midsized businesses remain weak which pressured the stock.
Hedge Fund Resource Center