In this article, we will discuss: Jim Cramer Discussed The Iran Ceasefire & Commented On These 19 Stocks. For more stocks, you can head to Jim Cramer Discussed The Iran Ceasefire & Commented On These 5 Stocks.
With hostilities between the US and Iran now under ceasefire, CNBC’s Jim Cramer discussed the latest development in a tweet. Cramer has kept a watchful eye on markets throughout the conflict. Some of the trends and factors that he has discussed include a possible link between oil giant Chevron’s shares and investor beliefs about the conflict’s timeline, the link between crude oil prices and the stock market, and an eventual longer-term dip in markets. As crude oil fell to below $95 after the ceasefire was announced, Cramer tweeted that investors can find it difficult to catch big moves by being inconsistent:
“Let this morning be one more reason why you can’t flit in and out of the markets to catch big moves….It’s a fool’s errand….I spent about 100 pages in How To Make Money in Any Market writing about how you can’t get out and get back in….”
Our Methodology
For this article, we compiled a list of stocks that Jim Cramer discussed during the episode of Squawk on the Street aired on April 2nd. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the fourth 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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
19. Chevron Corporation (NYSE:CVX)
Number of Hedge Fund Holders: 86
Oil giant Chevron Corporation (NYSE:CVX)’s shares have been consistently on Jim Cramer’s radar ever since hostilities started in Iran. They are up by 41% over the past year and by 27% year-to-date. The CNBC TV host has repeatedly stressed that the stock moves up when investors extend their timeline for the conflict’s end and vice versa. Bernstein commented on Chevron Corporation (NYSE:CVX)’s shares on March 22nd. It raised the price target to $216 from $194 and maintained an Outperform rating. The financial firm outlined that its coverage was a part of a broader update of oil price models. Earlier in the month, Barclays had also discussed the stock as it raised the share price target to $180 from $172 and kept an Overweight rating on the shares. Barclays commented that it had raised oil price estimates and added that the sector could benefit from cash flow tailwinds. Cramer, who has continuously praised Chevron Corporation (NYSE:CVX)’s CEO for the past year, kept his upbeat tone about the executive in this appearance as well:
“You know I’ve been saying that Chevron is the one, Chevron, because Michael Wirth is indeed leveraged all over the world.”
18. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 137
The day this program was aired, Tesla, Inc. (NASDAQ:TSLA) had released its vehicle delivery data for the first quarter. During the three month period, the firm produced and delivered 408,386 and 358,023 vehicles, respectively. However, analysts had penciled in for Tesla, Inc. (NASDAQ:TSLA) to post 370,000 deliveries, and the delivery figures marked a 6% annual growth. The stock closed 5.4% lower on April 2nd, and year-to-date it is down by 22%. Throughout 2025, Cramer asserted that Tesla, Inc. (NASDAQ:TSLA) is more of a technology company and not a car company. The CNBC TV host held his view even as his co-hosts repeatedly pointed out that the firm’s shares nevertheless react to delivery figures and the revenue generated by car sales. GLJ Research had discussed Tesla, Inc. (NASDAQ:TSLA)’s shares on March 30th. The firm reiterated a Sell rating and a $24.86 share price target. The first quarter deliveries were at the heart of the coverage as GLJ pointed out that it estimated Tesla, Inc. (NASDAQ:TSLA) to deliver 368,478 cars during the period. In this appearance, Cramer discussed how the shares had reacted as CEO Elon Musk redefined his firm’s narrative:
“Obviously, not great for the company, but as we just said, the actual disconnect between when we stopped thinking about it as a car company and we started thinking about it as a actual technology company, caused one of the great moves that I’ve seen. I don’t want to get too negative on it. Because I think everyone wished they had that move. We didn’t realize very quickly that they were repositioning. Remember our friend Dan Ives was talking about how things were teetering and it better start being a technology company. And no one was saying things would be teetering and then it’s going to be in trouble. Which I thought was really interesting because only Musk would be able to make it so, David you would be able to say this, that the narrative changed, when things got bad, the stock flew on the new narrative!”
17. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 381
eCommerce and cloud computing giant Amazon.com, Inc. (NASDAQ:AMZN)’s shares are up by 20% over the past year and down by 6% year-to-date. Banking giant Wells Fargo discussed the firm’s capital expenditure on April 2nd as it adjusted the share price target to $305 from $304 and kept an Overweight rating on the stock. The bank outlined that Amazon.com, Inc. (NASDAQ:AMZN)’s 2026 capital expenditure guidance should remain stable and added that a growth in the firm’s cloud business revenue could lead to higher free cash flow. As of now, Amazon.com, Inc. (NASDAQ:AMZN) expects to fork out $200 billion in capital expenditure for 2026. On the 27th, the shares closed 3.9% lower, with media reports suggesting the dip occurred due to broader concerns about AI spending and growth. As for Cramer, in this appearance, he and co-host David Faber discussed Amazon.com, Inc. (NASDAQ:AMZN)’s Kuiper (Amazon Leo) satellite business as well as competition from SpaceX’s Starlink satellite internet:
“Jassy has said over and over again, he has to do it. It’s a necessity. They have to do it. Now I’m not going to disagree, I mean he knows his business better than anybody. He’s got a habit.”
16. Blue Owl Capital Inc. (NYSE:OWL)
Number of Hedge Fund Holders: 47z
Asset management firm Blue Owl Capital Inc. (NYSE:OWL)’s shares are down by 56% since mid June and by 44% year-to-date. BMO Capital commented on the stock on March 24 as it cut the share price target to $11 from $15 and kept an Outperform rating on the shares. The financial firm commented that it had discussed Blue Owl Capital Inc. (NYSE:OWL) in the context of the broader asset management industry, with the shift reflecting factors such as credit concerns, AI disruption, and market volatility. TD Cowen also recently discussed Blue Owl Capital Inc. (NYSE:OWL)’s shares as it cut the target to $14 from $16 and kept a Buy rating on the stock after investor meetings. On April 2nd, the stock closed 1.6% lower on the day the firm announced that it was facing withdrawal requests from investors for its non-traded funds. Cramer discussed the development:
“When you look at their actual holdings, they’re not, I don’t look at them and say well they’ve been devastated. You know that there are private equity firms that have publicly traded business development corporations that are well underneath their net asset value. We can go over those, but I do feel that, I’m saying it’s panic, I’m saying, wow, it’s great to get your money back.”
15. FS KKR Capital Corp. (NYSE:FSK)
Number of Hedge Fund Holders: 27
FS KKR Capital Corp. (NYSE:FSK) is a business development company that provides credit solutions. Its shares are down by 29% year to date and by 42% over the past year. Truist discussed FS KKR Capital Corp. (NYSE:FSK)’s stock on March 4th. It reduced the share price target to $11 from $17 and kept a Hold rating on the shares. Earlier, on the 3rd, B. Riley had cut the share price target to $11 from $17.50 and kept a Neutral rating and remarked that FS KKR Capital Corp. (NYSE:FSK) continued to suffer from portfolio headwinds. The business development company had reported its fourth quarter earnings on February 25th. The results saw FS KKR Capital Corp. (NYSE:FSK) post $0.52 in net investment income to miss analyst estimates of $0.54. The shares closed 15% lower on February 26th. As part of its earnings release, FS KKR Capital Corp. (NYSE:FSK) also announced that it would reduce its dividend by a stinging 31%. Cramer discussed the firm as he commented on asset manager Blue Owl and commented on the firm’s net asset value:
“And I was looking at the FSK, FSK KKR Capital Corporation, there you have a, you’ve got benchmarks, probably back, FSK, net asset value in February 25th was 20 dollars and 89 cents. And now it’s 10 dollars and 11 cents. Now that’s a free market, that’s not gated.”
14. Conagra Brands, Inc. (NYSE:CAG)
Number of Hedge Fund Holders: 40z
Food products giant Conagra Brands, Inc. (NYSE:CAG)’s shares are down by 39% over the past year and by 9.7% year-to-date. Evercore ISI and RBC Capital discussed the firm on April 2nd. RBC Capital cut the share price target to $17 from $20 and kept a Sector Perform rating on the stock. It discussed Conagra Brands, Inc. (NYSE:CAG)’s third-quarter earnings and commented that the results were as expected and demonstrated a marginal growth in organic sales despite soft consumption and a tough operating environment. Among the positives in the quarter were Conagra Brands, Inc. (NYSE:CAG)’s frozen food products and volume growth. Evercore ISI trimmed the share price target to $18 from $19 and kept an In Line rating as it remarked that the food company was focused on cash flow and profits. As for Cramer, the CNBC TV host discussed the impact of weight loss drugs on Conagra Brands, Inc. (NYSE:CAG)’s products throughout 2025. In this appearance, he commented on the growth, earnings, and dividends:
“Yeah I just wanted to talk about how hard it is to be a food company is right. . .Conagra, they’ve got some organic growth. They had some good things to say. But they have food inflation. They’re feeling the squeeze. And that’s, it’s something that’s from the war. We better start focusing on companies whose earnings are going to be hit. And I have to say that it doesn’t seem to matter what you do, there’s always something wrong if you’re a food company these days. And right now it’s input costs and a lot of people concerned about Conagra’s nine percent yield, size of dividend, they swear to me, sacrosanct.”
13. Costco Wholesale Corporation (NASDAQ:COST)
Number of Hedge Fund Holders: 106
Retailer Costco Wholesale Corporation (NASDAQ:COST) is one of Cramer’s top stocks. Throughout 2025, the CNBC TV host maintained that the shares were worth holding on to. He also praised the firm’s efforts towards reducing prices in the US. Costco Wholesale Corporation (NASDAQ:COST)’s shares are up by 10.8% over the past year and by 17% year-to-date. According to The Fly, BMO Capital discussed the firm on March 6th. It raised the share price target to $1,315 from $1,175 and maintained an Outperform rating on the shares. The financial firm discussed Costco Wholesale Corporation (NASDAQ:COST)’s quarterly earnings and commented that the retailer had performed well despite operating in a volatile environment. Truist also discussed the firm on the 6th. It raised the share price target to $926 from $977 and kept a Hold rating on the shares. While Truist also praised Costco Wholesale Corporation (NASDAQ:COST)’s earnings, it added that membership growth rates were concerning. With the theme of this show focused on higher oil prices, Cramer shared how the firm was starting its gas stations:
“I’ll tell you what to watch, when you see gasoline go up, I swear, Costco. You know Costco’s got the cheapest gasoline. And Costco’s starting these gas stations, standalone, without Costco stores, in order to get Costco members. And I think it’s brilliant, and inspired, and it’s what you buy.”
12. Delta Air Lines, Inc. (NYSE:DAL)
Number of Hedge Fund Holders: 67
Delta Air Lines, Inc. (NYSE:DAL)’s shares are up by 82% over the past year and down by nearly 5% year-to-date. TD Cowen discussed the firm on April 2nd as it trimmed the share price target to $76 from $77 and kept a Buy rating on the stock. Some factors that the firm cited in its coverage included slowing consumer demand and rising costs. Delta Air Lines, Inc. (NYSE:DAL) CEO Ed Bastion discussed the firm’s operations at the JPMorgan Industrials Conference in March and explained that his firm was navigating challenges such as rising fuel costs and global economic tensions quite well. Rothschild & Redburn trimmed Delta Air Lines, Inc. (NYSE:DAL)’s share price target to $70 from $72 and kept a Buy rating on March 5th. The conflict in Iran, which is now under cease fire, was on the financial firm’s mind as it commented that the hostilities could lead to downward revision in industry estimates. Cramer discussed Delta Air Lines, Inc. (NYSE:DAL)’s CEO and his role in the industry:
“We do have Delta next week. And Ed Bastion has been, he’s become the defacto leader of the group. He speaks to Phil, in a very, I’d say, confident way.”
11. Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Holders: 111
Data center giant Oracle Corporation (NYSE:ORCL)’s shares are up by 15% over the past year and are down by 26% year-to-date. Mizuho discussed the firm on April 2nd as it reiterated a Buy rating and a $320 share price target. The financial firm’s coverage came after banking giant Barclays had reiterated a Buy rating and a $240 share price target for Oracle Corporation (NYSE:ORCL)’s shares. Following the firm’s quarterly results, Bernstein reiterated an Outperform rating and a $319 share price target for the firm. Bernstein commented that concern about Oracle Corporation (NYSE:ORCL)’s financial woes might be overblown and added that the data center company was seeing renewed investor interest due to fears about AI’s impact on the software industry. In 2025’s tail-end, Cramer repeatedly raised concerns about Oracle Corporation (NYSE:ORCL)’s revenue commitments, which initially sent the shares surging. Since their peak in September, the shares are down by 56%. Even though the shares have dipped, the CNBC TV host is still studying Oracle Corporation (NYSE:ORCL)’s data center business:
“And then Oracle data centers, I’m trying to figure them out.”
10. Sempra (NYSE:SRE)
Number of Hedge Fund Holders: 42z
Sempra (NYSE:SRE) is a diversified utility with operations in California, Texas, and other regions. Its shares are up by 54% over the past year and by 9.8% year-to-date. Wells Fargo discussed Sempra (NYSE:SRE)’s stock on February 27th. It adjusted the share price target to $113 from $112 and kept an Overweight rating after the utility released its fourth quarter earnings report. Earnings visibility and strong rate base growth impressed Wells Fargo, as it commented that Sempra (NYSE:SRE)’s infrastructure investments and transmission expansion were among some of the impressive factors about the firm. Morgan Stanley and JP Morgan also discussed the firm in February. The former raised the share price target to $101 from $97 and kept an Overweight rating on the 20th, while the latter raised the price target to $98 from $95 and set an Overweight rating. Cramer praised Sempra (NYSE:SRE)’s presence in the American market:
“I had Sempra on. And I think Sempra is a very, very great company. And they’re in various places around the country. And they would tell you, look, if you have a good public utility commission, Jeff Martin would tell you, you know what, it doesn’t raise rates. And Jeff Martin is a very wise man. He was on the show and he had definitive proof. Look, Texas okay.”
9. ServiceNow, Inc. (NYSE:NOW)
Number of Hedge Fund Holders: 118z
Software-as-a-service firm ServiceNow, Inc. (NYSE:NOW)’s shares are down by 30% over the past year and by 31% year-to-date. Financial firm Stifel discussed the software company on April 2nd. It reduced the share price target to $135 from $180 and kept a Buy rating on the shares. Stifel outlined that its channel checks and US federal spending indicated a weak environment for ServiceNow, Inc. (NYSE:NOW). Benchmark initiated coverage on April 1st to set a Buy rating and a $125 share price target for the firm. It outlined that ServiceNow, Inc. (NYSE:NOW) could benefit from the growth in the agentic AI industry and pointed towards the firm’s integrated platform of AI, workflow automation, and data analysis. In his previous comments about the firm, Cramer has praised CEO Will McDermott and his ability to deliver earnings surprises. In this appearance, he discussed the firm in the context of the broader industry:
“Well you have to look at a company like ServiceNow. Okay, now ServiceNow, it had, it was the most elevated in terms of its valuation. Stock’s down 34%, so maybe people are saying listen, these are all going to be down 34%. But no one’s saying they’re not going to pay. I mean they’re paying.”
8. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 312
Microsoft Corporation (NASDAQ:MSFT) has been a constant feature on Jim Cramer’s radar over the past couple of months. The CNBC TV host has repeatedly discussed the firm’s AI initiatives and remarked that its Copilot platform was unimpressive. In its fourth quarter 2025 investor letter, Magellan Asset Management also discussed Microsoft Corporation (NASDAQ:MSFT)’s business. The financial firm commented that the company gave back on some Azure growth due to “moderating optimism on Microsoft’s AI positioning via its close relationship with OpenAI due to strong execution at Google and Anthropic.” However, Magellan added that this analysis was short-term in nature and Microsoft Corporation (NASDAQ:MSFT), like other AI companies, were “winners of the increased adoption of AI applications.” In this appearance, Cramer referenced a Bloomberg report about Microsoft Corporation (NASDAQ:MSFT)’s CFO, AI spending, and fears of a bubble:
“But let’s talk about Microsoft. You know we had Ben Reitzes on the other day, from Meliusssssss, and that stock has a hard time climbing and the piece about Amy Hood who I think is one of my absolute favorites, was saying, she’s said let’s slow down, CFO.
“Look I think the world of her, we still don’t know the outcome. I do know that the products at Microsoft, I do find are, Copilot I just find suboptimal, suboptimal, suboptimal. . .”
7. Eli Lilly and Company (NYSE:LLY)
Number of Hedge Fund Holders: 137
Pharmaceutical giant Eli Lilly and Company (NYSE:LLY) is one of Cramer’s favorite stocks. Its shares are up by 28% over the past year but are down by 13% year-to-date. Guggenheim trimmed Eli Lilly and Company (NYSE:LLY)’s share price target to $1,163 from $1,168 and kept a Buy rating on the shares on March 30th ahead of the pharmaceutical company’s Q1 2026 earnings. Guggenheim’s coverage came after RBC Capital had reiterated an Outperform rating and a $1,250 share price target for Eli Lilly and Company (NYSE:LLY) on March 16th. As part of its coverage, RBC remarked that a rival firm’s treatment appeared to mimic Eli Lilly and Company (NYSE:LLY)’s drug and did not demonstrate any superior performance. The shares closed 3.8% higher on April 1st after the Food and Drug Administration (FDA) approved the firm’s weight loss pill, Foundayo. The day after, Novo Nordisk claimed that its weight loss pill was better than Eli Lilly and Company (NYSE:LLY)’s. Cramer discussed the claim:
“Look, if you wanted a pill and you wanted to be able to take it when you want, and you don’t have to worry about taking it with the food and stuff, that’s a, Lilly’s got that going. Remember, the main thing that Lilly has got going is they’re not gonna run out, that they have spent a fortune [on manufacturing]. David Ricks is forward thinking and Jensen Huang wants to do something with a pharmaceutical company, it’s going to be Ricks. And then Ricks says yes. He’s a big thinker. He bought this Centessa the other day, it looks like it’s just for narcolepsy but jeez, it could be the answer to a lot of mood disorders.”
6. Novo Nordisk A/S (NYSE:NVO)
Number of Hedge Fund Holders: 55
Novo Nordisk A/S (NYSE:NVO)’s shares are down by 40% over the past year and by 29.6% year-to-date. BMO Capital kept a Market Perform rating and a $45 share price target on the firm on March 30th. The financial firm remained optimistic about the tailwinds from Novo Nordisk A/S (NYSE:NVO)’s Wegovy weight loss pill, but added that the firm nevertheless faced industry-wide risks. On March 18th, Bernstein initiated coverage of the stock to set a $175 share price target and an Underperform rating. Bernstein commented that Novo Nordisk A/S (NYSE:NVO) was facing a “bare” catalyst path and cautioned that the firm’s weight loss drugs could struggle in the US due to lower volumes and price deflation. After the weight loss pill secured the FDA’s approval earlier this year, Cramer pointed out that it might experience hesitance from doctors who are unwilling to switch drugs for patients. In this appearance, he discussed Novo Nordisk A/S (NYSE:NVO)’s claim that its weight loss pill was better than Lilly’s product:
“Look, if you wanted a pill and you wanted to be able to take it when you want, and you don’t have to worry about taking it with the food and stuff, that’s a, Lilly’s got that going. Remember, the main thing that Lilly has got going is they’re not gonna run out, that they have spent a fortune [on manufacturing].”
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