In this piece, we will look at the stocks Jim Cramer discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed the stock market’s reversal to the downside on Friday. While the flagship S&P index closed 1.6% lower on Thursday, it rebounded to close almost a percent higher the next day. Cramer discussed the movement in terms of trying to chase the rally:
“Yeah, I got to tell you, it’s a terrible situation when you have that. . .reversal, which opens up big and people come in, they tend to be wanting to chase that rally thinking that there’s a bottom and they’ve just been eviscerated. Typically if they used any sort of margins. We have a lot of 2x, 3x, stuff going on that we don’t even talk about. People who are making leveraged bets, maybe they don’t even know that they’re making leveraged bets. And then, David, the inversion of what’s happened to Bitcoin is really incredible.”
Our Methodology
For this article, we compiled a list of 9 stocks that were discussed by Jim Cramer during the episode of Squawk on the Street aired on November 21st. We listed the stocks in the order that Cramer first mentioned them. We also provided hedge fund sentiment for each stock as of the second quarter of 2025, which was taken from Insider Monkey’s database of over 900 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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
11. Oklo Inc. (NYSE:OKLO)
Number of Hedge Fund Holders In Q2 2025: 36
Oklo Inc. (NYSE:OKLO) is a nuclear power firm that is designing small modular reactors. Cramer frequently uses the firm as an example of how the ‘era of magical investing’ is over. The CNBC TV host believes that Oklo Inc. (NYSE:OKLO) is facing long deadlines when it comes to delivering its nuclear projects. After the firm’s recent earnings report, Cramer reminded viewers of Mad Money that a 400% gain in the shares was a great opportunity to “ring the register.” In this appearance, he reiterated the long delivery times that Oklo Inc. (NYSE:OKLO) will have to contend with and wondered how one should approach their stocks:
“Look, do you think that Oklo, do you think that these companies that are nuclear, that don’t have any nuclear, what do we do with those? I mean a nuclear plant, it takes 8 to 10 years. Even a small modular reactor is going to take 6, 7 years. David, this is not a blue chip.”
10. Strategy Inc (NASDAQ:MSTR)
Number of Hedge Fund Holders In Q2 2025: 45
With Bitcoin’s price dipping below the $90,000 mark, it’s unsurprising that Strategy Inc (NASDAQ:MSTR) has also crossed Jim Cramer’s radar. Over several recent appearances, the CNBC TV host has called the firm’s CEO, Michael Saylor, a “Houdini” and added that Saylor is one of the top players in the Bitcoin space. In this appearance, he discussed a major warning from banking giant JPMorgan with regard to Strategy Inc (NASDAQ:MSTR). As per JPMorgan, the firm could be delisted from major equity indexes, including the MSCI. Given that Strategy Inc (NASDAQ:MSTR) has relied on debt to purchase Bitcoin, Cramer also called the firm a “commodity play” instead of a stock. With JPMorgan warning that the firm could face a delisting as the January 15th deadline for the MSCI nears, he was frank in his evaluation of Strategy Inc (NASDAQ:MSTR):
“[On JPMorgan’s warning about exclusion from MSCI indices] I thought that piece was so brilliant. It’s not a stock anymore, it’s a commodity play. A leveraged commodity play. What is it doing in the MSCI?
“[If excluded from MSCI] It cannot handle all of that. That stock cannot handle the truth.”
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