In this piece, we will look at the stocks Jim Cramer discussed.
In his appearance on CNBC’s Squawk on the Street yesterday, Jim Cramer discussed a Wall Street Journal report that claimed that defensive stocks were leading for the month. Instead of pointing to investor worries about economic performance, the CNBC TV host attributed the move to a rotation:
“Well look, they can say what they want. That’s called a rotation. I can’t believe that we could have this market that just would go through all these different stocks and then we burn out on the banks just because a couple of subpar banks. . . .you get these situations, and then what comes full circle? Let’s pick a Mag 7, or a Fantastic 10. . .”
However, his most important remarks came at the end of the show when he discussed the recent Amazon Web Services (AWS) outage. Cramer pivoted to young people buying stocks and advised them not to overstay their welcome:
“Look when Robinhood was down because of the major AWS outage I figured okay this is going to take a day off from the incessant buying of Robinhood. It didn’t. When we talk about these ETFs, when we talk about all the different, when I say everything that’s contrary to investing, a lot of it’s based there. And it’s because of younger people and I think they offer such a great IRA plan. They’ve done everything they can to be as responsible as possible. But people just go there and they buy, this is where all the rare earth is bought, where the nuke is bought. And I just hope these people all do okay. Because I think as the insider selling picks up and there will be, I don’t want those people to be blown away the way they were in 2000. So this is something to watch. Those ETFs are a disaster and a disgrace. . .so far, so good. Do not overstay your welcome. Take profits in every single one of these. Take profits in rare earth, take profits in nuke, take profits in nuke. . .just sell them, just sell them, sell them, please. Take some profits. Just don’t do this to yourself.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on October 20th.
For these stocks, we also mentioned the number of hedge fund investors. 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).
13. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders In Q2 2025: 156
Cramer started the show by discussing Apple Inc. (NASDAQ:AAPL) as he commented on a “rotation” into defensive stocks. He has discussed the firm several times since the iPhone 17 launch. He continued to praise Apple Inc. (NASDAQ:AAPL)’s latest smartphones in this appearance as well:
“Let’s go back to Apple. I mean it’s just like okay, let’s rotate to the ones not up for the year. It’s getting its groove back. We’ve been saying the 17 is unbelievable since the, since it started. . .now everyone’s catching up. David, the 17, it’s a long cycle. Don’t use the term supercycle because it jinxes it. . .It means good earnings when they report, that’s what it means. Better than expected.
“[On Counterpoint saying the first ten days had beaten the 16 by about 14%] Well how could they not think that. You’ve got the lighter than ever Hershey bar one. Then you have this one with like the camera. . .I think that it’s remarkable. I think people from beginning underestimate. Because they felt that Apple had lost its mojo. And here we go. With Reitzes saying Apple’s on a mission to silence its critics. You know how many critics there are? . . This is going to be like a super mission. . .I think people are saying, you know, bring it on, who cares. They’ll be ready in a couple of months, they don’t want, they want Siri to be perfect.
[On Evercore going Tactical Outperform, Loop going 315] 315! I mean that’s NVIDIA like for heaven’s sake. . .Apple’s been a dog, okay. It’s been a dog of a stock. It’s kept back the Magnificent 7.”
12. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders In Q2 2025: 335
Amazon.com, Inc. (NASDAQ:AMZN) was at the center of news coverage yesterday after its cloud computing division, AWS, experienced an outage. Given the firm’s considerable presence in the cloud market, the outage meant that firms such as Snapchat, Canva, Coinbase, and Duolingo experienced difficulties. Cramer has discussed Amazon.com, Inc. (NASDAQ:AMZN)’s cloud business several times in 2025, especially after the firm’s second-quarter earnings. He has wondered whether the firm’s reliance on its in-house Trainium chips might be contributing to an AWS growth slowdown. This time, he dismissed the notion that the outage would sustainably impact Amazon.com, Inc. (NASDAQ:AMZN)’s share price:
“Now you’re gonna see Amazon’s going to keep it back. . .Oh Amazon’s been terrible, terrible. No it’s just been, this has been [inaudible] horrible for Amazon. People have had negative things to say about Amazon Web Services and suddenly you know, it happened. . .people are saying maybe I need Google Cloud.
“I think it’s [AWS growth] going from 18-19 to 21-22 and this just gets in the way of the narrative.
“I’m thinking that if Amazon stock snaps back today, it may be a sign that the long horrible slide could be running to its conclusion.”
11. American Express Company (NYSE:AXP)
Number of Hedge Fund Holders In Q2 2025: 70
American Express Company (NYSE:AXP)’s shares have gained 17% year-to-date. They closed 7% higher last Thursday after the firm’s fiscal third quarter earnings report. The results saw American Express Company (NYSE:AXP)’s increase its full-year earnings per share guidance of $15.20 – $15.50 and revenue growth of 9% – 10% over previous estimates. In his previous comments about the firm, Cramer has remained upbeat about the firm’s CEO, Steve Squeri. He has also praised American Express Company (NYSE:AXP)’s payment cards and their popularity with younger users. In this appearance, he discussed the firm in the context of a jittery environment for financial services and bank stocks:
“I think that American Express was one of the best quarters I have ever seen. Steve Squeri put up some numbers. Listen, if you’re gonna do defaults, you’re gonna default on American Express. No one’s defaulting here. No one. You can’t leave home without it.”
American Express Company (NYSE:AXP)’s earnings also demonstrated Cramer’s prescience as he had commented ahead of the results:
“AMEX should have 12.6% earnings growth next year, just barely better than the market. And don’t be surprised if the actual earnings growth surprises to the upside.”
10. JPMorgan Chase & Co. (NYSE:JPM)
Number of Hedge Fund Holders In Q2 2025: 124
JPMorgan Chase & Co. (NYSE:JPM)’s CEO, Jamie Dimon, roiled markets recently when he commented that he was worried about “cockroaches.” While Mr. Dimon likely isn’t suffering from an insect outbreak, his comments pointed to the bankruptcy of auto parts company First Brands. Dimon warned that there were likely more firms like First Brand, commenting that “when you see one cockroach,” you’re likely to encounter more. He added that there might be some “excess” in the credit market, given its bull run since 2010. Cramer also discussed JPMorgan Chase & Co. (NYSE:JPM)’s Sapphire cards and their advertisements, as well as the “cockroach” comment:
“[On race among credit card issuers to cater to high income high earners with perks] I’m watching these Sapphire ads and I said, this must be an ad for Temu or Shein. Cause like those ads, you know they didn’t have anything to do with credit cards, I know that much.
“JPMorgan’s been disappointing since they reported. But I think if you decide to say, hey listen, if you used a cockroach metaphor, I don’t wanna go buy your stock.”
9. United States Antimony Corporation (NYSE:UAMY)
Number of Hedge Fund Holders In Q2 2025: 13
United States Antimony Corporation (NYSE:UAMY) is an American rare earth metals company. The firm deals with metals such as zeolite and antimony. Its shares have gained a whopping 676% year-to-date. Like its peers, United States Antimony Corporation (NYSE:UAMY) has benefited from the trade tensions between the US and China. The tensions have seen Beijing restrict rare earth supplies, investment banks warn about its dominance in the industry, and American rare earth companies benefit from renewed investor interest. However, Cramer has taken the contrarian view as he believes that it’s time to sell United States Antimony Corporation (NYSE:UAMY)’s shares unless President Trump announces that the government is taking a stake in the firm:
“Yeah I mean that’s a real company but we have William Blair saying UAMY they love . . .These things are all like, unless Trump buys a stake in each of these one, you wanna sell these. You really do. . .because, why? Because, Antimony, it’s up 532% and they’re making a bid for some Australian rare earth, at six shares for one? That’s sounds like very 2000. Where they started merging, remember, cause they knew their stocks were too high.
“Just buy MP Materials, that’s a real company.”
8. American Resources Corporation (NASDAQ:AREC)
Number of Hedge Fund Holders In Q2 2025: 1
American Resources Corporation (NASDAQ:AREC)’s shares have gained a whopping 616% year-to-date. The firm is a rare earth metal company, which makes the share price gain unsurprising. American rare earth metal companies have seen their shares surge in 2025 due to the Chinese using their dominance of the rare earth metal supply chain as a bargaining chip in US trade negotiations. However, while the shares have soared, Cramer used the gains and American Resources Corporation (NASDAQ:AREC)’s peer’s United States Antimony bidding for an Australian company as warning signs. These trends are worrying the CNBC TV host, as he advised viewers to sell American Resources Corporation (NASDAQ:AREC):
“Yeah I mean that’s a real company but we have William Blair saying. . .they love American Resources, US Rare Earth. These things are all like, unless Trump buys a stake in each of these one, you wanna sell these. You really do. . .because, why? Because, Antimony, it’s up 532% and they’re making a bid for some Australian rare earth, at six shares for one? That’s sounds like very 2000. Where they started merging, remember, cause they knew their stocks were too high. . .American Resources is up 296. . .
“Just buy MP Materials, that’s a real company.”
7. NioCorp Developments Ltd (NASDAQ:NB)
Number of Hedge Fund Holders In Q2 2025: 9
NioCorp Developments Ltd (NASDAQ:NB) is another American rare earth metal company whose shares have surged in 2025. Year-to-date, they have gained 538%. The firm is currently focusing on producing the rare earth metals scandium and niobium. NioCorp Developments Ltd (NASDAQ:NB)’s shares, like those of its rare earth metal peers, have surged due to China restricting the metals’ global supply. The firm is currently focused on developing its Elk Creek project, where it aims to mine scandium, niobium, and titanium from a single ore. Cramer discussed NioCorp Developments Ltd (NASDAQ:NB)’s share price gains and advised viewers to sell the stock:
“Yeah I mean that’s a real company but we have William Blair saying . . .they love NioCorp, , ,These things are all like, unless Trump buys a stake in each of these one, you wanna sell these. You really do. . .because, why? Because, Antimony, it’s up 532% and they’re making a bid for some Australian rare earth, at six shares for one? That’s sounds like very 2000. Where they started merging, remember, cause they knew their stocks were too high.NeoCorp is up 432. . .
“Just buy MP Materials, that’s a real company.
“Do you think you’re early when a stock is up 432% for the year like NioCorp? Do you think you’re early?”
6. USA Rare Earth, Inc. (NASDAQ:USAR)
Number of Hedge Fund Holders In Q2 2025: N/A
USA Rare Earth, Inc. (NASDAQ:USAR) was part of a group of stocks that William Blair initiated coverage on Monday. The firm outlined that USA Rare Earth, Inc. (NASDAQ:USAR) was one of the rare earth companies that would benefit from the US government’s attempt to bolster its rare earth supply chain. Calling the rare earth company “one of the few fully integrated rare earth companies,’ William Blair praised USA Rare Earth, Inc. (NASDAQ:USAR)’s research, magnet manufacturing, and ownership of the Round Top mine in Texas. However, Cramer advised viewers to sell USA Rare Earth, Inc. (NASDAQ:USAR):
“Yeah I mean that’s a real company but we have William Blair saying UAMY they love. . .US Rare Earth. These things are all like, unless Trump buys a stake in each of these one, you wanna sell these. You really do. . .because, why? Because, Antimony, it’s up 532% and they’re making a bid for some Australian rare earth, at six shares for one? That’s sounds like very 2000. Where they started merging, remember, cause they knew their stocks were too high.NeoCorp is up 432, American Resources is up 296, only US Rare Earth has lagged. It’s only up a 141. That’s lagged.
“Just buy MP Materials, that’s a real company.”
5. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q2 2025: 235
NVIDIA Corporation (NASDAQ:NVDA) continues to be caught up in geopolitical tensions between the US and China as it’s restricted from selling its GPUs to the Asian country. Cramer discussed CEO Jensen Huang’s remarks in a conference where he shared that NVIDIA Corporation (NASDAQ:NVDA)’s China market share had dropped from 95% to zero:
“[On Huang’s comments about company losing market share in China] Yeah, look. The China hawks are, I thought that they didn’t have the cards. I thought that Jensen at one point was very clear that the President believed that he’s right. David seems like the globalists are once again, out.
“[On whether that meant we were back against free trade] Yes and back to jingoist versus India. And telling other countries what to do. And that the China. This may be a gambit for China. . .look the Chinese, Huawei, they have chips.
“They are my friends and, okay so listen to me and listen good. Next generation is reasoning. . .you can talk to it, it’s smarter. You can replace a huge number of people. However, we’ve seen, ultimately that you don’t have to worry about it. Good piece in the Washington Post, about how, historically, these things have bred, many jobs.”
“I think Jensen’s right, you’re gonna have these machines, this is not what he said, but I interpret it as meaning, when you have. . . when you have a third to fourth year lawyer. . it’s got to be right. The law firms I’ve dealt with and I’ve called everyone, they’re saying listen it’s not accurate enough yet. What happens if it is accurate?”
4. Cleveland-Cliffs Inc. (NYSE:CLF)
Number of Hedge Fund Holders In Q2 2025: 42
Cleveland-Cliffs Inc. (NYSE:CLF)’s third-quarter earnings saw its shares gain more than 20%. The firm is a steel company, but the shares moved in response to a surprising announcement related to rare earth metals by the firm’s CEO. Cramer commented on the development:
“It’s very exciting. Lorenzo Goncalves saying some really amazing things about the new trade environment. The United States is the most attractive steel market in the world. And it’s because of the Trump administration. They’re enforcing the trade environment, enforcing meaning so you can’t dump here. And David, get this, right out of nowhere, at the end, Mr. Goncalves concluded, beyond steel making, the renewed importance of rare earth, rare earth, rare earth, has driven us to refocus on the potential opportunity in our upstream mining assets. They have looked at their ore bodies and tailings basins, and they think they may have something. One in Michigan and one in Minnesota. That’s, those are mines. They’re already mining.”
3. Capital One Financial Corporation (NYSE:COF)
Number of Hedge Fund Holders In Q2 2025: 132
Capital One Financial Corporation (NYSE:COF) is one of Cramer’s top bank stocks. He has repeatedly praised the firm’s acquisition of Discover Financial and outlined that the deal could allow the bank to compete with major players in the payments industry. The CNBC TV host is also enamored by Capital One Financial Corporation (NYSE:COF)’s CEO and pointed out that the stock would be one to buy if the Fed cuts interest rates. This time, he discussed the bank’s earnings report and revealed that his charitable trust owns the stock:
“The one that I think is going to be the test case David, my charitable trust has a position in Capital One. Now they report tomorrow, alright, after the close. And that’s going to be more important than any. . .because. .that has the borrowers [inaudible] scratch.”
Previously, Cramer commented on Capital One Financial Corporation (NYSE:COF)’s shares in the context of the Federal Reserve’s interest rate cuts and analyst coverage:
“I would tell you that when the rate, when the economy gets weaker and the Fed moves and cuts rates, this is the one you want to buy. So I think these people are being very shortsighted. I don’t think they understand who really runs this bank because Fairbank’s really unbelievable. I think the stock deserves to be at the 230 range. I would be a buyer heavily here. I think these analysts are going to miss the next big move, and they’re making a major mistake, and I’m calling them out on it.”
2. Arm Holdings plc (NASDAQ:ARM)
Number of Hedge Fund Holders In Q2 2025: 41
Arm Holdings plc (NASDAQ:ARM) is a British semiconductor design company. It is one of the key players in the industry since its intellectual property is used in chips for smartphones, data centers, and other applications. Firms like Arm Holdings plc (NASDAQ:ARM) have grown in prevalence as semiconductor manufacturing process advances have enabled designers to rely on its low-power designs for heavy computing use cases. In this episode, Cramer discussed a recent interview with Arm Holdings plc (NASDAQ:ARM) CEO Rene Haas and the CEO’s comments about cloud computing:
“And I did want to come back to, what happened with Rene Haas last week and the glasses. Rene did feel that maybe I had misinterpreted his boisterous nature. But he did say that maybe there was more cloud than he thought, than he should have said.
“I just did feel like I had to kind of correct the narrative.”
Cramer discussed Arm Holdings plc (NASDAQ:ARM) and AI demand in February. Here is what he said:
“Tomorrow, we’re going to hear from Arm. And you’re going to hear Arm saying listen we’re winning that arms race in CPUs too. So there’s just a lot of them and they have a confluence of things with Jensen. But I just come back and say, Rene Haas doing better, at Arm, Jensen Huang doing better in NVIDIA.”
1. PG&E Corporation (NYSE:PCG)
Number of Hedge Fund Holders In Q2 2025: 77
PG&E Corporation (NYSE:PCG) is an electricity and natural gas provider. Cramer’s comments about the firm were rather interesting, as he revealed that discussions with the CEO had revealed that perhaps the US might be able to meet the significant electricity demand of AI data centers:
“One of the things that I was just, I mentioned, I interviewed someone, who’s fantastic, who’s completely overlooked. Patti Poppe. Who is the amazing CEO of Pacific Gas & Electric, PG&E. And she said, Carl, no problem with power. Didn’t understand what the deal was. There’s plenty of power. There’s, it’s just not, yes, plenty of power. She has excess power. . .Patti in particular dismisses the power shortage.
“She’s saying that’s a big mistake. . .all this gigawatt building, cause you don’t need it. You just need to balance the load more. . . .Patti Poppe told me that they had more than enough to be able to build a bunch of them in California. I mean California is supposed to be strapped entirely. So it made me rethink. She said look a lot of this is load balancing but these guys don’t seem to know how to load balance. She was very critical of the people who think that they’re going to need to build these things.”
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