In this piece, we will look at the stocks Jim Cramer recently discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer reiterated that the Trump administration has to clarify its narrative about tariffs to convince the average American about their utility. Cramer shared that American goods are unfairly treated all over the world. When asked what he would prefer, he replied:
“No, there are an amazing number of tariffs against us. Amazing number. And it’s so palpably horrible, but we don’t explain it. I mean I know a lot of tariffs against us. It’s unbelievable what’s tariffed. Almost everything is tariffed against us. But the President just says listen, we’re gonna get them. But why? And the answer is, if you saw what he saw, you would say, this horrible. I’m with the President. But there’s no list. There’s no attempt to educate us.”
Cramer added that few people are smart enough to figure out the impact of tariffs. On a recent report from Bank of America highlighting that it wasn’t a bear market, Cramer was appreciative. “I found the notes this morning were genuinely reassuring,” he outlined. He also commented on a shareholder letter from bank CEO David Solomon. Cramer opined that most banking officials had become too optimistic about lower banking regulations once President Trump took over. According to him, this included Solomon. The CEO “just didn’t see it coming either,” Cramer said and added, “no one really saw it coming that the President would not do any deregulation.”
Worried that his remarks about tariffs might be misconstrued to be against them, Cramer was careful to stress that “I may agree with everything he [The President] is saying, I just don’t agree with the way it’s being said.”
The conversation then shifted to a potential positioning unwind in the market with an early stage of investors assessing the risk of a recession. According to him:
“Well, okay look, I mean there are companies, and there’s companies that are making a lot of money. And their stocks are being thrown out as well as companies that are not doing as well. But until eight weeks ago many, many companies were doing well. Now see that seems to be an abstraction too. Does it matter to the President that every retailer says that they’re doing poorly. You know, if you say no, then you have companies that can go bankrupt. Now on whose hands are that. The companies themselves? How about creating an atmosphere that makes it so you don’t want to buy anything? That’s what’s going on. Creating an atmosphere where you don’t want to travel. Where there had been a bull market. Creating an atmosphere where you wanted to take a plane trip somewhere and now you don’t. What does that do? That is not about tariffs. It’s not about France. It’s not about Germany. It’s not about, remember we’re gonna have to put tariffs on all the autos. Germany, Japan, Korea cause they have almost no tariffs. And if we’re doing this thing, I’d say look here’s what we’re putting on, here’s what they do to us. But no. It has to come staggered. So, like, the market will rally to I don’t know 5,600 and then we’ll get hit by a posting. And the posting just talks about how miserable and horrible the Koreans are and who are the Germans to do this to us? And Japan’s outrageous!”
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 March 14th.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10. Agnico Eagle Mines Ltd (NYSE:AEM)
Number of Hedge Fund Holders In Q4 2024: 53
Agnico Eagle Mines Ltd (NYSE:AEM) is a Canadian gold mining company with operations in several countries. Its shares have performed well over the past year and year-to-date as they have gained 94% and 29%, respectively. The shares have benefited from rising global uncertainty which has recently pushed gold prices to a record high above $3,000 per ounce. Cramer’s previous remarks about Agnico Eagle Mines Ltd (NYSE:AEM) have cited optimism in the stock. Here are his latest comments:
“Well I had Agnico Eagle on, the true worth of gold versus this [bitcoin] as historical has really come out. And he’s just saying listen this is gold’s time, it’s very hard to try to figure out which Bitcoin and how Bitcoin is going up.”
9. Palantir Technologies Inc. (NASDAQ:PLTR)
Number of Hedge Fund Holders In Q4 2024: 64
Palantir Technologies Inc. (NASDAQ:PLTR) is a data analytics and software company that has been a regular feature of Cramer’s morning show this year. Apart from being full of praise for the firm’s CEO Alex Karp, Cramer has also shared optimism about the firm’s ability to work with Elon Musk’s DOGE to help cut costs at the Pentagon. However, after the recent pullback in Palantir Technologies Inc. (NASDAQ:PLTR)’s shares which has seen them lose 33% since late February, Cramer has held back. Here are his latest comments:
“The winners will become not winners. Except for Palantir because they own the media.
. . .he’s [Karp] good. The odd thing about Karp is that is as noisy as he is, he actually delivers. And I think that they would do great things. I’m actually looking for them to be able to help the Defense Department really take the costs out. Because we do have great ideas. But most importantly, the problem with the Defense Department is procurement. And Alex Karp and his team have answers for procurement. Which is congratulations, it’s a byzantine world and they’ve got it figured out. Unleash them and not just . . .Musk.”
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