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 shared why he believes that President Trump’s tariffs are generating negativity in the media and markets. Citing Michael Dell’s computer hardware company, he shared that if “you’re going to buy some equipment” from the firm, it would have to “import some things.” Tariffs introduce confusion in product prices, Cramer shared. “Is it 25%? Is something if it’s a 100 dollars, 125? People want certainty. We don’t have certainty yet. Maybe April 2nd, the day of April Fool’s Day we’ll have a better feel for everything,” he added.
As investors worry about the economy and enter into a risk-off mode, one casualty of the pessimism has been Bitcoin. Year-to-date, the world’s premier cryptocurrency is down by 10.5% year-to-date. Commenting on the fall, Cramer stated “Bitcoin has kind of lost its luster, so to speak. Ha ha. People are thinking that Bitcoin may not be as great a store of value as gold is.”
“David the gloom is so palpable, I hate being so happy out here,” He added. “David, I’m tired. I’m tired of the negativity. Can we stop it? Let’s be more upbeat,” Cramer said.
One key theme of the show was negativity and its effect on markets. At the opening bell ring, America’s largest bank in terms of assets launched a new inverse futures ETF. As futures dropped due to the negativity, Cramer remarked: “Boy do we need that. Talk about something we need right now.”
Keeping up with the theme, Cramer lamented “that everyone is so gloomy, you can cut it with a hammer, don’t need a knife. Hey can I get a putting knife to cut the gloom please?”
The CNBC TV show host also remarked on Wall Street’s top AI GPU stock being up 30% over the past year despite its disappointing year-to-date performance:
“Well you know why? Because he’s talking quantum today and that’s another ridiculous thing that everybody’s excited about that’s not gonna be good for three to five years. Except for nuclear. That’s the one that people are starting to talk about. Long after you and I are pushing up daisies, nuclear’s still gonna be in its infant stage.”
As to whether he’s uncertain about America’s future, here’s what Cramer said:
“I’m not so bearish on America like everybody else. Look I know that the Fed governors are offline. They’re worried, they’re worried, they’re worried. Okay. Look, we’re gonna have tariffs. And then we’re gonna get over the tariffs. And then we’re gonna do fine. So you can sell now and I hope you can get back in. Good luck.”
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 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
7. Costco Wholesale Corporation (NASDAQ:COST)
Number of Hedge Fund Holders In Q4 2024: 96
Costco Wholesale Corporation (NASDAQ:COST) is an American discount retailer that’s discussed by Cramer almost every other day. The firm’s shares are flat year-to-date primarily due to a selloff in March due to investor worries about a recession. Cramer has repeatedly cited hope in Costco Wholesale Corporation (NASDAQ:COST)’s shares due to the firm’s business model of offering its customers the lowest prices. Here are his latest remarks about the firm:
“Costco, someone lowered their price tag. Costco’s the cheapest place on Earth to shop. And they had a good quarter. People just didn’t recognize it.”
6. Walmart Inc. (NYSE:WMT)
Number of Hedge Fund Holders In Q4 2024: 116
Walmart Inc. (NYSE:WMT)’s another top Jim Cramer retail stock. The host is impressed by the firm’s scale which he believes is key to its survival in an inflationary market and tariffs. However, while Cramer has gone as far as to say that Walmart Inc. (NYSE:WMT) is one of his top non-tech stocks, more recently, he has raised doubts about the firm’s performance. Walmart Inc. (NYSE:WMT) is also adding buy-now, pay-later firm Klarna to its stores. Klarna is set to list its shares on the market. Here’s what Cramer said about the deal:
“Uh, Klarna, takes the Walmart deal. We don’t even know what they had to give Walmart to get that from a firm. Less than five percent of a firm is a lot of comeback here.”
“No, I’m saying that Walmart’s cheap and Amazon are cheap. And I don’t share the negativity when it comes to the vast number of people who trade.”
5. JPMorgan Chase & Co. (NYSE:JPM)
Number of Hedge Fund Holders In Q4 2024: 123
JPMorgan Chase & Co. (NYSE:JPM) is the world’s largest private bank in terms of assets. Its shares are up by 20% over the past year and are flat year-to-date. March has been a particularly tough month for the bank as its shares have lost 10% so far. JPMorgan Chase & Co. (NYSE:JPM)’s stock has fallen along with its peers due to recessionary worries plaguing investors’ minds. Banks typically do not perform well in a recession as the demand for their loans drops and the chance of borrowers defaulting increases. Here’s what Cramer said about JPMorgan Chase & Co. (NYSE:JPM):
“By the way, this very morning David, Mike Mayo, a showman from Wells Fargo, calls JPMorgan, the NVIDIA of banking! So this is the piece which bridges me from where we were yesterday.”
4. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Number of Hedge Fund Holders In Q4 2024: 186
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s largest contract chip manufacturer. Its leading-edge chip manufacturing processes and key partnerships with big-ticket tech names such as NVIDIA and Apple mean that it is one of the most important companies in the world. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s shares are down by 12.8% year-to-date on the back of a broader selloff in AI stocks. Here are Cramer’s thoughts:
“I don’t know if we have a seven second clip of what Jensen’s saying about the President in his meetings, and how he’s actually going to bring some manufacturing here. He doesn’t really manufacture anything but he’ll use Taiwan Semi.”
3. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q4 2024: 223
NVIDIA Corporation (NASDAQ:NVDA), whose shares were at point the market leader in terms of market capitalization, are now shunned by the market. They are down by 15.9% year-to-date as they have struggled to recover from January’s DeepSeek selloff which bled nearly $600 billion in market value. NVIDIA Corporation (NASDAQ:NVDA) has failed to convince investors that the demand for its products will grow. This was also the case after this week’s GTC conference, which failed to stimulate the stock despite CEO Jensen Huang’s focus on robotics. Here is what Cramer said:
“[On Huang saying NVDA will be the foundation for the world] I wish I could say it was just hubris. The market seems to think it is. Stock’s selling for arguably 19 times earnings. I think it’s all wrong. I think NVIDIA’s an inexpensive stock. One trillion in total addressable market for the cloud. One trillion for autonomous vehicles. One trillion for robots. The robots I saw David were really the stars of the show. They were remarkable whether they’d be little droids or whether it be robots I had a very robust discussion with. The only thing they wouldn’t talk about is tariffs. They’re much better sweeping floors and putting things in the dishwasher.”
“I don’t know if we have a seven second clip of what Jensen’s saying about the President in his meetings, and how he’s actually going to bring some manufacturing here. He doesn’t really manufacture anything but he’ll use Taiwan Semi.”
“Well I think that Jensen feels that the last year this time he had a good business. Now it’s a hundred times more than he thought. Literally. 365 days. Again, the stock is saying, don’t believe what that man says. Just ignore him. I can’t do that. He’s too good. He’s too rigorous. I’m against the sellers who come out every single morning . . .in a moment of exasperation said, they’ve turned the greatest company we have in this country into a meme. The traders don’t know what they’re doing.”
“It means that the people who are selling it right now at nine, eleven, after nine, they don’t know the difference between I don’t a power, a gas powered drill and a battery powered drill.”
“David this is an example of what I’m talking about. The clown show that exists before the market opens. NVIDIA was at 118 and 30 cents, when we were slamming them down . . .and now, it was at 116 when I got up. And now it’s at 118. Tell me about what that’s worth. What does the market do at 4am that is so. . .”
2. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders In Q4 2024: 262
Meta Platforms, Inc. (NASDAQ:META) is the largest social media company in the world. It has also been a strong performer amidst its mega-cap stock peers. Meta Platforms, Inc. (NASDAQ:META)’s shares 22.9% between January to March on the back of consecutive daily gains. However, more recently, recessionary worries have affected the stock. In his previous comments, Cramer praised the firm’s cost-cutting efforts and pointed out its AI monetization potential. Here are his latest remarks about Meta Platforms, Inc. (NASDAQ:META):
“Right now I think that Meta is way undervalued. That stock is going down, down, down. Because people are worried about the advertising model. Because in a recession you get less advertising. I think you just buy the stock.”
1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders In Q4 2024: 339
Amazon.com, Inc. (NASDAQ:AMZN) is the largest eCommerce retailer in the world and a key player in the cloud computing and software-as-a-service industries. The shares are down by 11.6% year-to-date as they join their mega-cap peers in posting losses. Part of the losses are due to weakness in the firm’s cloud computing business. Like peer Alphabet, Amazon.com, Inc. (NASDAQ:AMZN)’s shares dipped after its latest earnings report when cloud revenue growth disappointed investors. In March, the stock is down by 8%. Here is what Cramer said:
“Amazon’s been under a lot of pressure. People worried about the retail part of Amazon. I’m not as concerned because I think people who are not doing as well. . I think they shop at Amazon. Because it’s much less expensive than everybody other than maybe Walmart.”
AMZN is a stock Jim Cramer recently discussed. While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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