Jim Cramer Highlighted 5 Stocks Including Alphabet, and the Market’s Appetite for New Supply

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5. The Goldman Sachs Group, Inc. (NYSE:GS)

The Goldman Sachs Group, Inc. (NYSE:GS) was among the stocks Jim Cramer highlighted on Mad Money as he noted that the market has an appetite for stocks. Cramer mentioned the stock while discussing banks, as he commented:

We saw a host of non-data center stocks do well today… The banks went up… The financials are arguably the most important sector…  out there, and they’ve been the worst performers of the year. Goldman Sachs and Morgan Stanley are both winning big in the hyperscaler stock derby, running away with the honors and deals, but they have been in a club of their own. Today, we saw something like, saw real life in real banks like JPMorgan, PNC, Citigroup, a bunch of the other large banks, a sign that the economy may be healthier than we think.

The Goldman Sachs Group, Inc. (NYSE:GS) provides financial services, including investment banking, asset and wealth management, and banking solutions. During the June 2 episode, Cramer mentioned the stock and said:

I want to find an antidote to some other, maybe some other sectors, where growth stocks in non-growth sectors are now being thrown away. I want to be systematic about it, so here’s what I thought. I drew up a list of the worst-performing sectors in the S&P 500 this year, looking for stocks that seem way too out of favor within those sectors. The most miserable part of this market right now are the banks.

People have lost faith in the bank stocks because of credit worries. Nothing drives buyers away like credit issues. And with the economy weakening thanks to the price of gasoline, we have to ask ourselves which financials can withstand the pressure. Now, the investment banks like Goldman Sachs and Morgan Stanley, they’ve got relatively little exposure to consumers. They’ve been monstrously good stocks to own. We love Goldman. We have a big position in it for the Trust.

4. Blackstone Inc. (NYSE:BX)

Blackstone Inc. (NYSE:BX) was among the stocks Jim Cramer highlighted on Mad Money as he noted that the market has an appetite for stocks. Cramer discussed the stock’s recent rally, as he stated:

This morning, the worries over private credit started all over again. Remember when all the intelligentsia told how bad that was going to be with the talk of redemptions by individuals who didn’t know the risks of these funds. Blackstone, a gigantic private equity… limited redemptions of a flagship private credit fund during its regularly scheduled opening. Normally, that kind of news, oh boy, it would cause a lot of fear and send the entire market plummeting as it regularly did not that long ago.

Instead, the market just chose to overlook it… Blackstone stock jumped 7.5% today. It was the best performer in the entire S&P 500. Two months ago, it probably would’ve been the worst performer in the S&P 500. The doom-mongers would’ve just taken this one to town. KKR and Ares Management, two more private equity firms [that] have been afflicted by redemptions, also rallied nicely. In fact, they were among the top 10 performers in the whole S&P 500, too.

Blackstone Inc. (NYSE:BX) manages alternative assets, specializing in private equity, real estate, hedge fund solutions, and credit strategies.

3. NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA Corporation (NASDAQ:NVDA) was among the stocks Jim Cramer highlighted on Mad Money as he noted that the market has an appetite for stocks. Cramer mentioned the stock while highlighting skepticism around AI. He said:

The level of skepticism around AI has become downright toxic these days. I keep hearing that nobody’s getting a real return from all that spending, except for NVIDIA, which makes the chips, yet the stock NVIDIA… I don’t know, the technical term I learned when I was at Goldman Sachs, mojo, doesn’t have it. The darn thing has been playing a game of “Shoots and Ladders” with its shareholders.

NVIDIA Corporation (NASDAQ:NVDA) develops accelerated computing and AI platforms, GPUs for gaming and professional use, cloud services, robotics and embedded systems, and automotive technologies. During the June 3 episode, Cramer noted that he remains a “believer” in the stock, as he said:

This company just had a very successful COMPUTEX festival in Taiwan with CEO Jensen Huang at the top of his game, talking about how his Vera Rubin chips are so fantastic, and they have brought acceptance already. It was a very compelling story, and you know, I remain a believer in NVIDIA, but when I look at the stock, the big six need to sell, I’m betting most of the buyers will also own the stock of NVIDIA. If you love the data center story, right, you love NVIDIA. It’s at the heart of it. Jensen’s sticking by his mantra: companies that buy his wares will make money with them. Of course, his wares have to be put in these gigantic warehouses full of servers, and they need a lot of power and a lot of money. But the whole thing could take years. It’s a huge build-out.

So the most natural source of funds for these deals isn’t a Chevron or a JPMorgan or a Walmart or a Lilly or maybe even an Apple. Sellers will most likely hit Microsoft and Amazon, anticipating deals where they might be able to buy the stock back. And once again, I hope they don’t try to raise that money. I really wish they could just come out and say they won’t, but that’s a tough thing to do. Really, though, the buyers will raise money by selling NVIDIA. I am deeply concerned that it’ll become known as a market donor, a source of funds for those who want to buy these new companies and don’t have the capital to do so. I hope NVIDIA gets a chance to buy back so much stock that it’ll be great.

But you know what? It’s going to be a little difficult right now. That’s why I believe NVIDIA stock was down so hideously today, down eight bucks, 3.62%. It’s just too easy to sell… Right now, NVIDIA’s looking like the biggest piggy bank in the world. While it’s not going to be empty, and of course, it does have $5.2 trillion of other people’s money as its market cap, you gotta expect some withdrawals, even as I think the story is excellent. We own NVIDIA for the Charitable Trust. I have total faith in AI as the fourth industrial revolution. I have total faith in Jensen Huang. I’ll try to own it through… deals, but I have no illusions; it’s going to be a tough time for shareholders.

2. Alphabet Inc. (NASDAQ:GOOGL)

Alphabet Inc. (NASDAQ:GOOGL) was among the stocks Jim Cramer highlighted on Mad Money as he noted that the market has an appetite for stocks. Cramer highlighted the company’s stock repurchases, as he said:

Something may be going on with the underwriting process that we haven’t seen very often. We just had a phenomenally successful Alphabet secondary priced well by Goldman Sachs to the point that it looked like we had very few flippers and a lot more demand than we expected. It was an outstanding success, just a huge amount of demand… Alphabet bought back $45 billion worth of stock. In the first quarter of this year, it snapped up another 15 billion. So it’s last year, 45, this year, 15. Now it is selling similar volumes. Can you believe that? Sold it, all the stock they bought last year? Wow.

Alphabet Inc. (NASDAQ:GOOGL) provides technology-related products and services, including search, advertising, cloud computing, AI tools, and digital content platforms such as YouTube and Google Play. The stock was mentioned by Cramer during the June 3 episode, and he remarked:

Now, we should be heartened by what happened to the stock of Alphabet today. They were able to raise some $45 billion out of $85 billion that they wanted to raise totally, pretty much in a snap, and the stock even traded up briefly after the pricing. Perhaps that’s because Berkshire Hathaway bought $10 billion worth, good imprimatur, even if it’s the Greg Abel Berkshire and not the Warren Buffett version. I think Goldman Sachs did a remarkable job placing that deal. Point is, Alphabet could raise serious money and look at the action in the stock… you know, barely notice. It was the first though, in the shoot for these companies. That was a really smart move.

1. Broadcom Inc. (NASDAQ:AVGO)

Broadcom Inc. (NASDAQ:AVGO) was among the stocks Jim Cramer highlighted on Mad Money as he noted that the market has an appetite for stocks. Cramer highlighted the stock’s parabolic move before the quarter, as he said:

… The disappointing earnings may not be as crushing as we think. This is not the first time that Broadcom, which by the way, is a gigantic company, has offered a measured forecast only to crush the numbers next quarter. The stock had gone parabolic into the quarter, and as we told CNBC Investing Club members when we sold some stock ahead of this quarter this week, a parabola is never a good sign.

Plus, when we speak with George Kurtz, the CEO of CrowdStrike tonight, I think we’re going to get a much better sense of how well the cybersecurity company’s doing. And the notion of an earnings or a forecast disappointment, it may be misplaced… The disappointments really weren’t all that disappointing.

Broadcom Inc. (NASDAQ:AVGO) supplies semiconductor devices and infrastructure software, including networking, connectivity, and storage solutions. The company’s products are used for applications in data centers, telecommunications, broadband, smartphones, industrial systems, and AI networking. Cramer discussed the company ahead of its earnings report on the May 29 episode. He commented:

After the close, club members beware, we have both Broadcom and CrowdStrike, two very important positions for the Trust. Both hit their all-time highs today, so I have to be a tad circumspect. You know how I feel when stocks run up ahead of a quarter. Broadcom’s stock hasn’t done all that much this year. I think it’d be delivering a good one.

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