Jim Cramer Highlighted Buying Opportunities in 13 Stocks

2. Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Holders: 136

Cramer is confident about Uber Technologies, Inc. (NYSE:UBER) and called it a winner among its delivery peers.

“Same thing with Uber, and you see, you see Uber won the war of pickup and deliver. The numbers reported at this point were extraordinary, but the experts found a line or two they didn’t like. Next thing you know, they kick it to the curb and you get an opportunity to buy some at a discount. I am confident about this one after interviewing CEO Dara Khosrowshahi this very morning on Squawk on the Street… I think this is a good one.”

Uber Technologies, Inc. (NYSE:UBER) designs and operates technology for mobility, delivery, and freight services, connecting users with transportation options, supporting retailer deliveries, and operating a digital logistics platform for shippers and carriers. RGA Investment Advisors stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its Q4 2024 investor letter:

“During the quarter, we initiated three new investments, each in companies we have followed closely for a considerable time. At various points, we viewed them as missed opportunities; however, our experience with Mr. Market has taught us that patience often creates inevitable entry points. This quarter, some exciting opportunities presented themselves. The three investments are Amazon (NASDAQ: AMZN), Diageo (NYSE:DEO), and Uber Technologies, Inc. (NYSE:UBER). We will discuss each in detail below

At the halfway point of the year, Uber was one of the top-performing stocks in the S&P, and we couldn’t help but kick ourselves for having spent considerable time researching the company—demonstrating gen[1]uine interest—only to never invest a dime. By year-end, however, Uber’s stock had not only surrendered all its gains but had fallen even further. So, what changed? Hype, plain and simple. Specifically, hype surrounding fully autonomous vehicles (AVs).

While we are excited by the advancements toward full autonomy and have friends who rave about their experiences with Waymo, the narrative (there’s that word again!) surrounding the inevitability of AVs has become so pervasive that it’s taken on a life of its own in markets…” (Click here to read the full text)