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Jim Cramer is Recommending These 10 Stocks Heading Into May 2024

In this article, we will take a detailed look at the latest stocks Jim Cramer is recommending. If you want to skip our detailed analysis and see the top 5 stocks in this list, click Jim Cramer is Recommending These 5 Stocks Heading Into May 2024.

Jim Cramer is concluding April by talking about some specific stocks whose performance could give investors insights into the market dynamics today. On Monday, Cramer said during his program on CNBC that Apple Inc (NASDAQ:AAPL)’s and Tesla Inc (NASDAQ:TSLA)’s recent rise is “instructive of what can make a stock go higher in this dynamic market.”

Elon Musk Bags a “Terrific Rabbit”

Cramer said he’s been saying that Tesla Inc (NASDAQ:TSLA) shares would keep tanking until and unless “Elon Musk pull a rabbit out of the hat.” Cramer said while Musk wasn’t able to find “that rabbit” in time for the quarter, he was able to “bag a terrific one” on the weekend as the company received in-principle approval from China to deploy its driver-assistance system. The stock jumped about 15% on the news. This development, according to Cramer, could give Elon Musk a “whole new revenue stream” and offset the effects of “vicious” price cuts in China.

Cramer also talked about Tesla Inc (NASDAQ:TSLA)’s latest deal with Baidu, which he called the “Google of China.”  The deal, according to media reports, is related to Baidu’s mapping and navigation functions, and could clear a hurdle for Tesla to start operating its autonomous driving technology in China.

Jim Cramer said that Elon Musk is “doing something no American CEO can do, just get on a plane and make a deal with the leader of a country” that our government is not fond of. Because of this, according to Cramer, Tesla Inc (NASDAQ:TSLA) shareholders are loving Elon Musk since the stock is up significantly, making a “fool of last week’s downgraders.”

Cramer said that Tesla Inc (NASDAQ:TSLA) shares can “keep running” until its “shorts are crushed.”

Should You “Buy The Fear” on Apple? Cramer Shares His Thoughts

Jim Cramer also talked about Apple Inc (NASDAQ:AAPL), which is up after Bernstein analyst Toni Sacconaghi upgraded it, urging investors to “buy the fear,” with an $195 price target. Cramer highlighted Sacconaghi’s thesis which says that Apple Inc (NASDAQ:AAPL) might be entering a “seasonably strong trading period.” The analyst also said that Apple Inc (NASDAQ:AAPL)’s problems in China might be “cyclical” and the stock is a buy because of its low valuation.

But does Cramer agree with Toni Sacconaghi? Cramer reiterated that for the past 20 years he’s believed Apple Inc (NASDAQ:AAPL) stock should be held, not traded. He also said that Toni Sacconaghi is an Apple Inc (NASDAQ:AAPL) “skeptic” as in February 2018 the analyst downgraded the stock and cut his price target to $170. Adjusting for Apple’s stock split, the analyst’s projections turned out to be wrong. Cramer said that Toni Sacconaghi is a “leader” of the “contingent” which has been saying that Apple’s “glory days” are behind us. Cramer also said he doesn’t care about Toni Sacconaghi’s estimates and projections and feels the analyst’s bullish call on the stock might “jinx it.” However, Jim Cramer yet again recommended investors to buy the stock, albeit after a pullback.

For this article we watched several latest programs of Jim Cramer and picked 10 stocks he’s bullish on and recommends investors to buy. With each stock we have mentioned its number of hedge fund investors. Why do we pay attention to hedge fund sentiment? Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here).

10. Recursion Pharmaceuticals Inc (NASDAQ:RXRX)

Number of Hedge Fund Investors: 17

Jim Cramer said he was “waiting” for someone to bring Recursion Pharmaceuticals Inc (NASDAQ:RXRX) stock up. Cramer is bullish on the company because of its partnership with Nvidia. Cramer said Nvidia talked about Recursion Pharmaceuticals Inc (NASDAQ:RXRX) “endlessly” at the “great” GTC conference.

“I think you have a real winner. The stock went up around the conference and it has come right back down. Recursion is for me.”

RXRX is a small company which Cramer likes. He is also recommending Apple Inc (NASDAQ:AAPL), NVIDIA Corp (NASDAQ:NVDA) and Microsoft Corp (NASDAQ:MSFT) for the long term.

During its Q4 earnings call, Recursion talked about its partnership with Nvidia:

“Then in July, a month later, we announced our collaboration with NVIDIA.

This included a $50 million equity investment. And with our partners at NVIDIA, we’re working on advanced computation, so foundation model development; we’ve got priority access to compute hardware, which I’ll talk about later; and the DGXCloud Resources and we talked with them about the potential for us to put some of our tools into their BioNeMo marketplace. And in fact, just last month in January at the JPMorgan Healthcare Conference, we released the first third-party tool to exist on NVIDIA’s BioNeMo platform. That was our Phenom-Beta foundation model in January of 2024. So very excited about this ongoing collaboration. One month later in August, we were able to deliver a demonstration of how we leveraged the May acquisition of Cyclica and our brand new partnership with NVIDIA to drive a real value into our platform.

We were able to predict the protein ligand interactions for more than 36 billion compounds from the N Enamine REAL Space across about 80,000 predicted binding pockets spanning the human proteome. And what this did was generate a large in silico data layer for us, a synthetic data layer.”

Read the detailed earnings call transcript here.

9. Enterprise Products Partners LP (NYSE:EPD)

Number of Hedge Fund Investors: 23

Jim Cramer was recently asked about oil and gas pipeline company Enterprise Products Partners LP (NYSE:EPD). He said that the company has the “best network” of fractionators in America. He hit the “buy, buy, buy” button on Enterprise Products Partners LP (NYSE:EPD).

“I can’t say enough positive things,” Cramer said.

8. Caseys General Stores Inc (NASDAQ:CASY)

Number of Hedge Fund Investors: 32

Jim Cramer in his latest program called food and grocery company Casey’s General Stores, Inc. (NASDAQ:CASY) a “gem” and hit the “buy, buy, buy” button on the stock.

“Loved the pizza there.. that is a winner, it should be bought, it’s not that expensive given its growth prospects. I wish they’d split the stock.”

ClearBridge Mid Cap Strategy made the following comment about Casey’s General Stores, Inc. (NASDAQ:CASY) in its third 2023 investor letter:

“The Strategy’s consumer staples holdings also fared well. One of our top performers was Casey’s General Stores, Inc. (NASDAQ:CASY), which operates convenience stores and gas stations. The company continues to drive greater growth and improve internal performance through the expansion of its private label offerings, while a cooling labor market has helped alleviate wage pressures on margins. By deliberately focusing its geographic footprint on smaller communities, the company has high market share in the regions it serves as well as pricing power, which we believe will continue to be long-term earnings drivers.”

7. Celsius Holdings, Inc. (NASDAQ:CELH)

Number of Hedge Fund Investors: 42

When asked about energy drinks company Celsius Holdings, Inc. (NASDAQ:CELH), Jim Cramer said that he’s “liking” Celsius. Cramer said Celsius Holdings, Inc. (NASDAQ:CELH) went down “because of Monster, but the problems with Monster are really the win for Celsius.”

Jim Cramer was referring the Monster Beverage’s declines that came after the stock was hit by two downgrades from notable Wall Street analysts. JPMorgan decreased its rating for the stock to Neutral from Overweight, while Truist Securities downgraded the stock to Sell.

Like CELH, Cramer is also bullish on Apple Inc (NASDAQ:AAPL), NVIDIA Corp (NASDAQ:NVDA) and Microsoft Corp (NASDAQ:MSFT).

Artisan Mid Cap Fund stated the following regarding Celsius Holdings, Inc. (NASDAQ:CELH) in its fourth quarter 2023 investor letter:

“We initiated new GardenSM positions in Equifax, Celsius Holdings, Inc. (NASDAQ:CELH) and Xylem during the quarter. Celsius is an energy drink company viewed as providing a healthier option than its large competitors. We believe Celsius’ product portfolio appeals to a broad demographic, attracting new consumers and more frequent usage occasions in the energy drink category, enabling Celsius to grow sales through market share gains and market expansion. Furthermore, the company signed a US distribution partnership with PepsiCo in October 2022, which is bringing the product into new points of distribution while also improving its penetration across existing points of presence. The end result should be better product availability, increasing brand awareness, higher sales volumes and scale-driven margin improvements.”

6. Coterra Energy Inc (NYSE:CTRA)

Number of Hedge Fund Investors: 42

Answering a question about oilfield services company Schlumberger, Cramer said that the company “did not deliver.” Cramer said he feels “terrible” about the stock. However, Cramer reminded investors that he likes Coterra Energy Inc. (NYSE:CTRA) and his charitable trust also owns a position in the company.

Coterra Energy Inc. (NYSE:CTRA) stock has gained about 10% so far this year.

Like Apple Inc (NASDAQ:AAPL), NVIDIA Corp (NASDAQ:NVDA) and Microsoft Corp (NASDAQ:MSFT), Cramer is also bullish on CTRA.

Diamond Hill Mid Cap Strategy stated the following regarding Coterra Energy Inc. (NYSE:CTRA) in its fourth quarter 2023 investor letter:

“Other bottom contributors in Q4 included Coterra Energy Inc. (NYSE:CTRA), VF Corporation and Ciena Corporation. Coterra Energy is an oil exploration and production company focused in West Texas’s Permian Basin and Oklahoma. Though production is beating expectations, shares traded in sympathy with the broader industry, which declined alongside falling oil and natural gas prices.”

Click to continue reading and see Jim Cramer is Recommending These 5 Stocks Heading Into May 2024.

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Disclosure. None. Jim Cramer is Recommending These 10 Stocks Heading Into May 2024 is originally published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

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This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…