Jim Cramer is Recommending These 5 Stocks in June

In this article, we discuss the 5 stocks that Jim Cramer is recommending in June. If you want to read about some more stocks that Jim Cramer is recommending in June, go directly to Jim Cramer is Recommending These 10 Stocks in June.

5. Target Corporation (NYSE:TGT)

Number of Hedge Fund Holders: 50    

Target Corporation (NYSE:TGT) is a general merchandise retailer. Jim Cramer gave the stock a Buy recommendation during the Lightning Round segment of his show on June 7. Cramer was of the opinion that recent news from the company that it would need to shed inventory, resulting in a strain on profits for the near-term, suggested that inflation might be peaking. He also said that the news was good for the central bank that had been fighting against inflation. He advised his viewers not to “overthink” in this scenario. 

On June 7, DA Davidson analyst Michael Baker maintained a Buy rating on Target Corporation (NYSE:TGT) stock and lowered the price target to $171 from $205, noting the tough decisions the firm was making to set up for a “better second half with cleaner inventories”. 

Among the hedge funds being tracked by Insider Monkey, Boston-based Arrowstreet Capital is a leading shareholder in Target Corporation (NYSE:TGT), with 2.5 million shares worth more than $530 billion. 

In its Q2 2021 investor letter, Nelson Capital Management, an asset management firm, highlighted a few stocks and Target Corporation (NYSE:TGT) was one of them. Here is what the fund said:

“We added Target Corporation (NYSE:TGT) to our consumer staples sector. Target Corporation (NYSE:TGT) offers a broad array of products in owned and known brand items at affordable prices. Its omni-channel fulfillment centers allow customers to receive their items via in-store pickup, curbside pickup, same-day shipping and regular shipping while simultaneously reducing operating costs. With a significantly lower valuation than peers and a unique operating strategy, Target Corporation (NYSE:TGT) is an attractive holding.”