In this piece, we will look at the 23 stocks that Jim Cramer just talked about.

With the Federal Reserve’s December meeting over, Wall Street has now shifted into a new paradigm. While the central bank did cut interest rates by 25 basis points in a widely anticipated move, the bank also signaled that 2025 might be accompanied by fewer interest rate cuts than many might have anticipated. In fact, not only are markets convinced that the Fed will cut less in 2025, but some even believe that the interest rates might be hiked especially since the central bank’s median 2025 inflation outlook is 2.5% which is higher compared to the earlier 2.1%.

While the Fed’s announcements and the press conference sent the flagship S&P index by 3.2%, Jim Cramer explained how the stock market as a whole isn’t doing that well. On the episode of Squawk On The Street the day of the interest cut, he stated “Look at the material stocks, look at anything related to industrial export. Look at the housing stocks. David, there are cohorts that are indeed rolling over. It isn’t like everything is just super strong and everything is quantum computing and Rocket Lab!”

Cramer added that while some believe that sections of the economy such as retail are strong, there might be a need to look deeper. “Look there’s this growing consensus not represented necessarily in these Fed fund futures but that just says why are they doing this? And I come back and say why are they doing this,” said Cramer, adding “So I think that the talking heads, and boy are there ever a lot of talking heads, have decided that look that if you look at what we’re seeing in some retailers, things are strong. By the way in retail, it’s not strong either if you count colds.”

Going against the trend, he stressed the need to look into the data to find the right stocks. According to him, “I don’t know where these people get that things are strong, they look at the aggregate numbers, I look at the individual companies, I am trying to find companies that are strong.” Cramer was also perplexed by the Atlanta Fed’s Q4 3.2% GDP growth estimates. He shared that he’s “trying to find why. I’m trying to find where that is. You know David that travel’s very strong yeah. Leisure’s very strong. Dining out’s very strong. These are strong and by the way, they’re very obvious, they look obvious to the Atlanta Fed. I don’t know what kind of weighting they have but wow.”

The American economy wasn’t the only economy on Cramer’s mind. While he might be having a hard time believing the GDP estimates, there isn’t a doubt in his mind that the US is the best place to invest. Cramer shared that he’s “trying to find countries, maybe Argentina making a comeback, but it’s very difficult to find a country that I would invest in,” but it’s very difficult to “find a country that isn’t upset in turmoil or something.”

Speaking of other countries, Cramer believes that China “is behind so much of what’s going wrong. But they are never, other than [BY] Peter Navarro, called out.” On how the “media and other coverage says that China is in a depression,” Cramer has “to believe it because I don’t believe a single number they send. We used to be able to look at their electric power. . . . .how about when they used to do employment of youth.”

One economic sector that he’s worried about is the automobile industry. Cramer doesn’t “understand why the problems with autos are not so visible among the cognoscenti,” something he believes is very important since autos “is a huge industry. Employs a lot of people. And the layoffs and the ramifications of what could happen here and other mergers.” China is “getting away with murder, they really are, they’re getting away with wiping out industries all over the world,” Cramer said, adding that “there’s only one guy who actually stands up them, and even he was saying that he has a good relationship with Xi. And that is President-elect Trump.”

However, on an optimistic note, Cramer believes that the “Mag 7 seems almost immune even to China. Which they never really got into.”

Our Methodology

To make our list of the latest stocks on Jim Cramer’s mind, we made a list of the stocks he talked about during a fresh episode of CNBC’s Squawk In The Morning.

For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds invest in? 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 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).

23. Newell Brands Inc. (NASDAQ:NWL)

Number of Hedge Fund Holders In Q3 2024: 28

Newell Brands Inc. (NASDAQ:NWL) is a diversified retailer that sells a wide variety of products such as cleaning products, kitchen appliances, and outdoor products. Due to its industry, the firm is reliant on high volumes, consumer spending, and margins to drive its hypothesis. Newell Brands Inc. (NASDAQ:NWL)’s narrative is also driven by the firm’s turnaround strategy. The new strategy started taking root last year, and it seeks to consolidate brand management, create supply chain efficiencies, and streamline back-office operations. The importance of Newell Brands Inc. (NASDAQ:NWL)’s turnaround was clear in October when the stock jumped by 25% after CEO Chris Peterson shared that the “transformation is well underway.” Cramer also believes that Newell Brands Inc. (NASDAQ:NWL) stands out from the pack because of its product lineup. Product differentiation can become a source of brand loyalty for mega-retailers, and according to Cramer:

“And if we can put up the chart of NWL, now there is a comeback. And it’s working, and you don’t see there stuff at Ollie’s and that’s how you know to buy, to buy NWL.”

22. YETI Holdings, Inc. (NYSE:YETI)

Number of Hedge Fund Holders In Q3 2024: 31

YETI Holdings, Inc. (NYSE:YETI) is another retailer. The firm primarily sells outdoor products. The leisure-focused nature of YETI Holdings, Inc. (NYSE:YETI)’s products coupled with the fact that they can easily be replicated introduces company-specific factors in its hypothesis. These include rivals able to easily compete with it, including Chinese retailers that enjoy a vast cost advantage over their American peers. Therefore, YETI Holdings, Inc. (NYSE:YETI) is heavily reliant on margins and volumes to deliver bottom-line earnings. Cramer also commented on product diversification being key to the firm’s fortune as he stated:

“Yeti’s stock has been good because they keep developing new products. They’re one step ahead of Ollie’s.”