We recently published a list of Jim Cramer Looked At These 23 Stocks Recently. In this article, we are going to take a look at where Exelon Corporation (NASDAQ:EXC) stands against other stocks that Jim Cramer looked at recently.
Jim Cramer, the host of Mad Money, offered an optimistic perspective on the market on Thursday as he challenged the prevailing pessimism among some on Wall Street. He highlighted the diverse range of sectors showing gains.
READ ALSO Jim Cramer Put These 16 Stocks Under a Microscope and Jim Cramer Commented on These 8 Stocks Recently
Cramer observed that when investors are focused on long-standing winners, like tech stocks, it can be easy to miss when their dominance starts to wane. Cramer expressed his hesitation to part ways with tech given its long-term success but he pointed out something surprising as he reviewed the top-performing sectors.
“But when I scroll through the winning sectors for the year, I am struck by how they represent a wide array of groupings that aren’t tethered to any particular economic worldview.”
Cramer noted that neither the outlook of a recession nor predictions of a major slowdown could explain the growth seen in sectors beyond tech and communication services. He discussed that this year’s leaders are not only unexpected but in some cases, they seem counterintuitive. He described them as “broad,” in the sense that they span a wide range of industries, each responding to different economic conditions. He highlighted that these sectors that are performing well now have been largely overlooked for years, as tech has long dominated the spotlight.
Cramer said that for a long time, market participants had hoped for a rally that would extend beyond the tech sector, and now it seems to be happening. However, he remarked, “except you can’t call it a rally anymore.” He went on to say that a day like Thursday, in his view, was a sign of a healthy market despite the constant narrative of trouble in the economy.
“But the bottom line: It’s tricky to see such a broad mixture of stocks winning here, from ones that can run in a recession to ones that can rally hard in a robust economy. What it tells me is that the market may be far healthier than we think, and this backdrop simply isn’t as bad as many would have you believe.”
Our Methodology
For this article, we compiled a list of 23 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on March 27. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds.
Why are we interested in the stocks that hedge funds pile into? 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A vast array of wind turbines on a hillside, showcasing the company’s takeover of renewable energy.
Exelon Corporation (NASDAQ:EXC)
Number of Hedge Fund Holders: 47
Making note of Exelon Corporation (NASDAQ:EXC), Cramer discussed:
“When interest rates go down, we normally look for utilities, but rates are going higher here. Now it could… mean that people want to profit from a slowdown, if not a recession, by buying companies with consistent earnings. So if they’re buying Consolidated Edison… a purveyor of electricity for the New York metro area as well as number two, Exelon, the name of the utility that encompasses Baltimore Gas and Electric…. Well, what can I say, it’s plain as it gets.”
Exelon (NASDAQ:EXC) is engaged in the distribution and transmission of electricity and natural gas and it carries out the regulated retail sale of these energy sources to customers. The company reported its full-year results for 2024 on February 12. It reported adjusted operating earnings of $2.50 per share, up from $2.38 per share in 2023. For 2025, the company provided guidance for adjusted operating earnings between $2.64 and $2.74 per share.
Overall, EXC ranks 17th on our list of stocks that Jim Cramer looked at recently. While we acknowledge the potential of EXC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than EXC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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