Jim Cramer Looked At These 7 Stocks Recently

2. Wells Fargo & Company (NYSE:WFC)

Number of Hedge Fund Holders: 76

Wells Fargo & Company (NYSE:WFC) is one of the stocks Jim Cramer looked at recently. Cramer was bullish on the stock during the episode, as he remarked:

But the other mind says you can’t jump in front of a speeding freight train. Far better to just own the stocks of companies with big software spending that can presumably save fortunes. Public companies that can… Wells Fargo, they just hired a technologist from Amazon Web Services to help the bankers find the hidden savings. That’s a winner.

Wells Fargo & Company (NYSE:WFC) provides financial services, including banking, lending, investment, and wealth management solutions. Cramer mentioned the stock during the January 23 episode, when a club member asked about businesses that would “benefit from AI advancements beyond the producers of chips and energy and infrastructure.” He stated:

I’m thinking of businesses that implement the technology to enhance their efficiency. That’s going to be the banks. The banks don’t talk much about it. The one that I think has the best handle on it is Wells Fargo. It’s a big reason why we own it for our Charitable Trust. WFC is the stock for you.