Jim Cramer Loves These 10 Stocks

Published June 2, 2022 at 9:11 am EDT Updated September 7, 2026 at 2:13 pm EDT

In this article, we take a look at 10 stocks that received bullish comments from Jim Cramer recently.

Jim Cramer is the man behind CNBC Investing Club and the host of CNBC “Mad Money.” Cramer is one of the founders of TheStreet.com, where he contributed for over 25 years. Along with that, he has authored numerous best-selling books.

Cramer was born in Wyndmoor, Pennsylvania, in 1955 and attended Springfield Township High School in Montgomery Country, Pennsylvania. He started to study stocks in fourth grade and maintained this habit for the rest of his life. One of his starting jobs at the age of 16 was to sell Coca-Cola and ice cream during the Philadelphia Phillies games at the Veterans Stadium. At the age of 22, he obtained a Bachelor of Arts degree as a magna cum laude scholar from Harvard University. His area of specialization was the government. He was a National Merit Scholar and the president and editor-in-chief of the Harvard Crimson during his stay at Harvard.

After completing his studies, he started as an entry-level reporter with an annual salary of $15,000. He was one of the earliest reporters to cover the Ted Bundy murders in Tallahassee, Florida while working for Tallahassee Democrat. Cramer worked for other newspaper publications sporadically before getting his Juris Doctor degree from Harvard Law School in 1984. He covered his tuition fees by putting his trading skills to use.

Hedge Fund Performance

Cramer joined Goldman Sachs at the age of 29 in the sales and trading department but left his job in 1987 to start his hedge fund. He raised $450 million and kept a fee of 20% on the generated profit. Cramer claims that he sold all his holdings before Black Friday in 1987. During the period between 1988 and 2000, he claims that his hedge fund only generated one year of negative returns in 1998 as compared to the S&P 500 Index rise of 29% during the same period. In the following years, his hedge fund generated 47% and 28%. Cramer claims that his hedge fund posted an average return of 24% from 1987 to 2001, and he took home at least $10 million. In 2001, he stepped aside from managing the fund and became a part of CNBC.

Before making numerous appearances as a guest commentator on CNBC in the late 1990s, Cramer started his TV career as a co-host on Kudlow & Cramer with Larry Kudlow between 2002 and 2005. In 2005, he started the phenomenon called Mad Money with Jim Cramer with the intent of educating retail investors and helping them make better-investing decisions. To ensure transparency, Cramer is required to disclose any holdings on the stocks that he discusses in his show, and he cannot trade that particular stock for five days after discussing it on his show. Some of the popular stocks on Jim Cramer’s watchlist include The Procter & Gamble Company (NYSE:PG), The Coca-Cola Company (NYSE:KO), and Cloudflare, Inc. (NYSE:NET).

Our Methodology

In this article, we take a look at the 10 stocks that Cramer has given a Buy rating or bullish comments on in the past month. We have also discussed the growth catalysts and hedge fund sentiment for each stock. The hedge fund data is based on the 912 hedge funds tracked by Insider Monkey at the end of Q1 2022.

Jim Cramer Loves These 10 Stocks

10. Excelerate Energy, Inc. (NYSE:EE)

Excelerate Energy, Inc. (NYSE:EE) is a Texas-based liquefied natural gas (LNG) solutions provider that went public in April 2022. The significance of Excelerate Energy, Inc. has increased following the start of the conflict between Russia and Ukraine in late February.

Europe is looking for energy security and shifting its focus from Russian natural gas to the more flexible and premium LNG market. Excelerate Energy, Inc. has ten Floating Storage Regasification Units (FSRUs). Around fifty such units exist globally. On May 20, Finland signed a 10-year agreement with Excelerate Energy, Inc. to charter an FSRU that will provide LNG to the Baltic Sea region. A day later, Russia announced that it will stop gas supplies to Finland following a payment dispute. The stock was given a Buy rating by Mr. Cramer on April 22, and he further added that the stock is a cheaper option than Cheniere Energy, Inc. (NYSE:LNG) with a reasonable valuation.

9. Signet Jewelers Limited (NYSE:SIG)

Number of Hedge Fund Holders: 27

Total Value of Hedge Funds’ Holding: $909,938,000

Signet Jewelers Limited (NYSE:SIG) is a Hamilton, Bermuda-based operator of 2,800 jewelry stores globally.

The biggest diamond retailer in the world was given a Buy rating by Jim Cramer during the lightning round bell on May 20. The share price of Signet Jewelers Limited has taken a dip of more than 45% since its November 2021 high of $111, but the slide in stock is due to broad macroeconomic uncertainty. Despite the uncertain macroeconomic outlook, Signet Jewelers Limited is in a strong position to deliver on its guidance of growing its market share from 9.3% in FY22 to 10% in FY23. Signet Jewelers Limited also intends to maintain double-digit operating margins and healthy returns to shareholders.

Miller Value Partners mentioned Signet Jewelers Limited in its Q3 2020 Investor Letter. Here’s what the asset management firm said about the company:

“We also saw Signet Jewelers (SIG) start to deliver improved performance during the quarter and believe their initiatives on closing unprofitable stores, expanding new Omni-channel capabilities, and launching new product offerings should begin to drive an improvement in their operations over the coming quarters. Historically, Signet’s stock price has performed very well coming out of an economic downturn. With the company valuation multiples near 2009 lows, it wouldn’t take much to see Signet’s share price double during the ongoing economic recovery. While we are highlighting the consumer space, we also wanted to mention a new investment, Chicos FAS, Inc. (CHS). The investment opportunity reminds us a lot of Bed Bath and GameStop earlier this year: a new CEO who is executing well on a new transformation plan, closing unprofitable stores, significantly streamlining and realigning their operations, and enhancing new product for their Chicos, White House Black Market, and Soma brands. Chicos has an asset-rich balance sheet, nearly $1.4B in total assets. The company’s real estate assets (land and buildings) combined with the cash on the balance sheet are significantly higher than the company’s current equity market capitalization! Over the next couple of years, the company has the potential to return to a $2B+ revenue base, which would support $100M in free cash flow. We believe a successful turnaround over the next couple of years has the potential to drive the share price 5-10x higher than current levels.”

Of the 912 hedge funds being tracked by Insider Monkey, 27 funds held a stake in Signet Jewelers Limited at the end of Q1 2022.

8. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 99

Total Value of Hedge Funds’ Holding: $45,438,795,000

Bank of America Corporation (NYSE:BAC) is a North Carolina-based diversified financial services company that is involved in commercial and investment banking.

During the lightning round segment on “Mad Money,” Cramer expressed confidence in the stock and termed it cheap. The Bank of America Corporation is the second biggest holding of Warren Buffett’s Berkshire Hathaway Inc (NYSE:BRK-A) as of March 31. The stock can be a big beneficiary of the expected increase in interest rates by the Federal Reserve to combat inflation. During Q1 2022, Bank of America Corporation reported an increase in net interest income by 13% YoY. The Wealth Management business of Bank of America Corporation is also in a stellar position with over $4 trillion in assets; it also observed an inflow of $160 billion from clients during Q1 2022.

Bank of America Corporation was mentioned by Aristotle Capital Management in their investor letter for Q1 2022. Here’s what the asset management firm said about the company:

“We first invested in Bank of America during the second quarter of 2013. During our near decade as investors, Bank of America closed the chapter on the legacy issues from acquired Countrywide, including mortgage write-downs and substantial legal charges. In addition, it successfully turned the Merrill Lynch franchise into one of the leading U.S. brokerage and advisory firms. Thanks to what we consider to be a strong management team led by CEO Brian Moynihan, the bank went through years of simplification, improved its cost structure and efficiency ratio, and reduced risk. While we believe Bank of America remains a much-improved market leader, we decided to exit our position and use the proceeds to invest in Brookfield Asset Management.”

As of Q1 2022, 99 hedge funds held a stake in the Bank of America Corporation.

7. The TJX Companies, Inc. (NYSE:TJX)

Number of Hedge Fund Holders: 55

Total Value of Hedge Funds’ Holding: $1,940,549,000

The TJX Companies, Inc. (NYSE:TJX) is a Massachusetts-based apparel and home fashions discount retailer. The stock was given a Buy rating by Cramer on May 21.

Cramer thinks that the operator of TJ Maxx and Marshalls operates on the weakness of other retailers. He added that The TJX Companies, Inc. was unable to get excess inventory from other retailers in the past quarters because there was no additional inventory available. However, the issue of excess inventory is creeping up for big-box retailers, and this is where TJX excels in getting a suitable product. The TJX Companies, Inc. was one of the few retailers that were able to surpass earnings estimates for Q1 2022, despite coming up light on the top line.

Here’s what ClearBridge Investments had to say about The TJX Companies, Inc. in its Q4 2021 investor letter:

“The pandemic created opportunities for us to be more aggressive in a variety of areas of the market. We were opportunistic throughout the year, for example, in positioning the portfolio to benefit from a flush consumer eager to return to spending and traveling. New positions included TJX, an off-brand retailer with a large presence in the U.S. and Europe that should continue to benefit from the contraction of many traditional retailers, particularly as consumer spending resumes.”

Out of the 912 hedge funds tracked by Insider Monkey at the end of Q1 2022, 55 funds held a stake in The TJX Companies, Inc..

6. Foot Locker, Inc. (NYSE:FL)

Number of Hedge Fund Holders: 21

Total Value of Hedge Funds’ Holding: $177,096,000

Foot Locker, Inc. (NYSE:FL) is a New York-based footwear and sportswear brand that was termed “alright for a trade” by Jim Cramer. He highlighted the stock as one of the three smaller players that he favors in the retail sector. Foot Locker, Inc. provides an attractive annual dividend yield of around 5% and a strong share buyback program. The company declared a quarterly dividend of 40 cents, which reflects that the dividend has recovered to the pre-pandemic level.

In 2021, the company bought back $348 million worth of shares, and this year Foot Locker, Inc. has an authorized share repurchase program of $1.2 billion in place. For a company that has a market capitalization of just over $3.2 billion, this is a significant number.

Miller Value Partners mentioned Foot Locker, Inc. in their first-quarter investor letter for 2022. Here’s what was said by the asset management company:

“Finally, Foot Locker came under significant pressure during the quarter, with the stock down more than 50% from its highs and valuation not far from early 2020 lows. Nike continues to place a greater focus on their Direct-to-Consumer business, which will decrease their contribution to Foot Locker’s total sales, retreating to historical averages of 50% by 2023. While a near-term headwind to sales, management plans to offset the lost business by expanding distribution to other leading brands, rolling out larger neighborhood free-standing stores, and expanding two new growth banners (WSS & Atmos). WSS stores will provide an off-mall presence and focus on the rapidly growing and underserved Hispanic market. Atmos will provide Foot Locker with the ability to expand into Japan and Asia sneaker market with their digitally led business model. These new growth concepts have a combined potential to add more than $1B in sales by 2024. The company’s balance sheet remains very strong with $800M in cash and management is increasing returns to shareholders through raising the dividend by 40% and announcing a $1.2B share buyback (more than 40% of the float at current share prices). With the next 12 to 18 months as a transition period for the company, the share price weakness provides attractive reward/risk investment potential, near 3x Enterprise Value/Earnings Before Income, Taxes, Depreciation, and Amortization (EV/EBITDA) and close to a 30% normalized free cash flow yield.”

Overall, 21 hedge funds held a stake in Foot Locker as of Q1 2022.

Apart from Foot Locker, Inc., The Procter & Gamble Company, The Coca-Cola Company, and Cloudflare, Inc. are some of the other stocks approved by Jim Cramer.

5. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 72

Total Value of Hedge Funds’ Holding: $6,064,726,000

The Procter & Gamble Company is an Ohio-based fast-moving consumer goods company.

Jim Cramer has termed the stock a great pick for recession as the sales for The Procter & Gamble Company are expected to not fall during an economic downturn. Cramer highlighted the company’s position in the Dividend Aristocrat List for increasing its dividend for the past 65 consecutive years. The analysts are also bullish on the stock as Lauren Lieberman at Barclays increased the price target on The Procter & Gamble Company from $167 to $176 in a note issued to investors on April 22. The analyst maintained an Overweight rating on the stock and highlighted that The Procter & Gamble Company is in a position to set an extremely high bar for the industry.

Of the 912 hedge funds being tracked by Insider Monkey, 72 funds held a stake in The Procter & Gamble Company at the end of Q1 2022.

4. The Coca-Cola Company (NYSE:KO)

Number of Hedge Fund Holders: 64

Total Value of Hedge Funds’ Holding: $29,170,833,000

The Coca-Cola Company is an Atlanta, Georgia-based non-alcoholic beverages company that received a Buy rating by Jim Cramer on April 25 following its Q1 2022 results. Cramer appreciated the management team for an outstanding quarter and termed The Coca-Cola Company stock as an endurable and investable stock.

A similar sentiment was reiterated by the equities research team at Bank of America, which included The Coca-Cola Company stock in the “US 1” list. The list comprises the best investment ideas among the stocks that have been given a Buy rating. The Coca-Cola Company reported stronger-than-expected revenue and earnings results for the quarter as the company revealed an 8% rise in volume due to positive demand for drinks like Powerade and Coke Zero Sugar.

ClearBridge Investments mentioned The Coca-Cola Company in their second-quarter investor letter for 2021. Here’s what was said by the asset management company:

“Over the last year, we have repositioned our portfolio to navigate the course we see ahead. We added to more defensive areas of the portfolio like consumer staples (Coca-Cola). While the next month or two will likely prove choppy on account of the Omicron variant, we believe that Omicron, like Delta, represents a speed bump on the way to recovery rather than a true change in course. We see strong economic momentum continuing in 2022 and we expect interest rates to rise. After a decade of remarkably low rates, we would not be surprised if this change in direction is accompanied by some fits and starts in the markets. With our emphasis on pricing power, purposeful sector exposure, valuation discipline, and a strong dividend profile, we believe we are well-positioned for the year ahead.”

Overall, 64 funds held a stake in The Coca-Cola Company at the end of Q1 2022.

3. Constellation Brands, Inc. (NYSE:STZ)

Number of Hedge Fund Holders: 41

Total Value of Hedge Funds’ Holding: $982,324,000

Constellation Brands, Inc. (NYSE:STZ) is a New York-based beer, wine, and spirits company. On May 5, Cramer initiated a position in the stock. During an interview on Mad Money, CEO Bill Newlands highlighted that the Modelo brand fulfills the demand of the consumers and has robust growth prospects.

Furthermore, Constellation Brands, Inc. intends to fulfill its share repurchase program to boost shareholder return. Newlands also highlighted that the pressures due to cost have been unreal, but he anticipates inflation to ease down going forward. Brands like Corona and Modelo cater to the growing Hispanic community. Cramer stated that beer consumption rises during periods of recession, making Constellation Brands, Inc. a great pick.

As of Q1 2022, 41 hedge funds held a stake in Constellation Brands, Inc..

2. AutoZone, Inc. (NYSE:AZO)

Number of Hedge Fund Holders: 38

Total Value of Hedge Funds’ Holding: $1,525,776,000

AutoZone, Inc. (NYSE:AZO) is a Memphis, Tennessee-based retailer of parts and accessories for automobiles with 6,400 Stores across the US.

Cramer has termed AutoZone, Inc. as a great stock pick because of its numbers and the strong share repurchase program. The company provides a strong hedge against inflation due to its high gross margin. Furthermore, AutoZone, Inc. is expected to be only “marginally” impacted by the chip shortage in comparison to other automobile stocks. Instead, it could be a beneficiary if people forego the purchase of new cars and invest more in their current vehicles in terms of repairs and new spare parts.

Altron Capital Management, an investment management firm, mentioned AutoZone, Inc. in its Q4 2021 investor letter. Here’s what it said:

“AutoZone has been a winner since we built a position in the company last quarter. Given the current supply challenges in the automotive sector, we believe the long-standing trend of America’s aging automotive fleet will continue for the foreseeable future with AutoZone as a primary beneficiary.”

As of Q1 2022, 38 funds held a stake in AutoZone, Inc..

1. Cloudflare, Inc. (NYSE:NET)

Number of Hedge Fund Holders: 44

Total Value of Hedge Funds’ Holding: $1,241,827,000

Cloudflare, Inc. is a San Francisco, California-based content delivery network and DDoS mitigation company.

According to Cramer, Cloudflare, Inc. is a “fine” company. Cloudflare has observed a 50% YoY growth in revenue for the last seven consecutive quarters. In a report issued on May 16, Alex Henderson at Needham gave Cloudflare, Inc. stock a Buy rating with a price target of $100. Despite the recent sell-off in growth stocks, the analyst terms Cloudflare as a long-term holding in all aspects. Henderson recommended buying the stock on recent weakness.

Baron Funds mentioned Cloudflare, Inc. in its Q1 2022 investor letter. Here’s what the firm said:

“Cloudflare, Inc., another new purchase during the quarter, is a web infrastructure and website security provider. Cloudflare disrupts legacy networking vendors by enabling customers to rent their network solutions in the cloud (and pay for usage) instead of buying firewalls, load balancers and secure web gateway devices. Using a global network in over 100 countries, Cloudflare delivers content and security within 50 milliseconds of 95% of the internet-connected population in the world. Shares contributed 12bps to results on impressive fourth quarter earnings as it continues to successfully layer high-value services such as zero trust, network services, and edge programmability on top of its modern global network. The company is attracting a broader set of investors as Cloudflare now matches durable 50%-plus top-line growth (this was the fifth straight quarter of 50%-plus revenue growth, and 56% current bookings growth suggests strong durability into 2022) with positive operating margins and break-even free cash flow. We believe that Cloudflare will benefit from a long-duration of growth disrupting a $100 billion addressable market across application services, network services, and zero-trust services.”

Overall, 44 hedge funds held a stake in Cloudflare, Inc. in Q1 2022.

You can also take a peek at the 10 LNG Shipping Stocks to Buy Now and 10 Stocks to Buy According to Canyon Capital Advisors.

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