During the most recent Mad Money episode, which aired on Monday, the 19th of May, Cramer discussed Moody’s downgrade of U.S. debt, saying:
“Stories like the US debt downgrade story from Friday, they are classic… Stories that scare people out of very fine stocks that could otherwise make them rich. And sure enough, when Moody’s downgraded the debt of the United States on Friday, the last of the three big rating agencies to do so, the market opened hideously as the get out now crowd took action. They fled. Then the market rebounded.”
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Cramer then warned to not let the media affect investors’ decisions too much. He believes that many fear-driven stories will emerge and but he still encourages his viewers to stay the course:
“Let me give you the bottom line: The crucial thing that we in the media can do, and I say this as someone who talks to more individual veterans than almost anyone in the universe, and certainly more than anyone in the media, is simply cool it with the fear mongering and cut off guests who advocate it. A little history and some constructive thought would go a lot further if your goal is not to inflame, but to inform.”
Our Methodology
For this article, we compiled a list of 11 stocks that were discussed by Jim Cramer during the Mad Money episodes that aired between the 15th and 20th of May, 2024. We then calculated their performance for the past 12 months, until May 16th, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey’s Q4 2024 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them.
Please note that this article mentions Jim Cramer’s previous opinions and may not account for any changes to his opinions regarding the stocks that are mentioned. It is primarily an examination of how his previously provided opinions have panned out.
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).
11. monday.com Ltd. (NASDAQ:MNDY)
Number of Hedge Fund Holders: 66
Back in 2024, on May 15, a caller asked about monday.com Ltd. (NASDAQ:MNDY), curious about its potential and options activity. Cramer saw the company as a strong junior version of Salesforce.
“I know a lot of people feel that it’s going to get a takeover bid — I can’t acknowledge anything, I don’t know anything about a takeover bid. I do know this: my Monday is a very good Salesforce.com — mini Salesforce.com. You could call it maybe a junior Salesforce.com is the way to put it. And they’re very smart people. I would not bet against them.”
The stock outperformed as Cramer predicted, gaining 28.34% and showing solid execution in its category. monday.com Ltd. (NASDAQ:MNDY) is gaining traction as a fast-moving project management platform with strong enterprise appeal.
10. Dutch Bros Inc. (NYSE:BROS)
Number of Hedge Fund Holders: 41
Back in 2024, on May 17, a caller asked about Dutch Bros Inc. (NYSE:BROS), highlighting its impressive recent sales growth. Cramer strongly agreed and said he has liked it since 2014. Here’s what he said back then:
“I completely agree with you. Ever since my daughter introduced me to Bros back in 2014, I have been a confirmed user and a buyer of the stock — a recommender of the stock for you. It’s a little bit junior-to-junior for my trust, but I really like it.”
This was a great call by Cramer, as the stock surged by 95.13% since his recommendation. Dutch Bros Inc. (NYSE:BROS) has reawakened enthusiasm among growth investors as store expansion and loyalty surge across the U.S.
9. JPMorgan Chase & Co. (NYSE:JPM)
Number of Hedge Fund Holders: 123
Back in 2024, on May 16, Mad Money’s Jim Cramer highlighted JPMorgan Chase & Co. (NYSE:JPM) during a segment focused on the Dow’s climb from 30,000 to 40,000, crediting the bank’s steady leadership and consistent execution under Jamie Dimon as key reasons for its 64% gain over that period.
“Jamie Dimon — the CEO of JPMorgan — is a great banker. What else is there to say? He’s got a great banking team, rarely makes mistakes, he’s got a tremendous loan book. The stock’s still cheap, even as it’s run 64% since November 2020. I like the dividend too.”
JPMorgan delivered as promised, rising 32.15% since Cramer praised its leadership and stable fundamentals. JPMorgan Chase & Co. (NYSE:JPM) continues to shine as the leading U.S. bank by assets, bolstered by high net interest margins and fortress leadership.
Cramer remains bullish on the bank. Here’s what he said in May:
“Next up, analyst meetings are often very dry affairs that are informational but not actionable. That is not the case, though, when JPMorgan, the largest bank, speaks on Monday. Their analyst meeting moves, well, I’ll tell you, it moves stocks, especially when CEO Jamie Dimon gives his somewhat jaundiced view of the world because, well, he’s somewhat jaundiced. He may be a tad saturnine, too, while I’m at it.”
8. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)
Number of Hedge Fund Investors: 74
Back in 2024, on May 16, Mad Money’s Jim Cramer doubled down on his long-time bullish stance on CrowdStrike Holdings, Inc. (NASDAQ:CRWD), citing both strong fundamentals and a bullish technical setup identified by chartist Dan Fitzpatrick, who saw the cybersecurity leader entering a new leg higher.
“Of course it doesn’t hurt that it is a company with unbelievably strong execution, and I’ve got to tell you, the stunning numbers we have seen from it in the last quarter just tell me — look out to the upside. […] The bottom line? The charts, interpreted by Dan Fitzpatrick, suggest that CrowdStrike’s next leg higher is just getting started — and he’s betting the stock’s got a lot more room to run in this new market. I think he’s probably right. And as far as the fundamentals? Wow — this just delivers, delivers, and delivers.”
CrowdStrike continued to deliver for investors, with a 29.55% gain reinforcing Cramer’s long-held bullish view. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is riding the cybersecurity megatrend with consistent earnings beats and strong momentum in enterprise adoption.
Cramer maintains the opinion that Crowdstrike is a terrific stock. Here’s what he said following the company’s earnings in May:
“I think for the long term it’s terrific. We had to take some profits out of it too because it just got too big, but I think George Kurts is delivering an amazing product and I think he’s got a lot to say. He’s giving a speech tonight. I think Crowdstrike is terrific.”
7. Under Armour, Inc. (NYSE:UA)
Number of Hedge Fund Holders: 28
Back in 2024, on May 17, a caller asked about Under Armour, Inc. (NYSE:UA), which had struggled to compete in the athletic apparel market. Cramer praised the founder but was cautious on the stock due to intense competition back then:
“I am a huge supporter of Kevin Plank. I am not a huge supporter of the stock — and the reason is because there is nothing more competitive than that industry. I bet you if Kevin had chosen another industry, he’d be crushing it. But you’re up against Nike, you’re up against HOKA, you’re up against New Balance. These are just serious competitors, and you’ve got to be on your game every second.”
Under Armour struggled to compete as he anticipated, declining 4.37% and staying out of favor with investors. Under Armour, Inc. (NYSE:UA) is losing ground in the apparel wars as newer, faster-growing rivals steal market share in activewear.
Cramer admitted that it wasn’t the best call. Here’s what he said in February this year:
“Under Armour is one where you have to admit the guy, Kevin, made a cold shot he said it’s going to get better from here.”
6. CoStar Group, Inc. (NASDAQ:CSGP)
Number of Hedge Fund Holders: 56
Back in 2024, on May 15, a caller asked whether to hold on to Matterport after suffering major losses. The stock was acquired in 2025 by CoStar Group, Inc. (NASDAQ:CSGP). At the time however, Cramer was direct and advised moving on, saying:
“Yeah, it’s done. No — it got a bid. It’s done. Just — let’s leave it behind and start thinking going forward. We just think going forward, okay?”
Advising to move on was the right move — Matterport’s struggles continued, with CoStar down 12.64%.
CoStar Group, Inc. (NASDAQ:CSGP) has become a dominant force in digital real estate data, capitalizing on industry consolidation and analytics demand.
5. Sprouts Farmers Market, Inc. (NASDAQ:SFM)
Number of Hedge Fund Holders: 47
Back in 2024, on May 17, a caller asked about Sprouts Farmers Market, Inc. (NASDAQ:SFM), a specialty grocery chain. Cramer was clearly impressed and wanted to feature them on the show back then, saying:
“Oh man — winner winner, chicken dinner. I want them on the show. That thing is just a — that’s a juggernaut.”
Indeed a winner, the stock is up 117.99% since then. Sprouts Farmers Market, Inc. (NASDAQ:SFM) has become one of the biggest retail growth stories in America with tight execution and niche appeal.
Discussing a recent dip in the stock, here’s what Cramer said in February:
“The sixth biggest loser from Wednesday through Friday, one that we love, Sprouts Farmers Market. It fell 16.4% during that period. Most of the company, most of that coming after the company reported on Thursday night that bizarrely, Sprouts reported really strong numbers. This was a great quarter and all the analysts raised their estimates. Yet the stock rolled over anyway. Why? I saw someone complain that October was the best month of the quarter… The company’s full-year same-store sales forecast was much lower than its first-quarter same-store sales forecast, which suggests that growth will continue slowing throughout the year. But honestly, what really did it, I’ll tell you what did it, Sprout stock was up 220% in the 12 months before this quarter and I think this is another momentum stock that simply got too hot to handle at the last moment. And maybe it’s gonna stay that way.”
4. Alibaba Group Holding Limited (NYSE:BABA)
Number of Hedge Fund Holders: 107
Back in 2024, on May 20, a caller asked Jim Cramer whether Alibaba Group Holding Limited (NYSE:BABA) was finally investable despite years of geopolitical risk and low valuation. Cramer acknowledged the risk, but emphasized how cheap the stock had become.
“You know, I was talking to my buddy Dave Trear — he’s got a huge position — he was one of my thousand bosses that I had at Goldman. And we both admit — I mean, this is just one of the cheapest stocks. It’s the cheapest stock in the world. Cheapest major stock in the world. If you can stomach owning a stock that is from China — buy it. It’s what I have to say. And buy some more if it goes down.”
This was a great call by Cramer, rising by 39.44% since then. Alibaba Group Holding Limited (NYSE:BABA) is recovering as China cautiously reopens, though concerns about regulation and macro risk persist
Earlier this year, in April, Cramer said that he thinks that is the only Chinese stock worth looking at:
“The Chinese market is in bull market mode. The only one that I’ve supported the whole way is Alibaba. But I give you my blessing on this because right now it is the place to be and that is the right sector.”
3. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 126
Back in 2024, on May 20, a caller asked Cramer whether it was time to buy, sell, or hold Tesla, Inc. (NASDAQ:TSLA), given its steep decline at the time. Cramer didn’t want to bet against it but advised a scaled buying approach.
“Great question. It’s what I call a ‘down stock.’ There’s a preponderance of people who come in that want to sell it. I don’t want to bet against the stock down here at 174, but I would buy it in scale. That would mean buying — let’s say you want 100 shares — you buy 25 here, 25 at 150, 25 at 125, and then 25 at 100. That’s the only way I can recommend it, because it is falling right now.”
Great call by Cramer, as the stock has risen by 100.17% over the past year. Tesla, Inc. (NASDAQ:TSLA) is rallying strongly as investors rotate back into mega-cap growth and AI leadership stocks.
Cramer is now bullish on Tesla. Here’s what he said when a caller recently asked him if their child should start a position in the stock:
“Absolutely. Absolutely. And… Tesla, you know, broke down after that report, that bad quarter. Adam Jonas, my favorite analyst in this space, said, listen, it’s time to start thinking about this. This is a technology company. I went out hard with his, I don’t mind being derivative with his idea. Boy, we’ve caught a lot and we’re not done. It’s going to go higher.”
2. Abbott Laboratories (NYSE:ABT)
Number of Hedge Fund Holders: 66
Back in 2024, on May 20, a caller asked whether to hold or buy more shares of Abbott Laboratories (NYSE:ABT), amid a pending lawsuit over baby formula. Cramer remained positive on the outlook but advised waiting for a lower entry.
“The outlook is fabulous. There is a lawsuit in July involving formula — its competitor Reckitt Benckiser lost a case. I think that this is not going to be a big deal. But it doesn’t matter — people know what happened with J&J and they’re scared. We’re waiting till at least it gets to par or 100 to be able to buy more. But we believe in the company.”
Abbott Laboratories delivered steady growth with a 28.54% gain, justifying his patient buy-on-dip approach. Abbott Laboratories (NYSE:ABT) is rebounding as its diversified healthcare products and diagnostics tools see renewed investor interest.
Discussing the stock’s valuation, Cramer gave the following analysis in May this year:
“Okay, their forward PE shows that there’s going to be a, pretty much of an earnings explosion. And I think a lot of that’s going to be coming from Libre, which is their diabetes, they have the best diabetes device. It’s cheaper than everybody’s.
By the way, I think pound for pound, it’s better than Dexcom, and Dexcom stock was up very big today. Also, remember, Robert Ford runs Abbott, and he runs it incredibly well. And I also think they’re going to settle these lawsuits or win the lawsuits that have really kept the lid on the stock, and that’s going to happen in 2025.”
1. Reddit, Inc. (NYSE:RDDT)
Number of Hedge Fund Holders: 87
Back in 2024, on May 16, a caller asked Jim Cramer for his view on Reddit, Inc. (NYSE:RDDT), following its IPO at the time. Cramer compared it to Pinterest and expressed strong support for its relevance in the current ad ecosystem, saying:
“Reddit’s easy. I’ve been saying buy, buy, buy. I think it’s one of those companies — like Pinterest — that is now part of the bundle of what advertisers want. They are reaching the right people when you can get them. And people age up in that thing. I think it’s a terrific, terrific stock. I really like Reddit.”
Reddit turned out to be a winning early call, doubling with a 100.83% increase since Cramer urged buying. Reddit, Inc. (NYSE:RDDT) is finally earning Wall Street’s trust as an ad platform with sticky users and growing monetization potential.
Cramer maintains the opinion that Reddit is a buy. Here’s what he said on May 14, 2025:
“So many stocks have made incredible comebacks over the past few weeks, but there are still plenty of names that are way down from their highs earlier this year. Take Reddit… while the stock soared 11% today, it’s off more than a hundred bucks from its February peak of $230 and change. I think it might be a buying opportunity here as long as you steel yourself for a potentially wild ride. It is a wild trader. See, two weeks ago, Reddit reported the stunning quarter, but the stock didn’t get any credit for it at all… Despite initially surging 18% in after-hours trading, Reddit stock finished the next session down more than 4%…
While I think Reddit’s absolutely worth buying at these levels, even after today’s monster move, stocks like these are only worth owning if you can stomach some serious volatility like we’re having right now. Keep in mind, we’re always one presidential tweet or whatever you want to call it away from these kinds of names falling out of favor all over again. That’s why I say Reddit’s a buy, but only if you’ve got the intestinal fortitude to stick around for the long haul.”
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