We recently compiled a list of the Jim Cramer Talked About These 12 Stocks Recently. In this article, we are going to take a look at where Devon Energy Corporation (NYSE:DVN) stands against the other stocks.
On Friday, Jim Cramer, the host of Mad Money, discussed the recent struggles in the market and how the downturn in momentum stocks has significantly affected aggressive growth investors. He pointed out the complexities of the market on Friday, explaining how things took a drastic turn for the worse. According to Cramer, the market can be divided into two distinct categories: one driven by momentum and the other focused on traditional growth.
“Alright, we got two markets right now. One is all about momentum. The other is all about old-fashioned growth. Momentum is nasty right now. Classic growth, well, it is cruising.”
READ ALSO Jim Cramer’s Game Plan: 17 Stocks in Focus and Jim Cramer Discussed These 11 Stocks Recently
Despite the numbers, Cramer noted that these dynamics were not immediately obvious when you look at the broader averages, with the Dow dropping 749 points, the S&P falling 1.71%, and the Nasdaq plummeting by 2.2% on Friday. He said that investors heavily invested in momentum stocks are finding it increasingly difficult like they are struggling to breathe after the “oxygen” was taken away.
Cramer said that on the other hand, those with investments in established growth stocks and diversified portfolios are faring much better. He mentioned that these stocks have performed well for the first time in quite a while, offering a bit of relief for those holding them. Reflecting on the sharp downturn in the market, Cramer explained that the situation can be traced back to several concerning economic indicators. He added:
“This week, we got a series of readings, key numbers for home sales, consumer sentiment that show true softness, and a sense that maybe things are starting to go off the rails in the economy. Well, that’s incredible given the surprising head of steam we had going into 2025.”
Our Methodology
For this article, we compiled a list of 12 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on February 21. We listed the stocks in ascending order of their hedge fund sentiment 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 group of technicians in hazmat suits inspecting a natural gas storage tank.
Devon Energy Corporation (NYSE:DVN)
Number of Hedge Fund Holders: 55
Discussing Devon Energy Corporation (NYSE:DVN) during the episode, Cramer said:
“Devon has run too much, I gotta tell you. I watched it go up. We saw the quarter, it’s terrific. We got Coterra on Monday. That’s great. And if EQT comes down, I like that too better than Devon. Devon is not my stock of choice at this time.”
Devon (NYSE:DVN) is an independent energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids throughout the U.S. In December 2024, Cramer expressed uncertainty about the company as he said:
“I don’t know, Rick Muncrief just left it. He built the company. The stock is at its 52-week low, it’s at $33. People expect oil to go down 10 bucks. We heard it from President-elect Trump yesterday. I say to start buying some and I almost put it in the bullpen today for my Charitable Trust in preparation for next Wednesday’s meeting. I’m holding off for now because oil is so weak.”
Overall DVN ranks 7th on our list of the stocks Jim Cramer recently discussed. While we acknowledge the potential of DVN 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 DVN 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 Complete List of 59 AI Companies Under $2 Billion in Market Cap.
Disclosure: None. This article was originally published at Insider Monkey.