Jim Cramer Put These 15 Stocks Under the Spotlight

7. Pinterest, Inc. (NYSE:PINS)

Number of Hedge Fund Holders: 93

Pinterest, Inc. (NYSE:PINS) is one of the stocks Jim Cramer put under the spotlight. A caller asked if they are wrong to start a position in the stock, given that the year of magical investing is over and tech is out of favor. In response, Cramer said:

“No… you read my mind. I’ve been telling people that they have so much that’s great in Pinterest… by the way, that they could… I think these large language models should be just combing right through it. I think this is a tremendous level to start buying Pinterest.”

Pinterest, Inc. (NYSE:PINS) provides a platform where users can discover, save, and shop for ideas like recipes and home or style inspiration. The company also offers tools for businesses to advertise. Cramer discussed the company during the August 7 episode, after the company posted its earnings. He commented:

“What do we make these numbers from Pinterest, the social media platform/virtual pinboard site? Here’s a stock doing pretty well, but when the company reported after the close, stock got slammed in after-hours trading. Even though Pinterest delivered a solid set of numbers, healthy revenue forecast for the current quarter, their earnings per share came in a tad light. At the same time, their user growth and revenue results were softer than expected in the US and Canada. Most of the outperformance came from Europe. Look, I thought there was much more good than bad here…  The expectations were too high.”