On Tuesday, Mad Money host Jim Cramer addressed the stock market’s decline, pointing to recent developments from the White House and the upcoming labor report as sources of investor anxiety. He acknowledged that news from the White House has rattled the markets, which caused a drop in stocks, and provided guidance on how investors should approach such turbulence.
“First: let’s not jump to conclusions based on a single session… Second-best course of action: you just need to sit on your hands and watch. Don’t bite on what’s rallied. You won’t be rewarded as there’s no recession coming.”
READ ALSO: 11 Stocks Jim Cramer Was Focused On and Jim Cramer Shared Insights on These 18 Stocks.
Despite the negative market sentiment, Cramer maintained that holding on to large-cap tech stocks remains a smart strategy and encouraged investors to stay committed to growth names in the tech space. He also pointed to what he called “the cavalry” arriving in the form of lower interest rates and a significant stimulus package. He explained that the legislation is filled with provisions benefiting industry, which in turn creates a positive backdrop for the market.
“Here’s the bottom line: I made a big study of days like today for my book, which comes out at the end of the month, How to Make Money in Any Market. Days like today are the reason why an Apple or a Microsoft, or yes, NVIDIA, haven’t made more people millionaires. Days like today are… dispiriting, they’re painful, and they usually aren’t alone. You have to trust the companies you believe in. Trust the market. That’s the only way to make big money in stocks long term. And it happens every time there’s been a sell-off like today, since 1982, when I first walked down Wall Street on my way to Goldman Sachs.”
Our Methodology
For this article, we compiled a list of 7 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on September 2. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the second quarter of 2025, which was taken from Insider Monkey’s database of over 900 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).
Jim Cramer Put These 7 Stocks Under a Microscope
7. PepsiCo, Inc. (NASDAQ:PEP)
Number of Hedge Fund Holders: 68
PepsiCo, Inc. (NASDAQ:PEP) is one of the stocks that Jim Cramer put under a microscope. Discussing Elliott Management’s stake in the stock during the episode, Cramer said:
“If you study Elliott, as I have, you recognize that these guys aren’t gunslingers and they aren’t pirates. They’re thoughtful, intelligent people who do a tremendous amount of work, and they want the stock they invest in to go higher, something that the company CEO should want too. When CEOs discover that smart activists… have taken a stake and want change, I tell them to welcome thoughtful activists, sit down with them, work with them…
PepsiCo has tremendous brands that could be worth a lot more than the company stock is selling… PepsiCo had always supported a premium price-to-earnings multiple to Coca-Cola in part because FritoLay is a remarkable food brand and PepsiCo is a great growth beverage company. But that’s no longer the case, and that’s a real negative turnaround. PepsiCo has assets all over the place, and turning a company into, it’s like an array of cats and dogs that cannot stand…
Frankly, I’m not sure what I would do. I don’t really have a solution for [the] GLP-1 problem… There has to be a core to the business, and I don’t feel there’s a core there anymore. Otherwise, we’d still own PEP for the Charitable Trust like we used to.
I don’t know what will happen here, but I would say that the stock isn’t up enough after today, given the agitation I expect from the smartest activists in the business. I would say, though, that if I were running the company, I’d definitely want to brainstorm with Elliott. PepsiCo can and again will be, if they listen, the premium food and beverage company, but not if it keeps being run the way it’s managed now.”
PepsiCo, Inc. (NASDAQ:PEP) produces and markets a wide range of beverages and convenient foods, including snacks, cereals, dairy, and ready-to-drink products. Its portfolio includes brands like Lay’s, Doritos, Gatorade, Quaker, Mountain Dew, and Pepsi.
6. Signet Jewelers Limited (NYSE:SIG)
Number of Hedge Fund Holders: 36
Signet Jewelers Limited (NYSE:SIG) is one of the stocks that Jim Cramer put under a microscope. Cramer mentioned that he has been “keeping track” of the stock for a long time, as he commented:
“Alright, what managed to rally in spite of today’s overall ugly tape? How about Signet Jewelers, the parent of Kay Jewelers, Zales, and Jared? This morning, Signet reported a healthy revenue beat and an enormous earnings beat, management raising their full-year forecast. We like this. Now, you know, I’ve been keeping track of this one for a long time, often speaking with former CEO Gina Drosos… She stepped down in November.”
Signet Jewelers Limited (NYSE:SIG) is a diamond jewelry retailer that provides a wide range of jewelry through brands like Kay, Zales, Jared, Blue Nile, and James Allen, alongside its diamond sourcing and polishing services. Around a year ago, Cramer mentioned the company in an episode of Mad Money and said:
“Now, it’s a very quiet time for corporate earnings, but not on Thursday. At the open, we hear from Signet Jewelers. Signet is a total hot-button story because we’ve seen a terrific string of quarters—until the last one, which was definitely poorly received. I think CEO Gina Drosos has really turned the company around. She’s been on the show many times, and while there are some hiccups, I believe the stock is relatively inexpensive. That said, Signet is such a wild trader that I’d put it in the category of “not for the squeamish.”
Since the above comment, the stock is down over 26%.
5. Hasbro, Inc. (NASDAQ:HAS)
Number of Hedge Fund Holders: 44
Hasbro, Inc. (NASDAQ:HAS) is one of the stocks that Jim Cramer put under a microscope. Cramer discussed the company in detail during the episode. He remarked:
“So long story short, Hasbro’s doing well this year because their gaming business is on fire, driven by the excellent performance from the Magic: The Gathering franchise… while the toy business isn’t doing as poorly as expected. As for the entertainment side of things, that’s too small to make much of a difference. It’s nice and profitable, though. But I want you to have one final thought here.
If you look at Hasbro’s performance by segment in full-year 2024 versus, say, the first six months of 2025, here’s what you’d see: the gaming business has grown rapidly while the toy business has shrank. And you know what? From my perspective, that makes Hasbro a much more attractive investment because their games are high margin, and the toys, well, what can I say? They’re very low margin, and that’s a real tough business.
… As this becomes more of a gaming play and less of a toy play, of course, the stock deserves to go higher. I keep thinking what would happen if they got rid of that toy business. Looking out in the future, I’m betting Hasbro can keep winning with a head of steam for Magic: The Gathering, powering the entire enterprise’s growth. Plus, the toy division, it could easily put up better performance in the second half. And of course, while licensing their brands to film and TV hasn’t been making them that much money, it represents a huge potential long-term growth opportunity…
Best of all, even after this huge run, Hasbro’s really not expensive, selling for roughly 16 times this year’s estimates and a little over 15 times next year’s numbers. Huh, that’s strange. Oh, it doesn’t hurt that Hasbro supports a 3.5% dividend yield. At these levels, if you’re worried about already missing the move here, uh-uh, yield says otherwise.
Bottom line: Hasbro’s stock has soared this year because Wall Street still doesn’t fully appreciate how much this company’s changed. We think of it as a toy maker, right? But its main business is now tabletop and digital games fueled by the strength of Magic: The Gathering. This is a much better business than selling toys, and it’s one that doesn’t have much exposure to the president’s tariffs either, assuming the Supreme Court doesn’t strike them down. Basically, this is a gaming stock that still trades like a toy maker, which is why I think it’s got much more room to run. Jeez, I like this story.”
Hasbro, Inc. (NASDAQ:HAS) designs and markets toys, games, collectibles, and licensed consumer products. Moreover, the company creates digital gaming experiences and entertainment content.
4. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 156
Apple Inc. (NASDAQ:AAPL) is one of the stocks that Jim Cramer put under a microscope. Referring to the court’s recent ruling about Alphabet’s Google, Cramer said:
“… It’s also a big win for Apple, which got paid billions, perhaps more than 20 billion a year, to preload Google on their devices. Most wags thought for sure Apple would lose this source of revenue, and numbers would have to be cut immediately. It could get even better. We keep hearing, including from me, that Apple has to buy AI, perhaps a Perplexity, to be more… turnkey with Siri, but with this ruling, the tables can be turned.
Apple can make a deal with one of the AI bots for that bot to be the exclusive on Apple’s 2 billion devices. But get this, now that bot company, they’ll have to pay Apple because it’s legal. What a turnabout. Hey, maybe another 20 billion headed Apple’s way, maybe more. Those who sold Apple earlier because of a minor story of a departure of another AI researcher ultimately missed the big picture. This is how you don’t become a millionaire, reacting to those kinds of stories. Don’t be silly. There’s a takeaway for you.”
Apple Inc. (NASDAQ:AAPL) designs and sells smartphones, computers, tablets, wearables, and accessories, in addition to a suite of digital platforms and subscription services.
3. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders: 219
Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks that Jim Cramer put under a microscope. During the episode, Cramer discussed the recent antitrust ruling in favor of the company, as he commented:
“Sometimes, the rewards for my strategy happen extraordinarily fast. Look at what happened after the close. Alphabet got a shockingly favorable antitrust ruling from a judge who I thought hated them. They won’t have to divest Chrome. They won’t be broken up in some punitive way for shareholders, and they can still make payments to preload Google even if they can’t have exclusive contracts. Now this is a huge win for Alphabet…”
Alphabet Inc. (NASDAQ:GOOGL) provides technology products and platforms, including Search, YouTube, Google Play, Android, and Google Cloud. Moreover, the company offers AI, cloud services, and other innovative solutions across digital, enterprise, and emerging technology markets. Cramer mentioned the company in first week of August. He stated:
“Third, Alphabet. Google Search and YouTube are doing amazingly well. You know what, I thought that Gemini, their AI platform, would cannibalize regular Google. Wrong. It hasn’t. Instead, they’re complementary. Business is very, very strong. And Alphabet had a remarkable quarter for all divisions, including Waymo… which is building a nice lead over the rest of the autonomous vehicles in the space. They, Microsoft, Meta are buying a gigantic number of NVIDIA chips and that’s who wins.”
2. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders: 156
Broadcom Inc. (NASDAQ:AVGO) is one of the stocks that Jim Cramer put under a microscope. Discussing the strength of tech stocks, Cramer mentioned the company during the episode and said:
“When you hear that the big tech stocks have ridiculous valuations, how many times have you read that, you need to be thinking, how did they get that way to begin with? The answer is because they’re the best, and they can weather anything: tariffs, global craziness, antitrust, Chinese genius, you name it. My strategy has been… to wait another day and start buying them. There’s always a catalyst that turns things around with these growth stocks. Maybe it’s Broadcom… And by the way, Broadcom is a $1.4 trillion company, and it rallied from down 10 points in the AM to close up 85 cents.”
Broadcom Inc. (NASDAQ:AVGO) develops semiconductor devices and infrastructure software solutions, supporting applications across networking, data centers, telecommunications, smartphones, and industrial systems. The company’s technologies power connectivity, AI, and advanced computing solutions worldwide.
1. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 235
NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks that Jim Cramer put under a microscope. Cramer pointed toward market swings driven by major AI players like the company, as he remarked:
“The worst stocks today, as befits the horrendous wave of profit taking, are the best ones of the year. That’s what I told you about when you get to this point in the year, you start ringing the register, which means the artificial intelligence components we all know about, namely NVIDIA and its compadre, remember the long knives… Long knives are what is out for NVIDIA. These stocks are so huge, they can swing the entire market. In this tape, one company can be so big with so many tentacles that it can cast a pall on everything else.”
NVIDIA Corporation (NASDAQ:NVDA) develops advanced computing, graphics, and AI solutions, providing platforms for gaming, data centers, automotive technologies, robotics, and enterprise AI.
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