On Tuesday, Mad Money host Jim Cramer noted a change in market behavior, as he pointed out that tech and AI stocks, which have been driving recent gains, retreated, while stocks tied to the broader economy moved higher.
“Look, some days just start out plain old ugly. And when I say start, I’m talking about the overnight market… And it made me think that, well, maybe they take the whole market down with them. Sure enough, they actually did, and we got a hideous opening with tech stocks… They took the biggest hit.”
READ ALSO: 6 Stocks on Jim Cramer’s Radar and Jim Cramer Commented on These 10 Stocks.
Cramer explained that the mood changed dramatically after Federal Reserve Chair Jay Powell spoke. Powell suggested that the economy might need additional support from the Fed, and that remark reversed the market’s direction. Cramer pointed out that, unlike recent rallies led by high-growth tech names, this one was driven by bank stocks, which he considers important indicators of the “health of the real economy.”
“The bottom line is that this market’s gotten way too hot altogether. We could use a dose of the real economy. Today felt great before the president turned up the heat on China again. Hopefully, he’ll take a more conciliatory tone, and we’ll bounce right back. When he does, I think we will return to a real economy rally because the adult in the room, Jay Powell, has our backs once again.”
Our Methodology
For this article, we compiled a list of 8 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on October 14. 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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
Jim Cramer Recently Discussed These 8 Stocks
8. United Parcel Service, Inc. (NYSE:UPS)
Number of Hedge Fund Holders: 53
United Parcel Service, Inc. (NYSE:UPS) is one of the stocks Jim Cramer recently discussed. During the lightning round, a caller asked if they should buy, sell, or hold the stock, and he commented:
“No, I still don’t like UPS. I tell you what I heard today, FedEx, when I was at Salesforce, made me feel even better about that company.”
United Parcel Service, Inc. (NYSE:UPS) delivers packages and freight through express, ground, and international shipping services. The company also provides logistics, customs brokerage, distribution, and specialized healthcare supply chain solutions. During the September 30 episode, Cramer showed worry about the stock’s high dividend. He said:
“Pivot over to the transports, and you see UPS with the 7.76% yield. Management’s repeatedly told us their dividend’s a top priority. Iconic, trusted brand, really one of two in a nice duopoly, but I just can’t go there because that 7.76% yield is what I regard as a total red flag. I’m concerned that a real slowdown would force them to cut the dividend.”
7. Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders: 121
Salesforce, Inc. (NYSE:CRM) is one of the stocks Jim Cramer recently discussed. Cramer, discussing the company during the episode, stated:
“Every year, I come out to San Francisco for Dreamforce, which is Salesforce’s main customer event, in order to take the pulse of all things tech. This year, it’s extra important because the enterprise sector cohort has been eviscerated by the rise of artificial intelligence. Salesforce itself has seen its stock double 34% from its all-time highs late last year, even though it’s made major strides with AI in the field of Agentics. It kind of dominates it. So far, Wall Street hasn’t seemed to care, but I’m not ready to throw in the towel. It remains a big position for my Charitable Trust.”
Salesforce, Inc. (NYSE:CRM) provides cloud-based CRM and AI-driven solutions that help businesses manage customer relationships, data, and operations. The company’s products include Slack, Tableau, and Data Cloud, among others.
6. Dover Corporation (NYSE:DOV)
Number of Hedge Fund Holders: 47
Dover Corporation (NYSE:DOV) is one of the stocks Jim Cramer recently discussed. During the episode, a caller asked if they should add to or reduce their position in the stock. Cramer replied:
“Okay, so Jeff Marks and I talk… about this stock a lot. It’s been very disappointing. I don’t think it should be disappointing. The company’s very well run. It’s got a lot of firepower to be able to do a buyback. I think you should buy more. We were tempted to buy more. We actually just did some last week for the Charitable Trust. Jeff Marks and I are reluctant to buy even more right here. But I do think it’s in very good shape.”
Dover Corporation (NYSE:DOV) designs and manufactures specialized equipment, components, and software solutions. In addition, it provides fluid handling, refrigeration, marking, and automation technologies. Cramer suggested buying the company’s stock during the June 3 episode, as he said:
“I look wrong right now on Dover for the club… but I think I’m going to be right. Why? Because I think that Tobin is very smart, the CEO and the stock should never have been thrown back, 19 times earnings. It even went down when steel tariffs went on. I say enough is enough. Buy Dover right now, tomorrow morning.”
5. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 235
NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed. Cramer reiterated his love for NVIDIA and commented:
“Now, of course, we don’t want the data center to be down, but we’re seeing some signs of something that represents a change of pace. Look, we love NVIDIA around here, you know that, because it owns the market for accelerated computing and generative AI, or maybe I should say owned because today Lisa Su’s AMD won a big order from Oracle to supply chips for data center build-out, which happens to be the biggest in the room, well, let’s call it the world. Today, the market disagreed. NVIDIA got hit while AMD barely rallied.”
NVIDIA Corporation (NASDAQ:NVDA) develops advanced computing technologies, including GPUs, AI platforms, and data center solutions for gaming, visualization, and enterprise applications. Cramer mentioned the company during the October 8 episode. He remarked:
“I’ve been saying you either believe in the fourth industrial revolution as described by NVIDIA’s CEO, Jensen Huang, or you don’t. The bears don’t believe it. Could they be right? Of course. But I’ve been telling people to just buy NVIDIA since I named my dog after the company when the stock was just under $4, and now it’s at 189 bucks. So far, it’s paid much more to be a believer. That goes double on a day like today… As Jensen Huang, the CEO of NVIDIA, put it, ‘We’re a couple hundred billion dollars into a multi-trillion dollar infrastructure build-out.’ In other words, he thinks we’re not even 10% through this transformation. I think he knows more than the bears.”
4. The Home Depot, Inc. (NYSE:HD)
Number of Hedge Fund Holders: 93
The Home Depot, Inc. (NYSE:HD) is one of the stocks Jim Cramer recently discussed. Cramer highlighted the stock’s performance during the episode, as he said:
“Perhaps the worst acting stock in the Charitable Trust of late is Home Depot. It’s been straight down like it’s wearing cement galoshes, about to get swimming in the Mississippi. Not today. The despot and its doppelganger, Lowe’s, came roaring back today. That’s the real economy once again, not the data center.”
The Home Depot, Inc. (NYSE:HD) provides building materials, home improvement, and décor products, along with installation and equipment rental services. Cramer discussed the company during the September 17 episode and commented:
“I don’t see any real reason to get excited about the interest rate-sensitive cyclicals, including the housing stocks. Those are the stocks you’d buy if we heard that the Fed had a very serious debate about whether to have a double rate cut. We didn’t get that. Now, for instance, we own Home Depot for the Charitable Trust. It’s been a big winner and I’m not surprised that it got dinged today, down 1%.
You need to hear something about bigger cuts to get that stock higher, and it didn’t happen. It’s going to be slower. It’s still going to go higher, though. I don’t feel great about the cyclicals in general, even though Caterpillar hit an all-time high today, unless they have something to do with the data center or with aerospace.”
3. Builders FirstSource, Inc. (NYSE:BLDR)
Number of Hedge Fund Holders: 74
Builders FirstSource, Inc. (NYSE:BLDR) is one of the stocks Jim Cramer recently discussed. Cramer mentioned the stock in light of housing market conditions. He commented:
“Right underneath it was another driver of today’s rally, Builders FirstSource. You can rally when you have a housing market. That thing can’t go up if you don’t have a good housing market. Maybe we’re going to have one. And you know what? They have projects in hand. If Builders FirstSource is doing well, maybe mortgage rates really are going to fall.”
Builders FirstSource, Inc. (NYSE:BLDR) manufactures and distributes building materials, prefabricated components, and construction services for residential and commercial builders. Additionally, the company provides design software, professional installation, and custom millwork. Cramer mentioned the stock during the May 20 episode and remarked:
“Hey, by the way, while we’re talking about building materials, can we not forget about Builders FirstSource, which is a major consolidator in what used to be a highly fragmented industry? This stock’s been a huge long-term performer, but it’s peaked early last year, and the stock has been tumbling ever since because it’s tied not too directly to a not-so-hot housing market, and that’s because of interest rates. Unlike the rest of the market, Builders FirstSource didn’t recover much in April. Then, when the company reported on May 1st, the stock went lower still because management lowered their full-year forecast.
They’re just not feeling good about single-family housing market. I don’t blame them. It’s not, it’s stagnant. With things looking so bleak for Builders FirstSource, it caught my attention last week, though, when the company disclosed that its Chairman, Paul Levy, had bought a staggering 500,000 shares in the open market for an aggregate purchase price of $55.5 million. That’s about $111 per share. I gotta tell you, I love to see insider buying, especially when the stock’s been doing badly and the insider’s committing a significant amount of money. Levy’s the founder of JLL Partners, that’s a private equity firm that established Builders FirstSource in the late 90s. So he is been there from the get-go. He knows the business as well as anyone could, and he just increased his stake in the company by 43%.
Now I always tell you that executives sell their stock for all sorts of reasons… but they only buy their own stock in the open market for one reason: because they think it’s going to go higher. So that’s certainly an encouraging thing to see from Mr. Levy at Builders FirstSource. Consider me intrigued.”
It is worth noting that since the above comment was aired, Builders FirstSource, Inc. (NYSE:BLDR) stock has gained almost 12%.
2. Wells Fargo & Company (NYSE:WFC)
Number of Hedge Fund Holders: 75
Wells Fargo & Company (NYSE:WFC) is one of the stocks Jim Cramer recently discussed. Cramer made some positive comments about the CEO, Charlie Scharf, as he said:
“But do you know Charlie Scharf? Well, you should. He runs Wells Fargo. In fact, he saved Wells Fargo after one of the worst non-existential scandals in banking’s history. Charlie’s all about reliable positive earnings. He’s about delivering, but he hasn’t been able to deliver because seven long years ago, the Federal Reserve slapped an asset cap on Wells Fargo. It was devastating, and Charlie had to redo everything about this bank, top to bottom.
The Fed’s now lifted the cap, and lo behold, Charlie’s turned Wells Fargo into a hub of commerce, including corporate finance with a huge amount of stored-up capital. Today, he told an amazing story about a bank with tremendous earnings power. Wells can buy back stock, he can grow the institution, and it stands as a perfect metaphor for the real economy. And that’s why that stock led the entire S&P 500. It’s been a long time since I’ve seen a bank stock lead the S&P 500 with a 7% gain. That’s right. A bank stock had the biggest advance, making me look like a genius for once because we own Wells Fargo for the Charitable Trust.”
Wells Fargo & Company (NYSE:WFC) provides banking, lending, investment, and wealth management services.
1. JPMorgan Chase & Co. (NYSE:JPM)
Number of Hedge Fund Holders: 124
JPMorgan Chase & Co. (NYSE:JPM) is one of the stocks Jim Cramer recently discussed. Talking about the stock, Cramer commented:
“How do we judge the so-called real economy then? Well, first, I do like to look at the banks. They’re the backbone of the real economy, and they played a positive role today. JPMorgan reported its always good numbers, but its stock had run up so much yesterday, it ended up giving back some gains. Didn’t, wasn’t representative of the action…
The old cockroach theory. You know, there’s never just one. That’s something Jamie Dimon mentioned while he was talking about JPMorgan’s excellent quarter this morning. What’s the cockroach here? He was referring to the downfall of First Brands, some auto parts company I didn’t even know of until it collapsed, exposing billions of dollars in debt that someone never should have lent them in the first place… Look, Jamie’s a fantastic CEO, and I’m never going to disagree with him on anything banking-related, but he hasn’t commented enough on the rampant speculation in the stock market, and that’s got me on edge.”
JPMorgan Chase & Co. (NYSE:JPM) provides financial services, including consumer banking, lending, payments, and credit products. In addition, the company offers investment banking, asset management, and wealth advisory solutions.
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