On Thursday’s episode of Mad Money, host Jim Cramer focused on the companies that made it onto Wednesday’s “new high” list as he used them to take the pulse of Wall Street.
“I want to interpret what the market is saying for you. That way you can make your own judgments…. First, it’s probably not that surprising, but there’s no real tech on the 52-week high list these days. President Trump had what he called a successful call with President Xi, and they talked about getting together.”
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He emphasized that rare earth minerals were part of that conversation, an area in which China holds overwhelming dominance. Cramer mentioned that due to limited access to rare earth magnets, some U.S. auto factories are now facing closures. He noted that although tech stocks got a temporary lift from the renewed dialogue between the two countries, it quickly faded. Cramer mentioned that it is due to the ongoing trade dispute, which continues to weigh on the sector, even though many tech companies have little or no exposure to China.
“Here’s the bottom line: At the end of the day, this new high list is an eclectic group of stocks mostly geared to U.S. venues. That makes sense, given the trade war. I’d be a buyer of any of these names down 5 to 8% from these levels. That is my favorite percentage to start a position on a red-hot stock, and not before then. Like I said, the market’s a terrific teacher and it’s teaching you that these stocks are right for the current environment.”
Our Methodology
For this article, we compiled a list of 18 stocks that were discussed by Jim Cramer during the episodes of Mad Money aired on June 5. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the first quarter of 2025, which was taken from Insider Monkey’s database of 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).
Jim Cramer Recently Looked at These 18 Stocks
18. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 104
During the episode, Cramer discussed Tesla, Inc.’s (NASDAQ:TSLA) recent performance, as he said:
“By the way, you can also learn a lot from the worst performers of the day. Today it was… Tesla. You know, I don’t even know what to say here. You get a stock down this much, not only do you have to have terrible numbers, which Tesla certainly does, you have to effectively go to war with the president of the United States. So many people own Tesla because Elon Musk was tight with Trump. Now that they’re on bad terms, not such a good reason.”
Tesla (NASDAQ:TSLA) develops and sells electric vehicles and energy products. The company also provides solar and energy storage solutions to various customer segments through multiple sales channels. On May 27, Cramer discussed and commended the company’s humanoid robot project, and here is what he said:
“Despite all the negative publicity and the horrendous sales versus the competitors, it’s done nothing to hurt the stock of Tesla. In fact, as Morgan Stanley’s Adam Jonas… predicted, the fading of Tesla’s car sales has actually brought to the fore all of Musk’s other big initiatives… I’m talking about self-driving specifically in Austin, Texas, next month at this time.
But most importantly, I’m talking about Optimus, his humanoid robot project that will soon be a business, and when it launches, it will be a fabulous one. Musk’s full self-driving initiatives run on AI, specifically neural networks, which give you more adaptive human-like behavior than the other systems. And that’s why investors can ignore Tesla’s car sales.
They believe Musk got the best-selling self-driving technology, and that’s what’s going to matter. That’s why the stock won’t quit. And then if President Trump gets involved, it won’t be pushing for cars to go from Austin to Houston. It’ll be having Tesla self-driving all over the interstate highway system, which, last I looked, is still federal. Tesla, the tech company, is much more powerful than Tesla the automaker, and that’s why the stock finished up nearly 7% today.”
17. Intuit Inc. (NASDAQ:INTU)
Number of Hedge Fund Holders: 87
While discussing Intuit Inc. (NASDAQ:INTU), Cramer said that it is a stock that he really likes.
“Now, each day has its own Mosaic… And why don’t we just throw in another one that I really like, Intuit? The small business person’s digital accountant, or so I like to think about the TurboTax division. Three aces there.”
Intuit (NASDAQ:INTU) develops financial, tax, and marketing solutions for individuals and businesses as it provides software and services for accounting, payroll, tax preparation, credit management, and customer engagement across a range of platforms and channels. In February, Cramer talked about Intuit (NASDAQ:INTU) during an episode of Squawk on the Street. He said:
“Carl there was a thought that maybe Intuit was not gonna make the quarter. Uh, its [inaudible] about global business solutions. Consumers only have three percent. But, uh, Credit Karma was magnificent, uh, 16% dividend boost. Morgan Stanley goes hold to buy, fantastic, just fantastic situation. I like those guys very much. I think people really misjudge, there are small businesses still very strong in this country.
… [On whether tax filing plays a large role] They’ve managed to be able to kind of avoid that by making it really much more small businesses. Uh, and, wow I mean having used it as a restaurant owner it’s a really extraordinary, it’s a powerful product. Makes it easygoing.”
