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.”
16. Booking Holdings Inc. (NASDAQ:BKNG)
Number of Hedge Fund Holders: 102
During the episode, Cramer showed bullish sentiment toward Booking Holdings Inc. (NASDAQ:BKNG) as he said:
“Now, each day has its own Mosaic… There’s Booking Holdings, the old Priceline, which might make you think twice before you write off the travel bull market.”
Booking (NASDAQ:BKNG) is a travel services company that provides a broad range of online and traditional reservation platforms for accommodations, transportation, restaurants, and related services, along with advertising, insurance, and management solutions. Cramer mentioned the company when he was discussing the best-performing stocks of the last 20 years in April. He commented:
“Third best performer over the last 20 years, Booking Holdings. Yes, the online travel agency formerly known as Priceline, with a stock that’s up a staggering 22,000%. These guys figured out how to dominate the increasingly online travel space and made some very smart acquisitions over the years. Long term, I’m still a believer, although we have to take a hard look after it reported just this very evening.”
15. Axon Enterprise, Inc. (NASDAQ:AXON)
Number of Hedge Fund Holders: 61
While discussing Axon Enterprise, Inc. (NASDAQ:AXON), Cramer said that it has a “great software business.”
“Now, each day has its own Mosaic. We have Axon tonight, the law enforcement technology company that has so much business, they can barely handle it. It’s a new high natural. By the way, they have great software business growing at more than 30%.”
Axon (NASDAQ:AXON) produces TASER-branded conducted energy devices and provides a range of hardware, cloud software, and mobile tools that support public safety operations, evidence management, and real-time data integration across various industries. In a February episode of Mad Money, Cramer remarked:
“Now, biggest losers, one of them that has just been quietly going up over time, it’s called Axon Enterprise. It was formerly TASER, which plunged nearly 28% over the course of three days. Now, Axon has been a fabulous winner for years. It pivoted… to police body cameras, evidence management software Those were good businesses. So why then did the stock just get completely obliterated? Weirdly, there really wasn’t any bad news from the company. Instead, it was a one-two punch of downgrades from analysts at boutique research firms that failed Axon.
The first from Northcoast caused the stock to sink more than 16% last Wednesday before another downgrade from Craig-Hallum caused it to fall over 8% on Thursday.
The stock fell another 5% on Friday when the market wide selling really got going. Now Axon reports tomorrow after the close, but clearly people wanted to ring the register going into the quarter and the bearish analysts gave them a real excuse to do so. Very different attitude from what we’ve seen in the past few months, huh, where momentum stocks are frankly unstoppable.”
14. GE Aerospace (NYSE:GE)
Number of Hedge Fund Holders: 104
While discussing GE Aerospace (NYSE:GE), Cramer commended the company’s operations as he said:
“There’s no real theme to the other stocks on the list… Finally, there’s GE Aerospace. Now this company has some of the greatest cash flow I’ve ever seen. It makes aircraft[s], engines, and maintenance business is fantastic. Do you know the maintenance business, that may be the single best annuity stream I have ever seen. It’s one of my faves. But after this run, you can only buy at a discount.”
GE Aerospace (NYSE:GE) develops and manufactures aircraft engines, components, and systems for commercial and defense applications. The company also provides maintenance, repair, and overhaul services, along with advanced propulsion and avionics technologies. In April, Cramer made the following comments about the company:
“Let’s start with the best, GE Aerospace, because that’s the closest thing to a commercial aerospace pure play. It’s got the least defense exposure by far. Not coincidentally, it’s also the only one of these stocks that roared in response to earnings, jumping $10 and 83 cents. That’s more than 6%. Even though GE Aerospace posted a small revenue miss, they gave you a monster 22 cents earnings beat off a dollar 27 basis. Management said the total orders grew 12% in the quarter. That’s really good. Company reiterated its entire full-year forecast. Now, look, in normal environment, merely reiterating your outlook after such a big earnings beat would be, considered to be, let’s say, a big win but nothing that would make you go crazy about it but this time, it is huge. GE explicitly said that their outlook now includes the impact of the administration’s tariff policies, including less air travel.
Wow. Here’s how GE Aerospace Chairman, CEO Larry Culp put it, “The macroeconomic dynamics we are operating in today require us to take a number of strategic actions, such as controlling costs and leveraging available trade programs. Based on what we know today, these actions, along with our solid first quarter and commercial services backlog of over $140 billion, enabled us to maintain our full-year guidance.” Basically, GE held serve. They delivered a solid beat for the first quarter and found a way to reiterate their outlook, which was good enough to send the stock much higher.”
13. The Mosaic Company (NYSE:MOS)
Number of Hedge Fund Holders: 48
During the episode, Cramer mentioned The Mosaic Company (NYSE:MOS) and said:
“There’s no real theme to the other stocks on the list… Then there are two one-offs, Roblox and Mosaic… Here’s a real tough one to understand, Mosaic. It’s a fertilizer company. Now this one’s an oddity. It’s entirely possible that people are playing a theme of China food shortages. And that’s one, by the way that, I’m not seeing. I think what it really is is farmers are flush, and that means they’re capable of buying tons of fertilizer, which doesn’t cost that much anyway.”
Mosaic (NYSE:MOS) produces and markets phosphate and potash-based crop nutrients, animal feed ingredients, and industrial products. Additionally, it offers blended fertilizers, biological complements, and related services. On May 20, Cramer recommended not buying the stock as he said:
“This weekend, when I was at Total Wine & More up there in Norwalk, I was shocked. Someone came to me and said, what do you think about Mosaic? I said, well, you know what, I think it’s just, it’s killer. It’s killer. But it is hype, it is just like a parabolic move. If I come in now, I think I am too late…. I’m going to have to say, [don’t buy, don’t buy] because it’s just up too much. It’s up too much. I’m sorry.”
12. Roblox Corporation (NYSE:RBLX)
Number of Hedge Fund Holders: 68
During the episode, Cramer showed bullish sentiment toward Roblox Corporation (NYSE:RBLX) and called it “terrific.”
“There’s no real theme to the other stocks on the list… Then there are two one-offs, Roblox and Mosaic. The game of Roblox is something that fascinates kids. It may be too much for all I know, but the point is it’s insanely popular. It’s done nothing but go up ever since it was attacked by short seller[s]. I gotta tell you, I think that it’s cleaned up its act. I think it’s terrific.”
Roblox (NYSE:RBLX) provides a platform for creating, sharing, and experiencing immersive 3D content, offering tools for developers and infrastructure services to support user-generated virtual experiences and real-time interaction. On March 22, 2024, Cramer said that he was waiting for the stock to take off and believed that “it is taking off.” He remarked:
“Let’s talk about Roblox, the online gaming and game creation platform that’s insanely popular with kids. 71.5 million daily active users in the latest quarter but because they never pivoted to profitability, yet, the stock hasn’t gotten as much love as I think it should’ve… It’s the beginning of the great re-acceleration. Daily average users up 22%, hours engaged up 21%, revenues up 30%, bookings up gigantically. […] I’ve been waiting for this one to take off — it is taking off.”
Since the above comment was aired, Roblox (NYSE:RBLX) stock has gained nearly 160%.
11. eBay Inc. (NASDAQ:EBAY)
Number of Hedge Fund Holders: 51
While discussing eBay Inc. (NASDAQ:EBAY), Cramer credited the company’s partnership with Facebook’s Marketplace as a significant reason behind its growth.
“There’s no real theme to the other stocks on the list… eBay’s a real shocker. It’s come a long way to get back on this list. Now, I’ve watched this stock get carved up for ages, but now it looks like eBay has stopped being a whipping boy, and people are feeling comfortable buying merchandise second-hand. Has a partnership with Facebook’s Marketplace, which has spurred real growth for the company. I like that, by the way, that marketplace section.”
eBay (NASDAQ:EBAY) operates digital platforms that facilitate buying, selling, and payment of a wide range of products. It also provides users access through its website, mobile apps, and associated services. During an episode of Squawk on the Street in February, Cramer mentioned the company and commented:
“And their, that forecast, because if you look at the actual numbers, you might be very impressed. But when you look at the forecast, it was very downbeat. That’s like, I think there’s a lot, I think that people have to understand that the forecasts have been playing a real havoc here in a lot of names. And there’s a lot of people who just say, wait a second I thought my company was doing well. I didn’t think Ebay had to be as negative as they were. I think, it’s like Sweetgreen.”
10. DoorDash, Inc. (NASDAQ:DASH)
Number of Hedge Fund Holders: 81
Cramer made a bullish comment on DoorDash, Inc. (NASDAQ:DASH) during the episode as he said:
“There’s no real theme to the other stocks on the list. DoorDash, that’s been a winner from the get-go. And we know from Campbell’s… conference call and by Dollar General too, that people like to eat at home these days. That could mean DoorDash, which is remarkably well run and has a deservedly strong reputation if indeed you don’t want to cook at home.”
DoorDash (NASDAQ:DASH) operates a digital platform that connects merchants, consumers, and couriers. Furthermore, the company provides delivery, logistics, and online ordering solutions, along with subscription programs and tools to support merchant operations and customer engagement. Sands Capital stated the following regarding DoorDash, Inc. (NASDAQ:DASH) in its Q1 2025 investor letter:
“DoorDash, Inc. (NASDAQ:DASH) is the leading food delivery platform in the United States by market share. The business exceeded investor expectations in its most recently reported quarter, demonstrating continued strong execution. Orders grew 19 percent year-over-year, supported by 14 percent growth in monthly active users, while adjusted EBITDA rose 56 percent. First-quarter 2025 guidance was better than consensus expected, calling for 20 percent gross order volume growth. Our investment case continues to play out, and we continue to believe that consensus underestimates DoorDash’s longer-term earnings power.”
9. Capital One Financial Corporation (NYSE:COF)
Number of Hedge Fund Holders: 93
While discussing Capital One Financial Corporation (NYSE:COF), Cramer said that it is cheap, and he remarked:
“You know what, I’m hoping that COF, Capital One, which just bought Discover Financial, that it could enter the 52-week hallowed ground. It’s cheap. It’ll have a gigantic buyback come July… COF, I feel very lonely, but I won’t come July.”
Capital One Financial(NYSE:COF) offers a wide range of financial services and products, including credit cards, loans, deposit accounts, and online banking. The company also provides solutions in commercial lending, treasury management, and financial advisory. In an episode aired in May, Cramer called it his “favorite stock.”
“Monday also is the first day when Capital One, the credit card bank, trades as one with Discover Financial as the deal is now closed. Now I’ve been telling people…. that Capital One is my favorite stock right now in the Charitable Trust, even as it just gained almost 20 points this month alone. I think the move is far from over. I expect number bumps and analyst upgrades. You’ve got to learn the Capital One story.”
8. Visa Inc. (NYSE:V)
Number of Hedge Fund Holders: 165
Cramer made some positive comments toward Visa Inc. (NYSE:V) and called it a “reliable fintech,” as he said:
“Now, there are plenty of fintechs that have come public in the last 10 years. They always have their adherence and believe the whole group should be on the 52-week high list. It is so overloved that it makes me sick. I find these now repulsive. But if you want to know what a reliable fintech looks like, look no further than Visa, which I can’t believe is on the high list even though it had a terrific quarter, of course… Visa’s the one that’s made it right now.”
Visa Inc. (NYSE:V) is a payment technology company that facilitates transactions through its global network and offers a range of card products, digital payment solutions, risk management tools, and consulting services.
7. Cintas Corporation (NASDAQ:CTAS)
Number of Hedge Fund Holders: 58
During the episode, Cramer mentioned Cintas Corporation (NASDAQ:CTAS), and here is what he said:
“What else made the list yesterday? Cintas is not necessarily considered a subscription business. Hey, but their standard contract is five years for you to bring your company uniforms, first aid products, along with fire protection and safety gear. Sure, the stock typically goes down if we, you think we’re headed for a slowdown, but Cintas can’t join the new high list without robust blue-collar hiring. The fact that it’s up here is a terrific sign, actually, for the broader economy.”
Cintas Corporation (NASDAQ:CTAS) supplies corporate uniforms, facility services, safety products, and fire protection solutions, offering rental, cleaning, and sales services to businesses through a broad distribution network. During an April episode of Squawk on the Street, Cramer said he mentioned the company as he recommended people check out service companies. He commented:
“Small and medium sized businesses I think could still do well and I’ve been recommending people look at service companies. I think that those can do well. Domestic service, you know I’m talking about like a Cintas.”
6. Spotify Technology S.A. (NYSE:SPOT)
Number of Hedge Fund Holders: 106
Cramer showed bullish sentiment toward Spotify Technology S.A. (NYSE:SPOT) as he mentioned that he has confidence in subscription businesses. He commented:
“My confidence in subscription model extends to Spotify. This incredible company dominates the podcast business and the music business, and of course, the new high list. It’s roaring right now, but it does have periodic moments of underperformance, and that’s when you gotta snap it up [buy, buy, buy].”
Spotify (NYSE:SPOT) delivers music and podcast streaming services through subscription-based and ad-supported models. Moreover, the company offers users access to a vast audio catalog along with supporting services like marketing, R&D, and customer support. Cramer called the company a “competitor to Netflix” during a Mad Money episode aired in April, as he said:
“If you want to know my favorite trade for the week, it’s going to be Spotify. Now, this has this juicy subscription business. People don’t focus on this company a lot. Lots of people ignore it, dismissing it as a radio station without commercials. But I think Spotify’s all things entertainment, a competitor to Netflix for your time.”
5. Netflix, Inc. (NASDAQ:NFLX)
Number of Hedge Fund Holders: 150
While discussing Netflix, Inc. (NASDAQ:NFLX), Cramer said that Wall Street loves subscription businesses and the company is the “King of subscriptions.”
“The dominant winner in this new high list… well, it’s so easy. You probably even know if you just watched a couple hours of our show, and that’s Netflix. Now here’s this stock that seems to permanently reside on the new high list. It’s one of those positions that every time it moves up, some analyst raises numbers and raises price targets. Truly virtuous circle.
Right now, Netflix is going up on its content slate, including the upcoming season of Stranger Things and Squid Game. It’s also been going up because its ad tier is working well, and it should only get better as they develop more ways to help advertisers target the right viewers. At the end of the day, Wall Street loves the subscription business, and Netflix, it’s the king of subscriptions.”
Netflix (NASDAQ:NFLX) provides streaming entertainment, including TV shows, films, documentaries, and games, accessible across a wide range of internet-connected devices and available in multiple genres and languages.
4. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 284
During the episode, Mad Money host commended Microsoft Corporation’s (NASDAQ:MSFT) previous quarter as he said:
“Now, there was a time when these tech stocks couldn’t be on the 52-week high list unless they were led by an Alphabet or an Apple, or an Amazon. Instead, we’ll have to settle for Microsoft, which hit the high list today and has been flying ever since that last quarter, which indeed was a great one.”
Microsoft (NASDAQ:MSFT) is engaged in providing a broad portfolio of software, cloud services, devices, and business solutions, including productivity tools, enterprise applications, operating systems, gaming platforms, and digital advertising through various sales channels and platforms. On May 1, Cramer had some positive things to say about the company’s management during an episode of Mad Money:
“[Talking about the market’s gains] Led by two of these mega caps, the Microsoft and Meta platforms, we’re reminded of how the mega caps got so big to begin with. It’s their scale, their smarts, their moats, their balance sheets, and their sensational products. Microsoft stock finished up 30 points or 7.63% today after a monster quarter […]
Microsoft’s a machine. It’s a conference call that’s incredibly well orchestrated. CEO Satya Nadella starts with a mellifluous analysis of what’s going great guns. He takes it from 30,000 ft all perfect every division including most proudly Azure.
Then CFO Amy Hood, perhaps the most professional of the CFOs in the business, gives the breakdown of the far more prosaic numbers, how much each division gained over the previous year. Then she delivers the single most important bullet in the call: the part where she raises guidance, sometimes huge, sometimes just big.
[Talking about previously reducing guidance in previous quarters] Not this time. This time, it was a glorious course of raised numbers. Azure, it had huge accelerated revenue growth and will continue to do so. […] This quarter was a thing of beauty.”
3. Johnson Controls International plc (NYSE:JCI)
Number of Hedge Fund Holders: 59
Cramer said that Johnson Controls International plc (NYSE:JCI) stock has been strong for a long time, as he remarked:
“Then, if you want to stretch things, let’s roll in Johnson Controls. Yeah, HVAC, right? It creates big cooling systems. Very much needed to keep data centers from overheating. Sometimes, I think that they just got really lucky to have this business. Stock’s been strong now for ages, it might be a collateral play on what… [has] been the most potent stock in the market, CoreWeave, which closed yesterday as a four-bagger from its recent IPO before pulling back hard today. It’s kind of a bit of a meme stock. Yeah, you know what that is.”
Johnson Controls (NYSE:JCI) provides building technologies and services, including HVAC, fire and security systems, energy efficiency solutions, and smart building software. The company offers its services to a wide range of commercial, industrial, and government clients.
2. Seagate Technology Holdings plc (NASDAQ:STX)
Number of Hedge Fund Holders: 55
During the episode, Cramer had a lot of positive things to say about Seagate Technology Holdings plc (NASDAQ:STX) as the company becomes an “AI trade.” He commented:
“We’ve also got a couple of smaller techs acting superbly. Incredibly, Seagate is on the list. For a long time, this was just another commodity tech play, but now it’s an AI trade because data centers need lots of hard drives. What a comeback. Hey, glad they could hold on for all these years.”
Seagate (NASDAQ:STX) delivers data storage solutions spanning hard drives, solid state drives, and external storage devices, while also offering an edge-to-cloud platform designed to support enterprise infrastructure across both on-premise and cloud environments. In a March episode, Cramer said that he prefers another company instead of Seagate (NASDAQ:STX) as he remarked:
“Alright, Seagate. Okay, now this is a very cheap stock, but cheap for a reason. It’s because the business is very cutthroat and I suggest that if you wanted to go in this business, you wanted to go into storage, I am going to send you honestly to Broadcom. I’d rather see them, they got storage too.”
1. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders: 158
Cramer started his 52-week high list with Broadcom Inc. (NASDAQ:AVGO) as he commented:
“It’s important to realize, though, that tech’s not well-represented in the 52-week hot list. In fact, there was only one big one, that’s Broadcom, which reported a small top and bottom line beat after the close with solid guidance for the current quarter. But the stock is just getting hammered in after-hours trading. Now, I think the stock simply came in too hot, given how much it’s run from the April lows. I’m not buying the bear case, which is based on some narrower margins on custom-made chips that it does. It’s just that tech stocks are under pressure and Broadcom wouldn’t be spared today whether it reported or not, and people should recognize that instead of freaking out. It’s up 12% for the year.”
Broadcom (NASDAQ:AVGO) develops and supplies a wide range of semiconductor devices, including custom chips for networking, wireless communication, broadband, storage, and industrial applications.
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