On Tuesday, Jim Cramer, host of Mad Money, offered his perspective on the day’s market rally as he delved into the impact of the ongoing dynamic between President Donald Trump and Federal Reserve Chair Jerome Powell.
“All day, I heard that today’s rally was just a bear market rally, okay? That it was a phony spike, and the market will go right back down the moment the president posts that there’ll be no compromise on tariffs. Who knows, maybe Fed Chief Jay Powell should be deported.”
READ ALSO: 9 Stocks on Jim Cramer’s Radar and Jim Cramer’s Thoughts on These 5 Stocks.
However, Cramer pointed out that the tone shifted significantly just after the market closed. In his words, “We get incredible news that is sure to drive this market higher.” The news came directly from the President, who clarified that he had no intention of firing Powell, a rumor that Cramer identified as a major factor in the prior day’s market slide. Trump’s statement, “Never did, never will,” regarding any plans to remove Powell effectively erased the cloud of uncertainty that had been hanging over the markets.
Given this reversal, Cramer questioned whether the rally could still be called a bear market bounce. In his view, it now looked like something more substantial. He explained that real recoveries are often mischaracterized at first. According to Cramer, they typically begin with what appear to be bear market rallies, short-lived, suspicious upticks that many investors brush off due to repeated disappointments in the past. He stressed that the early stages of genuine market turnarounds are often marked by disbelief and hesitation, with only the boldest or most reckless traders recognizing their potential early on. He added:
“Now look, just because the President doesn’t want a constitutional crisis and is going to keep Powell doesn’t mean we have more to go on. For example, there’s been no sign of change from the administration on the trade wars.”
Our Methodology
For this article, we compiled a list of 15 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 22. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 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 Talked About These 15 Stocks
15. Quanta Services, Inc. (NYSE:PWR)
Number of Hedge Fund Holders: 67
During the lightning round, a caller asked about Quanta Services, Inc. (NYSE:PWR). Here’s what Cramer had to say, “Alright, this is a Stephanie Link favorite, Quanta. I agree with her. I think it’s a buy.”
Quanta Services (NYSE:PWR) provides infrastructure solutions across multiple industries, including electric power, renewable energy, communications, and pipeline sectors. The company specializes in the design, construction, maintenance, and repair of infrastructure for power generation, transmission, distribution, and storage, as well as offering services for gas and communications systems. In 2024, when Cramer was asked about the company, he said, “They’re so good, isn’t it incredible? Quanta’s just such a terrific company.”
14. Cinemark Holdings, Inc. (NYSE:CNK)
Number of Hedge Fund Holders: 50
A caller asked how Cramer felt about Cinemark Holdings, Inc. (NYSE:CNK) in the present and the future, and the company’s standing in comparison to its peers. In reply, Cramer said:
“Not bad, not bad. Not great, not bad. I mean, a lot of these stocks are kind of like just out there. I don’t have an edge on that one.”
Cinemark Holdings (NYSE:CNK) is involved in the motion picture exhibition industry. The company runs theaters across the United States and Latin America. On April 11, JPMorgan analyst David Karnovsky upgraded CNK to Overweight from Neutral and set a new price target of $34, up from $30. He expressed growing confidence in the company’s growth prospects for 2026 and 2027 following CinemaCon.
Karnovsky highlighted that, despite the current economic uncertainty, Cinemark Holdings (NYSE:CNK) remains one of the least affected companies in the industry. He pointed out that attendance tends to be more influenced by film quality than broader economic factors, a trend that should persist even with the rise of streaming alternatives. The upgrade was driven by a stronger long-term outlook.
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