On Wednesday’s episode of Mad Money, host Jim Cramer offered a pointed review of the day’s market activity and turned his attention to the ongoing tension between Federal Reserve Chair Jerome Powell and President Donald Trump.
“Why hasn’t Powell started cutting rates again? We had a cooler-than-expected PPI number today. That could make it easy to justify a rate cut, right? But how about inflation? The incredibly important Consumer Price Index from yesterday had some prices that had some signs of inflation from the president’s tariffs… However, we don’t know how high the tariffs are going to go, and he seems to roll out new ones every day.”
READ ALSO: Jim Cramer Weighed In on These 16 Stocks and 17 Stocks on Jim Cramer’s Radar.
In Cramer’s view, Powell is simply exercising caution and is waiting to see the full impact of these trade moves. Cramer said, “If you believe the economy’s about to fall apart, then there’s no time to wait.” However, he noted that over the past few days, major banks have reported earnings, and not one of them signaled any sign that the American consumer is in distress. With unemployment still hovering at 4.1%, Cramer argued that it is difficult to make the case for an economic slowdown.
He said that it is the main problem with President Trump’s position. Cramer explained that the Federal Reserve is designed to cut rates in response to a slowdown, but right now, the economy does not show the typical signs of one. He noted that instead, the only potential drag appears to be the uncertainty created by Trump’s own tariff strategy.
“Bottom line: I hope today is the last day that Trump goes after Jay Powell, whose term ends in 10 months anyway. Gunning for Powell only hurt Trump the same way it hurts the markets, and I don’t think the president’s a masochist. At the end of the day, we’re either going to see more inflation or not. If inflation really does pick up, firing Powell won’t matter because the rest of the Federal Market Committee won’t let him cut either. Mr. President, sometimes, this is genius by me, it’s better to leave well enough alone.”
Our Methodology
For this article, we compiled a list of 17 stocks that were discussed by Jim Cramer during the episodes of Mad Money aired on July 16. 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 Reflected on These 17 Stocks
17. FLEX LNG Ltd. (NYSE:FLNG)
Number of Hedge Fund Holders: 9
FLEX LNG Ltd. (NYSE:FLNG) is one of the stocks Jim Cramer reflected on. When a caller inquired about the stock while mentioning its huge dividend, Cramer replied:
“Yeah, I’ve been trying to figure out why that has such a big dividend. Let me go to work on that for you, rather than just say, well, I think that dividend’s safe. We gotta find out. When you see a dividend that high versus the rest of the market, there might be something wrong. We’re going to get on it.”
FLEX LNG (NYSE:FLNG) is engaged in the seaborne transportation of liquefied natural gas, operating a fleet of LNG carriers equipped with advanced propulsion technologies. During an April episode, when a caller asked about the stock, Cramer said that he has to take a “hard pass.”
“But don’t you think that it should have already made it by now? I mean the stock just does nothing, nothing but go down during the greatest revolution of all time. I’m going to have to take a hard pass on that one. I’m sorry.”
16. CleanSpark, Inc. (NASDAQ:CLSK)
Number of Hedge Fund Holders: 23
CleanSpark, Inc. (NASDAQ:CLSK) is one of the stocks Jim Cramer reflected on. When a caller inquired about the stock, Cramer made a positive comment about it but noted that it is still speculative. He said:
“Okay, alright, CleanSpark is another one of these stocks that, I mean, frankly, I didn’t even know JPMorgan followed that one. I’m not so sure they do. It’s another one of those stocks that one headline is going to roll. So, I now say it’s okay to have a speculative, look, you can speculate with it as long as you understand that it’s speculation and nothing more.”
CleanSpark (NASDAQ:CLSK) operates as a bitcoin mining company and owns data centers that support the Bitcoin network. The company reached its mid-year goal of 50 EH/s in operational hashrate in June 2025, becoming the first Bitcoin miner to achieve this through fully self-operated infrastructure. The milestone reflects a 9.6% monthly increase and improved energy efficiency. The company’s CEO commented:
“I want to express my gratitude to our team, especially our COO Scott Garrison and CTO Taylor Monnig, for their grit and leadership. Under their direction, the tireless efforts of our operations and technology teams resulted in the addition of over 10 EH/s of capacity across four states to achieve the ambitious target. With the talent, infrastructure and power contracts in place, CleanSpark is well-positioned to continue scaling.”