Jim Cramer Reveals The ‘North Star’ Of Investing & Discusses These 10 Stocks

4. GoDaddy Inc. (NYSE:GDDY)

Number of Hedge Fund Holders In Q4 2024: 52

GoDaddy Inc. (NYSE:GDDY) is an internet company that enables businesses to build websites, optimize their search engine performance, and conduct other operations. The stock has lost 8% year-to-date primarily because of a steep 14% drop in February. GoDaddy Inc. (NYSE:GDDY)’s shares fell in February after its fourth-quarter revenue dropped. The shares then dipped by 8% in May after multiple analysts reduced its price targets following Q1 results. Here’s what Cramer said about the earnings:

“As did by the way GoDaddy. . . I have GoDaddy on, I was kind of like, wow, that happened fast.

“[On telling GDDY being a proxy for small business] I can, I had them on and I had to believe that some what of an execution issue. Again, by the way, they are fantastic, at what they do, so, if I didn’t see the small business index and Paychex do so well, I would say this. This is kind of like ADP. I mean was ADP a head fake? Was it a misdirection play yesterday? Maybe GoDaddy’s a misdirection play, when I see this, the Paychex data.”