In this piece, we will look at the stocks Jim Cramer recently discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer commented on the recent upward movement in the share price of Elon Musk’s car company. Speculating on whether the recent calmness exuded by the Trump administration could mean that markets go back to Liberation Day close, he outlined:
“I think we can because we’ve got Bessent throwing around a little fuel. . .and I really feel that the, let’s use [Elon Musk’s car company] as a good example. Like [the company], you knew the moment he was on the call and saying listen I’m gonna really get out of dodge [DOGE] suddenly you realize. . .that it’s like, okay this could be up 30.”
The CNBC host also commented on the recent sentiment among traders that we might be in a bear market rally. Cramer was aware of these thoughts as he shared:
“But I would say that when I listened to everybody yesterday, all the different traders, ‘bear market rally, bear market rally.’ The bear market’s going to rip their face off. If you see a grizzly in the Yellowstone National Park, you’re supposed to call.”
When co-host Carl Quintanilla remarked that a major investment bank was saying markets could go higher with a short squeeze possible, Cramer replied: “Look I that we have a lot of situations today, they’re going the way of the market but they’re not going too thick.”
One key theme in the show was the AI data center industry. This sector has lost its luster since January’s DeepSeek selloff, yet, Cramer’s adamant that investors are wrong. When asked about his current thoughts about data center stocks, he remarked:
“I’m saying it’s mixed. I’m saying it’s too mixed. It’s too mixed. It’s not unbelievably great like it was. . .it’s mixed. So now it’s like well you know what, I think I could buy [Jensen Huang’s AI company] off that. I think I can buy Cummins off that. But no one’s going in and saying you know what I need to buy these. No one feels like they need to have them anymore. And that’s. . .a shame because it’s very difficult to mount the kind of rally you need.”
Further lamenting the downfall of data center stocks, Cramer said:
“I just feel like what’s, it was like the greatest story ever told. The data center. And, we had, we had the natural gas to power them . . .everything that was in the data center was golden and you just had this thesis. And the thesis came unglued during this period. It’s a little Humpty-Dumpty like.”
Cramer also shared his thoughts regarding stocks not coming off of their opening high as markets started to trade. He said:
“No, it’s interesting you get a change of tone. You know that there’s in the White Hosue, a very hard liner. Howard Lutnick a little bit less hardline. And you don’t hear from them. And I know that this is one of those situations where it’s fluid, you might hear from them tomorrow. But, this is the view of the non-Navarro storyline.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on April 23rd.
For these stocks, we also mentioned the number of hedge fund investors. 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).
9. ServiceNow, Inc. (NYSE:NOW)
Number of Hedge Fund Holders In Q4 2024: 110
ServiceNow, Inc. (NYSE:NOW) is a software-as-a-service (SaaS) company that enables businesses to perform machine learning, analytics, and other associated operations. Its shares have lost 11% year to date but have trimmed back the losses through a 22% gain in April after its latest earnings. The results saw ServiceNow, Inc. (NYSE:NOW)’s $3.09 billion in quarterly revenue beat analyst estimates of $3.08 billion. The firm also raised its full-year guidance to $12.640 billion and $12.680 billion from an earlier $12.635 billion and $12.675 billion. Here’s what Cramer said:
“Look I know you follow ServiceNow very closely. And it’s up 50 points, okay. Well I mean this is, frankly, the enterprise software which has been where the, that’s been the gut of what has been bad.”
“Well we should play what Marc Benioff was saying, he got Finnish Air just now. He got Booking’s. Booking’s the largest travel agent. You’re going to get, you’re not going to get a human, you’re going to get someone who knows more. That’s what I’ve been waiting more. And by the way, Elon Musk hinted something that Marc is going to introduce in the spring. Which is he wants to put it in the stack, in the information technology stack, of the federal government to save money. Now we know by the way, ServiceNow’s in there too so I’ve got Will McDermont. . .”
8. GE Vernova Inc. (NYSE:GEV)
Number of Hedge Fund Holders In Q4 2024: 111
GE Vernova Inc. (NYSE:GEV) is a General Electric spinoff that deals with energy generation products. Before the current souring of investor sentiment surrounding data center stocks, Cramer commented on multiple occasions that it was the only nuclear power play worth investing in. This time around, he remarked that GE Vernova Inc. (NYSE:GEV)’s order book indicates that the data center industry is still going strong:
“I have . .GE Vernova and I’ve got Vertiv on tonight. . the CEOs. And I just want to say that there’s been a lot of what I regard as misinformation about the data centers slowing. And both, when you read the Vertiv notes, like forget it, the business is on fire. When you speak to Scott, Scott Strazik who’s the CEO of GE Vernova, he would tell you that the hyperscalers like to play. Like they put some here, they wanna put there, and they talk about doing this, talk about that. But in the end the orders are up and that anyone who thinks that the hyperscalers are scaling back, frankly, is just, not telling the truth.”
“What Scott is saying for GE Vernova is that’s the game they’re playing. They’re just trying to build it here, they’re trying to build it there. They’re not gonna let each other know. It’s just a little bit more secretive but I’m the keeper of the order book and the order book is [inaudible]. So those who are trying to get those down . . .they gotta rethink their game. They gotta rethink. It’s all I’m saying.”
