In this piece, we will look at the stocks that Jim Cramer recently discussed.

In his recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed the impact of markets extending their rally after President Trump’s remarks suggested that his administration was de-escalating its showdown with China. To further assuage market concerns, Trump also asserted that he had no plans to fire Federal Reserve Chairman Jerome Powell. Cramer remarked:

“Well I think that if you go back to Monday’s stock market, that was one of the worst days in my career that I’ve ever seen. I had that comparisons to 1932, a lot of people just saying let’s just forget about this, let’s turn it off, I don’t want to be in this anymore. David, there seemed to me on Monday to be a belief that we’re really on our own, do whatever you want, tariff away, we don’t need anybody, interest rates going the wrong way, gold going the wrong way. It was just a hideous day.”

Given that Cramer has interacted with the markets in one form or the other before most of us were born, naturally his remarks about Monday being the worst of his career raised eyebrows. Co-host David Faber refused to believe it and asked Cramer whether he really did think that it was the all-time worst day. In response, Cramer clarified that it was the worst day in terms of despair. “No, because in terms of despair. Despair. Level of despair. . .Just saying the level of despair on Monday when I left,” he said.

Cramer also outlined that those who had predicted that a bear market was in play were proven wrong. “Everyone said bear market rally yesterday, well you know those people have been pantsed,” he said. “There was a guy on this morning . .was talking about tariffs, you know I was really hammered. I said jeez you know it’s early in the morning,” Cramer added.

However, even though the bears were ‘pantsed,’ it didn’t mean that the performance was stellar. Commenting on JPMorgan calling recent market events a wholesale divorce from dollar-denominated assets, Cramer outlined: “I felt like I could go very easily into pretty much any market in the world and be better than ours.”

The CNBC host also shared that Treasury Secretary Bessent appears to be driving the policy, as for now. According to him: “I think that Bessent, Treasury Secretary Bessent, is regarded as being at the tiller, right now. And he understands the stock market. And there’s, Navarro, who understands death by China.”

Commenting on the link between Bessent and President Trump, Cramer shared:

“Look obviously he [Bessent] just knows there’s some connection between the stock market and the country. And I know that the President, first go around, regarded as being really important. In the second go around he’s just said basically it’s an abstraction even to the point where I can do tariffs higher than Smoot-Hawley and not care what happens.”

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).

10. Williams-Sonoma Inc. (NYSE:WSM)

Number of Hedge Fund Holders In Q4 2024: 40

Williams-Sonoma Inc. (NYSE:WSM) is an American home furnishing products retailer. Its shares have lost 19% year-to-date as they have struggled from multiple headwinds including a weak growth forecast and the impact of tariffs on its products. Cramer rarely talks about the stock in his morning show. This time around, he commented on the firm’s recent share price movement which has seen the stock gain 9% since April’s tariff-induced bottom:

“Williams Sonoma, last quarter good, people forgot about it. Now people are coming back to it.”

9. Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Number of Hedge Fund Holders In Q4 2024: 50

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is one of the biggest trucking logistics companies in the US. As a result, the firm’s shares are dependent on economic activity. Year-to-date, Old Dominion Freight Line, Inc. (NASDAQ:ODFL)’s shares have lost 9.6% which is lower than the beating several big tech stocks have taken. Part of the reason behind the share is the firm’s lower exposure to tariffs and robust earnings performance. Here’s what Cramer said about Old Dominion Freight Line, Inc. (NASDAQ:ODFL):

“Old Dominion, the freight company, they report a quarter and uniformly on the call they like hated themselves. I told you they’re self haters, oh like we screwed up on this, we’re bad on that. Stock’s up 13. Now in light volume. But that’s the kind of, you know, when you get a company, a trucking company that reported a quarter where they think the quarter was bad themselves, and the stock’s up 13, that’s a market that wants to take on little bit more of an aggressive posture.”