In this piece, we will look at the stocks that Jim Cramer recently discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed the unease among business people regarding the President attempting to fire Federal Reserve Chair Jerome Powell. While the President has assured everyone that he will not try to remove the Fed chair, Cramer commented that the potential removal along with the tariff policy had created a lot of uncertainty amongst businesses.
Starting with commenting on the Dow dropping 1,000 points before the open but attempting to rally at the previous close, Cramer stated:
“Actually, that was a really interesting turn. Because no one could figure it out. It was almost as if somebody knew that the President was going to go, now I follow his Truth Social, like I go there like every five minutes. That there wasn’t going to be anything today. Uh, there is a belief I think among the executives I speak to and obviously we all speak to a lot of execs, that the President is so off the reservation with this attack on J Powell that, they’re not able to really speak about it.”
“They are emotional. They feel that it’s beneath the White House, the President. They obviously are very concerned about tariffs and they all tried to put tariffs in motion, tried to figure out what to do but I was very haunted by the idea that, David, that they feel that maybe the country is not in the right place because they have a tremendous respect for J Powell. . .now, maybe, take the devil’s advocate, maybe if Powell cut rates, then perhaps the economy could accelerate. But I think they’re taken aback by the name calling.”
With markets being in a constant state of turmoil recently, it’s unsurprising that Cramer has commented on their performance quite a lot. In a previous appearance, he advised viewers to be optimistic. One major factor that’s driving stocks lower is investor perception of a weakening consumer. However, Cramer has pointed out multiple times that the consumer appears to be strong. For instance, earlier this month, he commented:
“I think that the agri-consumer, as long as they have jobs, yes. I don’t think they sit there and say, you know what, there’s coming tariff, I’m going to just disappear. Now you can see these numbers are pulled through. I don’t buy that.”
In another appearance, Cramer shared data from the latest earnings call of one of America’s largest card issuers and travel services providers to paint a bright picture of the consumer:
“Uh, I am talking about numbers which by the way include, and we’ve got first twelve days of this month. Steve Squeri going over things, you’re talking about, restaurant spending up 8%, lodging up 6%, goods up 7%, card membership, obviously more and more tremendous numbers have increased. 3.4 million. David, this is as good a quarter if you had to say anything, you would say that the consumer is on fire actually.”
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 22nd.
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. L3Harris Technologies, Inc. (NYSE:LHX)
Number of Hedge Fund Holders In Q4 2024: 48
L3Harris Technologies, Inc. (NYSE:LHX) is one of the biggest defense contractors in America. In his previous comments about the firm, Cramer has remarked that L3Harris Technologies, Inc. (NYSE:LHX) benefits from its technological strengths particularly as the Trump administration seeks to reduce government spending. The firm’s shares have gained a modest 4% year-to-date while some of its peers are either in the red or have gained less than a percentage point. Here are Cramer’s latest thoughts about L3Harris Technologies, Inc. (NYSE:LHX):
“L3Harris, I think you gotta buy there. Because L3Harris is, there’s a lot of that that is science and tech. And I like L3Harris. . .I think down here it’s a really good stock.”
9. Northrop Grumman Corporation (NYSE:NOC)
Number of Hedge Fund Holders In Q4 2024: 54
Northrop Grumman Corporation (NYSE:NOC) is another mega-American defense contractor known primarily for its bomber aircraft and missiles. Its shares are up by 0.99% year-to-date after a massive 12.7% drop in April after the firm’s latest earnings report. The results saw Northrop Grumman Corporation (NYSE:NOC) report a whopping 49% profit drop and reduce its full-year guidance as well. Here are Cramer’s thoughts on the latest report:
“But I do point out that Northrop Grumman, which I think is a very good company and by the way the street had gotten behind of late, Northrop Grumman is nothing short of catastrophic.”
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