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.”
8. Lockheed Martin Corporation (NYSE:LMT)
Number of Hedge Fund Holders In Q4 2024: 65
Lockheed Martin Corporation (NYSE:LMT) is America’s premier defense contractor when it comes to air superiority as its fighter jets form the backbone of the US Air Force. However, the shares have lost 3.9% year-to-date due to worries about lower defense spending due to the Trump administration’s shifting approach to the Ukraine conflict and an overall aim to reduce government spending. Cramer believes Lockheed Martin Corporation (NYSE:LMT) is being led by stable hands:
“I think Lockheed Martin, you know Taiclet has been a good steward of things.”
7. Blackstone Inc. (NYSE:BX)
Number of Hedge Fund Holders In Q4 2024: 67
Blackstone Inc. (NYSE:BX) is a key player in the global asset management industry. The shares have lost 26.9% year-to-date as they suffer from a poor global macroeconomic outlook amidst trade tensions. The most recent dip came in April after the shares dropped by 7.8%. The dip occurred on the same day that reports surfaced of China cutting back on private equity investments in the US. As the dip occurred, here’s what Cramer commented about Blackstone Inc. (NYSE:BX):
“Was Jonathan Gray, his company, did they take a lot of Chinese money? I mean, Blackstone was crushed yesterday.”
“Jonathan Gray, is exposed, he’s the CEO, that much to China money.”
“Well I was hoping the answer would be, you know Jim, it’s not that much because I think the company’s a great company.”
6. McDonald’s Corporation (NYSE:MCD)
Number of Hedge Fund Holders In Q4 2024: 67
McDonald’s Corporation (NYSE:MCD) is an iconic American fast food chain. Cramer previously mentioned the stock at the start of this month as tariffs wreaked havoc on growth stocks and stocks with exposure to global supply chains. Back then, the CNBC host remarked that McDonald’s Corporation (NYSE:MCD) was a good stock to buy as a safe haven. Here are his latest comments about the firm:
“Okay, first of all, McDonald’s stock has done well this year. . .very rarely do you get this, but BTIG has this note that I just absolutely love. That said, our recent McDonald’s franchise checks conveyed a sharp inflection in April sales trends. More optimistic tone from operators. Minecraft promo helping to regain some big McDonald’s momentum. This is it David. This is what you’re looking for. You’re looking for a story, iron clad, no tariff, numbers look up, numbers are too low. Stock chart is good. There you go. I give you McDonald’s probably be up eight today.”
5. T-Mobile US, Inc. (NASDAQ:TMUS)
Number of Hedge Fund Holders In Q4 2024: 70
T-Mobile US, Inc. (NASDAQ:TMUS) is an American telecommunications carrier whose shares have 18% year-to-date. The stock has benefited from the fact that T-Mobile US, Inc. (NASDAQ:TMUS) has served as a safe haven for investors amidst global trade uncertainty due to the firm’s domestic exposure. In his previous comments, Cramer has wondered whether the firm’s CEO could be replaced. Here are his latest comments:
“Remember, T-Mobile you can still get a very good deal on T-Mobile phones. If you want to go in and get an Apple phone, I do suggest. that people recognize that you’ll probably be getting a Samsung phone, a year from now if a certain part of the White House has its way.”
4. Verizon Communications Inc. (NYSE:VZ)
Number of Hedge Fund Holders In Q4 2024: 74
Verizon Communications Inc. (NYSE:VZ) is a major American telecommunications carrier. The shares are up by 6% year-to-date as they have underperformed T-Mobile’s stock. In his comments about Verizon Communications Inc. (NYSE:VZ) in March, Cramer pointed out that the firm’s competitiveness was dropping and added that investors were fleeing into the stock amidst tariff-driven uncertainty. Here are his latest thoughts about Verizon Communications Inc. (NYSE:VZ):
“Because what’s gonna happen is Verizon is going to offer a deal on Samsung because there’s much better gross margin for them. And Samsung’s a good phone. . .we’re all gonna use it.”
3. 3M Company (NYSE:MMM)
Number of Hedge Fund Holders In Q4 2024: 79
3M Company (NYSE:MMM) is one of the biggest industrial conglomerates in America. It makes and sells safety, bonding, stationary, and a host of other products. 3M Company (NYSE:MMM)’s shares have gained 4.9% year-to-date after dropping by 14% in April amidst the massive selloff. Here are Cramer’s latest comments about 3M Company (NYSE:MMM):
“[On policies creating uncertainty leading businesses to consider worst case scenarios and cutting workforce to potentially trigger a recession] Absolutely. And I think that’s a very succinct way to put it. I think you go and you look at 3M and the stock’s doing well. And Carl, you say, okay what did 3M say? And 3M said, listen we’re doing well and the tariffs could be a headwind.”
“You know the earnings this year, they did point out, they thought it would be prudent to ‘hold the estimated impact of tariffs outside of our full year guidance.’ . . and what I really want to point out is, Will Brown, has come into this company and he has energized it. And I would get out of this man’s way. I would think he is on fire. And I really think it’s a great American company and he, maybe you could say that Mike Roman gave him a good hand. But I think if Will Brown’s taking this to another level, I think that this one could go up for a long time.”
2. RTX Corporation (NYSE:RTX)
Number of Hedge Fund Holders In Q4 2024: 80
RTX Corporation (NYSE:RTX) is a diversified American defense contractor that makes engines, missiles, satellites, and other products. Its shares are up by a modest 3.7% year-to-date as they sank by 9.8% after the firm’s latest earnings. The results saw RTX Corporation (NYSE:RTX) was blunt in its earnings as it declared that President Trump’s tariffs could reduce its 2025 earnings by a whopping $850 million. Cramer wondered whether the firm was too honest in its earnings:
“You go to RTX, really great company, and they say, look, we could have some demand destruction. On tariffs. And it’s like, ooh, wow, the number’s coming down. And uh level of what I regard as refreshing honesty is not as well received as I expect.”
“RTX said look there could be demand destruction. You are not allowed to say demand destruction. . .how could you say that? Don’t forget that RTX is really on the firing line because . . the government’s gonna pull all the support for Ukraine. Now it is true that I think Europe will go and buy the stuff from RTX. But I don’t think a lot of people understand that the United States has stopped buying the missiles for Ukraine. And that’s in part because I think there’s a new level of neutrality between the two countries.”
1. Goldman Sachs Group Inc. (NYSE:GS)
Number of Hedge Fund Holders In Q4 2024: 81
Goldman Sachs Group Inc. (NYSE:GS) is one of the biggest investment banks in the world. Its shares have lost 7.9% year-to-date primarily on the back of a 9% drop in early April. In his previous remarks about Goldman Sachs Group Inc. (NYSE:GS), Cramer commented that the firm’s latest quarter was great and added that its trading business could compensate for weaker deal-making impacting other businesses. Here are his latest thoughts:
“By the way, David Solomon’s quarter Carl was extraordinary. Because what it said is, look, we make a huge amount of money in volatility. And we also make a huge amount of money when things return to normal. And that was just a sensational call. And that kept the stock from being down only 10%.”
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