Jim Cramer Says “Hang On To Stocks” and Recommends 5 Stocks

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This article presents an overview of Jim Cramer Says “Hang On To Stocks” and Recommends 5 Stocks to Buy. For a detailed overview of such stocks, read our article, Jim Cramer Says “Hang On To Stocks” and Recommends 10 Stocks.

In addition to covering topics like Jim Cramer’s stock picks, at Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, artificial intelligence technology is on the cusp of earth-shattering breakthroughs, so we identified the cheapest AI stock that is trading at less than 5 times its market value excluding cash and investments with the potential to deliver 100x returns. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. You can subscribe to our free daily enewsletter by entering your email address below. Now, let’s take a look at the 5 stocks recommended by Jim Cramer.

5. Alphabet Inc Class C (NASDAQ:GOOG)

Number of Hedge Fund Investors: 166

Jim Cramer reminded investors his advice on Alphabet Inc Class C (NASDAQ:GOOG) where he said the stock should be bought on “any weakness.” Cramer said the latest dip in the stock price gave investors a chance to “pounce” as he praised Alphabet Inc Class C’s (NASDAQ:GOOG) various segments, including Google Cloud, YouTube, Search and AI

Palm Valley Capital Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its first quarter 2024 investor letter:

“Governments have various irons in the fire for curbing (commandeering?) the power of tech titans, with the European Union rolling out the Digital Markets Act, the Federal Trade Commission suing Amazon for illegally using monopoly power, and the DOJ lawsuit against Alphabet Inc. (NASDAQ:GOOG)’s advertising business going to trial in September.

Furthermore, the dominant technology enterprises are not immune from shooting themselves in the foot. Google’s botched launch of its AI model, Gemini, shows the risk of having too much money. You lose discipline. A Pirate Wires exposé into the firm’s culture revealed that employees went to extreme lengths to intentionally degrade the quality of the AI engine’s output for ideological reasons. Try that as a small business! See how far you make it…” (Click here to read the full text)

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