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 discussed President Trump’s legislation and its impact on the US economy. While he believes that the bill will provide the rich with tax incentives, Cramer is also of the opinion that it will spur growth. He outlined:
“Well no, I’m saying, there are many provisions [in the bill] that are pro growth. But you have to believe in that growth. In order to think that this bill is good. Now go back to Larry Fink, okay. Larry Fink sat there, he said listen we can grow our way out of it. This is a very pro growth bill. However, at the same time, some people who feel that all that matters is interest on the national debt can’t like it.”
Cramer added:
“That’s why I say, I want to distinguish between, how well we’re gonna do right now during when the sausage is being made. And when the bill comes out. Because the bill is a good one. It does give rich people more. And I think that. . . the 1%, that is getting treated too well. But then I get hit by people who say well Cramer wants higher tax. I’m just saying, well stating fact.”
One of the hottest topics right now in the financial press is the impact of tariffs. Most of the debate surrounds a potential increase in inflation with some quarters also worrying that higher tariffs and a lower deficit could create trouble with deficit financing. On the topic of rates and business, Cramer sees “rates going higher” and believes “April was not a great month in this country for business.”
As for the tariffs and growth, here’s what he said:
“I believe it is pro growth. There are other things that have been done, including the tariffs that are not pro growth. But it does shake out, ultimately, that if you’re going to grow, to get out of this as opposed to cut. This gives you a chance at that growth.”
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 May 21st.
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).”
12. Cisco Systems, Inc. (NASDAQ:CSCO)
Number of Hedge Fund Holders In Q4 2024: 84
Cisco Systems, Inc. (NASDAQ:CSCO) is one of the biggest networking equipment providers in the world. The firm’s shares have gained 6.8% year-to-date after successfully navigating through a steep 14% drop in April after President Trump’s tariff announcements. Cisco Systems, Inc. (NASDAQ:CSCO)’s shares have gained 18.7% since the bottom as they have benefited from several catalysts. These include the firm’s fiscal third-quarter earnings report which sent the stock 4.9% higher as Cisco Systems, Inc. (NASDAQ:CSCO) raised its full-year revenue guidance to $56.5 billion – $56.7 billion from the earlier $56 billion – $56.5 billion and hiked profit-per-share estimates to $3.77 and $3.79 from an earlier $3.68 to $3.74. The firm’s revenue guidance also beat analyst estimates. Here’s what Cramer said about the firm:
“Cisco has some good things in Europe.”
Cramer previously commented about Cisco Systems, Inc. (NASDAQ:CSCO) in February. Back then, markets were still reeling from the shock of the DeepSeek selloff in January and investors were wondering whether AI stocks still held promise. Cramer commented on Cisco Systems, Inc. (NASDAQ:CSCO)’s deal with NVIDIA:
“People are talking about NVIDIA. And there is a nice deal this morning with Cisco. I think it’s actually much more important than people realize. Cisco’s the first to qualify. It’s going to be a real partnership. And that uh Chuck Robbins working closely with Jensen. But there is an overwhelming sense that this market keys on NVIDIA at a moment when we have no idea what the federal government’s gonna do to NVIDIA.”
11. Snowflake Inc. (NYSE:SNOW)
Number of Hedge Fund Holders In Q4 2024: 85
Snowflake Inc. (NYSE:SNOW) is a software-as-a-service (SaaS) company. Cramer frequently discusses the stock on his morning show, and he praised its industry as stocks sold off after President Trump’s tariff announcements in April. The CNBC host believes Snowflake Inc. (NYSE:SNOW)’s presence in the SaaS industry protects it from inflationary pressures and business disruptions due to the tariffs. Ahead of the firm’s fiscal first-quarter earnings report earlier this month, Cramer had been optimistic about its ability to deliver strong results. The optimism was warranted as Snowflake Inc. (NYSE:SNOW)’s $1.4 billion in revenue and 24 cents in adjusted earnings beat analyst estimates. Cramer praised the firm’s management:
“Tonight, I’ve got Snowflake, which is right now at the cusp of a breakout. That’s Ramaswamy, he’s done a really terrific job.”
Artisan Partners mentioned Snowflake Inc. (NYSE:SNOW) in its Q1 2025 investor letter. Here is what the firm said:
“During the quarter, we initiated new GardenSM positions in Baker Hughes, Snowflake Inc. (NYSE:SNOW) and Viking. Snowflake is a leading cloud data warehouse and analytics platform, benefiting from the ongoing shift away from on-premise infrastructure. Its cloud-native architecture enables greater scalability, faster performance and improved efficiency for businesses managing large data sets. We see upside as a new management team refines the company’s sales and marketing strategy, aligning it with the growing demand for tools that help organizations organize and analyze data. While competition bears watching, we believe Snowflake is well positioned to help its customers structure data to take advantage of increasingly powerful AI models.”