Jim Cramer, the host of Mad Money, said on Friday that as the market gets weighed down by tariff news, it is important to remember that stocks are holding up well.
“As the market gets weighed down by a flood of new tariff announcements, Dow slipping 279 points, S&P declining 0.33%, Nasdaq dipping 0.22%, we have to remember that stocks are holding up incredibly well versus what you might’ve expected a few months ago.”
READ ALSO: Jim Cramer’s Latest Thoughts on These 17 Stocks and 20 Stocks on Jim Cramer’s Radar.
Cramer pointed out that although the market appears quite overbought at these levels, something he is not fond of, what stands out is how minimal the damage has been in response to the latest wave of tariff threats. He attributed this market stability to a level of resilience that, in his view, comes largely from the continued strength of retail investors. Cramer noted that the individual investor remains remarkably steady, even in the face of increasingly aggressive rhetoric and tightening trade conditions that have become almost routine.
“The bottom line: Once we process the new tariffs, we’ve got a ton of earnings reports coming next week, so you better keep your eyes open.”
Our Methodology
For this article, we compiled a list of 15 stocks that were discussed by Jim Cramer during the episodes of Mad Money aired on July 11. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the first quarter of 2025, which was taken from Insider Monkey’s database of 1,000 hedge funds.
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).
Jim Cramer Shared Insights on 15 Stocks
15. The Charles Schwab Corporation (NYSE:SCHW)
Number of Hedge Fund Holders: 102
The Charles Schwab Corporation (NYSE:SCHW) is one of the stocks that Jim Cramer shared insights on. During the episode, Cramer recommended caution before investing in the stock after its recent run. He said:
“Finally, don’t say I didn’t tell you so, we’ve been championing Charles Schwab from the days when the doubters cast dispersions on the balance sheet. That was 25 points ago. They’ve been silent of late. But I think the short sellers like to come out and color the opening of trading when Schwab opens. I say be very careful before you do some buying.”
Charles Schwab (NYSE:SCHW) provides a broad range of financial services, including wealth management, brokerage, banking, and advisory solutions. Furthermore, the company offers trading platforms, investment products, retirement tools, and support for individual investors and financial advisors. Baron Asset Fund stated the following regarding The Charles Schwab Corporation (NYSE:SCHW) in its Q1 2025 investor letter:
“Strength in Financials came from specialty insurer Arch Capital Group Ltd. and brokerage firm The Charles Schwab Corporation (NYSE:SCHW). Schwab’s shares outperformed for a second consecutive quarter, helped by an improved earnings outlook. After reaching trough levels last year, Schwab’s cash balances continued to trend higher during the quarter. Investors believe Schwab will use these balances to pay down higher cost borrowings, which should drive net interest income and earnings higher.”
14. 3M Company (NYSE:MMM)
Number of Hedge Fund Holders: 69
3M Company (NYSE:MMM) is one of the stocks that Jim Cramer shared insights on. During the episode, Cramer shared his thoughts on the stock, which were quite bullish, as he stated:
“Now the industrials have been on fire. The part of this broadened out bull market and one of my absolute favorites is 3M, which is beginning to remind me of the old 3M, where the question was simply how big the beat will be. CEO Bill Brown is crushing it, and this one’s been greeted with buying both before and after the conference call.”
3M (NYSE:MMM) provides a wide range of products and technologies across industries, including safety, industrial manufacturing, electronics, transportation, and consumer goods. The company’s products range from adhesives and abrasives to healthcare products, home supplies, and electronic materials. During an April episode of Squawk on the Street, Cramer remarked:
“I think that 3M the other day, is back. They’ve got that company together. . . .these companies have all kind of said, you know we’re not hurt that much by tariffs. We’re doing pretty well. And then you start getting a narrative which says maybe no recession.”
13. American Express Company (NYSE:AXP)
Number of Hedge Fund Holders: 75
American Express Company (NYSE:AXP) is one of the stocks that Jim Cramer shared insights on. Cramer noted that the stock usually falls off after earnings. He commented:
“Then on Friday, there’s American Express, which is another stock that tends to sell off when it reports, no matter how good the numbers are. That’s why I always tell you to wait until the selling subsides if you want in this time… I don’t know what they’re thinking about, the sellers… They’ve been wrong for 150 points. Look at that stock. Listen to the call.
This company has a unique beloved product that young people cherish. What’s not to like? Steve Squeri, CEO, one of the great ones, well, he’ll have a terrific call and he will, you know what, he will tell us about why American Express card has now become not a product of a different era, our parents’ era, but a product of everyone. Everyone wants the thing. It’s prized. That stock’s going higher.”
American Express (NYSE:AXP) provides credit cards, banking, payment solutions, and travel services to consumers and businesses. The company also offers merchant services, loyalty programs, fraud prevention, and expense management tools.
12. Netflix, Inc. (NASDAQ:NFLX)
Number of Hedge Fund Holders: 150
Netflix, Inc. (NASDAQ:NFLX) is one of the stocks that Jim Cramer shared insights on. During the episode, Cramer emphasized the company’s need to post good earnings. He remarked:
“After the close, we’re treated to the most delightful of conference calls, Netflix. First thing, I have a dearth of things to watch right now. It’s really starting to bug me. So I’m going to be listening to the conference call in part because they talk about all the great overseas programming. I get some terrific ideas of what to watch when I get home that night. The bar is very high for Netflix, though, which will have to tell us how their ad tier is going, how Squid Game did, and how NFL Christmas streaming football advertising’s looking.
If Netflix doesn’t deliver an outstanding number, though, I gotta tell you, there’ll be an awful lot of downside. We have so many price target boosts, even two today. I’d be a little nervous, even as I expect a good quarter.”
Netflix (NASDAQ:NFLX) provides streaming entertainment, including TV series, films, documentaries, and games across multiple genres and languages.
11. PepsiCo, Inc. (NASDAQ:PEP)
Number of Hedge Fund Holders: 71
PepsiCo, Inc. (NASDAQ:PEP) is one of the stocks that Jim Cramer shared insights on. Cramer discussed the stock’s valuation during the episode, as he said:
“If you want to know a stock that’s too cheap relative to its growth rate, but nobody talks about it anymore, why don’t you check out the stock of PepsiCo? It trades at a stunningly low 17 times earnings. I mean, what gives? Well, how about GLP-1 drugs? How about RFK Junior at Health and Human Services, who despises junk food even as he seems to embrace junk science? How about the desire to stay healthy? All these have weighed on PepsiCo stock. Of course, don’t forget they own Frito-Lay. Maybe it’s finally overdone. I don’t know it. It’s a tough industry all of a sudden.”
PepsiCo (NASDAQ:PEP) produces and sells a wide range of beverages and packaged foods, including snacks, cereals, dairy products, and soft drinks. The company’s portfolio features well-known brands like Lay’s, Gatorade, Quaker, and Pepsi.
10. Abbott Laboratories (NYSE:ABT)
Number of Hedge Fund Holders: 70
Abbott Laboratories (NYSE:ABT) is one of the stocks that Jim Cramer shared insights on. While discussing the stock, Cramer recommended patience, as he commented:
“Then one of my absolute favorite companies, medical device maker, Abbott Labs reports. And you know, I always like to tell you which companies tend to be misinterpreted in a negative way during the earnings season. Abbott’s a textbook example. It bothers me, but there are always sellers who claim to be disappointed. So, if you don’t own any Abbott, may I suggest that you wait to see the numbers, wait for the stock’s opening, wait for the sellers to appear. Patience is a virtue with ABT.”
Abbott Laboratories (NYSE:ABT) develops and sells healthcare products, including pharmaceuticals, diagnostics, medical devices, and nutritional items. The company’s products address conditions in areas like cardiovascular health, diabetes, infectious diseases, and chronic pain management. During a May episode, Cramer mentioned the stock and said:
“Okay, their forward PE shows that there’s going to be a, pretty much of an earnings explosion. And I think a lot of that’s going to be coming from Libre, which is their diabetes, they have the best diabetes device. It’s cheaper than everybody’s.
By the way, I think pound for pound, it’s better than Dexcom, and Dexcom stock was up very big today. Also, remember, Robert Ford runs Abbott, and he runs it incredibly well. And I also think they’re going to settle these lawsuits or win the lawsuits that have really kept the lid on the stock, and that’s going to happen in 2025.”
9. Johnson & Johnson (NYSE:JNJ)
Number of Hedge Fund Holders: 91
Johnson & Johnson (NYSE:JNJ) is one of the stocks that Jim Cramer shared insights on. Cramer discussed the company stock in light of its talc lawsuit. He said:
“Johnson & Johnson kicks off pharma earnings season on Wednesday, and I think once again, the company will not be rewarded for its consistency or its originality because there’s still the sort of the talc lawsuits hanging over it. I don’t mind JNJ fighting the plaintiff’s part, but it sure puts a damper on the stock.”
Johnson & Johnson (NYSE:JNJ) develops and sells a wide range of healthcare products, including prescription medicines for various diseases and medical devices for surgical, cardiovascular, orthopedic, and vision care, and more. Cramer discussed the company’s lawsuit in a May episode as well, as he commented:
“Or let’s consider Johnson & Johnson, triple A balance sheet, many drugs in the pipeline, one of the best-run companies in America, if not the world, with perhaps the most billion-dollar franchises of any pharmaceutical company I know, but JNJ only yields 3.55%, and it’s got this terrible legal overhang related to allegations that its talcum powder, no longer in the market, caused ovarian cancer. We don’t know how open-ended the claims are. Can you tolerate that risk? I’d love to say just go buy JNJ, but where? What price? That yield is no longer enough to compensate you for the risk, especially if you don’t know if RFK Jr dislikes some of their drug delivery mechanisms and formulas, so people are staying away from that, too, not just because of the bonds. JNJ… 3.3%.”
8. Bank of America Corporation (NYSE:BAC)
Number of Hedge Fund Holders: 117
Bank of America Corporation (NYSE:BAC) is one of the stocks that Jim Cramer shared insights on. Cramer shared his bullish sentiment around the stock despite the recent selling by Berkshire Hathaway. He noted:
“Let me ask you something. Why is Bank of America stock still just selling at 13 times earnings? The franchise has been putting up consistently terrific earnings. Brian Moynihan’s doing a great job. I think the stock’s cheap because of the relentless selling from Berkshire Hathaway. One day, Berkshire will finish selling, and when that happens, you’ll be paying a much higher price-to-earnings multiple for this fine bag. My advice: Don’t wait for them to finish. There’ll be a good quarter.”
Bank of America (NYSE:BAC) provides financial services, including consumer banking, wealth management, commercial lending, and investment banking. Additionally, the company offers trading, treasury, and risk management solutions for individuals, businesses, and institutions. On July 2, while discussing the major bank stocks, Cramer mentioned the stock. He remarked:
“Bank of America announced a 7.7% dividend increase and now it’s got a 2.3% yield… Bank of America and Wells Fargo are the next cheapest, but they both trade at a little less than 2 times tangible book value, a huge premium to Citi… And look, when you judge the bank stocks on a price-to-earnings basis, you get a similar story… Bank of America and Wells Fargo, 13 and 14 times earnings, respectively… The weakest Bank of America, still up nearly 11% for the year…
Still, with the banks featuring discount multiples compared to the overall market, you know what, I’m not so sure that the good times… necessarily have to end for this group. I think they can continue moving higher. The bottom line: In this environment, I bet the big banks are some of the best investments this year, yet still very inexpensive, at least on earnings versus the rest of the market, have more room to run, maybe much more.”
7. ASML Holding N.V. (NASDAQ:ASML)
Number of Hedge Fund Holders: 80
ASML Holding N.V. (NASDAQ:ASML) is one of the stocks that Jim Cramer shared insights on. Cramer mentioned the stock while discussing the performance of semiconductor stocks.
“Next, we know the semiconductors have become the hottest group in the market, as the torch has been passed from software to hardware. Will that extend ASML, the Dutch semiconductor capital equipment company with an effective monopoly on its stage of the supply chain? We could be in for another round of semi buying if the numbers from this one are good.”
ASML (NASDAQ:ASML) develops and supplies advanced lithography systems, metrology tools, and software solutions used in semiconductor manufacturing. The company’s technologies enable chipmakers to produce highly precise and complex integrated circuits. During a May episode, when a caller inquired about the company stock, Cramer responded:
“No…. The last couple quarters have been weak, I’ve gotta tell you. By the way, Applied Materials reported a quarter that some people didn’t like tonight. If you want to be in that industry, you have to buy Lam Research. That’s the best one.”
6. Morgan Stanley (NYSE:MS)
Number of Hedge Fund Holders: 68
Morgan Stanley (NYSE:MS) is one of the stocks that Jim Cramer shared insights on. Cramer mentioned the stock under his game plan, as he said:
“Wednesday, we hear from the two big investment banks… Goldman Sachs and Morgan Stanley. I think both will have terrific numbers and even better stories now that the mergers and acquisition business has exploded in the IPO markets, warm, bordering on hot. What a change from even two months ago. And these two companies are going to reap outsized benefits.”
Morgan Stanley (NYSE:MS) provides financial services, including investment banking, wealth and asset management, trading, lending, and advisory solutions for individuals, institutions, and governments. Nightview Capital stated the following regarding Morgan Stanley (NYSE:MS) in its Q4 2024 investor letter:
“Finance is transforming. Technology is democratizing access, reshaping wealth management, and enabling entirely new models of investing. From algorithmic trading to digital-first advisory platforms, the sector is evolving rapidly. Investors demand smarter, more sustainable options. The potential is significant, and we are focused on companies shaping how people save, invest, and transact in the years to come.
Morgan Stanley (NYSE:MS): Core Opportunity: Morgan Stanley’s diversified business model supports robust growth across investment banking, wealth management, and investment management.
Key Highlights: Investment Banking Momentum: Revenues rose 55% YoY in Q3 to $1.5 billion, driven by market recovery and large public offerings.
Wealth Management Leadership: Record revenues of $7.2 billion, with total fee-based assets reaching $2.3 trillion.
AI Integration: Cutting-edge partnerships enhance advisor productivity and deepen client relationships.
Investment Case: Morgan Stanley offers a compelling blend of growth and resilience, with strong revenue diversification and a dominant wealth management franchise. Its forward P/E of ~14x suggests attractive valuation upside.”
5. The Goldman Sachs Group, Inc. (NYSE:GS)
Number of Hedge Fund Holders: 77
The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks that Jim Cramer shared insights on. Cramer mentioned that he likes the stock, and the Charitable Trust owns it, as he commented:
“Wednesday, we hear from the two big investment banks… Goldman Sachs and Morgan Stanley. I think both will have terrific numbers and even better stories now that the mergers and acquisition business has exploded in the IPO markets, warm, bordering on hot. What a change from even two months ago. And these two companies are going to reap outsized benefits. You know, I like them both. My Charitable Trust owns Goldman Sachs, my alma mater, from the 80s.”
Goldman Sachs (NYSE:GS) provides financial advisory, investment management, lending, trading, and banking services across asset classes. The company also offers credit cards, transaction banking, and wealth planning for corporate and individual clients. On July 2, Cramer discussed the stock in detail, as he said:
“Goldman Sachs, which we own for the Charitable Trust… let’s just say it’s had a smaller dividend payout than its peers for a long time, but also just announced a major 33% dividend boost. Now, even after that, the stock only yields 2.23%, but that is no longer chintzy… Goldman trades at 2.22 times book value… Goldman Sachs, JPMorgan, and Morgan Stanley have the most valuable franchises… Morgan Stanley and Goldman are two tremendous investment banks…
And look, when you judge the bank stocks on a price to earnings basis, you get a similar story… Goldman Sachs, JPMorgan, and Morgan Stanley are once again on the more expensive side, all selling for roughly 16 times earnings. To put that in perspective, though, the overall S&P 500 currently trades at close to 24 times this year’s earnings estimates. So, wow, these are outta whack. I would say they’re cheap… The strongest, Cramer fave, and former employer, Goldman Sachs, has rallied 25% [for the year]…
Still, with the banks featuring discount multiples compared to the overall market, you know what, I’m not so sure that the good times… necessarily have to end for this group. I think they can continue moving higher. The bottom line: In this environment, I bet the big banks are some of the best investments this year, yet still very inexpensive, at least on earnings versus the rest of the market, have more room to run, maybe much more. As for which ones you should own, well, that’s a personal choice. I’m very happy with Goldman Sachs and Wells Fargo. We own those for the Charitable Trust.”
4. BlackRock, Inc. (NYSE:BLK)
Number of Hedge Fund Holders: 67
BlackRock, Inc. (NYSE:BLK) is one of the stocks that Jim Cramer shared insights on. Cramer called it the “most exciting story,” as he said:
“Yet, you know what the most exciting story might be? I think it might be BlackRock. Yes, the stock that caught fire recently, even after many investors had lost faith in it. That never made sense to me. BlackRock’s the largest asset repository in the world and has a new infrastructure component that I sure wish I could get a piece of, but it’s only for 401Ks. I bet CEO Larry Fink will tell a very positive story, more than justifying the stock’s recent breakout.”
BlackRock, Inc. (NYSE:BLK) is an investment management company that provides a wide range of equity, fixed income, multi-asset, real estate, and alternative investment solutions to institutional and individual clients. The firm also provides risk management and advisory services globally. A couple of months ago, Cramer made the following comments on the firm:
“Yeah, I think so. Look, we own it for the Charitable Trust. Candidly, we’re down on it, and I don’t like that when we’re down on the stock, but we are. The stock has declined far more than I thought it would on what was a decent quarter. I agree with you, and I think it should be bought. That said, I’ve been wrong, but I think it should be bought in the long term. I think it’ll be a great position.”
3. Citigroup Inc. (NYSE:C)
Number of Hedge Fund Holders: 96
Citigroup Inc. (NYSE:C) is one of the stocks that Jim Cramer shared insights on. While discussing the company during the episode, Cramer noted:
“One thing’s for certain, it doesn’t matter what CEO Jane Fraser says at Citigroup, everyone’s going to raise price targets and praise the bank anyway.”
Citigroup (NYSE:C) delivers financial products and services, including investment banking, trading, wealth and personal banking, treasury and securities solutions, serving institutional, corporate, government, and consumer clients across global markets. During an April episode, when a caller inquired about the company stock, Cramer recommended buying despite Citigroup (NYSE:C) not being his favorite stock.
“I want you to buy Citi. It’s not my favorite. You’re absolutely right. I sold Wells, just one more consent decree knocked down. Capital One is my absolute favorite. I think you should buy that aggressively, but I like your idea.”
2. Wells Fargo & Company (NYSE:WFC)
Number of Hedge Fund Holders: 88
Wells Fargo & Company (NYSE:WFC) is one of the stocks that Jim Cramer shared insights on. Coming to the company as part of his game plan for the week, Cramer commented:
“I care tremendously actually about Charitable Trust holding Wells Fargo. Now that their asset cap problems are behind them, who knows how high CEO Charlie Scharf can take an unfettered Wells?”
Wells Fargo (NYSE:WFC) provides banking, investment, lending, and financial services to individual, commercial, and institutional clients, including personal banking, credit, wealth management, and corporate finance solutions. On July 7, Cramer discussed the stock in light of the recent downgrade by Raymond James.
“Finally, Raymond James downgraded Wells Fargo, another Charitable Trust name, with a very dismissive, ‘downgrading to Market Perform.’ This is a Strong Buy to Market Perform. Wow. Favorable fundamentals reflect in valuation. Now, the analysts going from Strong Buy to Hold, two markdowns, you think something’s wrong, right? No, they just think the upside’s baked into the share price. I think it’s crazy. First, Wells Fargo is priced like almost any other bank stock, so it’s not like there’s a premium valuation. Second, these guys just got outta the penalty box when the Fed lifted its longstanding asset cap, allowing Wells to do more lending. Third, the bank stocks have become leaders here, and this is one of them. How the heck will this analyst get back on? I don’t think he can…
Some stocks deserve the benefit of the doubt. With Netflix, CrowdStrike, and Wells Fargo, you’re buying into franchises with excellent bona fides and very smart CEOs. I’d much rather stick with these winners than sell them on valuation worries. I just don’t think you’ll be able to get back into such high-quality stocks at an easy-to-find lower level.”
1. JPMorgan Chase & Co. (NYSE:JPM)
Number of Hedge Fund Holders: 129
JPMorgan Chase & Co. (NYSE:JPM) is one of the stocks that Jim Cramer shared insights on. During the episode, Cramer called the company and its CEO “the star of the show,” as he commented:
“Tuesday, it starts, and are you ready for it, earnings season in full swing with the financials starting things off as always. Hey, they were terrific last time around, but the economy’s got a little weaker since, so we’re going to have to hear if there’s any pickup in loan losses or slowdown in spending. The star of the show is always JPMorgan and its Jamie Dimon, the CEO, been there since 2006 now.”
JPMorgan (NYSE:JPM) provides financial services including consumer banking, credit, investment banking, asset management, and wealth management solutions for individuals, businesses, and institutions. On July 2, Cramer discussed the stock in detail. He remarked:
“The big dog in the banking sector, JPMorgan, announced a 7.1% dividend boost that gives the stock a 2.05% yield here. That is the lowest of the group. But JPMorgan also announced a massive $50 billion buyback, and that would shrink the share count by about 6% at these levels… JPMorgan trades at 2.91 times book value… Goldman Sachs, JPMorgan, and Morgan Stanley have the most valuable franchises…
JPMorgan’s widely seen as the best-run bank in the world… And look, when you judge the bank stocks on a price-to-earnings basis, you get a similar story… Goldman Sachs, JPMorgan, and Morgan Stanley are once again on the more expensive side, all selling for roughly 16 times earnings. To put that in perspective, though, the overall S&P 500 currently trades at close to 24 times this year’s earnings estimates. So, wow, these are outta whack. I would say they’re cheap…
Now, when you consider the banks’ expected earnings growth, it doesn’t seem to have much of an impact on these valuations… JPMorgan’s one of the most expensive banks, but it’s on track to grow at a mere 2% clip this year. Why? At least right now, investors are less concerned about the year-to-year changes in earnings power. They’re more concerned about the long-term durability of these earnings. Basically, some banks are trusted more than others, and the trusted ones get the higher valuation…
Still, with the banks featuring discount multiples compared to the overall market, you know what, I’m not so sure that the good times… necessarily have to end for this group. I think they can continue moving higher. The bottom line: In this environment, I bet the big banks are some of the best investments this year, yet still very inexpensive, at least on earnings versus the rest of the market, have more room to run, maybe much more.”
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