On Wednesday’s episode of Mad Money, host Jim Cramer addressed a familiar narrative that often resurfaces during strong market runs, a narrative that he says leads investors to make poor decisions. He warned viewers about being swayed by what he called “moronic stuff” that causes people to sell out of top-performing stocks.
“It’s starting up again. You know the litany: the market’s too concentrated, gains just in a handful of stocks. The whole thing’s a house of a card, so sell. That was the story yesterday, and we heard it again this very morning, even as the averages opened lower and then rallied through the day.”
READ ALSO: Jim Cramer Answered Questions About These 10 Stocks Recently and Jim Cramer Put These 7 Stocks Under a Microscope.
The Dow Jones Industrial Average closed down 25 points. Meanwhile, the S&P 500 gained 0.51%, and the Nasdaq rose by 1.02%. Cramer argued that every time these concentration worries resurface, investors panic and sell shares in companies that are actually performing exceptionally well.
He described the behavior as self-defeating, especially when it causes people to exit positions in what he called “the best stocks in the world.” Cramer pointed to Wednesday’s standout performances by two of the most closely watched tech giants. Google’s parent company’s shares jumped 9%, setting a new record high. He added:
“Apple stock jumped almost 4%. I caught the latter for the trust, but I missed the 9% Alphabet gain. Why did I miss it? Because of the dangerous concentration that all these really smart people told me was going to be dangerous when it wasn’t dangerous at all. It was just lucrative.”
Our Methodology
For this article, we compiled a list of 10 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on September 3. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the second quarter of 2025, which was taken from Insider Monkey’s database of over 900 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 Shed Light on These 10 Stocks Recently
10. Eaton Corporation plc (NYSE:ETN)
Number of Hedge Fund Holders: 74
Eaton Corporation plc (NYSE:ETN) is one of the stocks that Jim Cramer recently shed light on. Inquiring about the stock, a caller expressed that they have been thinking about adding to their position. In response, Cramer said:
“I think you should. Now, my Charitable Trust owns it. We talk about it a lot for, we think it is just a terrific stock, and club members know we like it. By the way, I just, I think Vertiv’s a good company too. I just am not recommending that one right now.”
Eaton Corporation plc (NYSE:ETN) delivers power management solutions through electrical, aerospace, vehicle, and eMobility systems. The company’s products improve efficiency, safety, and reliability for industrial, commercial, and transportation applications. Cramer talked about the stock in a July episode, as he commented:
“We saw Eaton and Parker-Hannifin. If you’re from the Midwest, these are destination places… but those are a function of strong data center orders that came from lead contractors ABB and Legrand, two European construction companies that just reported that are huge builders of these warehouses full of servers. There’s no doubt that the data center buildout is the single biggest construction boom, perhaps since World War II. You can see it if you look at Oracle every day, by the way. I like the buildout. There are many many orders coming to them. I keep telling you these stocks are good… Eaton jumped more than $17 or nearly 5% as investing club holders know. That Eaton move turned my earnings season around because it’s a core position in my Charitable Trust.”
9. PJT Partners Inc. (NYSE:PJT)
Number of Hedge Fund Holders: 16
PJT Partners Inc. (NYSE:PJT) is one of the stocks that Jim Cramer recently shed light on. When a caller asked Cramer’s thoughts on the company during the lightning round, he said:
“You know, we don’t really know what they own inside, you know, it’s like some sort of crazy, it’s a service thing that I don’t really understand. It’s a, just buy Goldman Sachs.”
PJT Partners Inc. (NYSE:PJT) is an investment bank that provides strategic, shareholder, capital markets, and restructuring advisory services. The firm advises on M&A, financings, governance, fundraising, and complex investor and geopolitical matters. Carillon Tower Advisers stated the following regarding PJT Partners Inc. (NYSE:PJT) in its Q4 2024 investor letter:
“PJT Partners Inc. (NYSE:PJT) is a global advisory-focused boutique investment bank. The stock performed well, driven by solid quarterly earnings and an upbeat outlook for 2025. Election results also aided the stock as M&A is expected to pick up under the new administration.”
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