On Thursday, Jim Cramer, host of Mad Money, addressed the recent decline in tech stocks and mentioned that the drop might not last long.
“We keep wondering, what would it take to make people start focusing on all the other stocks in what I call the real economy, instead of just speculative stocks in the AI data center stocks? Well, today we found out. You need to see a big tech company screw up and then get slaughtered.”
READ ALSO: Jim Cramer Recently Discussed These 14 Stocks and Jim Cramer Recently Talked About These 20 Stocks.
Cramer highlighted the reaction to Mark Zuckerberg’s company, which Wall Street viewed as excessively spending on data center hardware. He added, “So shocked that it made people sour on the entire group for at least 24 hours.” He emphasized that the ripple effect was concerning. Furthermore, he noted that many investors might be wondering if it is time to give tech up. His answer was, “No, not at all. It doesn’t work like that. Money can fly [and] flow right back in easily.”
“The bottom line: Today, people focused on the real economy, and again, Meta stock got obliterated. But after these two terrific, no, I should say after Apple’s good quarter and fabulous guidance and Amazon’s great quarter and great guidance, I wouldn’t be surprised if the money comes right back into tech. Yeah, tech will be back in the saddle tomorrow. But wasn’t it great to have a day when the real economy did okay?”
Our Methodology
For this article, we compiled a list of 16 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on October 30. 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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
Jim Cramer Spoke About These 16 Stocks Recently
16. Starbucks Corporation (NASDAQ:SBUX)
Number of Hedge Fund Holders: 66
Starbucks Corporation (NASDAQ:SBUX) is one of the stocks Jim Cramer spoke about recently. Cramer mentioned his discussion with the company CEO, as he commented:
“Starbucks, now under Brian Niccol, we’re slightly more than a year into his tenure, and after some fits and starts, this morning on Squawk on the Street, he told me that he’s finally ahead of plan… How’s Brian doing it? He’s doing it the Niccol way, taking care of service first. He’s got the scale. He’s got the biggest chain. He’s got the biggest drive-through, the biggest delivery. He just needed to staff all these businesses correctly… Throughput, he explained to me once, is the name of the game. You get that right, it can all come together… I wanted to come out here with something conclusive, conclusively positive about Starbucks. I simply didn’t have the confidence to truly stick my neck out… But now, with the Chinese business about to get a big partner and with cadence improving at the stores, I think it’s all coming together. Few believe the environment’s gotten tougher. Many restaurant chains have disappointed. So the turn of Starbucks is being overlooked. I’m betting that won’t last for long… What are you waiting for? It’s time to buy the stock of Starbucks.”
Starbucks Corporation (NASDAQ:SBUX) sells coffee, tea, and food products. The company operates through brands, including Starbucks Coffee, Teavana, and Seattle’s Best Coffee.
15. Chipotle Mexican Grill, Inc. (NYSE:CMG)
Number of Hedge Fund Holders: 68
Chipotle Mexican Grill, Inc. (NYSE:CMG) is one of the stocks Jim Cramer spoke about recently. Cramer discussed the role of Brian Niccol when he was the CEO of the company. He said:
“Consider the case of Chipotle, which admittedly needs another turnaround after today’s beatdown. But I’m talking about the old Chipotle. This company fell on hard times in 2015… Chipotle brought in Brian Niccol, a rising star from Taco Bell… Installing him as CEO at the time, I don’t know, I was skeptical, putting someone in who helped push a burrito with 80 ingredients versus one with just eight, I mean, really? Was he the right guy? Well, the answer was absolutely, you bet it was. About a year later, the ship was completely righted, and the stock rallied all the way to $56. That’s right. $5 when he came in to $56 when Starbucks poached him last year.”
Chipotle Mexican Grill, Inc. (NYSE:CMG) owns restaurants that provide burritos, bowls, tacos, salads, and related menu items.
14. Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)
Number of Hedge Fund Holders: 32
Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) is one of the stocks Jim Cramer spoke about recently. Answering a caller’s query regarding the stock, Cramer remarked:
“Ah, man, I’m a member of Ollie’s army. Never go to one of the army members and think that he’ll doubt Ollie’s [buy, buy, buy].”
Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) sells discounted closeout and excess inventory across home goods, food, toys, electronics, and more. Some of the company’s brands include Ollie’s, Good Stuff Cheap, American Way, Sarasota Breeze, and Real Brands Real Bargains. During the April 2 episode, a caller asked whether they should buy, sell, or hold the company’s stock, and Cramer replied:
“Oh, you want to buy Ollie’s? That is a closeout operation. I’m a member of Ollie’s army. I know this stock is up. It should be up. It’s right near its high. It belongs near its high. It’s a winner in this environment, especially after tonight.”
Since the above comment, Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) stock is up 3%.
13. Arcos Dorados Holdings Inc. (NYSE:ARCO)
Number of Hedge Fund Holders: 15
Arcos Dorados Holdings Inc. (NYSE:ARCO) is one of the stocks Jim Cramer spoke about recently. During the lightning round, a caller asked if the stock is a buy, and Cramer replied:
“No, no, I mean you just own McDonald’s. That’s my key, that’s my, I happen to like McDonald’s by the way, the stock and the burger.”
Arcos Dorados Holdings Inc. (NYSE:ARCO) is the exclusive franchisee of McDonald’s restaurants across 20 Latin American and Caribbean countries and territories. Over the last 12 months, the company’s stock has been down around 17% while MCD stock has been up more than 2% over the same period.
12. USA Rare Earth, Inc. (NASDAQ:USAR)
Number of Hedge Fund Holders: 13
USA Rare Earth, Inc. (NASDAQ:USAR) is one of the stocks Jim Cramer spoke about recently. A caller asked if the stock is a buy or “just an ill-fated trade”. Here’s what Mad Money’s host had to say in response:
“I’m going to say that you have to stay away for now. I mean, one of the things that you needed was that kind of mojo that came from the shortage. If we work out a longer-term deal with rare earth, it’s not, it’s not going to rebound very well for USA Rare Earth, which is losing a fortune.”
USA Rare Earth, Inc. (NASDAQ:USAR) focuses on mining, processing, and supplying rare earth elements and critical minerals such as neodymium, lithium, and gallium. A caller asked about the stock during the lightning round of the October 6 episode, and Cramer responded:
“Okay, now we did a piece last week on rare earth companies, and we said that they’re all speculative, but we recognize that the president, at any given moment, could take a stake. I am going to say that this fits that pattern, and we are not going to fight you to take it. Now, it’s not like I’m just saying you can buy any one of these. I am saying that there’s White House talk, Trump stake, that’s what we’re concerned about. You can play that. Remember, that’s what you’re doing. You’re not playing the earnings… You know there aren’t any.”
11. Centrus Energy Corp. (NYSE:LEU)
Number of Hedge Fund Holders: 27
Centrus Energy Corp. (NYSE:LEU) is one of the stocks Jim Cramer spoke about recently. When a caller asked about the stock during the lightning round, Cramer said:
“Oh, look, that, it’s a good company. I mean, look, it did have that nice pullback, which is what I wanted to see because it was just parabolic. I think you’re fine in it. It’s not, look, after what I saw with American Electric Power, it’s not crazy expensive.”
Centrus Energy Corp. (NYSE:LEU) provides nuclear fuel components and enriched uranium products to nuclear power utilities. During the September 15 episode, a caller inquired about the stock, and Cramer replied:
“Okay, now this is a good example like Oklo. Okay, I am a big believer in nuclear power. This is a company that, it supplies low-enriched uranium, and that means it’s going higher. And now do I want it? All I can tell you is I’m not fighting it, okay? I’ve fought all these speculative stocks. This is really not even that speculative. It’s got a lot of money. I think it’s a good stock.”
10. Logitech International S.A. (NASDAQ:LOGI)
Number of Hedge Fund Holders: 25
Logitech International S.A. (NASDAQ:LOGI) is one of the stocks Jim Cramer spoke about recently. Cramer discussed the stock’s performance through the year, as he remarked:
“Let’s talk about the incredible move in the stock of Logitech International. Walk into any office, there’s a pretty good chance you’re going to see an ocean of Logitech keyboards, mice, webcams. Here’s a stock that’s now up more than 46% year to date, including a 2% gain yesterday, another 4% gain today. Now, that’s because Logitech reported on Tuesday night a 25-cent earnings beat off a $1.20 basis with higher-than-expected sales and management raising its guidance for the holidays. The company was able to offset the damage from the tariffs in the quarter, and they expect they can do it again, even though a lot of this merchandise does come from Southeast Asia, some from China, it’s been hit hard. Now, could this one even have more room to run? Something’s going on here that’s very positive.”
Logitech International S.A. (NASDAQ:LOGI) designs hardware and software products for work, creation, and gaming, including mice, keyboards, webcams, headsets, and speakers.
9. Shake Shack Inc. (NYSE:SHAK)
Number of Hedge Fund Holders: 34
Shake Shack Inc. (NYSE:SHAK) is one of the stocks Jim Cramer spoke about recently. Cramer discussed the stock’s earnings during the episode and commented:
“Is the Shack back? Over the past few months, we’ve seen some big pullbacks in the restaurant space, including high-quality operators like Shake Shack, which you know I love. When these guys reported at the end of July, results were a little less than perfect, and the stock plunged from $140 and change to just under $90 as of last night’s close. But this morning, Shake Shack reported a solid quarter with better-than-expected same shack sales, a solid revenue beat, and a 5-cent earnings beat off a 31-cent basis. That’s huge. While the guidance for the current quarter wasn’t necessarily perfect, it was good enough to let the stock rally almost 2% today in a restaurant chain group that is just awful.”
Shake Shack Inc. (NYSE:SHAK) operates and licenses a chain of restaurants that serve burgers, chicken, hot dogs, fries, shakes, frozen custard, and beverages.
8. Reddit, Inc. (NYSE:RDDT)
Number of Hedge Fund Holders: 74
Reddit, Inc. (NYSE:RDDT) is one of the stocks Jim Cramer spoke about recently. Cramer showed quite a bullish sentiment toward the stock, as he stated:
“Look at these numbers from Reddit, the online message board that’s become a major force in digital advertising and a stock that I say is one of the 10 best maybe for the next generation. This stock’s been roaring for months, although it got hit hard today. It was down nearly 8%. I think it was the gravitational pull of Meta, like I talked about at the top of the show, even though Reddit has nothing to do with excessive data center spending. And tonight, after the close, this company reported just a monster good quarter with beats on every single key line, including 68% revenue growth… Reddit guidance for the current quarter was much higher than expected, and it’s still such a bargain for advertisers. I think this growth story, as I say in the book, is still in its early innings.”
Reddit, Inc. (NYSE:RDDT) operates an online platform that hosts user-driven communities centered on shared interests, enabling discussions, content sharing, and social interaction.
7. The Goodyear Tire & Rubber Company (NASDAQ:GT)
Number of Hedge Fund Holders: 38
The Goodyear Tire & Rubber Company (NASDAQ:GT) is one of the stocks Jim Cramer spoke about recently. A caller asked for Cramer’s take on the stock during the episode, and he replied:
“No, you know… No, no, I mean, let’s stick with Deere. No, I mean that’s just a really hard business. It doesn’t even seem to matter who runs it. I haven’t liked the stock since 1984. I’m not going to deviate.”
The Goodyear Tire & Rubber Company (NASDAQ:GT) designs, manufactures, and sells tires for vehicles, aircraft, and industrial equipment under its multiple brands. In addition, the company provides retreading, chemical products, and automotive repair and maintenance services. A caller asked about the company’s stock during the April 3 episode, and Cramer commented:
“Value trap, my friend, value trap. So many people have tried to make this thing work in my career so many times and every time that’s happened, it just doesn’t pay off.”
It is worth noting that the company stock has declined by over 32% since the above comment was aired.
6. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 156
Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer spoke about recently. Cramer said that the company reported a “pretty darn good quarter” and stated:
“How about Apple? I think they reported a pretty darn good quarter… Certainly don’t trade it until you hear what they say on the conference call. And oh boy, CEO Tim Cook told an excellent story, calling out strength across almost all the company’s products and services, giving very strong guidance for the current quarter. I mean, like I’m talking ramp. And on the call, it became clear that the iPhone 17, hey, who told you it was good, thank you… has been a smashing success. Coming into tonight, Wall Street was expecting 6% overall growth for Apple in the current quarter, roughly 6% growth for the iPhone specifically. But tonight, they said it’s going to be 10 to 12% revenue growth, and the iPhone will be up double digits too. At the same time, Cook told me tonight that he expects China to return to growth this quarter. As an Apple acolyte, I couldn’t believe this. Suddenly, the two biggest pain points, [the house of pain] become [the house of pleasure] because the quarter was just that good and the guidance was much better. Which is why, ultimately, Apple got a nice pop in the after-hours trading, and I expect more. And by the way, can I just explain to you, this, it looks like my anger about the right to own Amazon over this week, and my… admonition to own Apple, don’t trade it, paid off again. And what’s really important for you to know, everyone thought Apple stock looked expensive, but when you saw the future, you realize, hey, maybe it wasn’t that expensive after all.”
Apple Inc. (NASDAQ:AAPL) designs and markets smartphones, computers, tablets, and wearables, along with accessories and digital platforms.
5. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 335
Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer spoke about recently. Cramer made some positive comments about the company after its earnings, as he commented:
“We got some miracles tonight, two of them. We got not just one, but two huge upside surprises in both the future and the quarters… I’m talking about Amazon and Apple. Amazon reported a hefty top and bottom line beat, crushing expectations. But much more important, this Amazon Web Services, AWS, regarded currently as its most important division and also its Achilles heel, saw its revenue growth accelerate from 17.5% to 20.2% with higher than expected margins too. Remember, coming into the quarter, I told you that Wall Street was focused like a laser on the growth rate for web services. I think that’s a little myopic, if not downright stupid, but it’s what the shareholder base care about. And Amazon, well, it blew away all expectations as CEO Andy Jassy put it, ‘AWS is growing at a pace we haven’t seen since 2022, reaccelerating to 20.2%… We continue to see strong demand in AI and core infrastructure, and we’ve been focused on accelerating capacity, adding more than 3.8 gigawatts in the past 12 months.’ So far so good. On top of that, management gave strong guidance for the current quarter. Hey, maybe Meta’s spending like a drunk sailor, but Amazon’s doing just fine and efficiently putting up great numbers in the process. It’s great to be prudent sometimes. This was some darn quarter and I, look, am I doing cartwheels about it? Yeah, kind of.”
Amazon.com, Inc. (NASDAQ:AMZN) sells consumer goods and digital content through online and physical stores, provides advertising and subscription services, operates Amazon Web Services for cloud computing, develops electronic devices, produces media content, and offers programs supporting third-party sellers and content creators.
4. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 235
NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer spoke about recently. Cramer mentioned the company during the episode and said:
“By the way, when Meta spends that money, you better believe that a ton of it goes to Nvidia. So talk about guilt by association. If Meta stock is going to get punished for spending money at Nvidia, then a lot of money managers will assume it’s time to sell Nvidia, the $5 trillion monster. I disagree. And I do, I worry about what the president’s going to do with China and Nvidia, of course. Hey, if you’re an Nvidia-holic as I am, you bet I’m worried.”
NVIDIA Corporation (NASDAQ:NVDA) develops computing and graphics technologies that power gaming, data centers, AI, and automotive applications. Cramer mentioned the company as he was discussing supply constrained companies during the September 24 episode. He stated:
“And of course, NVIDIA is the most supply-constrained of all. They’re supply-constrained on everything. That’s how you become the biggest company in the world.”
3. Eli Lilly and Company (NYSE:LLY)
Number of Hedge Fund Holders: 119
Eli Lilly and Company (NYSE:LLY) is one of the stocks Jim Cramer spoke about recently. Cramer discussed the company’s GLP-1 drug revenue and the stock’s rally, as he commented:
“Or how about the drug companies? Holy cow, remember them? They used to be big and important, weren’t they? Eli Lilly reported this morning, and their GLP-1 complex, you know, the weight loss diabetes thing, made a billion dollars more than Wall Street expected. That’s tech-like. When I first saw it, I was thinking, okay, the market won’t care. Big yawner. We own Lilly for the trust, we believe in it, but we feel like we’re dopes lately.
But you know what? I knew that Dave Ricks, the CEO, was going to be on Squawk on the Street. I said, hey, listen, maybe something good will happen here… maybe, I’m too jaded, right? I just assumed nobody will care because it’s pharma, a group that nobody seems to want in this environment. Apparently, I was wrong. That’s right. Eli Lilly’s stock rallied nearly 4% today. I think we have Meta’s weakness to thank for that gain.”
Eli Lilly and Company (NYSE:LLY) develops and markets pharmaceuticals for diabetes, obesity, oncology, immunology, and neurological disorders.
2. The Home Depot, Inc. (NYSE:HD)
Number of Hedge Fund Holders: 93
The Home Depot, Inc. (NYSE:HD) is one of the stocks Jim Cramer spoke about recently. While discussing market’s resilience outside tech, Cramer mentioned the stock and said:
“There’s another reason the S&P and especially the Dow held up so much better than Nasdaq. Whenever investors start fleeing from tech, something they do very rarely, I know, they swap into industrials or the financials or even the healthcare stocks, including ones that reported bad numbers.
Their stocks were surprisingly buoyant today. Now, some of these moves have a lot to do with people hoping that yesterday’s quarter-point Fed rate cut would actually do something to help the broader economy, which we know is sluggish, including housing, which is how Home Depot still managed to rally. And by the way, that’s my go-to stock… for both the store and for home improvement. I always like to have a couple stocks that I follow very closely to be sure that I am right about the market.”
The Home Depot, Inc. (NYSE:HD) provides building materials, home improvement, and decor products, along with installation and equipment rental services. Cramer mentioned the stock during the October 14 episode and stated:
“Perhaps the worst acting stock in the Charitable Trust of late is Home Depot. It’s been straight down like it’s wearing cement galoshes, about to get swimming in the Mississippi. Not today. The despot and its doppelganger, Lowe’s, came roaring back today. That’s the real economy once again, not the data center.”
1. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders: 260
Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer spoke about recently. Cramer highlighted why the stock plummeted despite reporting an “amazing set of numbers,” as he commented:
“Last night, Meta Platforms reported what I thought was an amazing set of numbers, beautiful in every way. Great user growth, incredible profitability, good margins. So far, so great. But the company had to take this big charge. No one saw it coming. Don’t worry, non-cash… More important, management committed to a level of capital spending that far outstripped what anyone saw coming, to an amount that, I mean, frankly, seemed imprudent if not downright reckless to many of the big hedge fund managers who determine your stock prices.
The result, Meta stock did indeed get eviscerated, plummeting more than 11% today, which is why the S&P and the Nasdaq got hit so much harder than Dow Jones Industrial Average, as the Dow’s got on a lot less tech. To many of these big-time tech players, not me, but them, Mark Zuckerberg has lost his mind, or at least all his discipline that he had demonstrated so well during that year of efficiency. To them, he’s now in the year of living dangerously.”
Meta Platforms, Inc. (NASDAQ:META) develops products that enable people to connect and communicate through social media, messaging apps, and virtual, augmented, and mixed reality devices. The company’s products include Facebook, Instagram, Messenger, Threads, WhatsApp, and reality hardware and software products.
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