On Monday’s episode of Mad Money, host Jim Cramer broke down the day’s market movement and pointed out that Monday’s trading activity served as a clear signal of just how optimistic investors remain. However, he warned that the enthusiasm could quickly turn to disappointment because the current administration has shown it is willing to let the market falter if doing so helps push forward its objectives.
“We’re always one posting, one whisper away from rallying or declining. As long as we recognize that the president’s in control of the stock market, at least when he wants to be, we can make sense of this tape, and that’s my conclusion when I look at the averages.”
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When considering what it means for investors, Cramer noted that the president is still firmly in control of the market’s direction, even if his approach is unpredictable. He acknowledged that, on occasion, the administration does introduce measures that benefit business. He cited a recent example where the president doubled the tariff on imported steel from 25% to 50%.
Cramer said that it may give a boost to a few strong steel companies, but it comes at the expense of countless manufacturers that rely on steel as a raw material. He mentioned that the president will ultimately take steps that favor business.
“Bottom line: We have to be ready for disappointment, because we’ve seen it over and over and over again. This administration is perfectly willing to disappoint the stock market, not big Bitcoin, but the stock market to advance their agenda, and it’s foolish that you should believe otherwise.”
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 June 2. We listed the stocks in ascending order of their hedge fund sentiment 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).
16. Aurora Cannabis Inc. (NASDAQ:ACB)
Number of Hedge Fund Holders: 7
When a caller inquired about Aurora Cannabis Inc. (NASDAQ:ACB), Cramer commented:
“You know, I keep thinking that it has to come alive, right? And the stock is up a lot. Here’s what I say, you know what? I’m not fighting it. I’m not fighting it. You can own it. It’s a nice speculative stock. There, I said it.”
Aurora Cannabis (NASDAQ:ACB) produces and sells a wide range of cannabis and hemp-derived products for both medical and recreational use, including dried flowers, oils, edibles, vapes, and capsules. The company also provides patient support services and operates multiple consumer and medical cannabis brands. It is worth noting that in 2019, during a lightning round, Cramer commented:
“The group is just under heavy pressure, and every time it sticks its head up, it gets completely whacked. They’re playing whack-a-mole with these. We’ve got to wait to until one of them shows a really big profit.”
For context, since that comment was aired, Aurora Cannabis (NASDAQ:ACB) stock has declined more than 98%.
15. HighPeak Energy, Inc. (NASDAQ:HPK)
Number of Hedge Fund Holders: 8
During the lightning round, a caller asked about HighPeak Energy, Inc. (NASDAQ:HPK), and in response, Cramer said:
“Okay, Rusty Braziel once told me this was a terrific company. The problem is, oil at $62 a barrel does not make me interested. If you think oil’s going to go up, you do have a winner, though. Highpeak is levered to the price of oil more than almost all of them.”
HighPeak Energy (NASDAQ:HPK) is an independent company focused on exploring, developing, and producing crude oil, natural gas, and natural gas liquids. On May 12, the company reported its first-quarter earnings results.
It reported that daily sales volumes averaged around 53.1 thousand barrels of crude oil equivalent, which was a 6% rise from the previous quarter. HighPeak Energy (NASDAQ:HPK) posted net income of $36.3 million, or $0.26 per diluted share. The company’s EBITDAX reported was $197.3 million, or $1.40 per diluted share.