Jim Cramer Warns Viewers About FOMO & Discusses These 19 Stocks

6. Best Buy Co., Inc. (NYSE:BBY)

Number of Hedge Fund Holders In Q1 2025: 36

Best Buy Co., Inc. (NYSE:BBY) is an American technology products retailer. The firm’s shares have lost 20.8% year-to-date as the firm has struggled from weak earnings performance and tariffs. Best Buy Co., Inc. (NYSE:BBY) cut its 2026 earnings guidance to a midpoint of $41.5 billion from an earlier $41.8 billion based on the assumption that tariffs will stay consistent until the end of this year. Best Buy Co., Inc. (NYSE:BBY)’s stock also struggled in 2024 as the firm bet heavily on AI PCs only to be left with excess inventory as demand failed to materialize. Cramer commented on this particular aspect:

“It’s moving because this Morgan Stanley piece revisiting Microsoft plus OpenAI. . . .Azure AI revenue, very strong. In keeping with what you [David] said, when you asked Sanjay Mehrotra the CEO [of Micro] [why the AI-enabled PC hasn’t taken off]. . his response was, just you wait. . .People don’t realize Sanjay, I know that Sanjay was a bit verbose, in his answers. . .look I’ve known Sanjay for years, you can tell him after this, but I think what you have is, you have a PC market that could be exploding. And I didn’t think that. That’s BestBuy situation, but it also makes sense with AMD going up every single day. Because that could be PC.”

In his earlier remarks about Best Buy Co., Inc. (NYSE:BBY), Cramer discussed the firm’s earnings:

“The numbers out today were much better than expected—not better than expected, not better than feared, much better than expected. There was without a doubt a shock when you saw how good these were, because what it said is that Corie Barry and raised the div to, in this environment, is just doing incredibly well. And then there was this paragraph at the end of her talk where she said, of course, tariffs are coming, get a lot of stuff from China and Mexico, and we’re going to have to raise prices. We’re not sure how much we’re going to have to raise prices.”