Jim Cramer, the host of Mad Money, said on Tuesday that he believes the recent shift of money out of artificial intelligence names and into stocks across various sectors has helped support the broader market.
“The good news… this time is that there’s a lot more money sloshing around, a lot more money indexed to the S&P 500, which means that it wasn’t all destroyed like it was in 2000. That’s the saving grace of this market, people, hence, the great broadening out after the bubble burst. Remember, lots of ill-informed commentators are still waiting for the bubble to burst… They don’t know it already has.”
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Cramer said he feels calmer than most observers right now. He pointed to his own experience trading during 2000, as he recalled that there simply was not enough capital to support growth stocks at the time, which led to a broad collapse. In comparison, he said that nowadays, there is strength in many of the same kinds of stocks that attempted to stabilize the market back then but failed because there was no deep pool of money available to rotate into them.
“To sum up, institutional money… fled the bubble stocks months ago and moved into all sorts of non-tech growth plays. That’s the strength of this market. That’s why the deflating of the Mag Seven means much less than the bears told you. It isn’t 2000. It’s what I call 2025, with an orderly migration back to old, sustainable growth that’s a beneficiary of AI, not a maker of it.”
Our Methodology
For this article, we compiled a list of 11 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on December 16. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the third quarter of 2025, which was taken from Insider Monkey’s database of 978 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 Was Asked About These 11 Stocks
11. Tilray Brands, Inc. (NASDAQ:TLRY)
Number of Hedge Fund Holders: 13
Tilray Brands, Inc. (NASDAQ:TLRY) is one of the stocks Jim Cramer was asked about. When a caller asked about the stock during the lightning round, Cramer stated:
“It’s a kaching kaching. I want you to sell half, and if they approve it, then you sell the other half. You see, because what they lack is earnings.”
Tilray Brands, Inc. (NASDAQ:TLRY) produces and sells medical and adult-use cannabis, beverages, hemp-based foods, wellness, and entertainment products. On December 11, the company announced the introduction of Amped Live Resin Liquid Diamond 1g 510 cartridges, Redecan’s (a brand Tilray acquired in 2023 through the acquisition of HEXO Corp.) first live resin–liquid diamond line. The launch includes Space Age CK and Blueberry DNTS, which are made with 80% Legit Live Resin and 20% Liquid Diamonds. The announcement also highlighted that Live Resin Vapes have grown 6.3% in the past six months, with Liquid Diamond products among Canada’s top-selling vapes.
10. Cal-Maine Foods, Inc. (NASDAQ:CALM)
Number of Hedge Fund Holders: 32
Cal-Maine Foods, Inc. (NASDAQ:CALM) is one of the stocks Jim Cramer was asked about. A caller sought Cramer’s thoughts on the stock, and he said:
“No, no… This one is a wild trader. It has never interested me. I even like Tyson Foods more than Cal-Maine Foods, and that’s saying something. Don’t forget, Walmart’s the real winner when it comes to selling food.”
Cal-Maine Foods, Inc. (NASDAQ:CALM) produces and sells shell eggs, egg products, and ready-to-eat items. While discussing the stock during the March 10 episode, Cramer said:
“All right, so Cal-Maine, the reason why it’s going down is because people feel this, this shortage is going to end, when the shortage is going in, the stock is gonna go lower. I totally agree with you on everything, but I do and when I see a stock with a 4 or 5 PE, that means the numbers are going lower and therefore it’s probably not as cheap as you think. And that’s the way I look at Cal-Maine.”
9. Terns Pharmaceuticals, Inc. (NASDAQ:TERN)
Number of Hedge Fund Holders: 29
Terns Pharmaceuticals, Inc. (NASDAQ:TERN) is one of the stocks Jim Cramer was asked about. Inquiring about the stock, a caller mentioned that they purchased it at approximately $5, and it declined to $2 before surging to around $48 on Friday and then pulling back slightly. Cramer commented:
“Man, you just, you know, right now, the lottery is at $1.2 billion. You have won the lottery. You do not need to win it again. Here’s the sound. It tells you everything [kaching-kaching].”
Terns Pharmaceuticals, Inc. (NASDAQ:TERN) develops small-molecule therapies for cancer and obesity, including TERN-701 for chronic myeloid leukemia, TERN-501 for metabolic liver disease, and oral obesity treatments through its TERN-601 and TERN-800 programs. On December 8, the company announced positive results for TERN-701. The CEO of the company, Amy Burroughs, said that Phase 1 data for TERN-701 showed a 64% major molecular response rate. The therapy achieved a 75% response rate at doses of 320 mg and above over 24 weeks, which supports 320 mg and 500 mg QD (quaque die: Latin for “once daily”) as the recommended Phase 2 doses. Emil Kuriakose, MD, chief medical officer of Terns, said:
“We are particularly encouraged to see unprecedented rates of MMR in a highly refractory population, including compelling response achievement in patients with lack of efficacy on prior asciminib, ponatinib, and/or other marketed and investigational TKIs. In the RP2D dose range, we see a 36% DMR achievement rate by 24 weeks, highlighting the fast response kinetics of TERN-701. Importantly, with a median treatment duration of six months, we continue to see a favorable safety and tolerability profile at all doses, further positioning TERN-701 as the potential best-in-disease therapy in 2L+ and 1L CML, where we intend to focus pivotal clinical development.”
8. Lumen Technologies, Inc. (NYSE:LUMN)
Number of Hedge Fund Holders: 32
Lumen Technologies, Inc. (NYSE:LUMN) is one of the stocks Jim Cramer was asked about. During the lightning round, a caller asked about the stock, and Cramer stated:
“Okay, I mean, look, this is home business technology. I think the stock’s run too much. I know an $8 stock, people think… can’t hurt you, but it can. I’d say be careful.”
Lumen Technologies, Inc. (NYSE:LUMN) provides networking and communication products and services, including fiber, cloud, IP, managed security, and legacy data solutions. On December 1, the company announced that it launched Lumen Defender Managed Rules for AWS Network Firewall. The launch brings Lotus Labs’ threat intelligence directly to AWS customers to detect and block cyber threats before they reach networks. The Vice President of Black Lotus Labs and Product Security at Lumen, Martin Nystrom, said:
“Because Lumen operates one of the world’s most deeply connected global networks, our Defender threat intelligence delivers an upstream view into malicious infrastructure before it targets customers. By integrating this intelligence directly into AWS Network Firewall, we enable earlier detection and disruption of botnets, malware, and nation-state activity—helping organizations strengthen their defenses at the network edge.”
7. Horizon Technology Finance Corporation (NASDAQ:HRZN)
Number of Hedge Fund Holders: 7
Horizon Technology Finance Corporation (NASDAQ:HRZN) is one of the stocks Jim Cramer was asked about. When a caller asked about the stock, Cramer replied:
“Yeah, I have no idea what they own, and I will never recommend a stock where I do not know what’s under the hood. I don’t trust it.”
Horizon Technology Finance Corporation (NASDAQ:HRZN) provides secured debt and venture lending to development-stage, venture-backed companies in technology, life sciences, healthcare, cleantech, and sustainability sectors.
6. TopBuild Corp. (NYSE:BLD)
Number of Hedge Fund Holders: 45
TopBuild Corp. (NYSE:BLD) is one of the stocks Jim Cramer was asked about. When a caller mentioned that they hold a position in the stock, Cramer remarked:
“Well… you know what? It’s 20 times earnings. It’s insulation. That’s a good market. What can I say? I still want to take a little off the table because it has had such a run.”
TopBuild Corp. (NYSE:BLD) supplies and installs insulation and building materials, including glass, roofing, gutters, and shelving. During the lightning round of the October 16 episode, a caller asked about the stock, and Cramer replied:
“Yeah, okay. Building stock, I can’t, I think the stock is well ahead of where it should be. Even though I like the company, the rest of the cohort is down. I would do some trimming of that stock.”
5. Unusual Machines, Inc. (NYSE:UMAC)
Number of Hedge Fund Holders: 8
Unusual Machines, Inc. (NYSE:UMAC) is one of the stocks Jim Cramer was asked about. During the lightning round, when a caller asked Cramer about the stock, he commented, “Oh man, drone technology. Highly speculative. Losing a lot of money. Let’s be very careful.”
Unusual Machines, Inc. (NYSE:UMAC) develops and sells small drones and related components. On December 12, the company announced it would supply U.S.-made drone components to Campus Guardian Angel. The first order covers Rotor Riot Brave ESCs, while motors are being tested for broader use. All components are made in the U.S. and NDAA-compliant.
4. Chevron Corporation (NYSE:CVX)
Number of Hedge Fund Holders: 89
Chevron Corporation (NYSE:CVX) is one of the stocks Jim Cramer was asked about. Noting that XOM stock has performed better than CVX, a caller asked if Cramer thinks the company can produce similar results. In response, he said:
“I think that Mike Wirth is going to be able to do it. He’s got, look, he could get Venezuela if that government, if someone gives that guy $100 million… I’m a believer in Mike Wirth. I think he’s the real deal, and I think that that’s a good stock with 4.6% yield and a gigantic buyback, and I would stick with it.”
Chevron Corporation (NYSE:CVX) is an integrated energy company that explores, produces, refines, and markets oil, natural gas, and petrochemical products. During the December 10 episode, a caller asked Cramer about the stock and what he thought of the company CEO. The Mad Money host responded:
“I spoke to Mike today about the fire. I’m not really worried about that at all. I think you can own this, 4.5% yield. Now, I’m not a big fan of oil. I think it could go below $60. So be ready if it does do that. Remember, this stock had been at one point just not that long ago down to $135. And so it’s at $153. I think you buy some and then you wait to see if it breaks down because of that $60 possible breakdown.”
3. AppLovin Corporation (NASDAQ:APP)
Number of Hedge Fund Holders: 110
AppLovin Corporation (NASDAQ:APP) is one of the stocks Jim Cramer was asked about. A caller inquired if Cramer still “loves” the stock, and he replied:
“Okay, AppLovin, I’m not lovin’ as much. It’s had a very, very big move to the point where it sells at 77 times earnings. I think you have to sell half of the stock when it gets there. There’s just too much risk, up 77%, with all these stocks that are, even though this is a company that makes a lot of money, I just don’t like that price-to-earnings multiple. And if you go to How to Make Money in Any Market, it’ll explain exactly why I said the multiple’s too high.”
AppLovin Corporation (NASDAQ:APP) provides a software platform that helps advertisers and app developers market and monetize their content. The company offers advertising solutions, analytics tools, connected TV services, and mobile games. During the November 11 episode, a caller asked Cramer’s advice on whether they should hold, sell, or add to their position in the stock. He replied:
“Okay, I think AppLovin is an amazing company that is just making a ton of money, and I like it very much. That makes me, I’m in a minority of the so-called professionals, but I think it’s a very, very good company, and people don’t understand. It knows how to make money better than almost any company on earth.”
2. DraftKings Inc. (NASDAQ:DKNG)
Number of Hedge Fund Holders: 68
DraftKings Inc. (NASDAQ:DKNG) is one of the stocks Jim Cramer was asked about. Answering a caller’s query about the stock during the episode, Cramer said:
“Okay, DraftKings is down… right now just because it’s had some highly unusual losses, but those are going to end. The statistics favor them coming back to, even when it comes to those losses. And I think DraftKings is a very well-run company, and I think the industry’s in consolidation. And I like it very much.”
DraftKings Inc. (NASDAQ:DKNG) is a digital sports entertainment and gaming company that provides online sports betting, daily fantasy sports, and iGaming products such as blackjack, roulette, and slots. During the November 6 episode, Cramer said that the company has been “having a tough year,” as he commented:
“What’s happening after the close with the stock of DraftKings? The company’s been having a tough year thanks to a series of adverse NFL outcomes, some rising competition from the predictions market. They get a little muddier when they reported tonight. Now, DraftKings delivered a pretty sizable revenue miss, a larger-than-expected loss for the third quarter… At the same time, management also slashed full-year forecast for both revenue and earnings before interest, taxes, depreciation, and amortization. It looks rough, but I gotta get to the bottom of this because I’ve been recommending this stock because I think that this is the best company in gambling… I believe that this… [is] the only company I want to bet in the industry.”
1. The TJX Companies, Inc. (NYSE:TJX)
Number of Hedge Fund Holders: 69
The TJX Companies, Inc. (NYSE:TJX) is one of the stocks Jim Cramer was asked about. A caller asked if they should wait for a pullback or buy now. In response, Cramer said:
“I want you to wait for a pullback. It just actually did a kind of a pirouette today. It spiked up and then came down. That’s usually a sign that it’s going to go down tomorrow, the next day, and perhaps even next week. And that’s when you’ll pull the trigger. It’s a great situation.”
The TJX Companies, Inc. (NYSE:TJX) sells off-price apparel, footwear, accessories, and home goods. The company provides a diverse range of merchandise, including clothing and beauty items, furniture, decor, kitchenware, and seasonal products. Cramer acknowledged the company’s “tremendous momentum” during the November 25 episode, as he remarked:
“Then there’s retail. Well, we like TJX and Costco for the Charitable Trust. Those are two growth retailers with excellent numbers. TJX is at its highest, tremendous momentum. Costco’s not far from its low amazingly. And while it’s never cheap, I think this is a terrific moment to buy it.”
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