On Monday, Mad Money host Jim Cramer discussed the current rally in a segment of the market that resembles the speculative excesses of the dot-com era.
“People keep asking me, why am I always urging traders to take profits in all these hyper speculative stocks, the ones that have had parabolic moves. The answer is simple. I lived through and traded through the year 2000, that great peak to the 1990s bull market, and the end of the dot-com bonanza. While I think most of this market is fairly priced on an earnings basis, there’s a cohort of speculative stocks connected to nuclear power, rare earth, quantum computing, crypto mining, and some tangential data center applications. These stocks, they’ve gone up way too much, yet the buyers never quit.”
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Cramer pointed out that many investors have not actually made any money yet in the speculative names. He said, “You haven’t actually made any money until you take something off the table.” He added that most investors in the speculative names have done little, if any, profit-taking, meaning they remain exposed to potential reversals.
“This time, most of the stocks that have rallied are ones with little hope of having profits before the money runs out. They’ll have to do underwritings or pay for the mines or the research and development or the clients. So they’ll be offering billions and billions of dollars worth of stock to get there. So I want you to know that I said to take profits in these speculative names before all that happens. When the insider selling and corporate selling begin en masse, don’t say I didn’t warn you.”
Our Methodology
For this article, we compiled a list of 13 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on October 20. 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 Was Focused on These 13 Stocks Recently
13. NIO Inc. (NYSE:NIO)
Number of Hedge Fund Holders: 19
NIO Inc. (NYSE:NIO) is one of the stocks Jim Cramer was focused on recently. When a caller mentioned that they have a position in the stock, Cramer commented, “I don’t know. NIO is a, look, it probably goes to $10. Then you have to sell it, okay?”
NIO Inc. (NYSE:NIO) designs, manufactures, and sells smart electric SUVs and sedans. It also provides battery-swapping solutions, energy services, and develops electric powertrains and related components. On October 1, the company announced that it achieved new monthly and quarterly high deliveries.
In September, the company delivered 34,749 vehicles, up 64.1% year-over-year. In the quarter ending September 2025, the company delivered 87,071 vehicles, representing an increase of nearly 41% year-over-year. As of September 30, NIO Inc.’s (NYSE:NIO) cumulative deliveries reached 872,785. Additionally, during the August 8 episode, a caller inquired about the company’s stock, and Cramer replied:
“You know, I don’t think that that is a really terrific situation. I happen to think that there are better buys, and I think that market is flooded right now. Let’s stay away from that one.”
12. Utz Brands, Inc. (NYSE:UTZ)
Number of Hedge Fund Holders: 20
Utz Brands, Inc. (UTZ) is one of the stocks Jim Cramer was focused on recently. A caller asked what they should do with their position in the stock, and Cramer stated:
“UTZ is really hard to own. I remember when they had it, of course, Mad Men, my daughter’s in this business. It’s a one tough business, potato chips with snacks. My hope is that these guys do get a bid. They’ve been working very well. They make money. I would not sell this stock. It’s too low here.”
Utz Brands, Inc. (UTZ) produces and markets salty snacks, including chips, tortilla chips, potato chips, pretzels, popcorn, and party mixes, among others. Baron Small Cap Fund stated the following regarding Utz Brands, Inc. (NYSE:UTZ) in its second quarter 2025 investor letter:
“We sold our position in Utz Brands, Inc. (NYSE:UTZ). Sales and earnings are growing slower than we had originally expected, with a more intense promotional and competitive environment along with weaker consumer spending. We don’t see a reversal of those trends soon, so on to better ideas.”
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