Jim Cramer Weighed In on These 9 Stocks

1. Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Number of Hedge Fund Holders: 37

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) is one of the stocks Jim Cramer weighed in on. A viewer called in to ask if Cramer had a change of heart about the company, and he replied:

“Well, see here’s the problem: Coca-Cola Consolidated, yeah, it’s a bottler, it’s good, but you know what? I like to buy Coca-Cola. I think James Quincey, his stock is actually coming down. It’s now selling at a market multiple. Quincey’s a really great CEO. It’s one of the few consumer packaged goods stocks that work. That’s my pick.”

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) manufactures, markets, and distributes a wide range of nonalcoholic beverages, including Coca-Cola products, Dr Pepper, and Monster Energy, supplying retailers, foodservice outlets, and vending channels across diverse markets. When a caller asked about the stock in an August episode, Cramer replied:

“No, no… no, we’re not going there. That’s just, doesn’t have it. It’s down 10% for the year, and that actually makes sense. It does not have, a technical term that I like to use periodically that I learned at Goldman Sachs, the mojo. It doesn’t have it.”

While we acknowledge the potential of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than COKE and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.