Jim Cramer’s 11 Stocks Review: HOOD, WFC, and Market Rotation

In this article, we will look at the stocks Jim Cramer reviewed on Mad Money while discussing the recent market rotation. The host of CNBC’s Mad Money said Wednesday that the market is in the middle of a rapid and somewhat chaotic rotation phase.

History says this explosive phase of this move is likely behind us… The move is over, people, but there’s good news. While the easy money has definitely been made, we have to be grateful that history says we aren’t about to crash or go into some sort of multi-day tailspin. We’re just working off the overbought gently, in just a benign fashion… Usually, when the oscillator gets this high, we tend to have brutal rotations and end up sending some stock up violently while others go down altogether… I don’t think it’s going to be violent. I think it’s going to be exciting.

READ ALSO: What You Missed on Mad Money: 17 Stocks Reviewed by Jim Cramer and Jim Cramer Looked at 17 Stocks, Including Microsoft, CrowdStrike, and Salesforce.

Cramer said that it is difficult to interpret these rotations. He added that there is often no clear explanation for why certain stocks rise during these stretches. He said that after a strong rally, investors are often bombarded with conflicting narratives. Some voices will push the idea of buying beaten-down names that may not deserve a comeback, while others will say that the entire move was driven by short covering. He also said there might be claims that the gains are set to unwind completely.

But the main thing you need to know is that the rotations can be random, and they can be frustrating. You have my blessing to trim stocks that have run too much, as we’ve done for the Charitable Trust. But no matter what, the bottom line is, some crazy rotations are about to occur. I wouldn’t be surprised if next, it’s the drugs then it’s the retailers, then it’s the healthcares. This is no man’s land, and I love 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 April 15. We listed the stocks in the order that Cramer mentioned them.

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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).

Jim Cramer’s 11 Stocks Review: HOOD, WFC, and Market Rotation

11. Wells Fargo & Company (NYSE:WFC)

Wells Fargo & Company (NYSE:WFC) was among the stocks Jim Cramer reviewed on Mad Money while discussing the recent market rotation. Cramer mentioned the stock while discussing the valuation of bank stocks. He stated:

I am getting tired of hearing that this market’s too expensive. Anyone who feels that way should take a hard look at the big banks now that they’ve all reported because they sure don’t seem very expensive to me… I would tell you their stocks are so darn cheap versus the entire market that we have to think about owning one. If something good happens, the banks will all take off because they’re so darn cheap. What do I mean by cheap? Okay, I’m talking about an apples-to-apples comparison versus the price-to-earnings multiple of the S&P 500. Yes, you can figure out the PE multiple of the S&P by taking the earnings per share estimates of all the companies in the index collectively and then giving them the same weightings that the stocks get.

When you look at these comparisons, they are, for lack of a better word, insane. The S&P 500 trades at nearly 22 times this year’s earnings estimates. The expected earnings growth rate of the S&P is 17%… Now, let’s consider the banks on this apples-to-apples basis. Citigroup is expected to see 52% earnings growth this year. It sells at 12.4 times this year’s earnings per share estimates. Goldman Sachs is expected to grow by 14.9%. It trades at 15 times earnings. Bank of America is expected to grow by 14.2%. It sells for 12.5 times earnings.

Morgan Stanley’s expected to see 11.7% earnings per share growth. It sells for less than 17 times earnings. Wells Fargo, look, it had a not-so-hot quarter, but it’s still expected to grow by 11.7%, and it trades at 11.5 times earnings. JPMorgan’s expected to grow at 9.7%, and it’s got a PE multiple of 13.9. Or in other words, with these bank stocks, you have companies that are growing a tad slower than the average stock of the S&P, but in terms of valuation, they sell at a dramatic discount to the S&P as a whole, huge discount… Right now, though, they have the lowest price-to-earnings multiples in part because they’re considered to be brimming with weak private credit exposure. But for the most part, that’s not true either. Even Wells Fargo did their best to say it. Although they had a lot of private equity, only a small part was the hated software category.

Wells Fargo & Company (NYSE:WFC) provides financial services, including banking, lending, investment, and wealth management solutions.

10. Nokia Oyj (NYSE:NOK)

Nokia Oyj (NYSE:NOK) was among the stocks Jim Cramer reviewed on Mad Money while discussing the recent market rotation. Toward the end of the lightning round, a caller asked: “What the heck is going on with Nokia?” In response, Cramer said:

First of all, what Kitty has done here is make a lot of money. Now, there are a lot of people going to play on different predictions stuff and do all sorts of silly things. The fact is, Kitty looked at the situation, she decided she liked Nokia, she bought it. And Kitty, hold on to it, you got another 30% going on there.

Nokia Oyj (NYSE:NOK) develops mobile, fixed, and cloud network solutions, including 5G, optical, and IP network technologies. A caller asked about the stock during the January 5 episode, and Cramer responded:

Oh, Nokia is tough… Nokia is very tough. And I’ll tell you why Nokia is tough because it’s up against Apple. It’s up against a lot of different great companies. Hey, by the way, Apple was down badly today. I have to tell you, I think this is a pretty good level to buy some Apple, down four bucks. I think, buy a little Apple and then it comes down a little more, buy some more.

9. AST SpaceMobile, Inc. (NASDAQ:ASTS)

AST SpaceMobile, Inc. (NASDAQ:ASTS) was among the stocks Jim Cramer reviewed on Mad Money while discussing the recent market rotation. A caller sought Cramer’s opinion on the stock, and here’s what he had to say:

I like it very much. You know, I think that they’ve got a unique property. Look, I’m not calling for a takeover here, not necessarily, but after what I saw happen with Globalstar and Amazon, I mean, come on, let’s own this one.

AST SpaceMobile, Inc. (NASDAQ:ASTS) builds and operates the BlueBird satellite network. The company delivers space-based cellular broadband that connects directly to standard smartphones. A caller asked for Cramer’s take on the company during the episode aired on December 11, 2025. The Mad Money host replied:

The space stocks are plain and simple specs. That doesn’t mean you shouldn’t buy it. As I say in my book, you should buy one. This may be the one to buy. I’m not against it, but you have to understand that if it goes down, it’s speculative, you could lose a lot of money.

8. Gilead Sciences, Inc. (NASDAQ:GILD)

Gilead Sciences, Inc. (NASDAQ:GILD) was among the stocks Jim Cramer reviewed on Mad Money while discussing the recent market rotation. During the lightning round, a caller asked for Cramer’s take on the stock, and he replied:

You know, I like what Daniel O’Day is doing. I always bump into him at the JPMorgan conference. I think he’s a smart guy, and the company’s good. I’d hold on to it. They’ve got some good franchises.

Gilead Sciences, Inc. (NASDAQ:GILD) is a biopharmaceutical company that develops treatments for major medical conditions like HIV, hepatitis, and COVID-19. The company also uses advanced cell therapies for cancer treatment, and it maintains several partnerships to discover new small-molecule and antibody medicines.

7. First Horizon Corporation (NYSE:FHN)

First Horizon Corporation (NYSE:FHN) was among the stocks Jim Cramer reviewed on Mad Money while discussing the recent market rotation. Cramer commented on the company’s latest quarterly results, as he said:

All the major banks have reported this week, so it’s time to move on to the smaller regional banks that I happen to like a great deal. Take First Horizon, the Memphis-based regional. It’s become one of the largest banks in the southeast. This morning, First Horizon reported a pretty darn solid quarter, 3-cent earnings beat off a 50-cent basis, even as its revenues were okay. But the net interest income, their efficiency ratio, and their return on tangible common equity were all better than expected. Of course, the stock still got dinged in response, but I think that’s because it’s up, what… It’s already up 38% over the past 12 months. It bounced hard off its lows in late March… Still a great bank to own.

First Horizon Corporation (NYSE:FHN) is a bank holding company that provides commercial, consumer, and private banking services. It offers wealth management, institutional sales, and specialized lending.

6. Robinhood Markets, Inc. (NASDAQ:HOOD)

Robinhood Markets, Inc. (NASDAQ:HOOD) was among the stocks Jim Cramer reviewed on Mad Money while discussing the recent market rotation. A caller asked for Cramer’s opinion on the fundamentals of the company, and he said:

You know what, they got a break from the SEC today in terms of the number of day trades people can do. I’ve liked the management very much. The stock has come down so much, and yet younger people still want to be there. And they got the Trump accounts business, and that didn’t even move the stock… Look, anytime I see the government backing a broker… I say [buy, buy, buy].

Robinhood Markets, Inc. (NASDAQ:HOOD) operates a financial platform that allows users to trade stocks, ETFs, options, cryptocurrencies, and other assets. During the March 5 episode, a caller asked if Cramer thinks the stock will go to $145 or higher, and he replied:

Let’s upend this one… Let’s forget where we bought it and think where we think it could go to. If I could buy Robinhood at $80, I’d probably buy some here. If it went to $70, I’d buy it very big. So the question isn’t whether it’ll get back to where it was. The question is, would you buy it now? And the answer is a resounding yes.

Click to continue reading and see Jim Cramer’s 5 Stocks Review: MSFT, AVGO, and Market Rotation.

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