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Jim Cramer’s 2024 Portfolio: 10 Latest Stock Picks

In this article, we will take a detailed look at Jim Cramer’s 2024 Portfolio: 10 Latest Stock Picks. For a quick overview of such stocks, read our article Jim Cramer’s 2024 Portfolio: 5 Latest Stock Picks.

After NVIDIA Corp (NASDAQ:NVDA) posted another monster quarter, a jubilant Jim Cramer praised the company’s CEO Jensen Huang and went on to “grade” the Magnificent Seven stocks based on their earnings performance in a latest program on CNBC. Cramer said he wanted to see which stocks in the Mag. 7 group deserve the praise and a role in the “trillion dollar chase” and which companies “might be pretenders.”

Cramer called NVIDIA Corp (NASDAQ:NVDA) CEO Huang the “Taylor Swift” of business and a “long-term visionary.”

Jim Cramer “Grades” Magnificent Seven Stocks After Earnings

Jim Cramer also praised Amazon.com Inc (NASDAQ:AMZN) and said there was a time when the market was starting to think Amazon.com Inc (NASDAQ:AMZN)’s growth might be slowing down but the company did an excellent job by spending money to improve its delivery service. Cramer also said Amazon.com Inc (NASDAQ:AMZN)’s advertising business is “on fire” and AWS is back to double digit growth.

Jim Cramer is also bullish on Meta Platforms and said he thinks WhatsApp has a $100 billion valuation.

Regarding Microsoft, Cramer said you don’t have to “worry about this one” as he thinks Microsoft’s Cloud business is “smoking hot.”

Jim Cramer’s thoughts on Apple Inc (NASDAQ:AAPL) are mixed in the short-term as he believes China “remains an issue.” However, Cramer is bullish on Apple Vision Pro and also likes strong iPhone sales. Jim Cramer repeated his “own it don’t trade it” mantra for Apple Inc (NASDAQ:AAPL).

Jim Cramer is in a wait-and-see mode on Alphabet because he was disappointed with the company’s advertising business. Cramer said while Meta and Amazon.com Inc (NASDAQ:AMZN) thrived in their ads business, Alphabet failed to impress, and the fact that YouTube and Search business of Alphabet are based on ads business worries him.

Lastly, Tesla is the weakest company in the Mag. 7 group of stocks according to Jim Cramer as the CNBC host yet again pitched Eli Lilly as its replacement in the group.

However, Cramer said that a single quarter should not make or break a stock and he believes in long-term approach in investing.

Methodology

For this article we watched several latest programs of Jim Cramer and picked 10 stocks he’s recommending investors to buy. We have also mentioned hedge fund sentiment for these stocks. Why? Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here).

10. MPLX LP (NYSE:MPLX)

Number of Hedge Fund Investors: 9

A questioner recently asked Jim Cramer about his thoughts on midstream energy infrastructure company MPLX LP (NYSE:MPLX). Cramer said “I like it very much.” Cramer said he was telling some “colleagues” recently that “these master limited partnership pipelines are very good.”

Cramer said that MPLX LP (NYSE:MPLX) is “like a fixed income bond.”

Insider Monkey’s database of 933 hedge funds shows that just nine hedge funds had stakes in MPLX LP (NYSE:MPLX).

Last month MPLX LP (NYSE:MPLX) posted fourth quarter results. GAAP EPS in the period came in at $1.10 beating estimates by $0.17. Revenue in the period jumped 11.7% year over year to $2.97 billion, surpassing estimates by $120 million.

9. Affirm Holdings Inc (NASDAQ:AFRM)

Number of Hedge Fund Investors: 31

Fintech company known for buy now pay later solutions Affirm Holdings Inc (NASDAQ:AFRM) is one of the top Jim Cramer stock picks as of February 2024. Cramer recently said in a program that “you’ve got a winner with Affirm.”

Cramer said that Levchin (Max Levchin, the founder of Affirm) is “constantly underrated.” He said that people don’t understand that the “guy has got passion.” Cramer said that “they keep thinking” Affirm Holdings Inc (NASDAQ:AFRM) is going to “bust” but “they are wrong.”

As of the end of the fourth quarter of 2023, 31 hedge funds tracked by Insider Monkey had stakes in Affirm Holdings Inc (NASDAQ:AFRM). The biggest stakeholder of Affirm Holdings Inc (NASDAQ:AFRM) during this period was D. E. Shaw which had a $461 million stake in Affirm Holdings Inc (NASDAQ:AFRM).

8. Zscaler Inc (NASDAQ:ZS)

Number of Hedge Fund Investors: 48

Zscaler Inc (NASDAQ:ZS) is one of the stocks Jim Cramer recently recommended investors to buy in 2024. Answering a question about Zscaler Inc (NASDAQ:ZS), Cramer praised Zscaler’s Zero Trust security platform and said the stock is a “good one” to buy. Zscaler Inc (NASDAQ:ZS) shares are down by about 11% over the past one month and Jim Cramer believes this dip is an opportunity to buy the stock.

Like Zscaler, Cramer also loves Apple Inc (NASDAQ:AAPL), Amazon.com Inc (NASDAQ:AMZN) and  NVIDIA Corp (NASDAQ:NVDA).

As of the end of the fourth quarter of 2023, 48 hedge funds out of the 933 funds in Insider Monkey’s database had stakes in Zscaler Inc (NASDAQ:ZS). The most notable stakeholder of Zscaler Inc (NASDAQ:ZS) was D E Shaw which had a $268 million stake in Zscaler Inc (NASDAQ:ZS).

Artisan Mid Cap Fund made the following comment about Zscaler, Inc. (NASDAQ:ZS) in its Q3 2023 investor letter:

“Notable trims in the quarter included Zscaler, Inc. (NASDAQ:ZS), BioNTech and Ingersoll Rand. Zscaler provides cloud-based Internet security solutions. In the quarter, it announced solid financial results including 43% revenue growth and 38% growth in billings, which were both ahead of expectations. We believe the dual trends of rising security vulnerability and increased enterprise digitization will lead to sustained demand, even in a recession. Cybersecurity remains a top concern for businesses and governments as cyberattacks can have devastating financial and reputational consequences. Meanwhile, managing the security needs of legacy on-premise applications, a growing number of cloud-based applications (e.g., Office 365 and Salesforce) and more remote workers than before the pandemic make operating IT infrastructures increasingly complex. The stock has been a top performer this year, and we decided to trim the position based on valuation considerations.”

7. General Dynamics Corp (NYSE:GD)

Number of Hedge Fund Investors: 49

A caller asked Jim Cramer about his thoughts on General Dynamics Corp (NYSE:GD) during his program on CNBC. Cramer recommended the investor to “stick with” the stock and said:

“Oh, I love that CEO.”

Cramer said that General Dynamics Corp (NYSE:GD) is not expensive. He also said “problems overseas” (a reference to the geopolitical situation) are expected to bode well for the stock.

As of the end of the fourth quarter of 2023, 49 hedge funds out of the 933 hedge funds in Insider Monkey’s database had stakes in General Dynamics Corp (NYSE:GD). The biggest stakeholder of General Dynamics Corp (NYSE:GD) during this period was James A. Star’s Longview Asset Management with a $7.3 billion stake.

6. Home Depot Inc (NYSE:HD)

Number of Hedge Fund Investors: 70

Jim Cramer was not impressed with Home Depot Inc’s (NYSE:HD) numbers for the fourth quarter where comp. sales fell 3.5% during the period (still better than a 3.6% expected decline) and sales per retail square foot dropped 3.6% to $550.50.  But Cramer recommended investors to hold on to Home Depot Inc (NYSE:HD) and wait for the turnaround which he believes is around the corner.

“Sure, the quarter wasn’t great, but the conference call commentary I found encouraging, which is why I’m willing to be patient and hold on to Home Depot. Remember, you can’t wait for the actual turn, you have to get in ahead of time or you’ll miss the move.”

Jim Cramer also thinks Home Depot Inc (NYSE:HD) shares can gain in the future on the back of the “spring planting season, which is like Christmas for any retailer with a gardening business.”

In addition to Home Depot Inc (NYSE:HD), Jim Cramer is also bullish on Apple Inc (NASDAQ:AAPL), Amazon.com Inc (NASDAQ:AMZN) and NVIDIA Corp (NASDAQ:NVDA).

ClearBridge Sustainability Leaders Strategy made the following comment about The Home Depot, Inc. (NYSE:HD) in its Q3 2023 investor letter:

The Home Depot, Inc. (NYSE:HD) has long been a leader in advancing sustainable forestry, and its wood products can have a significant impact, as timber rates at the top of high-risk commodities responsible for most agriculture-related deforestation (Exhibit 3). The home improvement retailer adopted its first wood purchasing policy in 1999, pledging to give preference to sustainably sourced wood and to eliminate wood purchases from endangered regions around the world.

Biodiversity-boosting efforts at Home Depot have included tracing the origin of all the wood products it sells. This forms part of the process of verifying sustainable production, which it does using the certification standards of the Forest Stewardship Council (FSC). Since 2000 Home Depot has developed programs to purchase FSC wood products, such as doors, boards and patio furniture, from over 60 global suppliers. It has also moved more than 90% of its cedar purchases to second-and third-growth forests, with the rest coming from areas with local community stakeholder review.”

Click to continue reading and see Jim Cramer’s 2024 Portfolio: 5 Latest Stock Picks.

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Disclosure. None. Jim Cramer’s 2024 Portfolio: 10 Latest Stock Picks was initially published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

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For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

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