Jim Cramer’s 2024 Predictions and His Top 5 Stock Picks

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This article presents an overview of the Jim Cramer’s 2024 Predictions and Top 5 Stock Picks. For a detailed overview of such stocks, read our article, Jim Cramer’s 2024 Predictions and Top Stock Picks.

5. Nu Holdings Ltd (NYSE:NU)

Number of Hedge Fund Investors: 50

Jim Cramer recently answered a question about Brazil-based banking and financial services company Nu Holdings Ltd (NYSE:NU) during his program on CNBC. Cramer said that “I’d never thought I’d say this” but Nu Holdings Ltd (NYSE:NU) is a Brazilian stock that “I absolutely love.”

Cramer also said that Nu Holdings Ltd (NYSE:NU) is a “winner.”

As of the end of the third quarter of 2023, 50 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Nu Holdings Ltd (NYSE:NU). The most notable hedge fund stakeholder of Nu Holdings Ltd (NYSE:NU) during this period was Warren Buffett’s Berkshire Hathaway which owns a $776 million stake in Nu Holdings Ltd (NYSE:NU).

White Falcon Capital Management made the following comment about Nu Holdings Ltd. (NYSE:NU) in its Q3 2023 investor letter:

“There are comparable narratives involving Nu Holdings Ltd. (NYSE:NU), Amazon, and Teck Resources, to name a few holdings from the White Falcon portfolio. NU Holdings generates an average monthly revenue per user of $9.3, whereas its competitors are achieving over $35, creating a significant opportunity for revenue and earnings growth. In essence, we believe we hold wonderful businesses with growing revenue streams and potential for operating leverage – all at reasonable valuations.”

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