Jim Cramer’s Biggest Cryptocurrency and Blockchain Stock Hits & Misses: Top 5 Stocks

3. Block, Inc. (NYSE:XYZ)

Number of Hedge Fund Holdings in Q4 2024: 81

Number of Hedge Fund Holdings in Q4 2025: 63

Performance Since Cramer’s Remarks: 20.4%

Date/Month of Cramer’s Remarks: May 2nd, 2025

Block, Inc. (NYSE:XYZ) is a payments platform and products provider. Its shares are up by 6.4% over the past year and by 20% since Cramer discussed the firm in May. The shares surged by 12% between July 17th and 22nd, amidst news such as its inclusion into the illustrious S&P 500 index. However, they closed 7.7% lower on November 7th following the firm’s fiscal third quarter earnings report. The results saw Block, Inc. (NYSE:XYZ) post $6.1 billion in revenue and $0.54 in adjusted earnings to miss analyst estimates of $6.31 billion and $0.67. Some of the reasons that management attributed to the slow growth were higher hardware sales and a different payment processing partner. Year-to-date, Block, Inc. (NYSE:XYZ)’s shares are down by 11.3%. One notable movement came in February when they closed 16.8% higher on February 27th. The rise occurred after the firm’s fourth quarter earnings saw it annually grow gross profit by 24%. Here is what Cramer had said about Block, Inc. (NYSE:XYZ) on Squawk on the Street in May 2025:

“There’s a piece, an impenetrable piece by Bank of America about, I mean I love NVIDIA. . .I couldn’t get through this one. I mean, come on, guys. Put in some, a little verbiage, like we saw on Square, now X, now XYZ, now Block, now Sell. They should change it into Sell. That would be good. SELL.”