In this article, we will look at Jim Cramer’s Comments on 5 Stocks Like Palantir, Meta, and Playing the Recent Market Rotation. Please visit Jim Cramer’s Comments on 25 Stocks Like Micron, Dell, and Playing the Recent Market Rotation, if you’d like to see the extended list and methodology behind it.
5. General Mills, Inc. (NYSE:GIS)
General Mills, Inc. (NYSE:GIS) was among the stocks Jim Cramer commented on as he advised investors on how to take advantage of Wednesday’s market rotation. Cramer highlighted the stock’s rally during the episode, as he said:
What else soared today? How about, look, this morning… General Mills reported a blowout quarter and announced restructuring that could cut $3 billion in costs by mid-2030. The stock rallied 8.5%.
General Mills, Inc. (NYSE:GIS) provides branded foods, including cereals, snacks, meals, baking products, frozen items, ice cream, and pet food. Cramer called it one of the most “reliable stocks” during the May 11 episode, as he remarked:
…Anything food, forget about it. Hormel, General Mills, McCormick, they all hit lows today. General Mills, one of the most reliable stocks here in the entire market, now sports a 7.2% yield. That seems pretty high for a quality company like this. Market hasn’t yet caught on to the benefits of that McCormick buying Hellmann’s from Unilever. Hormel’s just plain unfathomable, and the dividend yield of 5.8% seems mighty high, not as high as Campbell’s at 7.56%… You don’t get those kinds of deals unless people are worried that the dividend will need to be cut. That’s what it’s saying.
4. Blackstone Inc. (NYSE:BX)
Blackstone Inc. (NYSE:BX) was among the stocks Jim Cramer commented on as he advised investors on how to take advantage of Wednesday’s market rotation. Cramer discussed the stock while explaining how doomsayers missed the mark on private credit. He said:
How about the gains in the brokerage and private equity stock groups that have been shelled over worries about their private credit underwritings? This morning, Goldman Sachs reported only 3.24% of its investors chose to exercise the right to get out of their funds this month. Goldman’s allowed for 5% cashiering. I think this… [is] a sign that the private equity stocks are at last out of the woods. In short, the move is real because the narrative of private credit chaos and destruction has proven to be phony.
Alright, that said, I’d still avoid Blue Owl; too risky. Go buy Blackstone instead. This scare, pretty much made up by the media, by the way, led to billions of dollars in losses for every soul who was involved in this stuff… Looking back, it’s hard to believe how wrong the doomsayers were.
Blackstone Inc. (NYSE:BX) manages alternative assets, specializing in private equity, real estate, hedge fund solutions, and credit strategies.
3. Palantir Technologies Inc. (NASDAQ:PLTR)
Palantir Technologies Inc. (NASDAQ:PLTR) was among the stocks Jim Cramer commented on as he advised investors on how to take advantage of Wednesday’s market rotation. During the episode, Cramer was bullish on the company, as he said:
The only one right now that I actually trust is Palantir. This is the fastest grower of the stocks I follow, and it’s been crushed. It’s down 80 points from its high. Today, it finally showed some signs of life.
Palantir Technologies Inc. (NASDAQ:PLTR) develops data analytics and AI software platforms, including Gotham, Foundry, Apollo, and Palantir Artificial Intelligence Platform, that help organizations integrate, analyze, and act on complex data. During the June 18 episode, a caller mentioned that they had started a position when the company came public and asked whether they should add more or sell, and Cramer responded:
Oh boy, let me think about this, let me think about this. I think it’s fine as long as you recognize, I just want to see what they’ve pushed it down to… yeah, I thought so, they really clubbed it today, as long as you recognize it as a long-term growth story. What’s happened is the growth wasn’t very exciting to people. The growth hasn’t slowed down, just the stock.
2. ServiceNow, Inc. (NYSE:NOW)
ServiceNow, Inc. (NYSE:NOW) was among the stocks Jim Cramer commented on as he advised investors on how to take advantage of Wednesday’s market rotation. Cramer noted the AI worries around the stock, as he commented:
Next up, after cratering all year, the software-as-a-service stocks like Salesforce, like ServiceNow, oh, they were flying today. Now, these companies have been hurt by artificial intelligence platforms like Anthropic’s Claude. I believe AI is cutting a lot of jobs… [for] potential and actual users of their products, and their nascent AI businesses, they’re not making up for the lost seats. That’s the method of payment for these companies, by the seat. And that’s why I’m betting that these gains, they may be ephemeral. ServiceNow and Salesforce are down so much for the year, though, off 31 and 38%, respectively. They’re, look, these are due for at least a couple of days’ bounce. But it’s just a bounce, people, until we see earnings that can tell a different story of this entire enterprise software group.
ServiceNow, Inc. (NYSE:NOW) provides a cloud platform that supports digital workflows through AI, automation, low-code tools, analytics, and a suite of IT, security, customer service, and employee experience products.
1. Meta Platforms, Inc. (NASDAQ:META)
Meta Platforms, Inc. (NASDAQ:META) was among the stocks Jim Cramer commented on as he advised investors on how to take advantage of Wednesday’s market rotation. Cramer highlighted the stock’s recent rally and the reason behind it, as he stated:
Let’s start with one of the Mag Seven stocks. Let’s start with Meta Platforms. Last night, I told you that Meta could make a fortune simply by announcing it would rent out its extra computing power via a cloud infrastructure business like Amazon Web Services or Microsoft’s Azure. Today, Bloomberg said Meta’s doing precisely that, and the company confirmed it to me. Now, previously I said this move could be worth $100 per share. Today alone, Meta has already rallied nearly $50. And you know what? I think it’s got more room to run because their cloud business will be instantly profitable.
I don’t know if Meta needs to do an equity offering to pay for more of its data center build-out; I don’t. That said, it has countless potential clients, and it can snare big business, something it needs because, see, right now, Meta is too much of a consumer-oriented advertising company. The enterprise-oriented cloud infrastructure game represents a much better, less episodic business model. Now, that’ll cause Meta’s incredibly low price-to-earnings multiple to expand, and the stock will rise proportionally, or in the Street terms, raising numbers Meta.
Meta Platforms, Inc. (NASDAQ:META) develops technologies and applications that connect people through social networking and messaging. The company’s portfolio includes Facebook, Instagram, WhatsApp, Messenger, Threads, and virtual and augmented reality products.
While we acknowledge the potential of META to grow, our conviction lies in the belief that some 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 META and that has 100x upside potential, check out our report about the cheapest AI stock.
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