In this piece, we will look at the stocks Jim Cramer recently discussed.
On his appearance on CNBC’s Squawk on the Street on Thursday, Jim Cramer commented on the global response to President Trump’s tariffs. As markets responded to the tariffs, his co-host shared that German Chancellor Olaf Sholz had outlined that any European or global response to President Trump’s tariffs should be similar in scope. In response, Cramer pointed out that the uncertainty in US markets was creating capital outflows to European markets:
“I was going to bring that up because on Frank Holland’s excellent show this morning the German market was up. . . .I think a lot of people say you know what, I keep sending money over there, and I win. So I’m gonna keep sending money over there. Those economies are being juiced by a wartime. . you know they’re spending a lot.”‘
While most sectors, particularly retail and technology bled, Cramer also focused on those that might surface unscathed as the new rules are enforced. One such sector that he’s looking at is enterprise software:
“Another area that is a battleground will be, enterprise software. Because it’s not made, it’s not taxed. It’s not got tariffed. But will there be elongated cycles as businesses say wait a second I can’t spend. So that’s an area that I’m really working on today.”
For some favorite Cramer enterprise software stocks check out: Jim Cramer’s Bold Predictions About These 10 SaaS Stocks.
He also commented on speculation that the markets can’t be down at these levels because the tariffs might not last. “Look I think there are a lot of people who feel that you can negotiate this down to where, where you don’t have a trade imbalance. So therefore you could do better. That’s possible,” Cramer said. He also explained that one reason pharmaceutical stocks gained during the trillion-dollar selloff was because they “have pricing power.”
Apart from pharma and enterprise software, another sector that the CNBC TV host believes can be worth it is banking. Commenting on local bank stocks, he shared:
“And I think the ones that are down the most, that I’m kind of interested in are domestic banks. They won’t have a lot of shortfalls. There won’t be a lot of people who can’t pay their bills. They’re very, they’re capitalized like they’ve never been. And yet their stocks are down really horrible today.”
For some regional banking stocks, you can check out: 10 Best Local Bank Stocks To Invest In Now.
One second-order effect of the tariffs could be credit deterioration and delinquencies affecting stocks. Cramer thinks “that the balance sheets are really contingent upon employment. And yes Challenger, not good, but overall we still have great employment.”
Finally, the last sector that’s still strong despite tariffs is cybersecurity, according to Cramer. He commented:
“And then cybersecurity. Absolutely no let up. Orders, orders, orders. This only makes it where they’re even more antagonistic so you want to buy cybersecurity.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on April 3rd.
For these stocks, we also mentioned the number of hedge fund investors. 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
8. AT&T Inc. (NYSE:T)
Number of Hedge Fund Holders In Q4 2024: 80
AT&T Inc. (NYSE:T) is a telecommunications company which makes it a great tariffs play according to Cramer. This is because not only does the firm cater to the domestic market but it also isn’t exposed to imports for its business. Its shares have gained 53% over the past year primarily on the back of strong subscriber additions. As markets were bleeding due to tariffs, here’s what Cramer said about AT&T Inc. (NYSE:T):
“ATT’s such a great stock here. It’s going to go right through 30.
“The money funnels to a dozen stocks. It goes to McKesson, it goes to AT&T.”
7. Chevron Corporation (NYSE:CVX)
Number of Hedge Fund Holders In Q4 2024: 81
Chevron Corporation (NYSE:CVX) is one of Cramer’s favorite energy stocks. He has discussed the firm and its CEO Mike Wirth several times during his morning show. Cramer believes that is a better oil play than rival Exxon due to the firm’s cash flow. He has also appreciated the firm’s CEO Mike Wirth and has gone as far as to call Wirth a spokesperson of the US oil industry. With stocks falling during the tariff selloff, Cramer advised viewers to look at Chevron Corporation (NYSE:CVX)’s shares:
“That’s why I say you look at a Chevron. With a really great yield and it’s been a big winner.”
6. The Coca-Cola Company (NYSE:KO)
Number of Hedge Fund Holders In Q4 2024: 81
The Coca-Cola Company (NYSE:KO) is a consumer beverage company whose shares are up 13% year-to-date and gained nearly 2% during Thursday’s tariff selloff. However, the stock dipped by 4% during Friday’s selloff as investors wondered whether American companies would be on the radar of retaliatory actions by other countries. In his previous remarks about The Coca-Cola Company (NYSE:KO), Cramer has warned viewers against shorting the stock. Here are his latest thoughts:
“[On threats to American brands, opportunities to China] It’s all true. And that’s why you wanna go buy Kimberly Clark and Procter. Right. You wanna go buy great brands that can negotiate and you can’t beat them. You want to have Kleenex in your store? Here’s the price. You want Coca-Cola? Do you know that Costco had to bend to Coca-Cola’s wishes?”
5. Starbucks Corporation (NASDAQ:SBUX)
Number of Hedge Fund Holders In Q4 2024: 84
Starbucks Corporation (NASDAQ:SBUX) is one of the largest coffee chains in the world. Cramer frequently discusses the firm in his morning show. He supports CEO Brian Niccol who is spearheading a turnaround at the firm. Previously, the CNBC host has shared that despite Niccol’s strengths, he trimmed his stake in Starbucks Corporation (NASDAQ:SBUX). Here are his latest comments about the firm:
“Starbucks down eight. Should we not think about he’s got it under force, under four minutes now?
“Look I’m just saying that Starbucks is not a great sale here at 91. It’s just not.”
4. Bristol-Myers Squibb Company (NYSE:BMY)
Number of Hedge Fund Holders In Q4 2024: 88
Cramer likes Bristol-Myers Squibb Company (NYSE:BMY) because of the firm’s schizophrenia drug COBENFY. He believes that as the drug is the first treatment for illness in years, it has the potential to take off in the market. He has cautioned viewers against selling the stock due to Bristol-Myers Squibb Company (NYSE:BMY) losing exclusivity for existing drugs. With markets panicking after President Trump’s tariffs, here are his latest remarks:
“I would say this. You wanna buy Bristol-Myerrsss, that’s the kind of thing I like. You wanna buy Bristol-Myers, that kind of stock works.”
3. AppLovin Corporation (NASDAQ:APP)
Number of Hedge Fund Holders In Q4 2024: 95
AppLovin Corporation (NASDAQ:APP) is a technology company that enables businesses to target video game players with advertisements. Cramer is a staunch proponent of the stock as he believes that AppLovin Corporation (NASDAQ:APP) is geared towards the future of advertisement as linear networks fall out of favor. He has also dismissed short-seller reports against the firm. Here are his latest thoughts about AppLovin Corporation (NASDAQ:APP):
“You know I like AppLovin. That’s a real good balance sheet.”
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