In this article, we will look at Jim Cramer’s latest stock calls as oil dropped and the U.S. market rose. Jim Cramer, the host of Mad Money, on Tuesday discussed the rise in stocks, along with the higher oil prices.
Now, we keep seeing new patterns and not just the pattern that you find behind me at NVIDIA’s GTC conference. I’m talking about increasingly positive ones. After three weeks of negativity, the new pattern today? Even though oil rallied 3%, many stocks still managed to go higher. That’s right. As oil jumped, investors ignored that action, instead, focused on the fundamentals of individual companies excluding oil. And when you take petroleum out of the equation, when you ignore the increase, it looks pretty darn good, with the Dow gaining 47 points, S&P advancing 0.25%, and the Nasdaq climbing 0.47%.
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Cramer noted that this kind of market action does not happen under normal circumstances. He mentioned how, just last week, many investors believed tensions tied to a potential conflict with Iran were spiraling. He noted that not much has changed since then, aside from the U.S. government holding back from striking Iran’s oil infrastructure. While he said the situation now feels somewhat calmer, he thinks that it was not enough to spark widespread buying. He added that what stood out was both what investors chose to buy and what they avoided. Among the “anomalies” was a rebound in sectors that had been under pressure, including private equity.
Bottom line: Things are better than I thought when I got out here. That will ultimately translate into higher stock prices for NVIDIA and many other techs, even if right now it’s the hieroglyphics and the troglodytes who are in charge until the company’s quarter is over and it reports great numbers.
Our Methodology
For this article, we compiled a list of 6 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on March 17. We listed the stocks in the order that Cramer mentioned them.
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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
Jim Cramer’s Latest 6 Stock Calls As Oil Drops and the U.S. Market Rises
6. Super Micro Computer, Inc. (NASDAQ:SMCI)
Super Micro Computer, Inc. (NASDAQ:SMCI) is one of Jim Cramer’s latest stock calls as oil drops and the U.S. market rises. A caller sought Cramer’s opinion on the stock, and in response, he said, “No, you’re buying Dell. You’re not buying SMCI; you’re buying Dell. I’ve had enough.”
Super Micro Computer, Inc. (NASDAQ:SMCI) designs and sells modular server and storage systems, including AI, cloud, and edge computing solutions. During the February 23 episode, Cramer showed a similar sentiment toward the company’s stock when a caller asked if it was time to “dip a speculative toe in the water.” The Mad Money host replied:
No, I’ll tell you the truth. I mean, I would rather have you, if you’re going to do that, buy Dell. Although Dell is about to report on the 26, but Super Micro is in my no-fly zone. I’m sorry.
5. Origin Bancorp, Inc. (NYSE:OBK)
Origin Bancorp, Inc. (NYSE:OBK) is one of Jim Cramer’s latest stock calls as oil drops and the U.S. market rises. When a caller inquired about the stock during the lightning round, Cramer said, “It’s okay. Not great. Not bad. That’s not enough for me to own it.”
Origin Bancorp, Inc. (NYSE:OBK) is a bank holding company that provides financial services, including deposit accounts, insurance products, and some commercial and residential lending solutions. It is worth noting that Cramer was bullish on the company during the January 15 episode as a club member inquired about the stock. He remarked:
That thing is a rocket ship. You are a winner, club member. You’re in a winner, and I think that you should stay in it, and if it pulls back, I would buy more.
