On Wednesday, Jim Cramer, the host of Mad Money, discussed why investors might want to look beyond the tech sector and highlighted a number of stocks worth watching.
“It’s starting to dawn on people: a market that only goes higher because of data center spending is a perilous market, and we don’t like that. Increasingly, I feel like there are better places to hunt for winners than the AI space, where many, not all, but many feel picked over.”
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Cramer explained that “if this were a bad market, the weakness in the data center-related plays would’ve sent everything down.” Instead, he said, “The fact that we had a rotation to lots of other groups shows that this market has tremendous strength.” He noted that rather than tech dragging everything lower, “we got a market that defies the bears and has come up with a ton of undervalued companies that could catch fire now that the government shutdown is finally coming to an end.” He mentioned that it has gotten broader and that “broader is always good.”
“Here’s the bottom line: This market could have been eviscerated today, now that the year of magical investing is coming to an end. Instead, we’re watching the money flow back from OpenAI and company, even though that’s private, into the rest of the economy, the part that doesn’t need a federal data center backstop if the AI thesis goes awry. Welcome back to growth investing, non-tech style. We missed you, and thank heavens nothing needs to be built out for these stocks to run. The building’s already done.”
Our Methodology
For this article, we compiled a list of 17 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on November 12. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the second quarter of 2025, which was taken from Insider Monkey’s database of over 900 hedge funds.
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
Jim Cramer’s Latest Comments on These 17 Stocks
17. International Business Machines Corporation (NYSE:IBM)
Number of Hedge Fund Holders: 63
International Business Machines Corporation (NYSE:IBM) is one of the stocks Jim Cramer mentioned in his latest comments. Cramer highlighted the company as a quantum computing play, as he commented:
“So if you crave quantum computing in your portfolio, IBM’s got commercial quantum that’s selling really well… much safer way to go.”
International Business Machines Corporation (NYSE:IBM) provides technology solutions, including hybrid cloud, AI, consulting, and infrastructure services. Cramer discussed the company’s quantum computing solutions during the November 5 episode and said:
“Okay, first, I think there are only two quantums right now that are, that are actually real. One is IBM and the other is Google. There’s a lot of others. We’ve had D-Wave on… You know, actually, I’m not saying that they’re all jokes like Rigetti is a joke.. It’s not like that. I do feel that what’s happened is that there are a lot of speculative stocks about quantum that are 7, 8, 10 years away. IBM’s got something that’s going to work in the next year or two. It should impact all the power that, we won’t need nearly as much power with quantum. But as Jensen Huang told me multiple times, he’ll be in there too. You can’t run the quantum without the GPUs, so you can run them side by side. IBM is the inexpensive way. They do have eight machines that are currently working in quantum. That’s the way to play it. Nothing else right now, okay? Nothing else.”
16. Rigetti Computing, Inc. (NASDAQ:RGTI)
Number of Hedge Fund Holders: 17
Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the stocks Jim Cramer mentioned in his latest comments. Cramer discussed whether it is the right time to sell the stock or not. He stated:
“Take Rigetti. That’s the quantum computing company that has come out of nowhere with a stock that traded at just $.149 a year ago. Now, it trades at $28 and change, although it’s traded as high as $58 last month. Too late to sell at this point? Even after today’s nearly 10% beat down, Rigetti’s still up 85% for the year. Meanwhile, the company itself got declining revenues, losing gobs of money. That doesn’t sound like it’s too late to sell to me. You think it’s going to come right back? Okay, how about this? You sell half of it, playing with the rest of the house’s money. That way, if you’re right, you still make out like a bandit. But if you’re wrong, you can only lose when you can afford to…
Rigetti and Oklo are just two of the hyper speculative companies that I’m referring and referencing when I am talking about the year of magical investing. That era is drawing to a close. If you own them and they’re up very big, have you made money? Only if you’ve sold some. Otherwise, no.”
Rigetti Computing, Inc. (NASDAQ:RGTI) develops quantum computing systems and superconducting processors. It provides cloud-based access through its Quantum Computing as a Service platform.
15. Solstice Advanced Materials, Inc. (NASDAQ:SOLS)
Number of Hedge Fund Holders: N/A
Solstice Advanced Materials, Inc. (NASDAQ:SOLS) is one of the stocks Jim Cramer mentioned in his latest comments. Cramer mentioned the stock during the episode and said:
“Again, you only need to get rich once. If you want a safer way to go in nuclear, by the way, I like this processing division of Solstice, the Honeywell spin-off, which has a full order book. That’s a cheap stock.”
Solstice Advanced Materials, Inc. (NASDAQ:SOLS) is a specialty materials company that provides solutions for applications in refrigerants, semiconductor manufacturing, data center cooling, alternative energy, protective fibers, and healthcare packaging. Cramer discussed the company before the spin-off during the October 10 episode. He showed solid optimism around it, as he remarked:
“I want to highlight the most unheralded Honeywell breakup, the spinoff of its advanced materials division as Solstice, followed by the spinoff of its automation business. And I really like this one… Solstice emphasized that the company’s selling into some attractive end markets with strong secular trends, including the growth of advanced computing, the evolving energy landscape, as well as healthcare, personal safety and defense. All secular growers, as far as I’m concerned…
Overall, Solstice is a solid business in an industry that’s currently challenged… Once the economy stabilizes, ideally after we get some more rate cuts, you know what? This is going to be a winner, maybe a huge winner. It’s just that we were in the wrong part of the business cycle to own something like this. At the moment, I’m glad they’re getting rid of it. I need the stock of HON to go up for my trust. As for Honeywell, I am optimistic that with this breakup finally happening, they can start unlocking real value…
… So let me give you the bottom line on a complex story that I think’s going to make you money, but you got to be patient: The age of conglomerates ended a long time ago. These days, we’ve seen so many breakups create immense value for investors, and now Honeywell’s about to join the club as it spins off its advanced materials business as Solstice later this month.
I can’t be too enthusiastic about Solstice until we get more rate cuts from the Fed, but it might be worth buying on weakness somewhere down the road. As for Honeywell, the Charitable Trust is in this one for the long haul because Vimal Kapur’s three-way breakup plan will finally unshackle the company’s phenomenal aerospace business. I think that’ll be worth a heck of a lot more once the other divisions get spun out. As this stock goes down, all I can say is opportunity beckons.”
14. Oklo Inc. (NYSE:OKLO)
Number of Hedge Fund Holders: 36
Oklo Inc. (NYSE:OKLO) is one of the stocks Jim Cramer mentioned in his latest comments. Cramer said that the company’s gains for the year present a “terrific opportunity to ring the register,” as he commented:
“Maybe you bought OKLO because… I’ve spoken highly about nuclear power. Oklo is working to develop as much nuclear power as possible with smaller form reactors, and the conference call yesterday was extremely bullish and really good. At the same time, though, we got to admit that Oklo is a pre-revenue company with gigantic losses. Even if the federal government starts greenlighting nuclear projects faster than they’re doing now, it could take a decade to build one of these things, and they always seem to have huge cost overruns.
Sure, Oklo could announce a deal to revive power with a major hyperscaler, but who knows when that will come… the stock is up over 400% for the year. As I see it, this more than 400% move is giving you a terrific opportunity to ring the register on part of your position. Now, ideally, you can take out at least your cost basis, then you can let the rest ride. I’m not against that, if you’re still a big believer in nuclear power like I am, but man, it’s over 400% for the year…
Rigetti and Oklo are just two of the hyper speculative companies that I’m referring and referencing when I am talking about the year of magical investing. That era is drawing to a close. If you own them and they’re up very big, have you made money? Only if you’ve sold some. Otherwise, no.”
Oklo Inc. (NYSE:OKLO) designs advanced fission power plants to deliver scalable clean energy and develops nuclear fuel recycling technology that transforms waste into usable reactor fuel.
13. QXO, Inc. (NYSE:QXO)
Number of Hedge Fund Holders: 65
QXO, Inc. (NYSE:QXO) is one of the stocks Jim Cramer mentioned in his latest comments. A caller asked if they should buy the stock or wait for a better entry point. Here’s what Mad Money’s host had to say in response:
“All right, that’s Brad Jacobs. Brad Jacobs is going to find a way to make money. Now, I personally do not think the roofing business is that good. He’ll consolidate. He’ll do something special. He’ll come on the network. He’ll look really smart because that’s who he is and what he does.”
QXO, Inc. (NYSE:QXO) supplies roofing, waterproofing, and building materials, including siding, insulation, and construction accessories. During the September 29 episode, a caller asked about the stock and Cramer replied:
“All I know [is] that’s a Brad Jacobs company. I am a believer in Brad Jacobs and what he’s going to do as a consolidator for roofing. And I like the roofing business.”
12. Boise Cascade Company (NYSE:BCC)
Number of Hedge Fund Holders: 33
Boise Cascade Company (NYSE:BCC) is one of the stocks Jim Cramer mentioned in his latest comments. When a caller inquired about the stock during the lightning round, Cramer stated:
“Well, I mean, look, the problem is this is connected housing. Anything connected to housing is just bad. We have to see the Fed cut rates. If the Fed cut rates, I’d rather see you in one of the major big box home companies than I would see [you in] Boise because Boise’s too levered to only a certain part of the food chain. I’m sorry.”
Boise Cascade Company (NYSE:BCC) manufactures engineered wood products and plywood and distributes building materials, including lumber, siding, roofing, and millwork. Third Avenue Management stated the following regarding Boise Cascade Company (NYSE:BCC) in its third quarter 2025 investor letter:
“During the quarter, the Fund initiated new positions in building materials distributor and manufacturer, Boise Cascade Company (NYSE:BCC).
Boise Cascade (“Boise”) is a leading manufacturer and distributor of building materials in the United States. The company operates through two segments, building materials distribution and wood products. On the distribution side, Boise distributes various products through the wholesale channel, including wood products, siding, composite decking, insulation, and roofing. On the wood products side, Boise primarily manufactures engineered wood products, such as laminated lumber veneer (LVL), I-joists, and plywood.
After a decade of respectable results, Boise’s profitability began to soften in 2024 while facing headwinds from slowing housing-related activity. While the near-term outlook remains challenged, Boise retains a strong financial position, which should provide the company with staying-power to participate in an eventual recovery in housing-related demand. Furthermore, the building material distribution industry has seen a substantial amount of consolidation activity in recent years, which could provide a backstop to valuation, as well as offer additional options for management to surface value transactionally.
In summary, we perceive Boise to be inexpensive on a “what is” basis with a good probability that, in the future, less depressed markets for U.S. homebuilding and renovation & remodeling could return the company to much higher levels of profitability. Meanwhile, a net cash balance sheet and a relative absence of liabilities offer the company a considerable amount of staying power. Finally, in our view, the attractiveness of Boise’s portfolios of distribution and manufacturing assets raises the probability that high levels of consolidation activity could one day involve Boise.”
11. IREN Limited (NASDAQ:IREN)
Number of Hedge Fund Holders: 39
IREN Limited (NASDAQ:IREN) is one of the stocks Jim Cramer mentioned in his latest comments. Answering a caller’s query about the stock, Cramer remarked:
“Okay, so IREN is a press release stock. It’s great that they want a big deal. I think that’s absolutely… it’s super super super. But that is part of the year of magical investing that’s ending… Take, sell half of it, okay?”
IREN Limited (NASDAQ:IREN) operates a vertically integrated data center business. The company manages omputing hardware and infrastructure while also engaging in Bitcoin mining. A caller inquired about the stock during the lightning round of October 17 episode and Cramer responded:
“Oh no, no, IREN, let me tell you something, you are going to sell IREN. I’m going to throw another one in. I’m going to give you a twofer in the sell side, Nebius. I am looking for insider selling to descend upon this group, and I will not be wrong. I will not be denied. I sense that I’m trying to get people out ahead and IONQ has already demonstrated my perspicacity. Take that.”
10. Doximity, Inc. (NYSE:DOCS)
Number of Hedge Fund Holders: 41
Doximity, Inc. (NYSE:DOCS) is one of the stocks Jim Cramer mentioned in his latest comments. During the lightning round, a caller mentioned that they were not sure if they should sell their position in the stock, and Cramer replied:
“No, no, it’s still too expensive, and I didn’t think the quarter was as good as you think. I was actually surprised that this stock ever got as high as it did. I want to wait on that one. I do not want you to buy it here.”
Doximity, Inc. (NYSE:DOCS) operates a digital platform that offers medical professionals tools for collaboration, career management, research updates, documentation, and virtual patient care. A caller asked for Cramer’s opinion on the stock during the May 21 episode, and Cramer remarked:
“That was a bad miss. That was a bad miss, and that’s a high-growth company that had just been building up ahead of steam, and I cannot recommend that company because that was an unfathomable miss, frankly. And I feel very badly about saying that, but I was quite surprised. I cannot get behind that.”
Since the above comment was aired, the company’s stock is up less than 1%.
9. Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Holders: 94
Micron Technology, Inc. (NASDAQ:MU) is one of the stocks Jim Cramer mentioned in his latest comments. During the episode, a caller asked Cramer where he thinks the business is going in the future. In response, he said:
“You know, they do have this one business called the high bandwidth memory, and that is data center, and it is on fire. Sanjay Mehrotra said that could happen. There’s no, I’m not saying there’s no stopping Micron. I am saying that Micron right now is on a high-level run rate that is going to produce earnings for at least the next year that are going to surprise people. So I think you’ve got a good one.”
Micron Technology, Inc. (NASDAQ:MU) develops memory and storage solutions, including DRAM, NAND, and SSD products, under the Micron and Crucial brands. The company’s technologies are used in data center, mobile, automotive, industrial, and consumer markets. Cramer mentioned the stock during the October 24 episode and remarked:
“I’m going to add Micron, MU, to the list of companies whose products are in short supply. That allows these stocks to go higher for far longer than most investors expect. Sometimes it can go for years… A fine company like Micron, which I typically interview every three months, told me to lower my expectations of the coming, oh, the coming demand just a few quarters ago. I listened, but how could I know better than they did? Right? But it turns out I was right. Micron was being too conservative. It’s pretty shocking.”
8. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 113
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks Jim Cramer mentioned in his latest comments. Cramer highlighted the company’s recent analyst meeting and commented:
“They held an important analyst meeting… The biggest news last night was AMD’s new long-term financial targets, targets that were, they blew your mind. They were much higher than anybody was expecting, and that’s really what sent the stock into the stratosphere today. The targets… Management offered some remarkable growth targets for the next three to five years… Still, can AMD stock keep running? For the past couple of weeks, I’ve noticed that there’s been a shift in Wall Street sentiment.
Investors have gotten more discriminating when it comes to the AI stocks, with more focus on who actually has the ability to deliver on their grand promises, means making money, which brings me back to the financial projections from AMD. These numbers are to some degree an extension of the OpenAI partnership that the company announced a month ago. At the same time, we didn’t have many specifics about what this would mean for AMD sales. Now, we kind of do along with some bullish new information on margins and profits. But all of these long-term targets are contingent on AMD doing a lot of business with OpenAI starting next year.
If you believe OpenAI will honor all of its commitments or can honor all of its commitments that it’s made, the numbers are doable. If you don’t believe it, though, then the numbers become, let’s say, very stretched goals. Here’s the bottom line: Going forward, the story of AMD is all about execution. The stock’s already roared in anticipation of phenomenal growth in the data center. Now, AMD needs to actually deliver. I think Lisa Su and her team deserve the benefit of the doubt because historically they’ve done a great job, but it’s still something we need to keep an eye on. That said, given her multiple years of success at AMD, I am more than comfortable telling you that even up here, you can buy her stock.”
Advanced Micro Devices, Inc. (NASDAQ:AMD) makes processors, graphics cards, and AI chips for computers, servers, and gaming systems. The company’s products include Ryzen, Radeon, and EPYC.
7. Flutter Entertainment plc (NYSE:FLUT)
Number of Hedge Fund Holders: 87
Flutter Entertainment plc (NYSE:FLUT) is one of the stocks Jim Cramer mentioned in his latest comments. Cramer highlighted the company’s earnings during the episode and said:
“What do we make of these numbers from Flutter Entertainment, the parent company of FanDuel? After the close, this online sports book reported what I call a mixed quarter with soft revenue, thanks to some adverse gambling outcomes, but also higher than expected earnings. At the same time, Flutter announced that it’s moving into the predictions market, much like we heard from DraftKings last week. Their platform, FanDuel Predicts, is launching next month in partnership with the CME Group.”
Flutter Entertainment plc (NYSE:FLUT) operates sports betting and gaming platforms. The company provides online sportsbooks, casino games, poker, lottery products, and fantasy sports. While discussing the sports betting space during the July 9 episode, Cramer mentioned the company and said:
“Take the sports betting space, one of the fastest-growing industries in America over the past few years, dominated by DraftKings and Flutter Entertainment, the parent of FanDuel. There was an obscure provision in the Big Beautiful Bill added late in the process that seems like it could impact these companies significantly… Once the bill was signed into law by President Trump on the 4th of July, people finally started asking what this new rule means for the gaming industry, especially the popular online sportsbooks like DraftKings and FanDuel that dominate the business… But you know what? Since the Senate unveiled its version of the budget bill in mid-June, the version that included the change to the gambling taxes, the stocks of DraftKings and Flutter have been roaring…
Flutter was up 13% and they’re both basically flat in July when people started focusing on this issue. So what the heck is happening here with this taxation thing?… Basically, the new taxation is very bad for professional gamblers or anyone who knows how to win reliably. But those are the last people FanDuel or DraftKings want. In fact, if the budget bill puts these people out of business, it might actually be a good thing for the online sportsbooks… Of course, there’s another reason why Wall Street doesn’t seem to be worried about this change in taxation for gambling winnings. There’s a very good chance it might be reversed…
DraftKings and Flutter haven’t even bothered to push back against the new provision. And historically, these companies are very, very vocal about any legislation that hurts their business. I don’t think they’re shedding any tears over this tax provision that drives away gamblers who win too often. We reached out to both DraftKings and Flutter Entertainment for a comment here… So far, Flutter hasn’t gotten back to us…
Ultimately, I think this is something we need to watch, but it doesn’t change my bullish attitude toward DraftKings and Flutter. The thesis here is very simple: These two companies have emerged as an effective duopoly in online sports betting… This law just makes the moat even bigger for them. There’s building growth to these stories because of the gradual state-by-state rollout of legal sports betting…
Also, because the industry is a lot less competitive than it used to be, DraftKings and Flutter no longer need to offer big incentives to draw new customers, making them more profitable… Here’s the bottom line: I still like DraftKings and Flutter, but more important, this is just one tiny example of the work that’s being done all across Wall Street to figure out the impact of this massive new budget bill. Some of it’s straightforward, but like we saw with sports betting, sometimes these new rules might do the opposite of what you’d expect.”
6. Deere & Company (NYSE:DE)
Number of Hedge Fund Holders: 59
Deere & Company (NYSE:DE) is one of the stocks Jim Cramer mentioned in his latest comments. During the episode, a caller asked for Cramer’s thoughts on the stock, and Cramer replied:
“You want my thoughts on Deere? [buy, buy, buy] No matter who, no matter what happens in the country, we are a country where farmers get checks, and I think that’s great because I want them to keep farming. And what do you do… when you get a check? You buy a Deere.”
Deere & Company (NYSE:DE) manufactures and distributes agricultural, turf, construction, and forestry equipment, including tractors, harvesters, mowers, loaders, and road-building machinery. During the June 26 episode, Cramer discussed the company in detail and commented:
“In May of last year, I told you that Deere was finally taking control of its own destiny, even if that might… take some time to play out. And in retrospect, that was a good call… Funny thing about Deere, while the stock’s roared over the past 12 months, the company hasn’t been putting up particularly good numbers… But even though the numbers have been hideous in absolute terms, Deere’s results have consistently come in better than expected. How’s it possible? Simple. This company is hostage to the agriculture market, which means their business rise[s] and falls based on factors that they’ve got, let’s say, no control over…
More important, the stock’s been roaring because crop prices, interest rates, and the dollar have finally started going in the right direction, at least from Deere’s perspective… If rates are headed lower, that’s phenomenal for Deere’s business… Plus, there are all long-term reasons to like Deere that never really went away. This company is still the king of farm equipment with best-in-class technology…
… Deere is now selling for 27 times earnings. That’s somewhat higher for a machinery company, considerably higher than the S&P 500 PE multiple, but I think you can justify it given the tech angle. Plus, Deere’s a cyclical stock, and the cyclicals always seem expensive near the bottom. It looks pricey because the earnings are at a very low level. But if crop prices can bounce and interest rates come down, Deere will be able to report much better numbers.
So here’s the bottom line: After years of trading sideways, this stock’s finally had a major breakout over the past 10 odd months. Even though Deere and markets are still in pretty rough shape, but the stock’s working because the company always had great execution, and the agricultural equipment business is turning around. That’s why I think its rally, so far, can be justified and why I think it will continue to run.”
5. Celsius Holdings, Inc. (NASDAQ:CELH)
Number of Hedge Fund Holders: 52
Celsius Holdings, Inc. (NASDAQ:CELH) is one of the stocks Jim Cramer mentioned in his latest comments. Noting that the stock declined around 25% after reporting its earnings, a caller asked if it is a good entry point. Cramer replied:
“I was surprised about that miss and frankly, I didn’t understand it. I have been behind Celsius. I almost included a big part in my book about Celsius. Thank heavens, it actually didn’t get in because that was a bad miss. I think that we got to, we have to wait another quarter. I’m sorry that miss was not good. Got to call like I see it.”
Celsius Holdings, Inc. (NASDAQ:CELH) sells energy and hydration drinks under brands like CELSIUS, CELSIUS Originals, and CELSIUS ESSENTIALS. A caller asked for Cramer’s outlook on the stock during the September 17 episode. He responded:
“Oh my God, I like John Fieldly [at] Celsius. Yeah, I got this book coming out, and this did not make it into the book. I wish it had. I think this company is doing incredibly well. I like them…”
4. Amgen Inc. (NASDAQ:AMGN)
Number of Hedge Fund Holders: 62
Amgen Inc. (NASDAQ:AMGN) is one of the stocks Jim Cramer mentioned in his latest comments. Cramer highlighted the company’s breakthrough medicine, as he remarked:
“We had Amgen on the show the other day, announcing a breakthrough in Repatha, its every other week injection squelches cholesterol to a level where it helps prevent heart attacks. Why not go buy that?”
Amgen Inc. (NASDAQ:AMGN) delivers human therapeutics for conditions such as cancer, cardiovascular disease, osteoporosis, and autoimmune disorders. During the November 11 episode, Cramer mentioned the stock and commented:
“If you want to venture beyond what we call the CPG, consumer packaged goods, world, I think you’d do very well with owning J&J or Amgen… Amgen’s working on cholesterol with its Repatha injection, and it’s doing something very different with weight loss that could lead to terrific outcomes. They both have yields, more than 2.7%. How strongly do I feel about these former safety stocks? We have a monthly investment club meeting on Thursday, and I’ve told Jeff Marks, my co-portfolio manager, that we at least have to put one of these names in the bullpen. I don’t want to wait to look back and say, how did we miss that bottom?”
3. The Gap, Inc. (NYSE:GAP)
Number of Hedge Fund Holders: 44
The Gap, Inc. (NYSE:GAP) is one of the stocks Jim Cramer mentioned in his latest comments. Cramer showed optimism in the company’s quarter, as he said:
“Glum people don’t go out to dinner, do they? They hunker down and stay home, all bummed out, eating ready-made salads and whatever else they can afford from the supermarket without breaking the bank. That’s been a problem for millions of people with the federal employee furloughs and the food stamp cuts, stuff that makes us look like a banana republic. Except I think that that’s an insult to the apparel chain, which is part of a broader turnaround at The Gap, by the way. I know this stock’s inching higher after a quarter I felt was pretty good.”
The Gap, Inc. (NYSE:GAP) sells apparel, accessories, and lifestyle products for men, women, and children under brands like Old Navy, Gap, Banana Republic, and Athleta. During the August 28 episode, Cramer made some comments about the stock. He stated:
“What’s happening with the stock of GAP this evening? After the close, the retail chain, that also owns Old Navy, Banana Republic, and Athleta, reported what, let’s call it, a mixed quarter. GAP posted a 2-cent earnings beat off a 55-cent basis; revenue came in slightly weak… same store sales up just 1%, some were looking for 2. On the other hand, management looks like it’s making real progress on the once ailing Banana Republic.
But then, management also forecasted problems with President Trump’s tariffs, and I think that’s going to be a drag on the company’s margins, and I think it because I said anything that’s involving tariffs just gets people really scared. But you know what? The stock rallied after hours because the conference call was terrific. I loved it. Right now, Wall Street only seems to care about the impact of the tariffs on retail. That will not stay the same. There’s some palpable signs of return here.”
2. GE Aerospace (NYSE:GE)
Number of Hedge Fund Holders: 100
GE Aerospace (NYSE:GE) is one of the stocks Jim Cramer mentioned in his latest comments. Cramer noted that the company’s quarter did not get much attention due to the government shutdown. He remarked:
“Let’s not forget the second day thesis for travel includes the aircraft themselves. Last week, I heard from Larry Culp, he’s the CEO of GE, during our sojourn to Harvard Business School. Their business is remarkable, but that terrific quarter was buried by the government shutdown.”
GE Aerospace (NYSE:GE) manufactures commercial and defense aircraft engines, power systems, and related components. In addition, the company provides maintenance, repair, and overhaul services along with spare parts for aviation and military applications. Cramer praised the company’s CEO during the November 5 episode, as he commented:
“I’m drawn to companies that are doing new things, innovating, improving, but most companies just aren’t doing that. I’m drawn to companies like the one Larry Culp re-invented, the old General Electric, now GE Aerospace. He led an amazing turn, and it produced bountiful gains for anyone who believed. It made you a huge amount of money, a life changer for all who got a piece of it…
What Larry created here, the three huge businesses that could have been, well, nothing if he hadn’t taken drastic action is testament to what you can do if you’re a thoughtful, hardworking, driven, big thinker like Larry… who saved one of the most storied companies on earth that was teetering on the precipice when he was, when he got there.”
1. American Express Company (NYSE:AXP)
Number of Hedge Fund Holders: 70
American Express Company (NYSE:AXP) is one of the stocks Jim Cramer mentioned in his latest comments. Cramer noted that the stock reached its all-time high. He said:
“It’s been at least a week since someone has urged their clients to buy the stock of American Express. I know it’s counterintuitive, but you believe this stock’s already at an all-time high today. That’s perfect because everyone likes a good price target boost. How can you not raise the price target of American Express when it’s never been this high?”
American Express Company (NYSE:AXP) provides credit and charge cards, payment processing, banking, and travel-related services. The company also offers merchant solutions and expense management tools. Cramer discussed the company’s earnings and had some positive opinions about it during the October 20 episode. He remarked:
“What was so great about this quarter that American Express finally… [broke] its post-earnings losing streak? Well, to start, the results were just fantastic… In short, the overseas business is great, too. Even better, American Express raised the low end of its full-year sales and earnings guidance… The credit metrics are improving. Tell that to the bears. The percent of card members’ loans and receivables that are 30 plus days past due remains at just 1.3%.
That number hasn’t budged over the past five quarters… What was different about this quarter, different enough to send the stock into the stratosphere? Okay, right at the start of the conference call on Friday, CEO Steve Squeri, one of my absolute favorite CEOs, said that the recent launch of their new platinum card has been a success…
Here’s the bottom line: On Friday, American Express reported a fantastic quarter. And for once, its stock actually rallied in response. Highly unusual, people, but it makes sense. The numbers remain excellent, including the credit metrics. The new platinum card is a huge hit. Frankly, I just wish the stock had sold off like usual so I could tell you to buy it on weakness. But hey, there’s always next quarter.”
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