Jim Cramer’s Latest Lightning Round: 5 Stock Recommendations

4. Wayfair Inc (NYSE:W)

Number of Hedge Fund Investors: 50

Online furniture store company Wayfair Inc (NYSE:W) ranks fourth in our list of the stocks Jim Cramer recommended during his latest Lightning Round program on CNBC. A caller asked Jim Cramer whether Wayfair Inc (NYSE:W) is a buy on the back of improving bottom line and expectations of rate cuts in the later half of this year. Cramer agreed with the questioner’s thesis and said Wayfair Inc (NYSE:W) is a Buy for the said reasons.

As of the end of the fourth quarter of 2023, 50 hedge funds out of the 933 funds tracked by Insider Monkey had stakes in Wayfair Inc (NYSE:W), up from 40 hedge funds in the previous quarter. This shows a significant jump in hedge fund sentiment for the stock. The biggest stakeholder of Wayfair Inc (NYSE:W) as of the end of 2023 was Zachary Sternberg and Benjamin Stein’s Spruce House Investment Management which owns a $225 million stake in Wayfair Inc (NYSE:W).