Jim Cramer’s Latest Predictions and 5 Stock Recommendations

In this article, we discuss Jim Cramer’s latest predictions and 5 stock recommendations. If you want to read about some more stocks that Jim Cramer recommends, go directly to Jim Cramer’s Latest Predictions and 10 Stock Recommendations. 

5. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 46 

Ford Motor Company (NYSE:F) is an automobile manufacturer. Cramer discussed the stock during an appearance on CNBC in early July, noting that he thought Jim Farley, the CEO of the firm, would “surprise” the upside. Cramer had previously been bearish on the stock but has since changed his position, saying that he was not altogether convinced why people thought Farley would not deliver on EV plans. He also added that supply chain issues were getting “better” and Ford had “tremendous order growth”. 

On June 1, Goldman Sachs analyst Mark Delaney maintained a Neutral rating on Ford Motor Company (NYSE:F) stock and lowered the price target to $14 from $18, noting that global auto production would fall in the coming months compared to analyst estimates. 

At the end of the first quarter of 2022, 46 hedge funds in the database of Insider Monkey held stakes worth $1.2 billion in Ford Motor Company (NYSE:F), compared to 53 the preceding quarter worth $1.7 billion.

In its Q1 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Ford Motor Company (NYSE:F) was one of them. Here is what the fund said:

“Ford Motor Company (NYSE:F) is another example of typical industrial manufacturing business executive mindsets. The April 18, 2022, Bloomberg Businessweek cover story features Ford CEO Jim Farley behind the wheel of an electrified Ford Motor Company (NYSE:F) F-150 Lightning. The article is titled, “Hey Elon, THIS is a truck.” I thought the article was terrific. One idea especially stood out to me. Since the F-150 is such a popular vehicle, it “argued for a gradual approach to electrification. Essentially the company retrofitted an existing F-150 with an electric powertrain rather than develop an entirely new truck.” No all-in financial and operation bet by this company on electrification.”