In this article, we will look at the stocks covered in Jim Cramer’s Mad Money recap as he urged investors to focus on the fundamentals of companies. The host of CNBC’s Mad Money said on Tuesday that while sharp market drops can rattle investors, they can also open the door for those willing to push past the anxiety.

Tailspins can be mighty nasty. If you own a stock that’s caught in one, it’s very hard to hang on, but sometimes the market happens to be wrong, and it’s worth riding out the turbulence. That’s why after another down day… I want to talk about some successful examples of stocks that have come back to life, stocks that can rally in the face of even the off-again, on-again peace talks with Iran that seemed decidedly off again this evening.

READ ALSO: Jim Cramer’s 17 Stock Calls: Applied Materials and CoreWeave and Jim Cramer’s 16 Stock Calls, Including NVIDIA, Coterra, and Honeywell

Cramer added that President Donald Trump’s decision to extend the truce has left investors in a kind of limbo. He said that it makes more sense to focus on opportunities rather than getting stuck worrying about geopolitical developments. He explained that, instead of dwelling on what might happen with Iran, the pause offers a chance to revisit companies whose stories may have been dismissed too quickly, and he pointed to CrowdStrike, Microsoft, Blackstone, and UnitedHealth Group as examples worth examining.

Here’s the bottom line: There are plenty of instances where it might be hard to discern a turnaround. I talked about how hard it is for me right now with Nike. There’s plenty of fright in all four of those situations, but I think in a few months time, we will look back and the doubters will say, what were we thinking? And the remonstrators will say, why… didn’t we buy them? The answer? Because you let your fears get the best of you, and that’s the opposite of what great investors do.

Our Methodology

For this article, we compiled a list of 12 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 21. 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 Mad Money Recap: 12 Stocks, Including RTX & Marvell

12. IREN Limited (NASDAQ:IREN)

IREN Limited (NASDAQ:IREN) was among the stocks covered in Jim Cramer’s Mad Money recap as he urged investors to focus on the fundamentals of companies. Toward the end of the lightning round, a caller asked if the stock is a buy or “just another overvalued trade.” Cramer replied:

Oh my god, look, I didn’t recommend Nebius, and then Nebius just took off. I’m not going to veto IREN… Speculative, speculative, speculative, speculative.

IREN Limited (NASDAQ:IREN) operates a vertically integrated data center business. The company manages computing hardware and infrastructure while also engaging in Bitcoin mining. Cramer discussed the company during the December 3, 2025, episode, as he stated:

The super speculative stocks, these remind me of the internet stocks that didn’t make it out of the dot-com era when it came to an ignominious end… I don’t want to repeat that experience. Unfortunately, I seem to be fighting a losing battle. Now, this is a very good company, it’s not fly by night, but it’s called… IREN. It’s formerly known as Iris Energy. It’s a company building data centers for bitcoin mining, AI startups, and, most recently, it got a contract from Microsoft. That’s terrific. But this morning, in order to pay for… data center work that it has to do, it had to issue nearly 40 million shares of $41.12 per share, along with a gigantic $1 billion convertible bond.

Now, IREN’s retiring some previous debt, that’s responsible, but this deal reminds me of exactly what I saw back in 2000 when things were just beginning to unravel… They need to keep raising money if they want to keep building, even if they got an almost $2 billion prepayment from Microsoft at the time the deal was announced. That’s a lot to IREN or any company, for that matter. But if Microsoft decides it’s been overbuilding down the road, it could be one and done. And these data centers are real hard to build…

All I really care about, though, is you and that stock issuance. This time, the deal worked. Terrific. IREN got the money it needed, but does that mean you should hold on to the stock to drop a couple of bucks on it if you bought in on the secondary? Listen, the hyperscalers with deep pockets are now under tremendous pressure for their spending plans. So do you really want to be left holding the IREN bag or any other bags…? Take the gain.

11. Levi Strauss & Co. (NYSE:LEVI)

Levi Strauss & Co. (NYSE:LEVI) was among the stocks covered in Jim Cramer’s Mad Money recap as he urged investors to focus on the fundamentals of companies. When a caller mentioned that they are thinking of getting out of NKE and into LEVI, Cramer remarked:

Alright, I like Levi Strauss at $23, $24. Now, I’ve liked it. It’s been right. And I’ve gotta tell you, I think Michelle Gass is doing a good job. I’d buy the stock.

Levi Strauss & Co. (NYSE:LEVI) offers apparel and footwear for all ages under brands like Levi’s, Denizen, and Beyond Yoga. During the April 2 episode, Cramer discussed the company ahead of its earnings results, as he commented:

Some companies, they really struggle for respect. I think that’s the case with Levi’s, which keeps delivering, yet the stock stays at around 19 bucks as if they’re doing nothing right, which couldn’t be further from the truth. The company reports next Tuesday after the close, and I think that once again, CEO Michelle Gass will put up more than respectable earnings. I just wonder if it’ll matter. 3% yield, good growth. I don’t understand why someone doesn’t just create an apparel colossus around it.