In this article, we will look at the stocks Jim Cramer shared his opinions on during Mad Money. The host of CNBC’s Mad Money said Tuesday that Samsung’s earnings report triggered a broad sell-off across AI hardware stocks.
Newsflash: Sometimes stocks just go down. If they’re visible, high-profile stocks, they can change people’s minds about the rest of the market, usually for the worse. And if you don’t know about that linkage, you are more likely to panic and sell some very, very good stocks that were, I don’t know, let’s just say they were being pruned today… On a not-so-hot day… Once again, we saw a wholesale change of the guard in the market simply because one of the most visible stocks in the world went the wrong way after earnings… It’s a South Korean memory chip play. It’s called Samsung, and it’s been an insane trader.
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Cramer noted that investors extended Samsung’s results to the rest of the AI hardware space, which led to steep declines in shares of companies tied to the physical infrastructure required for AI, including data center buildouts.
The bottom line: Today kind of looked, at least in the afternoon, like the old days when we realized that you needed an NVIDIA chip to calculate things… When the stocks of Google and Meta and Amazon had enough strength to carry the market, when Apple needed no one and wasn’t worried about commodity chip prices… These commodity plays and their stocks somehow took over the market, and they brought chaos with them. Is it over? Today may have been one day, a larger profit-taking in those, or maybe it wasn’t. You know, it sure felt like a big change to me.
Our Methodology
For this article, we compiled a list of 14 stocks that Jim Cramer discussed during the July 7 episode of Mad Money. 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. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
Jim Cramer’s Opinion on 14 Stocks Like Applied Aerospace and Delta Air Lines
14. Forgent Power Solutions, Inc. (NYSE:FPS)
Forgent Power Solutions, Inc. (NYSE:FPS) was among the stocks Jim Cramer shared his opinions on during Mad Money. Toward the end of the lightning round, answering a caller’s query about the stock, Cramer remarked:
Yeah, see, they did that big stock offering. I’m not sure people expected there would be as many shares in that. I know they said it was oversubscribed. I would rather just focus on the fact that I think the fundamentals are really gorgeous, and I wouldn’t mind owning some myself for the Charitable Trust.
Forgent Power Solutions, Inc. (NYSE:FPS) designs and manufactures electrical distribution equipment, such as switchgear, transformers, and power units. In addition, the company provides maintenance, repair, and commissioning services to companies in the technology, utility, and industrial sectors. Cramer said that the stock has been a “home run” during the June 12 episode. He remarked:
Now, second, in early March, I recommended Forgent Power Solutions. That’s a maker of electrical distribution equipment used in data centers, the power grid, and all sorts of energy-intensive industrial facilities. Now, I covered this one in early March, about a month after it came public, and I told you I liked it because it was trading at a sizable discount to its closest competitor, which is Vertiv, the one that Dave Cote is chairman of.
Since then, Forgent became an incredible performer, rallying from $34 to $59, 75% gain, thanks to a couple of very strong quarters. In fact, Forgent did a secondary offering at the end of May, often the kiss of death for a newly public company, but the darn thing, it just kept rallying. At these levels, though, you got my blessing to ring the register, it’s been a home run, ideally before the lockup on insider selling in this one, which ends in early August.
13. Skyworks Solutions, Inc. (NASDAQ:SWKS)
Skyworks Solutions, Inc. (NASDAQ:SWKS) was among the stocks Jim Cramer shared his opinions on during Mad Money. A caller asked what they should do with their position in the stock. In response, Cramer said:
Oh, well, look, I think they, look, I know they got that CEO; he is trying to turn it around. Someone has to buy them. And I don’t know, it’s got a 4.75% yield while you wait for someone to buy them. That’s all I can tell you.
Skyworks Solutions, Inc. (NASDAQ:SWKS) develops semiconductor components used in industries such as automotive, aerospace, defense, communications, and consumer electronics. The company’s products include amplifiers, filters, power management devices, and connectivity solutions. A caller inquired about the stock during the March 19 episode, and Cramer replied:
Alright, now the problem with Skyworks is that it’s totally cell phone. It just doesn’t have enough, it’s gotta merge with someone, frankly. Does have a 5.25% yield, but I don’t own tech for yield.
