On Monday, Jim Cramer, the host of Mad Money, addressed the effects of an oversupply of stocks on the market.
“Never forget what really slays bull markets, supply. Once we have more supply than we can handle, we’re headed straight to the slaughterhouse. And I worry that with lots of insider selling and a slew of IPOs, we could be getting there. The biggest source of supply is underwritings. According to data from Renaissance Capital, the IPO research firm, we’ve had 194 IPOs this year, up almost 50% from the same date last year. These new deals amount to total proceeds of $36 billion, which is already up from the $29 billion total from all of last year, not monumental and much smaller than the $142 billion worth of IPOs we had in 2021.”
READ ALSO: 14 Stocks Jim Cramer Recently Shed Light On and 11 Stocks on Jim Cramer’s Game Plan for the Week.
Cramer emphasized that oversupply can be a major driver of market downturns. He remarked, “… I’d tell you that the oversupply in 2021 contributed vitally to the bear market in 2022.” He stressed that the newest deals are especially important to monitor because many of the largest IPOs occurred earlier in the year, which allows insiders to start selling stock now, a substantial but often overlooked source of additional supply. He added, “That supply was locked up when the companies came public.”
“Let’s leave it like this: You get too many deals, you get too much real turmoil. We don’t have that yet, but stay vigilant. While we’re getting too much new supply, and it makes me nervous, it’s still a long way from what we saw during the 2021 or the dot-com collapse.”
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 November 24. 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 Recent Responses to Questions About 12 Stocks
12. Spotify Technology S.A. (NYSE:SPOT)
Number of Hedge Fund Holders: 111
Spotify Technology S.A. (NYSE:SPOT) is one of the stocks Jim Cramer recently answered questions about. When a caller mentioned that the stock has been down recently, Cramer said:
“Yeah, that made no sense to me. I looked at Spotify, too. I don’t understand why it’s not coming back. It’s a great subscription business, and I think you ought to buy the stock.”
Spotify Technology S.A. (NYSE:SPOT) provides audio streaming services. It lets users listen to music and podcasts either through ad-free subscriptions or free, ad-supported access. Cramer mentioned the company during the August 5 episode and commented:
“We know that the latest results missed the mark, and the guidance for the current quarter didn’t have much going for it. But is that enough reason to give up on a stock like Spotify that’s been a serial outperformer for years?… This is the best streaming audio platform around… They’ve acknowledged the shortcomings and laid out a plan to fix it. And look, despite the weakness in ad revenue, Spotify grew monthly active advertisers by 40% year over year. They also know that most of the heavy lifting on their ad tech stack is now complete…
Going forward, Spotify plans to focus on driving adoption, launching new advertising tools, and improving performance. They even said they’re seeing early signs of progress in their programmatic ad sales business. Pretty good, huh? One more positive, Spotify recently increased its buyback authorization from $1 billion to $2 billion, leaving about $1.9 billion still available. The company hasn’t bought back stock since 2022, but this expanded repurchase authorization signals that I think they might be getting ready to buy their own shares, right along with you.
… I never take competition with Apple or Amazon lightly, but Spotify’s still the clear market leader for a reason. For now, nobody else comes close… Even though Spotify’s latest quarter did indeed come up short, no one’s denying that, I think the total breakdown in the stock has created a tremendous buying opportunity, and this is a genuinely great franchise.”
11. Neptune Insurance Holdings Inc. (NYSE:NP)
Number of Hedge Fund Holders: N/A
Neptune Insurance Holdings Inc. (NYSE:NP) is one of the stocks Jim Cramer recently answered questions about. During the lightning round, answering a caller’s question about the stock, Cramer stated:
“You know, the only insurance company I’d recommend is Chubb. I am intrigued by this… I read another good report about it today. I do think that it’s become the way for younger people to trade the… complex of insurance, and it’s up another five today on a very positive recommendation. It’s probably not done.”
Neptune Insurance Holdings Inc. (NYSE:NP) sells residential and commercial flood insurance and parametric earthquake coverage through a network of agencies. The company reported its Q3 earnings on November 12. It posted a GAAP EPS of $0.06, and revenue was up $44.4 million, up 31% year-over-year, and beat estimates by $1.62 million. Neptune Insurance Holdings Inc. (NYSE:NP) reported a 5% decrease in net income mainly due to IPO expenses.
Hedge Fund Resource Center