Jim Cramer’s Recent Thoughts on These 15 Stocks

9. Zoom Communications Inc. (NASDAQ:ZM)

Number of Hedge Fund Holders: 51

A caller asked what Cramer thinks of Zoom Communications Inc. (NASDAQ:ZM), and he replied:

“I think Zoom’s last quarter was actually pretty good. They do have some good apps. My stepson worked there in fairness to fully disclose, and I really like them very much, and I think they’re doing a lot right, but it’s taken them a very long time.”

Zoom (NASDAQ:ZM) offers a comprehensive platform for video meetings, communication, and collaboration, including tools for messaging, workflow automation, event management, and contact centers, designed to enhance connectivity across various industries. In February, Cramer mentioned the company and said:

“Just in 2021, get this, we had roughly 400 traditional IPOs and another 200 SPAC mergers, which originally were meant to be blank check companies that would make a bunch of acquisitions over time. But in 2020, lots of startups began to use SPAC mergers as a way to come public while evading the strict regulations that the SEC, you know, the Securities Exchange Commission places on IPOs.

Now initially there were some very exciting ones that really caught fire. For example, Zoom Video. This one came public in 2019 and then soared to the stratosphere in 2020 once the pandemic made its platform essential, at least during the COVID era.”