On Thursday, Mad Money host Jim Cramer addressed the U.S. Court of International Trade’s decision that struck down most of the tariffs imposed under the Trump administration.
“Maybe no one wants tariffs on either side of the table except the president of the United States.”
READ ALSO: 8 Stocks on Jim Cramer’s Radar and Jim Cramer Put These 14 Stocks Under the Microscope.
Discussing how the market initially reacted, Cramer explained that when the panel of federal judges declared the majority of this year’s tariffs to be unlawful, S&P futures surged overnight. However, that enthusiasm faded quickly after the White House responded by signaling that tariffs would still be enforced through other means.
Cramer pointed out that later in the afternoon, a Federal Appeals Court issued a stay on the original ruling. As per Cramer, the reversal was the reason the market gave up its earlier gains. He emphasized that while he is typically in favor of tariffs in principle, he views them as a necessary evil. What concerns him is not the concept itself but how tariffs are implemented. He warned against a rushed or chaotic approach and called instead for a method that is more deliberate and carefully thought out.
“Here’s the bottom line: Even if you believe in fair trade, not free trade as I do, you have to wonder how we’re going to get any meaningful deals now that our trading partners know the courts might invalidate the whole tariff agenda. In that sense, but only in that sense, maybe the judiciary shooting down the tariffs is the easiest way out of this nightmare.”
Our Methodology
For this article, we compiled a list of 10 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on May 29. We listed the stocks in ascending order of their hedge fund sentiment as of the first quarter of 2025, which was taken from Insider Monkey’s database of 1,000 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Jim Cramer’s Thoughts on These 10 Stocks
10. D-Wave Quantum Inc. (NYSE:QBTS)
Number of Hedge Fund Holders: 13
During the lightning round, a caller asked about D-Wave Quantum Inc. (NYSE:QBTS), and Cramer commented:
“Alright, I’m going to tell you something good. I think of the ones that are out there, this is the best, okay? How’s that? This is the best. And if they got any good news beyond what they have, the stock probably goes to 25. There we go.”
D-Wave Quantum (NYSE:QBTS) provides quantum computing systems, software, and cloud-based services designed to solve complex problems using both quantum and classical computing. The company also offers tools, training, and support to help businesses develop practical quantum applications. Earlier in January, whilst talking about the company, Cramer commented:
“I am wary of D-Wave Quantum, a $2.2 billion company with $9 million in revenues over the last 12 months and very big losses.”
9. BigBear.ai Holdings, Inc. (NYSE:BBAI)
Number of Hedge Fund Holders: 17
A caller asked at what point Cramer would suggest adding to their position in BigBear.ai Holdings, Inc. (NYSE:BBAI) and at what increments. Here’s what Cramer had to say in response:
“I’m going to deviate. I’m going to suggest a stock that I think is better, that has more hype to it, that has more pizazz, that everybody loves. I’m going to suggest Palantir… And I happen to think that Alex Karp will come out and he’ll say something really great and he’ll announce a big deal and you’ll make 10 points because that’s the way Palantir rolls.”
BigBear.ai (NYSE:BBAI) provides AI-powered decision intelligence tools that support national security, supply chains, digital identity, and biometrics. The company also focuses on data processing, machine learning, predictive modeling, and visual analytics. It is worth noting that in February, Cramer made a similar comment when he was asked about the company, and he said:
“No, no, you got to go with Palantir. Palantir is not done. This guy is amazing, Karp. I mean, I can’t say enough good about them other than the fact that everybody else is saying it… so you don’t really need me. That’s the one to be in.”