We recently published a list of Jim Cramer Discusses These 10 Stocks & Says ‘Bro’ Market Is Froth. In this article, we are going to take a look at where Tesla, Inc. (NASDAQ:TSLA) stands against other stocks that Jim Cramer discusses.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer commented on a Bloomberg piece about Secretary Bessent acting like a hedge fund manager and disagreements within President Trump’s team:
“I mean, how many times in that incredible interview with Sarah, I mean I’m talking about incredible, did he, ‘well in my time as a, well in my time as a’, and then you got, the Commerce Secretary and screaming at people. Discord and they all kind of disagree with each other and then you got Navarro being kind of funny at least. And then you say to yourself, who are these guys?”
Cramer also shared his thoughts on a Bank of America note commenting on a basket of Trump Trade stocks and calling it a ‘bro bubble.’ These stocks include Elon Musk’s car company and Alex Karp’s data analytics firm. Cramer liked the piece and he thought it was fun. He added:
“When you come in you can see certain stocks that just bubble. Also like the airline, the phony airline and the bogus nuclear. I mean there’s so much fun for me because I’m actually close to nuclear. . .and everyone knows we’re nowhere. . . .I just find that it is so disappointing to see much, so much froth in the market that is a bro. But, you don’t wanna buy those stocks, those stocks are heavily inflated. And if the President realizes, wow, you know what I’m doing, I gotta change my thing.”
Cramer also shared why he takes a critical approach on the show. “I work for the viewers, and our viewers are losing a lot of money,” he said and added he spoke for the viewers “because I’m one of them, they’re one me and I think that someone has to say look, the pain is real for individuals, you don’t need to inflict it.”
The CNBC TV show host opined that while markets might appear to be stable, they could change in a heartbeat:
“Well, I just caution to people that there could be a posting, what can I say. There could be a posting about I’m gonna redouble my efforts, or maybe he’s gonna go against Hungarian wine which I kind of like . . .maybe he goes something against Korea. It’s just a matter of time. And then you bought NVIDIA at 119 and then you get a post. It really is like that. I mean I tried to warn people at the Club yesterday, I said look, the posts are the reason why you can’t take stocks. You can maybe bid underneath, but you can’t take them because then you could get a heat-seeking post.”
When co-host Carl Quintanilla asked Cramer whether he wanted to short US treasuries given the uncertainty, he shared: “I don’t want to do that.” Cramer believes that the Fed chair is trying to stabilize everything and described him as “conscious,” “prudent,” and “non-judgemental.” He believes that the Fed chair isn’t mercurial, and went as far as to state that Powell was perhaps the least mercurial man that he’d met.
The day this show was aired marked the 20th anniversary of his evening show, Mad Money. Cramer commented that he wanted to reach out to ordinary Americans with the show and how he stood up to the channel’s previous management to do so:
“What I was really trying to do was make it so it was human. I went and said I want to talk to real people. And previous management said that was just ridiculous. But I didn’t care. Real people are who the show’s about. People who are trying to struggle, trying to make sense of things. I take on people who I think don’t help. And I praise people who do. It’s a very pro-business show. Very pro stock market show. Very pro-capitalism show. And it’s a very pro-viewer show. And it’s really who I care about. The viewers are my boss. Everyone else is ancillary.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on March 14th.
For these stocks, we also mentioned the number of hedge fund investors. 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).
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Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders In Q4 2024: 126
Tesla, Inc. (NASDAQ:TSLA)’s shares have been the talk of the town in March. They have shed nearly 21% of their value during the month on the back of worries about dropping demand for the firm’s vehicles due to CEO Elon Musk’s politics. Cramer has commented on these concerns and stressed that Tesla, Inc. (NASDAQ:TSLA) needs to point out to investors that it is an AI and humanoid robot company. He pivoted to the vehicle sales this time around:
“Oh I mean like the unsigned letter. . .
“Well I mean people still keep looking at the, the actual numbers of the sales. And they’re not great. You know that undercurrent is always, well, he turned out to be, Musk turned out to be very political and hard right, and there’s a, there is an overlap between people who are worried about climate and the left. Plus the protests. Lot of things going on against it. If I were him, I’d focus on I don’t know, SpaceX.
“[On Wells Fargo calling the sales decline shocking] Shocking. Shocking. And some of that, remember, is BMW didn’t have good numbers, but BMW is export to China. Auto business is really not that good right now. People don’t realize that when the President was talking about putting bigger tariffs on Canada. That is right, that just kills GM. Explains why their multiple’s really bad. It hurts Ford. These autos are really ping pong. So if you’re gonna hurt GM and Ford, you gotta then put a tariff on Korea. I just wish the President would get over it.”
Overall, TSLA ranks 4th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSLA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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