In this article, we will take a detailed look at the Top 10 Buzzing Stocks You Should Watch Today.
Jim Cramer in a recent program on CNBC expressed surprise that the Republican administration could be this damaging to shareholders
“These are hideous depressing days for the bulls. I’m not used to seeing a White House that doesn’t seem to care that it’s causing the decline. It’s dazzlingly counterintuitive to see a Republican in particular be so callous toward the shareholder class. After all historically that constituency has been very pro-Republican. It’s a total blast zone out there and ground zero is tech.”
Cramer said that the tech selloff forced him to revisit his age-old mantra of “own it, don’t trade it” regarding two major technology stocks.
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In.
For this article, we picked 10 stocks Wall Street analysts are paying close attention to. With each company, we have mentioned its latest hedge fund sentiment. 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).
10. Rivian Automotive Inc (NASDAQ:RIVN)
Number of Hedge Fund Investors: 31
Jim Cramer was recently asked about Rivian Automotive Inc (NASDAQ:RIVN). He recommended investors stay away from the stock:
“Go test drive one. Don’t own the stock. I really don’t have that much more to say about it, ’cause I do think that they went through so much money that it is daunting. How about that? Daunting is a nice word. I’m looking at my research director, and he knows when I say daunting, what I really mean is horrible.”
9. Estee Lauder Companies Inc (NYSE:EL)
Number of Hedge Fund Investors: 49
Jim Cramer was recently asked about Estee Lauder Companies Inc (NYSE:EL) during a program on CNBC. Here is what Cramer said:
“It’s just a total turnoff, man. Everything was going so well between us, and I got to break up this date right now, right here. Estee Lauder is one of the worst companies I’ve ever invested in. I don’t want you to do that. As a matter of fact, I got 499 others that I like more. I am very sorry, but we’re gonna have to end the relationship right here.”
Brown Advisors Global Leaders Strategy stated the following regarding The Estée Lauder Companies Inc. (NYSE:EL) in its Q4 2024 investor letter:
“Our exit of The Estée Lauder Companies Inc. (NYSE:EL) has been a topic at both our coaching sessions and our annual offsite during 2024. There are numerous lessons but here’s one from Jordet’s book: “performing under pressure is not about feeling good; it is about doing what is right and smart regardless of how one feels, and particularly when one feels bad.” 12 We undertook our first penalty shootout (drawdown review) in May 2023 and misdiagnosed Estee’s issues as temporary demand in nature, so we bought more. Whenever we buy on a drawdown review, we define quantifiable metrics (kill triggers) specific to each investment, to flag if our thesis is off track. These “kill triggers” are typically assigned with a 12-month time horizon in mind. When we subsequently needed to take a second spot-kick after our kill triggers were activated, we exited due to evidence of more permanent supply-side loss of share to rivals in multiple markets. It didn’t feel good, but Estee’s share price fell materially more after our exit. You must trust the process.”
8. Honeywell International Inc (NASDAQ:HON)
Number of Hedge Fund Investors: 55
Jim Cramer believes Honeywell International Inc (NASDAQ:HON) is undervalued and praised the company’s management in a recent program on CNBC. Here is what Cramer said when he was asked about the industrial and aerospace solutions company:
“Jeff and I talked about this endlessly. We think the stock is dramatically undervalued. We think that Vimal Kapur is doing everything right. We could not believe how low the stock got. I am a firm believer and a buyer of Honeybell even at these levels. Yes, I like it that much. It was down 8% last week. That’s nutty.”
7. Shopify Inc (NASDAQ:SHOP)
Number of Hedge Fund Investors: 56
Jim Cramer in a recent program on CNBC said he’s bullish on Shopify Inc (NASDAQ:SHOP) and recommended investors hold the stock:
“Better than ever, the Shopmaster. I think it’s great. Harley (Shopify President) is great. I love those guys. I think you got a total winner. I would not trade it. I would not move a share. Shopify, yes.”
Artisan Global Opportunities Fund stated the following regarding Shopify Inc. (NASDAQ:SHOP) in its Q4 2024 investor letter:
“Among our top Q4 contributors were Atlassian and Shopify Inc. (NASDAQ:SHOP). Our conviction in Shopify grew after it decided to exit the logistics business in favor of a capital-light partnership model, which we viewed as significantly narrowing the downside range of outcomes and allowed it to focus on what it does so well: developing great e-commerce software solutions for brands of all sizes. We have been encouraged by Shopify’s subsequent pace of innovative new product enhancements, including using AI assistants to help brands run their businesses. Shares rallied after the company reported strong earnings results, including 24% growth in gross merchandise volume, and management raised its forward guidance.”
6. Verizon Communications Inc (NYSE:VZ)
Number of Hedge Fund Investors: 57
Jim Cramer in a recent program discussed a research report on Verizon Communications Inc (NYSE:VZ) and said the company is among the beneficiaries in the current environment amid its local customer base.
“I’m putting together a list every day of the companies that are now I’m calling the anointed company. You can call them the sainted companies. These are the companies that are what you have to buy here. And David, one that I think you and I are both kind of in awe is the turnaround of Verizon. Today Evercore upgrades it.”
Verizon beat Wall Street estimates for its latest quarterly results for earnings and revenue, but the stock wavered as the company lost more postpaid subscribers than expected. However, VZ bulls believe the market reaction to subscriber loss was overdone. The company’s guidance shows wireless service revenue is set to rise 2% to 2.8% from a year earlier. The company also sees profit margins improving, with adjusted EBITDA forecast to grow 2% to 3.5%. EPS could increase by as much as 3%, and free cash flow is projected between $17.5 billion and $18.5 billion.
5. Coca-Cola Co (NYSE:KO)
Number of Hedge Fund Investors: 69
Jim Cramer in a latest program on CNBC made some bullish comments about Coca-Cola Co (NYSE:KO), praising the company’s management and calling the stock a “winner.”
“I love that. I think it’s James Quincey is terrific. It’s got a good dividend, it’s really well-run, it’s got an international presence, but at the same time is not has a China problem, and it’s doing well in this environment. You have a winner.”
