We recently published a list of Did Jim Cramer Hit or Miss On These 13 Stock Predictions? In this article, we are going to take a look at where Amazon.com, Inc. (NASDAQ:AMZN) stands against other stocks that Jim Cramer discussed during the episode of Mad Money on May 1st, 2024.
During the Mad Money episode which aired on Tuesday, Jim Cramer discussed how stock ownership is viewed in the United States, saying:
“Alright, look, lately, we can’t go a day without hearing some widespread misperceptions about stock ownership. I gotta tell you, I think it’s infuriating. Here we are celebrating the 20th anniversary of Mad Money, dedicated to the proposition that you can potentially make lots of money by picking individual stocks, yet I keep hearing that most Americans don’t care about the stock market, and this direction means nothing.”
READ ALSO: How Did Jim Cramer’s 12 Bold Predictions Play Out? and Did Jim Cramer Nail All These 9 Stock Predictions?
Jim Cramer challenged the idea that the stock market only serves the wealthy, calling it a flawed and dismissive perspective that overlooks the financial involvement of millions of ordinary Americans, saying:
“It’s the whole reason anyone watches the darn show, and it generally matters, not just to the rich, but to tens of millions of regular people, home gamers, and never let any politician tell you otherwise. […] More than 60% of Americans have some exposure to the market, either directly or indirectly. 70 million people have active 401Ks. Millions more have retired with them. 60 million people have IRAs. Only 156 million people voted in November. I mean, we’re talking half the electorate here.”
Cramer argued that stockholders make up a major segment of the population and should not be ignored. He stated, “It’s not just arrogant, rich people who own stocks.” He also criticized affluent individuals who caution others against investing in stocks while continuing to benefit from their tax advantages. As he put it:
“Now look, stocks are ridiculously tax advantaged, more than just rich people want that. In a world where probably no more than 10% of this country can retire on their paycheck savings, stocks represent a different kind of social security, a one-sided pack where people try to save and the government dismisses them.”
Methodology
For this article, we compiled a list of 13 stocks that were discussed by Jim Cramer during the episode of Mad Money on May 1st, 2024. We then calculated their performance from May 1st, 2024, market close to April 30th, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey’s Q4 2024 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them.
Please note that this article mentions Jim Cramer’s previous opinions and may not account for any changes to his opinions regarding the stocks that are mentioned. It is primarily an examination of how his previously provided opinions have panned out.
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).
A customer entering an internet retail store, illustrating the convenience of online shopping.
Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 339
Amazon.com, Inc. (NASDAQ:AMZN), the e-commerce and cloud computing giant, was praised in that older episode after reporting a “lights out” quarter with strong results in AWS, advertising, and international segments. Here’s what Jim Cramer said at the time:
“Buyers reached for Amazon which reported last night an absolutely tremendous lights out quarter with strength in Amazon Web Services, advertising, and Amazon international. You absolutely have to love those positives. Amazon’s at the top of the class when it comes to generative AI. It’s got so much going for that it’s almost too long to list here. It was a smash hit! If you get a chance to read the release you will be blown away.”
The e-commerce giant has barely risen over the past 12 months, now up 5.12% overall.
Jim Cramer recently listed the biggest winners over the past 20 years and of course Amazon.com, Inc. (NASDAQ:AMZN) was included. Here’s what he said about it:
“Next, we’re entering cream of the crop territory. In sixth place, we find a Magnificent Seven named Amazon, up more than 10,700% gain in the Mad Money era. When this show began, Amazon was a lowly survivor of the Dot-com bust, growing its e-commerce business nicely, but still barely profitable. Since then, though, it’s grown into a colossus with its sprawling e-commerce business and a bountiful cloud infrastructure division.
Now, as a mega-cap tech giant, Amazon has all sorts of exciting new growth opportunities, from a still underappreciated advertising business to the Prime membership program that’s brought the company into the streaming media space. Much, much more. Amazon reports on Thursday night and while I’m sure there’ll be a lot of talk about tariffs of course, and the state of the consumer, this is one of the few retailers with enough bargaining power to truly mitigate these new import duties and I still like it for the long haul [buy, buy, buy].”
Overall, AMZN ranks 11th on our list of stocks that Jim Cramer discussed during the episode of Mad Money on May 1st, 2024. While we acknowledge the potential of AMZN 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. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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