8 Stocks Bill Ackman and Jim Cramer Are Bullish On

#6 Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Holders: 151

Uber Technologies, Inc. is among the stocks that both Bill Ackman and Jim Cramer have recommended, though Cramer has raised concerns about its near-term performance.

On September 11, Cramer questioned Uber’s earnings momentum. During his September 17 Mad Money program, he said he was not backing away from his recommendation and still believed Uber was a good investment.

Ackman’s Pershing Square Holdings had approximately $1.86 billion in economic exposure to Uber as of September 30, making it the fund’s second-largest reported position at 14% of net assets.

In his Q3 letter, Ackman argued that investors worry too much about disruption from autonomous vehicles. Uber shares fell 5% in the third quarter and 16% so far this year, even though he said the underlying business performed exceptionally well.

Ackman highlighted Uber’s strategy of partnering with multiple autonomous vehicle developers. During the quarter, Uber launched or expanded autonomous vehicle operations in London, Dubai and Croatia, and it plans to operate in 15 cities by year-end.

He also dismissed concerns that AI-powered shopping agents could weaken Uber’s delivery business, citing the complexity of local delivery, real-time inventory management and fulfillment.

Analysts expect Uber’s earnings per share to grow about 30% in 2026 and 42% in 2027, and we looked at whether that growth can continue as robotaxis spread. Check the full analysis here.

According to Ackman, Uber’s earnings were on pace to grow about 35% in 2026, and the stock traded at just 16 times earnings, its lowest valuation ever. Pershing Square expects the company’s EPS to compound at 25% or more over the long term and believes the market assigns too high a probability to disruption from autonomous vehicles.

Uber also shows up in Nancy Pelosi’s trading disclosures, where her husband bought call options on the stock. Click to see the details.

#5 Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 158

Mastercard Incorporated (NYSE:MA) is one of Jim Cramer’s favorite payment companies. During a CNBC Investing Club morning meeting in October, Cramer compared Mastercard with Capital One Financial, a stock held by his Charitable Trust, and said he considered Mastercard the better business.

Cramer praised Mastercard’s growth potential and a business model that lets it benefit from payment activity without taking on the consumer credit risk that traditional lenders carry. He also expressed frustration that his investment club had not taken advantage of the stock’s earlier valuation.

Bill Ackman shares Cramer’s enthusiasm for Mastercard’s business. As of September 30, 2026, Pershing Square Holdings reported a Mastercard position valued at approximately $650.4 million, equivalent to 4.9% of its net assets.

In his Q3 letter, Ackman discussed Mastercard alongside Visa, highlighting the resilience of both companies despite investor concerns about new payment technologies.

In the third quarter, Mastercard’s organic revenue grew 14% from the same quarter a year earlier, supported by high-single-digit growth in payment volume and double-digit growth in cross-border volume. Its value-added services business grew about 19% and earnings per share rose 21%, both from the same quarter a year earlier.

Ackman also sees stablecoins and AI-powered commerce as opportunities for Mastercard’s business. He pointed to the company’s acquisition of stablecoin infrastructure provider BVNK and its work to let AI agents make secure transactions. Mastercard and Visa both face these same threats, and we compared how each one is responding. See the comparison here.

At about 24 times forward earnings, Pershing Square considers Mastercard attractively valued given its growth prospects. Ackman expects the company to generate mid-to-high-teens annual EPS growth and attractive investment returns over the coming years. We also looked at Mastercard’s moat and the one growing threat to it. Read the full breakdown here.

#4 Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 194

Visa Inc. (NYSE:V) is another payment company that Bill Ackman and Jim Cramer both support.

During a February 25, 2026, episode of Mad Money, Cramer answered a caller who was worried about Visa’s share price and repeated his positive view of the company. He called Visa and Mastercard excellent growth businesses and said he slightly prefers Mastercard.

Cramer also said investors should consider buying these payment companies when market sentiment turns negative, because their stock prices fall out of favor from time to time even when their businesses stay strong.

Visa is also a common stock pick between Claude, Ackman and President Trump, as we covered earlier. Click to see why.

Ackman’s Pershing Square Holdings reported approximately $644.5 million in economic exposure to Visa as of September 30, representing 4.9% of its net assets.

In his third-quarter letter, Ackman highlighted Visa’s strong results. Organic revenue grew 12%, earnings per share rose 17% and value-added services revenue grew about 27%, all from the same quarter a year earlier. Higher payment volumes and continued growth in international transactions supported the results.

Ackman also addressed concerns that stablecoins and artificial intelligence could disrupt the traditional payments industry. Pershing Square sees these technologies as opportunities, because they could create more transactions for Visa.

Visa has expanded its stablecoin infrastructure offerings and introduced tools that let banks and financial technology companies issue and manage digital currencies. It has also built tools that let AI agents make secure transactions.

Ackman believes Visa’s valuation of about 24 times forward earnings remains attractive. Pershing Square expects the company to benefit from continued double-digit revenue growth and mid-to-high-teens earnings growth over the coming years. ChatGPT also agrees with Ackman on Visa, and we looked at its reasons. Read the full analysis here.