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We recently published a list of Jim Cramer’s Latest Calls: Top 10 Stocks. In this article, we are going to take a look at where Rivian Automotive, Inc. (NASDAQ:RIVN) stands against other top stocks that Jim Cramer discusses.
Jim Cramer recently talked about the impact of tariffs on the US stock market and mentioned some similar events from history.
“We know that the president, who loves tariffs, is now threatening to put tariffs on our trading adversaries that are as high or higher than the fabled Smoot-Hawley Tariff Act of 1930 — yeah, the one that helped cause the Great Depression. The sellers are not oblivious to history, even with the White House is as they see Trump mimicking legendary president Herbert Hoover, who, despite endless diatribes by economists saying Smoot-Hawley could destroy the economy, championed and signed the bill in the name of — yes — the Working Man, especially the farmers. Exports dropped 60%, and we went into the worst depression in our nation’s history. Hoover regretted it, saying that they should be repealed in 1932 — way too late. I think the comparison is excessive, but you never want to be in the same sentence as Herbert Hoover, should you join the sellers.”
Cramer announced the end of Mag. 7 and said he’s buying low-multiple tech stocks, banks and industrials for his charitable trust.
“I would not jump back into the Magnificent 7 because, as of tonight, there is no mag. Came up with that name, scrapping it right now. No moniker fits the 2 or 3 that remain viable.”
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 Jim Cramer has been talking about over the past few weeks. With each stock we have 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).
A state-of-the-art electric vehicle charging at a station at a suburban mall.
Rivian Automotive, Inc. (NASDAQ:RIVN)
Number of Hedge Funds Investors: 31
A few days ago, Jim Cramer was asked about Rivian Automotive, Inc. (NASDAQ:RIVN) in a latest program. He said he cannot recommend the stock.
“I don’t like doo market and while I still appreciate Rivian’s balance sheet they need so much more money I think ultimately to become a big company so I cannot go there because I think you’ll look back and say why did Jim green like that to me and I’m not going to do that.”