Jim Cramer on Newsmax (NMAX) - "A Meme Stock, No More Predictable Than a Game"

We recently published a list of Jim Cramer’s Take on These 10 Stocks. In this article, we are going to take a look at where Newsmax (NYSE:NMAX) stands against other stocks that Jim Cramer discusses.

On Wednesday, Jim Cramer, the host of Mad Money, shared his concerns about President Donald Trump’s approach to trade and its implications for investors. Cramer argued that the President seems more focused on punishing America’s trading partners than creating a favorable environment for those looking to invest.

“Whether you think it’s good policy or bad policy, it sure seems like Wall Street’s gotten tired of worrying about it and just says, bring it on. Although today in some sort of weird reprieve, the Dow gained 235 points, the S&P advanced 0.67% and the Nasdaq actually climbed 0.87%. You know what? That’s kind of like a joke. See, because that was before all the announcements after hours and the trades after hours are painting a different picture, a horrendous picture.”

READ ALSO: Jim Cramer Looked At These 23 Stocks Recently and Jim Cramer Put These 16 Stocks Under a Microscope

Cramer emphasized that President Trump has not shown much interest in how stock market performance affects everyday investors recently. He pointed out that Trump has not once mentioned investing in stocks during this period of trade conflict. As per Cramer, it signals that the President no longer prioritizes the stock market. Cramer highlighted that instead, Trump’s primary goal seems to be forcing other countries to submit to U.S. demands, even if it leads to higher inflation and rising prices for goods in America. According to Cramer, Trump is willing to accept the negative impact on the market and the broader economy as long as he achieves his objectives in trade.

“Here’s the bottom line: The stock market may matter to you and me. It used to matter to Trump, but that was then, and this is now. He wants to punish our trading partners for taking advantage of us and he’ll do whatever it takes to make that happen, even if it crushes our stock market and results in higher prices for all sorts of goods for you and me in America. If that’s what it takes to get it done, he is going to do it. I say get over it and we will work together to find stocks that no matter what Trump does, he can’t hurt us even as that universe grows smaller by the day. It turns out I was right. It really is the Walmart White House. Trump really does believe in everyday lower stock prices, not in the supermarket, not in the cereal aisle, and not in the fruit aisle, and not in any of the aisles, only these aisles right here in the New York Stock Exchange.”

Our Methodology

For this article, we compiled a list of 10 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 2. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds.

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).

Newsmax, Inc. (NYSE:NMAX)

Number of Hedge Fund Holders: N/A

Highlighting its recent IPO, a caller asked Cramer’s opinion of Newsmax, Inc. (NYSE:NMAX) and he replied:

“Okay, that’s a good question. Okay, it’s, it’s a meme stock. What does that mean? It means it’s in control by a few people who write, a meme stock actually means that it’s determined by social media. It’s not determined by buyers and sellers of the traditional ilk. Social media was big on it yesterday and it’s turned on it today because we don’t know what social media will do. It’s therefore not predictable. It’s no more predictable for me than who’s going to win in a given game, and there’s no line to help you.”

Newsmax (NYSE:NMAX) is a television broadcaster and content publisher that produces and licenses news, business, and lifestyle content. It also offers online advertising, subscriptions, and e-commerce through its various platforms and subsidiaries.

Overall, NMAX ranks 10th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of NMAX as an investment, our conviction lies in the belief that 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 NMAX but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.