Jim Cramer on JPMorgan (JPM) Chase's Analyst Meetings: "It Moves Stocks"

We recently published a list of 15 Stocks on Jim Cramer’s Radar. In this article, we are going to take a look at where JPMorgan Chase & Co. (NYSE:JPM) stands against other stocks on Jim Cramer’s radar

On Friday’s episode of Mad Money, Jim Cramer reflected on this week’s market performance, with attention to upcoming earnings reports and broader market sentiment.

“Now we’ve been on a real rebound since post-Liberation Day meltdown back in the first week of April, with tech leading the way after really taking it on the chin.”

READ ALSO Jim Cramer Recently Commented On These 12 Stocks and Jim Cramer Put These 8 Stocks Under a Microscope Recently

According to Cramer, the rebound has been largely driven by tech stocks, which had previously been under pressure. However, he expressed uncertainty about whether that trend will hold, as he mentioned that the tech sector has been relatively quiet in terms of news, aside from a keynote from Jensen Huang. Looking ahead, Cramer noted that more retail earnings are expected this week.

“But here’s the bottom line: Unless we get news of new hostilities in the trade war with China, I think this market’s propensity will still be to go higher, even though we are overbought. And even with this late-night credit rating downgrade of the US debt, which is very quizzical to me, I think we’re containing the downside of the economy, and that means no recession, which tells me the negativity may be out of sync with the reality. That’s often the best kind of market…”

Our Methodology

For this article, we compiled a list of 15 stocks that were discussed by Jim Cramer during the episodes of Mad Money aired on May 16. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock 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).

JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 123

Next on his list was JPMorgan Chase & Co. (NYSE:JPM), and Cramer said:

“Next up, analyst meetings are often very dry affairs that are informational but not actionable. That is not the case, though, when JPMorgan, the largest bank, speaks on Monday. Their analyst meeting moves, well, I’ll tell you, it moves stocks, especially when CEO Jamie Dimon gives his somewhat jaundiced view of the world because, well, he’s somewhat jaundiced. He may be a tad saturnine, too, while I’m at it.”

JPMorgan (NYSE:JPM) offers services in areas such as consumer banking, investment banking, lending, and asset management. The company’s clients include individuals, small businesses, corporations, and large institutions. Carillon Tower Advisers stated the following regarding JPMorgan Chase & Co. (NYSE:JPM) in its Q4 2024 investor letter:

“JPMorgan Chase & Co. (NYSE:JPM) also contributed to performance due to optimism regarding the election outcome. Investors expect a wave of deregulation, and a more permissive stance on M&A could bode well for JPMorgan’s capital markets businesses.”

Overall, JPM ranks 2nd on our list of stocks on Jim Cramer’s radar. While we acknowledge the potential of JPM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk.  If you are looking for an AI stock that is more promising than JPM and that has 100x upside potential, 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.