We recently published a list of Jim Cramer’s Thoughts on These 7 Stocks. In this article, we are going to take a look at where Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) stands against other stocks that Jim Cramer discusses.
On Thursday, Jim Cramer, host of Mad Money, discussed the recent rally in the market, which followed several days of significant losses. He attributed the rebound to a combination of strong earnings reports and the White House’s measured approach.
“If you know how to bowl, you made a killing today because we had some of the best pin action off earnings that I’ve seen in ages. It was pure joy as we watched one lead pin after another slash and slam the sticks behind it. Kaboom. Strike after strike after strike. Throw in total radio silence from the White House on anything business-related, and you end up with a nice powerful rally.”
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Cramer acknowledged that several factors contribute to a rally of such a magnitude, including an initial sense of despair that can act as a catalyst. He recalled that just the previous Monday, the White House had reached a new low point when President Donald Trump publicly criticized Jerome Powell, the chairman of the Federal Reserve, someone who commands widespread respect on Wall Street. He added:
“So when the president did the unthinkable, at least for him, and he backed off, saying he had no plans to fire Powell, he gave us the fuel we needed for a spectacular rally.”
In addition, Cramer pointed out that some positive news came from an unexpected source, corporate earnings. Cramer enthused that the earnings stood in stark contrast to the pessimism surrounding the economy, especially from the usual bear-leaning hedge fund managers, who had been predicting a recession. He noted that these individuals had warned that companies would soon show signs of significant trouble when their earnings reports came in. Instead, the opposite occurred, with many companies exceeding expectations, adding to the rally.
“Here’s the bottom line: When the White House is dignified or at least silent at the same time that the PRC goes all WWE, while our Jimmy Stewart of the Fed chief gets back to being unsoiled, well then, ladies and gentlemen, that’s a bowler’s bull market. Beware of flying pins, everybody, because the balls are rolling fast and furious, and I don’t see anything that could be left standing.”
For this article, we compiled a list of 7 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 24. 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.
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