We recently published a list of Jim Cramer Discusses These 13 Stocks & Criticizes Billionaires. In this article, we are going to take a look at where Johnson & Johnson (NYSE:JNJ) stands against other stocks that Jim Cramer discusses.

In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer continued to warn users to not trust billionaires. His remarks built on an earlier show, where he had shared that “you can’t make money listening to a billionaire because they already have made money.”

This time around, Cramer outlined that billionaires often share the sentiment that it’s hard for others to become as rich as they are. “They close the door,” he commented and added: “Well they’re always negative.” Cramer also believes that luck might play a large role in making someone a billionaire. According to him: “We never, we never grade them because if they’re billionaires we think that they have to be genius. We never think about luck. We just think, well they might have had really great trade.”

In response, co-host David Faber pointed out that the one key trait that he has observed in most billionaires is their relentless drive. Cramer responded by sharing that billionaires are “tiresome.” He also felt that President Biden’s goodbye speech about oligarchs was “completely ignored.”

During the show, Cramer also commented on how using ChatGPT was proving troublesome. He outlined:

“I use ChatGPT like, probably maybe fifty times a day. I do it text and I’m continually let down by the lack of rigor of what I get. I mean I’ll say tell me everything I need to know about [a pharma company – BMY]. And it won’t even have the patent cliff. Doesn’t mention the patent. . . I mean it just doesn’t get the story at all.”

“Well no, you have to know, the key thing about I think about all these sites is you have to know how to put the question. Give me the pluses and minuses of [BMY], was the actual inquiry. And I just find that, it’s just not rigorous. I mean you can’t rely on it. You have to go to all the different sites. You know I go to. Claude-3 a lot. I’d rather go to Claude Rains than Claude-3.”

Our Methodology

To make our list of the stocks that Jim Cramer talked about, we listed down all the stocks he mentioned during CNBC’s Squawk on the Street aired on February 26th.

For these stocks, we also 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 smiling baby with an array of baby care products in the foreground.

Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders In Q4 2024: 98

Johnson & Johnson (NYSE:JNJ) is one of the biggest pharmaceutical companies in the world. Its heft has enabled the stock to endure despite a multi-billion dollar lawsuit that the firm will take years to settle. Johnson & Johnson (NYSE:JNJ)’s shares are up by a modest 3% over the year as they have benefited from a 14.6% year-to-date gain. The stock gained 4% in January after the firm’s fourth-quarter results saw it post $22.5 billion in revenue and $2.04 in earnings per share to beat analyst estimates. In his previous remarks, Cramer shared that Johnson & Johnson (NYSE:JNJ)’s shares tend to drive the entire sector up. Here are his latest comments:

“JNJ, which had just been, bedraggled down to 140s, has been a horse.”

Overall, JNJ ranks 10th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of JNJ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than JNJ but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

 

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