Jim Cramer on Accenture (ACN): “Hurt by the DOGE Crowd – Better to Buy Palantir”

Insider Monkey
18 Apr

We recently published a list of 12 Stocks on Jim Cramer’s Radar Recently. In this article, we are going to take a look at where Accenture plc (NYSE:ACN) stands against other stocks that on Jim Cramer’s radar recently.

On Tuesday, Jim Cramer, host of Mad Money, criticized the market’s reaction, or lack thereof, to the recent dip in long-term interest rates. He pointed out that the 10-year Treasury yield had fallen back to 4.3%, yet barely anyone took notice. “Maybe, just maybe, it’s no big deal,” he said.

“Long-term interest rates plunged today, but did you hear a word about it? Nobody paid any attention to the interest rate decline. I never heard anyone talk about it, especially the very people who kept warning that ever higher rates were signaling that our financial system was in real trouble.”

READ ALSO Jim Cramer Discussed These 12 Stocks Recently and Jim Cramer is Bullish on These 10 Stocks

Cramer said that the same voices who claimed that higher rates were indicative of a collapsing faith in the U.S. economy, a threat to the dollar’s reserve currency status, and harbingers of hyperinflation or stagflation suddenly had nothing to say now that rates were moving in the opposite direction.

He quipped, “Let’s get some ex-Federal Reserve people or even some live ones to tell us that the party’s over.”  He called out what he sees as an eagerness among some to spread gloom whenever it suits their narrative. When the rates drop, he noted, the reaction is indifference. He added:

“That’s how this issue’s been covered for ages, but it’s only gotten worse since Trump has sworn in.”

Cramer acknowledged the seriousness of the United States’ $36 trillion national debt and said he does not blame people for being concerned about Treasury yields. However, he insisted that if people are going to sound the alarm when yields rise, they should at least acknowledge or feel some level of reassurance when they decline. Cramer admitted that the political climate in Washington is confusing and, at times, legitimately troubling for markets. He added:

“But like yesterday, when I opined about the chicken littles who tell us that a weak dollar means a weak country and a terrible stock market, I’m going to demand that people stop making Treasury mountains out of Treasury molehills.”

Our Methodology

For this article, we compiled a list of 12 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 15. 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).

Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 79

A caller asked if Accenture plc (NYSE:ACN) would be a good buy. In response, Cramer remarked:

“Accenture got, apparently, the way that people are looking at Accenture is that Accenture’s being hurt by the DOGE crowd, and if that’s the case, you can’t go against DOGE. It’s, I’ll tell you the truth, it’s better to buy Palantir.”

Accenture (NYSE:ACN) is a professional services company that focuses on strategy, consulting, technology, and operations. It provides services like application solutions and intelligent automation. On March 21, Cramer stated:

“Alright, Accenture okay. This is the other side of the Tesla trade, this stock has now dropped from 396 to 296 and that’s because on the call, they said look, we have a huge percentage of our business is federal. And, we’ve been told, there’s not a lot procurement going on. Because everything’s frozen. And it’s crushed their business. So if you think that Musk leaves to go to Tesla, you can go buy Accenture. And maybe pick up fifty, sixty points. So there’s the other side of the trade for those are ready to go bullish.”

Overall, ACN ranks 6th on our list of stocks that on Jim Cramer’s radar recently. While we acknowledge the potential of ACN 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 timeframe. 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 ACN 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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10