Jim Cramer Shed Light on These 8 Stocks Recently: Where Does Coinbase (COIN) Stand?

We recently compiled a list of the Jim Cramer Shed Light on These 8 Stocks Recently. In this article, we are going to take a look at where Coinbase

Jim Cramer, host of Mad Money, recently highlighted eight stocks that he believes investors should be keeping an eye on. Among these stocks is Coinbase Global, Inc. (NASDAQ:COIN), which Cramer suggests buying Bitcoin over instead.

"Listen, sunshine, just go buy coin, just go buy the Bitcoin. Well, yeah. What do we do with the Coinbase? We don’t want the Coinbase, we want the Bitcoin because that could be a, by the way, the, we make that special petroleum reserve slash Bitcoin reserve, that'll do better than Coinbase."

Coinbase provides technology and infrastructure for the cryptocurrency economy, offering consumer financial accounts, a marketplace for institutional transactions, and development tools for developers. In November 2024, Cramer said:

“Coinbase is what I call an up stock. It's just an up stock. You're not gonna stop it. Palantir's an up stock. Coinbase is an up stock. Robinhood's an up stock. These are stocks that there are buyers every time they pull back and there probably will be to year end. Coinbase is a winner.”

Coinbase shares closed down 1.16% on Friday at $84.07. Shares of the company have gained over 100% YTD.

Our Methodology

For this article, we compiled a list of 8 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on February 4. We listed the stocks in ascending order of their hedge fund sentiment as of the third quarter, which was taken from Insider Monkey's database of 900 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 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).