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Jim Cramer is one of the top watched TV personalities on CNBC. He is the host of Mad Money and also the co-founder and chairman of TheStreet.com. Nearly two hundred fifty thousand people watch his show daily on TV and most of these are ordinary investors trying to understand what’s going on in the market. Jim Cramer’s bullish and bearish stock picks on his show is the starting point for many investments made by these folks. Cramer makes several bullish calls in his show but he only buys a small proportion of these stocks for his charitable trust. Here are the stocks Jim Cramer is extremely bullish about:

Stock

No of Hedge Funds

Value (x1000)

Apple Inc. (NASDAQ:AAPL)

85

7,316,905

Bank of America (NYSE:BAC)

67

5,578,935

General Motors (NYSE:GM)

54

1,567,579

Oracle Corp. (NYSE:ORCL)

49

2,174,740

WellPoint, Inc. (NYSE:WLP)

49

2,942,458

Viacom, Inc. (VIA.B)

46

3,441,414

Apache Corp. (NYSE:APA)

41

1,802,685

Express Scripts, Inc. (NASDAQ:ESRX)

39

2,240,387

Ensco PLC (NYSE:ESV)

39

1,712,122

Coca-Cola Company (NYSE:KO)

38

16,374,005

Lowe's Companies (NYSE:LOW)

38

1,545,225

IBM Corp. (NYSE:IBM)

37

2,473,693

American Express (NYSE:AXP)

34

8,049,217

Emerson Electric (NYSE:EMR)

34

785,293

EMC Corp. (NYSE:EMC)

33

2,135,407

Stanley Black & Decker, Inc. (NYSE:SWK)

31

1,009,834

United Parcel Service (NYSE:UPS)

31

1,152,301

Cummins, Inc. (NYSE:CMI)

30

754,390

Deere & Co. (NYSE:DE)

29

1,194,937

Accenture PLC (NYSE:ACN)

27

1,533,690

PNC Financial (NYSE:PNC)

27

987,671

Hess Corporation (NYSE:HES)

26

438,267

Kohl's Corporation (NYSE:KSS)

26

576,631

Boeing Company (NYSE:BA)

25

1,272,070

Weatherford International Ltd. (NYSE:WFT)

25

449,565

Alcoa Inc. (NYSE:AA)

23

858,537

Caterpillar, Inc. (NYSE:CAT)

23

1,514,640

Prudential Financial Corp. (NYSE:PRU)

20

494,907

Sanofi-Aventis (NYSE:SNY)

19

955,448

Starwood Hotels & Resorts (NYSE:HOT)

18

425,886

Juniper Networks (NYSE:JNPR)

15

103,559

Kellogg Co. (NYSE:K)

14

225,140

Novagold Resources, Inc. (NYSEMKT:NG)

12

737,089

Cramer has been bullish about Apple for a very long time. It is also one of the most popular stocks among 300+ hedge funds we track. There were 85 funds with Apple holdings at the end of March. The total value of their investments in Apple was more than $7 Billion. Hedge fund stars like David Einhorn, John Griffin, Chase Coleman and Dan Loeb all have Apple in their portfolios.

Financial stocks haven’t performed well so far in 2011. Jim Cramer has Bank of America in his charitable trust. There were 67 hedge funds with Bank of America holdings at the end of March. John Paulson’s Paulson & Co. and Bruce Berkowitz’s Fairholme had more than $1 Billion invested in Bank of America at the end of March. Eric Mindich’s Eton Park and David Tepper’s Appaloosa had significant positions in the stock as well.

Jim Cramer’s third position with a lot of hedge fund interest is General Motors. There were 54 hedge funds with a cumulative $1.6 Billion investment in GM. During the first quarter, Bill Ackman sold his General Motors (GM) stake entirely. General Motors was one of the most popular stocks among hedge funds at the end of 2010. John Griffin’s Blue Rigde, George Soros, David Tepper’s Appaloosa, Roberto Mignone’s Bridger Management, Richard Perry’s Perry Capital, Larry Robbins’ Glenview, Doug Silverman’s Senator Investment Group, Barry Rosenstein’s JANA Partners, Paul Tanico’s Castlerock, Pavel Begun’s 3G Capital and Leon Cooperman’s Omega Advisors are among the several high profile hedge funds with GM positions. David Tepper and George Soros sold almost all of their GM stakes. John Griffin, Larry Robbins, Doug Silverman, Barry Rosenstein, Paul Tanico, and Pavel Begun sold their entire stake. GM is one of those stocks where there is no consensus among prominent investors about the prospects of the company.

Jim Cramer usually recommends momentum stocks. However, this is not the case here. These stocks returned 3.1% since the end of 2010, underperforming the market. They also lost 3.9% since the end of March, vs. -1.6% return for the SPY. Jim Cramer seems to be trying to pick the bottom in some stocks. Bank of America, General Motors, and Weatherford International are among these stocks. We like Jim Cramer’s show and stock picks. Investors can’t buy every stock he mentions in his portfolio but Cramer’s long term track record is better than passive investing.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Jim Cramer Is Really Bullish About These Stocks