Jim Cramer’s Analysis of Top-Performing Stocks in 2024

Jim Cramer reviews ten stocks that are up more than 200% so far this year

Key Takeaways:

* CNBC’s Jim Cramer on Wednesday highlighted ten stocks, each valued at over $1 billion, that have gained over 200% this year. While he considers them potentially smart investments, he also notes that many carry significant risk.

* Cramer emphasized that these stocks demonstrate the potential upside of speculative investments, reminding investors to consider them alongside safer assets.

Cramer's list includes:

1. Rocket Lab: Aerospace growth driven by expanding satellite operations.

2. Cava: Modeled after Chipotle, with growth potential in the fast-casual dining space.

3. Palantir: Known for major defense contracts, achieving a “cult stock” status.

4. Powell Industries: Shifted from oil equipment to critical electrical infrastructure.

5. Vistra: Rising with data center energy demands, now investing in renewables.

6. Carvana: Gaining ground after debt restructuring and consumer interest.

7. AST SpaceMobile: Partners with Verizon and AT&T in satellite tech, appealing to space-focused investors.

8. MicroStrategy: Noted for substantial Bitcoin holdings.

9. AppLovin: A standout in app analytics and AI for developer support.

10. NuScale Power: Developing nuclear reactors, attracting investors with high funding potential.