Full Breakdown
Jim Cramer Updates Bullpen: New Additions and Removals
4/17/2026, 8:49:22 PM
Overview of the Bullpen Update
During the April Monthly Meeting, Jim Cramer announced significant changes to the Bullpen, a watchlist of stocks monitored by the CNBC Investing Club. This update includes the addition of two new stocks and the removal of several others, reflecting a strategic reassessment of potential investments.
New Additions to the Bullpen
Cramer expressed optimism about two new stocks:
ARM Holdings
The British semiconductor company ARM Holdings has been added to the Bullpen following the introduction of its first in-house chip, which has Meta Platforms as its initial customer. Cramer views the stock as undervalued at $161 per share and believes that the AGI CPU will soon be integrated into various tech devices. He noted that under different market conditions, the Club would consider initiating a purchase.
FedEx
FedEx has also been included in the Bullpen, with Cramer highlighting its dramatic 30% rally this year. He considers the stock to be "dramatically undervalued," particularly as the company prepares to spin off its less-than-truckload shipping unit, FedEx Freight, expected to be completed by June 1. Cramer praised CEO Raj Subramaniam for effectively navigating a competitive landscape.
Stocks Removed from the Bullpen
Several stocks were removed from the Bullpen due to various concerns:
Airbnb
Cramer described Airbnb as "too episodic," suggesting that while it has shown solid growth, there are better options for investing in consumer travel.
Marvell Technology
Marvell Technology, a leader in custom chips, was removed after a significant 57% rally in 2026, which Cramer believes has made it an unviable purchase at this time.
Intuitive Surgical
Following a disappointing quarterly report, Intuitive Surgical was labeled a "dead duck" by Cramer, who expressed a lack of confidence in the stock's future performance.
Other Removals
Additional stocks removed include Novartis, Dell Technologies, Kimberly-Clark, and Nucor, each facing specific challenges or competitive concerns that led to their exclusion from the Bullpen.
Market Context and Implications
The updates to the Bullpen occur against a backdrop of significant market fluctuations, particularly following the recent Iran war, which had initially depressed stock prices. However, the S&P 500 and Nasdaq have since rebounded, gaining 10.7% and 15.5%, respectively, as of the last trading session. Cramer has consistently advised against panic selling during turbulent times, emphasizing the importance of strategic investment decisions.
Official Statements & Responses
Cramer stated, "We are bullish on ARM Holdings and FedEx, but we must remain cautious with our selections." He also noted that the removals reflect a need to realign the portfolio with current market conditions and performance expectations.
Conflicting Reports & Gaps
While Cramer has expressed confidence in the new additions, the rationale for removing stocks like Intuitive Surgical and Airbnb has not been universally accepted, with some analysts suggesting that these companies may still hold potential for recovery.
Verbatim Quotes
This update to the Bullpen reflects a dynamic approach to investment strategy, emphasizing the need for ongoing evaluation in a rapidly changing market environment.
