We recently published a list of Jim Cramer’s Top Picks: 10 Stocks to Buy and Sell. Since MongoDB, Inc. (NASDAQ:MDB) ranks 4th on the list, it deserves a deeper look.

Commenting on the aggressive rate cut by the Federal Reserve, Jim Cramer said in a latest program on CNBC that the “double” rate cut was needed for the economy and it would help the housing market, industrials and companies catering to the “less well-off” households.

“There really are two economies in this country. There is the one that needs lower interest rates because business is slowing and it’s harder to find a job and then there is one that says we don’t really care about where the stinking rates are. That’s who we can get a double rate cut today and still going lower.”

Cramer said he is currently in Silicon Valley and after talking to many companies, he feels tech companies do not care about interest rates since they are selling to businesses. Cramer said these technology companies are focused on innovation.

For this article, we picked 10 stocks Jim Cramer recently talked about during his latest programs on CNBC. With each company we have mentioned the number of hedge fund investors. 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).

 

Mongodb Inc (NASDAQ:MDB)

Number of Hedge Fund Investors: 54

When asked about Mongodb Inc (NASDAQ:MDB), here is what Cramer said during a latest program:

“That was an enterprise software company that put up terrific numbers that is not getting credit.”

Cramer said that’s because people “hate” enterprise software. However, he thinks MongoDB is at the “right place.”

Wedbush analyst Dan Ives said a couple of months back that AI stocks including Mongodb Inc (NASDAQ:MDB) are “way oversold.”

MongoDB Inc (NASDAQ:MDB) shares plunged after Q1 results but rebounded as Q2 numbers eased investors’ concerns.

Mongodb Inc (NASDAQ:MDB) is a decent AI play amid its database AI applications that can handle complex data structures efficiently, eliminating the need for multiple database systems and simplifying processes.

Mongodb Inc (NASDAQ:MDB) has launched the MongoDB AI Applications Program. This initiative offers resources like reference architectures, a full tech stack, professional services, and unified support to help customers implement AI using its platform. MongoDB is also gaining traction in search. Delivery Hero is using MongoDB Atlas Vector Search, and a major gaming company has shifted its content moderation platform to Atlas and Atlas Search. The gaming company uses Atlas Search Nodes for workload isolation and high performance. Additionally, Mongodb Inc (NASDAQ:MDB) made Stream Processing generally available in May, drawing significant interest. This momentum supports MongoDB’s belief that its platform can handle a wide range of use cases.