Stocks to Stay Away From

It's never completely smooth sailing when it comes to the stock market, so while there are some securities that are ready to rally, there are still pitfalls investors should look out for, according to Cramer.

Cramer warned investors to stay away from many stocks that have already rallied this year after falling sharply in 2022. They should especially stay away from stocks that were shorted heavily.

He named online used car marketplace Carvana $CVNA.US$ - Get Free Report and cloud-based AI lending platform Upstart $UPST.US$ - Get Free Report as two names he would stay away from.

"The fundamentals -- they're just too ugly," he stated.