Did Jim Cramer Nail or Miss These 14 Stocks?

7. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 79

3M Company (NYSE:MMM) is a diversified industrial giant known for products ranging from adhesives to healthcare solutions. In that older episode, Cramer saw improving prospects for 3M, mostly due to its spinoff and change in leadership:

“This spin-off of Solventum is part of a broader simplification and cleanup effort by the outgoing CEO Mike Roman […] Clearly, Wall Street likes that 3M is bringing in a new leader. […] Right now, I feel better about this company’s prospects than I have in so many years. I sure wouldn’t stand in your way if you wanted to start buying some of this stock. I know it’s still risky, but it hasn’t been this attractive in years. Buy, buy you heard it, buy.”

3M Company (NYSE:MMM) has surged 62.93% since that episode, strongly supporting Cramer’s call that the stock was attractive at the time.

Here are Jim Cramer’s latest remarks on the stock as of the 10^th of February:

“Can you imagine if my father had bought shares in a nice dividend stock for me, 3M, rather than national video… In retrospect, I learned the most about stocks from two 3M board games. Yes, they used to have board games. Those board games were called Acquire and Stocks & Bonds.”