Jim Cramer Discussed These 12 Stocks & Elon Musk Vs Sam Altman

9. The Boston Beer Company, Inc. (NYSE:SAM)

Number of Hedge Fund Holders In Q3 2024: 28

The Boston Beer Company, Inc. (NYSE:SAM) is an American beer company with a global presence in countries such as Australia, New Zealand, and Canada. Its shares are down by 31% over the past twelve months as the firm has struggled with beer shipments and struggled to turn a profit. More recently, The Boston Beer Company, Inc. (NYSE:SAM)’s stock dipped by 2% in January after investment bank Piper Sandler downgraded the stock to Neutral from Overweight because of disappointing sales of the firm’s Twisted Tea and Hard Mountain Dew. In his remarks, Cramer commented on The Boston Beer Company, Inc. (NYSE:SAM) downgrade and the broader turmoil in the beer industry:

“But one of the things that I now think I’m going to predict on our show, which is that companies that are in the consumer business, with the exception of airlines, are going to have to roll back prices. I mean I saw a downgrade of Boston Beer today. Beer’s too hot. Beer. Beer has to come down. It does! I mean these, these liquor companies, what do they think, what are they thinking? That you know just let’s keep prices high? And people will drink? You don’t do that. If you don’t sell things in this country, you lower the price.”