Jim Cramer Discusses These 10 Stocks & Says “Traders Are Dumb As Wood”

4. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders In Q4 2024: 79

Accenture plc (NYSE:ACN) is one of the largest consulting companies in the world. The firm’s shares dipped by 7% in March after it revealed that cost-cutting efforts in the US government could mean that its revenue could drop. Accenture plc (NYSE:ACN)’s shares have lost 20% over the past year and 13% year-to-date as the firm has navigated other headwinds such as its financial services customers pulling back spending in 2024. Here are Cramer’s latest remarks about Accenture plc (NYSE:ACN):

“[On ACN pointing out that lower government spending will hurt sales] Everyone was fearful of this! Everyone was! But the analysts just endlessly told you not to worry. Don’t worry. Not to worry. Well they were wrong. They said that we’d be safe in Accenture. They were wrong.”

“Look, this was the big worry. All the, all the consultants were worried because I think that you know what Musk thinks? I think he thinks that they are not worth as much as they think they are.”

“Their business is slowing but I do think that it’s just one vertical. And I’m gonna try to be like the analysts and find something good to say because that’s all they ever do with Accenture. They love Accenture, so this must be really, right in the wheelhouse of all these analysts. I called them sycophants, or I haven’t called them sycophants yet. Who love this company. They love it. And I do think that Julia Sweet’s smart. She’s smart.”