Jim Cramer Doesn’t Like These 5 Stocks

1. Twitter, Inc. (NYSE:TWTR)

Number of Hedge Fund Holders: 83

Twitter, Inc. (NYSE:TWTR) owns and runs a social networking platform. Cramer gave the stock a Sell recommendation during the Discussed Stock segment of his show on April 25. The journalist investor was bearish on the stock, going as far as to say that the firm was “a case study in how not to run a company”. He highlighted that the company now needed someone like “Elon Musk taking it private to fix its many problems”. Cramer also said that the firm was a “worst-of-breed company”. 

On April 28, Piper Sandler analyst Thomas Champion kept a Neutral rating on Twitter, Inc. (NYSE:TWTR) stock and raised the price target to $51.50 from $46. The analyst, in an otherwise bullish investor note, noted that the firm had “disconnected from fundamentals”. 

At the end of the fourth quarter of 2021, 83 hedge funds in the database of Insider Monkey held stakes worth $3.1 billion in Twitter, Inc. (NYSE:TWTR), compared to 94 in the preceding quarter worth $6.3 billion. 

ClearBridge Investments, in its Q4 2021 investor letter, mentioned Twitter, Inc. (NYSE:TWTR). Here is what the fund has to say in its letter:

“Weakness among our holdings in the communication services sector was the other detractor to performance. Twitter, Inc. (NYSE:TWTR) shares sold off following weaker than expected third-quarter results, but under new leadership, we see the potential for improved execution and performance as live events and entertainment return to pre-pandemic levels.”

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