Jim Cramer Got These 10 Stocks All Wrong

8. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 45

Ford Motor Company (NYSE:F), the iconic American automaker known for its F-series trucks and expanding EV lineup, was one of Cramer’s picks last year when he saw early signs of a comeback. He acknowledged the stock lagging behind GM but said the story was still compelling at the time.

“Well, I think Ford’s doing well. I mean, but you know why’s Ford at $12? It’s uh, the stock’s starting to come back. It has underperformed GM, but it is up 10% for the year, and I don’t think that that’s all that bad. I do think that GM up 23% must make Jim Farley feel like, wow, I got to do something, but I do like the story.”

Ford is now down 30% since that call, as EV execution issues and broader auto market pressures have stalled the stock’s momentum.

Jim Cramer remains a believer in Ford’s stock, based on his most recent comments from the 3^rd of April when he said:

“Powell’s smarter than people realize. Powell has the same data I have from Ford and GM. He knows that once they’re through the inventory and they have to raise the price, then no one’s going to buy! Because they would have already pulled through. And they won’t have the money. So you have to cut. It’s a natural cut.” “Ford’s barely down. They’re gonna have a great month.”