Jim Cramer Got These 10 Stocks All Wrong

2. The Trade Desk Inc. (NASDAQ:TTD)

Number of Hedge Fund Holders: 63

The Trade Desk Inc. (NASDAQ:TTD), a leader in digital ad-buying technology, was praised by Cramer last year for providing a strong alternative to Google’s ad auction ecosystem. He applauded CEO Jeff Green’s strategy and believed in the company’s long-term upside at the time.

“I have to tell you I like Jeff Green and I want to tell you that I think that the Justice Department’s case against uh Google is actually hurt by how effective Jeff Green is because he’s such a great alternative to using the auction system of Google so I think trade desk is great once again Dave brings us some terrific stocks.”

Shares have since dropped 43.5%, pressured by a pullback in ad spending and rising competition in programmatic platforms.

Although Cramer acknowledged his bad call more recently, he also made another bald call in the most recent show that aired on the 1^st of April. Here’s what he said:

“I kept thinking that Jeff Green is going to make a comeback. He’s got a new system he’s pushing in. And I’m going to say this. I’m going to go there. I think at $57, I’m going to go all-in that Jeff Green’s got these problems fixed. I am out there. I want Jeff to come on the show, but I am saying at this level, I am with Jeff Green. I am with Trade Desk.”