Jim Cramer is Bearish on These 5 Stocks

3. Ferrari NV (NYSE:RACE)

Number of Hedge Fund Investors: 31

Jim Cramer said “it’s hard” when he was asked about Ferrari NV (NYSE:RACE) stock a few days ago during his program.

“I’m going to have to say let’s take a pass on Ferrari.”

As of the end of the third quarter of 2023, 31 out of the 910 funds tracked by Insider Monkey had stakes in Ferrari NV (NYSE:RACE). The most notable stake in Ferrari NV (NYSE:RACE) is owned by Paul Marshall and Ian Wace’s Marshall Wace LLP which owns a $130 million stake in Ferrari NV (NYSE:RACE).