Jim Cramer Nailed These 11 Stock Picks

4. FMC Corporation (NYSE:FMC)

Number of Hedge Fund Holders: 48

FMC Corporation (NYSE:FMC) is a crop protection and agricultural sciences company. Cramer was critical of the stock after it delivered disappointing guidance last year, warning viewers about its weakening fundamentals.

“FMC, up 6%. I took it, you know I looked it up, and I see one of the most horrendous shortfalls of the year at the beginning of February when FMC said its first-quarter earnings would be 21 to 43 cents; Wall Street was only looking for a buck a one. Man, that is really a shortfall. Shortfall is actually putting it lightly; that’s a longfall. The stock was at 119 last year; it’s now at 64. I’m not interested.”

FMC stock has collapsed 33% since then, confirming Cramer’s concerns about poor visibility and execution.

Jim Cramer acknowledged FMC Corporation (NYSE:FMC)’s fall in a more recent episode and shared his thoughts on the situation, saying this on the 5^th of February:

“There’s a company called FMC. And that’s an agricultural company. It’s an old food machinery company, it’s based in Philadelphia. And the stock is down 35% today because they have inventory problems. Too much of the crop chemicals used for . . . corn, potatoes, and sorghum. I just remind that there are certain industries that are in this economy that are seemed to just, I don’t know we have to stay close to ag. That’s a very very bad number. And I’m kind of shocked because it’s a pretty reliable company. But the ag business maybe not as great as we think judging from the fact that they have a lot of insecticides, herbicides. So, stay close to ag.”