Jim Cramer Recently Talked About These 11 S&P 500 Stocks

7. Edison International (NYSE:EIX)

Number of Hedge Fund Holders: 29

Pivoting to the worst performers of the S&P 500, Cramer mentioned Edison International (NYSE:EIX) and remarked:

“Those are the winners. How about the biggest losers? Alright, two biggest decliners are both California utilities because of the wildfires in Southern California. The biggest loser Edison International was down 32.4% January. This is the parent company of Southern California Edison, which services the areas that were actually impacted by the fires.”

Edison International (NYSE:EIX) generates and distributes electricity across Southern California, serving various sectors, including residential, commercial, industrial, and agricultural. Cramer liked EIX back in 2009 during the previous President Obama administration.

At that time, Cramer suggested that Edison International (NYSE:EIX) could be the type of utility that Obama highlights as a model, with the government potentially willing to offer subsidies to support the business. Since then, EIX stock has gone up more than 83%.