Jim Cramer Recommends Selling These 5 Stocks

3. AT&T Inc. (NYSE:T)

Number of Hedge Fund Holders: 56

Jim Cramer recently gave bearish comments about AT&T Inc. (NYSE:T) and called the stock “horrendous.” On the other hand, Citi recently upgraded AT&T to Buy. Citi said that several factors, including competition and industry structure, have affected the telecom industry. Legendary hedge fund manager Ray Dalio’s fund opened a new position in AT&T Inc. (NYSE:T) in the second quarter as it bought 1.98 million shares of the company.

A total of 56 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in AT&T Inc. (NYSE:T). The biggest stakeholder of AT&T Inc. (NYSE:T) during this period was D E Shaw with a $226 million stake in the company.