Jim Cramer’s Latest Stock Moves: Top 10 Calls

3. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Funds Investors: 81

Jim Cramer in a latest program on CNBC said that Johnson & Johnson (NYSE:JNJ) stock price can go lower as its gains were driven by “traders.”

“J&J has risen significantly and is at a critical point where it could either break out or be rejected. These three companies have been artificially inflated by a program that shifted from high-performing stocks to these companies, including J&J, which has had suboptimal performance. J&J needs to return to the 160 level. These companies are not performing well enough to justify their rallies, which have been driven by traders who seem to execute trades without proper strategy. Had the orders been managed differently, this action would not have occurred.”