Was Jim Cramer Right About These 12 Stocks?

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3. Morgan Stanley (NYSE:MS)

Number of Hedge Fund Investors: 56

A caller called in with a strong case for Morgan Stanley, highlighting strategic initiatives, strength in investment banking, and growth in wealth management.

Cramer wholeheartedly agreed.  He pointed out that big IPOs and takeover deals drive Morgan Stanley higher, and he expects more of both in the near future, saying:

“When we do pieces about these big IPOs and we get a lot of takeovers, you’re going to see Morgan Stanley go higher and higher and higher.”

His view is that Morgan Stanley remains a strong buy, especially if rate cuts fuel more market activity and he was spot on. The stock has soared by more than 33% since his comments.

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