Was Jim Cramer Right About These 12 Stocks?

11. 3M (NYSE:MMM)

Number of Hedge Fund Investors: 82

Cramer seemed enthusiastic about the stock, suggesting that a change is happening at 3M. With a new CEO, Bill Brown, in charge, the company was aggressively cutting costs and identifying new growth areas. That was enough to send the stock soaring 23% at the time. Cramer said:

“All it took for the stock to rally was the CEO talking about where he sees cost cuts and multiple segments that could grow faster.”

This wasn’t about takeover speculation—it was about 3M playing catch-up after years of struggles. Cramer liked that Brown was taking an active approach to fixing the company, and he saw momentum building behind the turnaround.

Jim’s optimism was spot on, as the stock has rallied by an additional 20% since the end of July.