Was Jim Cramer Right About These 12 Stocks?

4. Texas Instruments (NASDAQ:TXN)

Number of Hedge Fund Investors: 60

A caller asked Cramer whether this was a good time to restart a position in Texas Instruments and Cramer didn’t hesitate to say yes.

He suggested that TXN is in a good position for a rebound. But what really caught his attention was the presence of activist investor Elliott Partners. He explained:

“They reported good numbers, and you have an activist in there—Elliott Partners—that can make a lot of things happen. By the way, they’re in Starbucks, and I think they can make a lot of things happen there and in Southwest too.”

Cramer also spoke about the company’s strategic meeting and viewed it as a catalyst, saying:

“I think they’re going to have a very big meeting that’s going to lay out the strategy, and the stock’s going to go up well in advance of that.”

However, the stock has dropped by more than 10% since the program aired in July.