Was Jim Cramer Right About These 12 Stocks?

10. Uber Technologies Inc. (NYSE:UBER)

Number of Hedge Fund Investors: 163

Cramer saw Uber Technologies (NYSE:UBER) as a long-term winner despite near-term stock weakness.

“Uber is trading as a function of multiple contraction. People are just willing to pay less for the losses that Uber might have.”

He made it clear that the decline had nothing to do with Uber’s business performance, advising the caller to hold:

“When that occurs, what you have to do is just kind of hold your nose and hold it.”

Cramer compared Uber’s situation to Airbnb, which had also experienced sharp declines before bouncing back.

“Take a look at the way Airbnb managed to get through a couple of declines; that’s what I think can happen with Uber.”

This seems like a very good call by Cramer, as the stock has surged by 26% since the July show.

Cramer maintains a bullish stance on Uber, having said this more recently on February 2, 2025, after the company’s earnings:

“Same thing with Uber, and you see, you see Uber won the war of pickup and deliver. The numbers reported at this point were extraordinary, but the experts found a line or two they didn’t like. Next thing you know, they kick it to the curb, and you get an opportunity to buy some at a discount. I am confident about this one after interviewing CEO Dara Khosrowshahi this very morning on Squawk on the Street… I think this is a good one.”