Was Jim Cramer Right About These 13 Stocks?

10. Dick’s Sporting Goods Inc. (NYSE:DKS)

Number of Hedge Fund Holders: 45

At that time, Cramer was optimistic about Dick’s Sporting Goods (NYSE:DKS), believing the economic backdrop still supported retailers:

“You buy the retailers now when the economy is still strong enough, and the numbers for a Dick’s or a Best Buy or a Costco are strong enough.”

Dick’s Sporting Goods (NYSE:DKS) hasn’t performed well over the past year. The stock is down by 11% since Cramer’s comments.

Jim Cramer still likes the stock, but he believes the reason behind the stock’s recent struggles is the downbeat guidance given by the CEO. Here’s what he said on March 11^th:

“We’re hearing disconcerting things from retail. Dick’s Sporting Goods, terrific company, reported excellent numbers but it’s CEO Lauren Hobart gave a very downbeat forecast. Why? Well here’s what she had to say: we are not seeing a weaker consumer now, we’re coming off fantastic Q4, our guidance reflects that there’s so much uncertainty in the world today, in geopolitical environment and macroeconomic environment we are just being appropriately cautious. End quote.”