In this article, we will take a look at 13 stocks that Jim Cramer discussed 12 months ago during his show on March 20, 2024, and examine whether he was right or wrong about those stocks.
During the latest episode of Mad Money, Jim Cramer focused on the recent market volatility and the reasons behind it. He explained that the reason behind this volatility is the escalating trade war with Canada. Here’s how he explained the situation:
“We got a trade war going with Canada. Here’s what happened, they announced a 25% tariff on electricity in our country earlier today. Immediately president Trump announced some hard retaliation doubling the tariffs on aluminum and steel. The steel side can be dealt with. Aluminum, I don’t know but it’s bad news. Canadians produce a huge percentage of that stuff for our airline makers, for trucks, for cars. A 50% tariff would be very inflationary and could destroy the profits of the automakers.”
Cramer’s recent opinion is that the U.S. is no longer a manufacturing-driven economy, but a service-driven one, where businesses thrive on stability and consumer confidence. Here’s how he explained it:
“Now we’re not a manufacturing economy, we’re a service economy. That’s why it stings when you see these retailers, telecoms, and airlines linking the negativity of their customers to political actions. […] The issue is that, again, we’re service. Most of our business is service, and that economy is starting to roll over because consumer confidence is declining as people worry about the impact of these tariffs. They don’t understand them. Sure, we have plenty of room for layoffs, so to speak, because we have very low unemployment. But the stock market is saying the tariffs will be inflationary, and the White House hasn’t explained to the American people why it’s worth it.”
Methodology
For this article, we compiled a list of 13 stocks that were discussed by Jim Cramer during the episode of Mad Money on March 20, 2024. We then calculated their performance from March 20th, 2024, market close to March 12th, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey’s Q4 2024 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them.
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13. Nvidia Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 224
At the time Cramer was extremely bullish on Nvidia Corporation (NASDAQ:NVDA), once again emphasizing its dominance in AI. He described how Nvidia’s AI technology was impacting industries across the board:
“I know everybody’s sick of hearing about Nvidia, unless you already bought on my recommendation and now have truly staggering gains. Nvidia supercomputers are about to impact nearly every aspect of our lives because they’ve reached the tipping point where artificial intelligence can be used to improve everything.”
Of course, Nvidia Corporation (NASDAQ:NVDA) has skyrocketed over the past couple years. The stock has risen by 28.07% since Cramer’s comments from that episode.
Jim Cramer has stopped discussing the stock as frequently since the recent selloff. Here are his latest remarks from the 7th of March:
“I think what matters to me, that maybe we’re beyond just having the usual five hyperscalers. And that’s going to help NVIDIA, maybe the most hated stock in the universe, every retail person trying to run from it, ahead of the GTC, the big conference in ten days.” “But it also made me think that maybe you should start paying attention to NVIDIA from an earnings per share side.”
“I’d like to see a [inaudible] down in NVIDIA.”
“No, I’d like to see everybody out of it ahead of when Jensen Huang reveals why we want to own Blackwell and Rubin.”
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