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.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
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.”
12. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 167
Cramer was bullish on Apple (NASDAQ:AAPL), particularly on the Vision Pro’s enterprise potential at the time of this release. He encouraged investors to buy Apple before its corporate adoption accelerates:
“Right now, they’re treating the Vision Pro as a consumer product, when the truly transformative applications and the huge money are all about the enterprise via the Omniverse. If I were you, I’d want to own some Apple before they go after the corporations, not just the individuals, with this tremendous device.”
Apple Inc. (NASDAQ:AAPL) has done incredibly well since Cramer’s comments, rising by 21.44%.
However, the company is facing some struggles recently, which Cramer addressed on the 11th of March:
“Apple, they’re leaning on it very very badly particularly because of the Siri stuff that is negative.
“Can Apple defend itself, off of Siri? Yes. Because Siri was, I don’t know anyone who thought it was really going to be ready. And they’re going into staged rollouts. Why don’t people realize that? When I talked to Tim Cook he’s not talking about seventeen, eighteen, nineteen, anymore. He’s just talking about releases of software to go with the phone. It’s a misleading thing.”
11. General Motors Co. (NYSE:GM)
Number of Hedge Fund Holders: 68
Cramer saw short-term upside for General Motors (NYSE:GM), due to government policy changes at the time:
“The automakers were strong today because they got a break from the Department of Energy, which said they won’t face billions of dollars in fines if they keep making a lot of gas guzzlers. Good for Ford, good for GM, bad for the polar bears.”
General Motors (NYSE:GM) has been doing well over the past year, having risen by 11.79%.
According to Cramer’s most recent comments on the 11th of March, he believes that the auto industry is in trouble, as tariffs on Canadian aluminum and steel are set to raise manufacturing costs dramatically. He warned that General Motors (NYSE:GM) and Ford (NYSE:F) could see their margins squeezed, saying:
“A 50% tariff on Canadian aluminum doesn’t work because there’s no new source to replace it. Wherever we get aluminum, it’s going to be a lot more expensive, raising the price of cars and trucks dramatically, really hurting GM’s profits; Ford’s too. I don’t think it’s a mistake to say that the auto companies are in real trouble with a 50% tariff on Canadian steel and aluminum. You certainly can’t own their 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 11th:
“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.”
9. Best Buy Co. Inc. (NYSE:BBY)
Number of Hedge Fund Holders: 38
Cramer also favored Best Buy Co Inc. (NYSE:BBY) back then, highlighting its solid business results:
“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.”
Best Buy (NYSE:BBY) has also struggled since then, having dropped by 7.56%.
On the 31st of January this year, Cramer noted Best Buy Co., Inc.’s (NYSE:BBY) stock decline and mentioned that he is not ready to give up on it.
“Well, you know what, I’ve got a, we have a meeting next week for the club and I feel very, very strongly that Best Buy is too cheap down here. It has been a one-way ticket to Hades from $103 all the way down here, yields 4.5%. I don’t want to give up on Best Buy… I don’t know why this stock can’t even lift for a single day though.”
8. Costco Wholesale Corp. (NASDAQ:COST)
Number of Hedge Fund Holders: 96
Cramer was bullish on Costco Wholesale Corporation (NASDAQ:COST) along with other strong retailers at the time:
“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.”
Unlike the rest of the retailers mentioned by Cramer in that episode, Costco Wholesale Corp. (NASDAQ:COST) has been doing exceptionally well, rising by 25.16% since then.
His latest remarks on March 11th are also reflective of his optimism in Costco Wholesale Corporation (NASDAQ:COST)’s business and shares:
“I would rather be in tech than I would say, you know except for Walmart and Costco, those are the ones that you buy at this moment.”
“Well, you know, by there should be no boycott of Costco because they stuck by DEI. And one of the reasons when I did some work on why they stuck by DEI, they said, we’re the greatest retailer in the world and the most profitable like so why scrap it? Now I mean, yeah, yeah, Millerchip’s the CFO, he’s from Kroger, and he’s not gonna ever top with the elocution and brilliance of Richard Galanti.”
“But this is the age of Walmart and Costco. And there isn’t anything I get at Kohl’s that I can’t get at those two.”
7. SoFi Technologies Inc. (NASDAQ:SOFI)
Number of Hedge Fund Holders: 43
Cramer acknowledged investor frustration with SoFi Technologies Inc. (NASDAQ:SOFI) back then but defended the company’s financial decisions. However, he defended the company’s long-term prospects, making it clear he still saw value in the business:
“Now, I know many of you are frustrated about this. We’ve gotten a lot of calls about it. I feel frustrated too, because I’ve championed SoFi at many points. I told [a caller] that I still believe in the enterprise and issued an open invitation to CEO Anthony Noto to come on and explain why the stock is still worth owning.”
SoFi Technologies Inc. (NASDAQ:SOFI) has been the 2nd best performer on this list, having risen by 61.96% since the show aired last year.
Cramer talked about SoFi Technologies Inc. (NASDAQ:SOFI) again on the 5th of February this year, saying this:
“The reason why SoFi has moved from where it was to where it is, is because it’s much more of a service provider stock, it’s FinTech than it is a lender these days. But I do think it needs to digest. I would not buy at this level. Maybe put a quarter of your position on, let it come in. It’s been perched here precariously for a while. I think you can go down from here.”
6. Amazon.com Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 342
At the time, Cramer was bullish on Amazon.com Inc. (NASDAQ:AMZN), especially its AWS division, highlighting its role in AI infrastructure:
“Amazon is investing tremendously in all areas of AI… and of course down to the chips, our own design chips, as well as our long-standing partnership with Nvidia. Amazon Web Services (AWS) is working with Nvidia to use their newest Blackwell chips to grow AWS infrastructure and build up and train brilliant artificial intelligence models as fast as possible.”
Amazon.com Inc. (NASDAQ:AMZN)’s stock is up 11.64% since Cramer’s comments.
Here are Cramer’s latest comments on Amazon.com Inc. (NASDAQ:AMZN) from the 26th of February:
“They have promised, some of us, who have complained about Alexa, that it’s going to be very useful tool when you come downstairs. Look I’m very excited about it. I also hope that they get it right. Because there is very little classical music that you can play. If you ask for Beethoven’s First, they give you Alfred Brendel doing a concerto. If you ask for the concerto, they give you Mozart. It is so erratic that it’s not usable. So I hope they fix that. And they want it to be your personal assistant. Which I’d like. Because right now she’s dumb as wood. I mean plywood. I mean sometimes I argue with her it’s incredible. I wanted to hear West Side Story. That’s way too hard. You know what’s really hard for them? Literally anything, anything involving Cajun music.”
“I mean when I ask them directly, they think it’s gonna be your personal assistant. You’ll want to pay for it. That’s why they, when I said I’m not paying for Alexa, she doesn’t know anything other than that there’s a package downstairs. And they said, no, she will be able to really communicate with you much better. . .Well basically it doesn’t have enough NVIDIA. And, it will, also Trainium, their own chips. I love em’.
“But you know it’s wrong so often. All of these things are in their infancy, and they probably need more NVIDIA.”
5. Capital One Financial Corp. (NYSE:COF)
Number of Hedge Fund Holders: 90
Cramer was positive on Capital One Financial Corporation (NYSE:COF) back then, especially given its Discover acquisition:
“Capital One is terrific. Capital One is terrific. Management is great. The buy—if they’re able to close on that Discover deal—would be amazing. I say stick with that.”
Capital One Financial Corporation (NYSE:COF) has been doing pretty well since then, rising by 20.23%.
Capital One Financial Corporation (NYSE:COF) popped up on Cramer’s and Wall Street’s radar again earlier this year. This is what Cramer said on the 24th of January:
“Now let me tell you a funny thing here. Capital One is actually my favorite. I put it in the bullpen so to speak. I’m thinking about buying it because of the Discover, you know, because of this Discover merger, which is gonna be so bullish, and because I don’t think there will be usury fees. So I want to go against what the president’s musing was right there and buy Capital One, COF, a really well run, really, really well run credit card, credit card company.”
4. Shopify Inc. (NYSE:SHOP)
Number of Hedge Fund Holders: 63
At the time, Cramer preferred Amazon Inc. (NASDAQ:AMZN) over Shopify Inc. (NYSE:SHOP) but still saw Shopify as a strong player:
“Look, I like e-commerce. I like Amazon more than Shopify, but I think Shopify does an absolutely perfect job with small and medium-sized businesses.”
Shopify Inc. (NYSE:SHOP) had a great year, being up by 18.69% since the episode aired last March.
Jim Cramer has shown more preference towards the stock recently. Here’s what he replied to a caller on the 26th of February:
“They are very easy to set up. They are the ones that every single entrepreneur that I know is on Shopify. And I think you nailed it. I know that the last quarter, people misinterpreted it and they sent it down. Why don’t you wait until they report it again? That same thing will happen and you’ll be able to have a better opportunity to buy it than you have right now.”
3. Palantir Technologies Inc. (NASDAQ:PLTR)
Number of Hedge Fund Holders: 64
Cramer liked Palantir Technologies Inc. (NASDAQ:PLTR) back then, citing a strong earnings report:
“I like Palantir. I like the quarter last time. I once again will invite [CEO Alex] Karp on. I mean, I like the guy. I think it’s a good company.”
What a great call that was. Palantir Technologies Inc. (NASDAQ:PLTR) is the best performer in this list. It has risen by 240.46% since the episode aired.
Palantir Technologies Inc. (NASDAQ:PLTR) is one of Jim Cramer’s most frequently discussed stocks. Here’s what he said about the stock on the 25th of February:
“I want Karp in there. I want him to stop the book tour. I want him to stop using the f-word in conference calls.
“I’m ready for him. I’m from Philly. Mr. Tough Guy. Mr. Being Able To Use A Gun And Shoot. Look, you know what, if you can shoot a gun at two hundred and seventy yards, look why do I wanna do that.
“I mean Karp can shoot anything from two hundred and eight yards, do I care?
“I think that maybe this idea about DOGE, where they’re going to go and Palantir, it matters. I think that Palantir got so hot it had that parabolic move and then it had the endless book tour. And people kind of wanted Alex to get back to. They actually have a lot of people more than Alex, I’m not kidding, I happen to like a lot of people there. And their work on the Defense Department and being able to dismantle the military industrial complex, would make Eisenhower really proud. So they’re a very real company and I think if they got the chance to be able to undo the military industrial complex it’d be great for our country.”
2. Cava Group Inc. (NYSE:CAVA)
Number of Hedge Fund Holders: 48
Cramer was bullish on Cava Group Inc. (NYSE:CAVA) and reiterated his buy call back then:
“We have been very clear on Cava. It got too hot, then it came all the way down, and we said, ‘Buy, buy, buy!’ And it’s been right, and we’re sticking with it.”
Since that episode, Cava Group Inc. (NYSE:CAVA) is up by 20.58%.
Following a more recent decline in the stock’s price, Cramer noted that it is not related to its last earnings report and predicted that its upcoming earnings report will contain great numbers. This is what he said on the 21st of February:
“Now have you seen the action in CAVA of late? This once beloved restaurant stock, although a still beloved chain, has plummeted and it’s not because of the last quarter, which was stellar. I bet they report another set of great numbers. But when Wall Street has turned against momentum stocks, it doesn’t matter how well your business is doing. File CAVA away if the quarter’s great. We’re circling back at lower levels.”
1. Intel Corporation (NASDAQ:INTC)
Number of Hedge Fund Holders: 83
Cramer covered Intel Corporation (NASDAQ:INTC) in relation to the U.S. Chips Act grant that the company received back then. He emphasized Intel’s role in reshoring semiconductor production:
“Today, the government’s awarding an $8.5 billion grant to Intel to support its $100 billion of investments in domestic semiconductor manufacturing. Right now, the United States of America produces zero leading-edge chips domestically. We buy 92% from one company in Taiwan—that is not resilient, that is not safe.”
However, Intel Corporation (NASDAQ:INTC) is the worst performing stock in this list. It has fallen by a staggering 51% since the episode aired.
Jim Cramer did change his opinion recently. He pointed out that many of the company’s expansion plans have been falling apart and the president is furious over the situation. Intel Corporation (NASDAQ:INTC) is in a position where it urgently needs to find a way to reconcile with the administration. This is what he said on the 5th of March:
“Maybe Trump will help get them a partner to see them through this… I think the stock’s way too expensive here at $20 and change after last night’s speech, just being valued wrong. Talk about being in the crosshairs. Intel’s now ground zero for the end of government largesse, especially after Taiwan Semi committed $100 billion to build semiconductor foundries here in America, and that brings a total of $165 billion, they made a previous commitment. Who the heck needs Intel?”
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