Was Jim Cramer Right About These 13 Stocks?

9. GE Healthcare Technologies Inc. (NASDAQ:GEHC)

Number of Hedge Fund Holders: 65

GE Healthcare Technologies, Inc. (NASDAQ:GEHC) is a leading provider of medical imaging and diagnostics equipment, spun off from General Electric in early 2023. In that older episode, Cramer reaffirmed his bullish stance on the company’s post-spin potential:

“GE Healthcare got spun off at the beginning of last year. You know I like it so much we bought some for the charitable trust. It rallied from $54 at the time of the spin-off to $88 today. I’ve been telling club members that they can go to $100. I like that stock! […]  I keep telling you Wall Street loves breakups.”

GE HealthCare Technologies Inc. (NASDAQ:GEHC) has dropped 6.41% since that episode, softening after Cramer’s prior bullish outlook.

In December last year, Jim Cramer mentioned the stock again, saying:

“GE Healthcare. GEHC. Which has just been crushed by the fact that they don’t have the China’s order. Now I think that they’re going to annualize [inaudible] so it won’t be so bad.”

And his latest comments from the 22^nd of January repeated the issue:

GE Healthcare’s still having a problem with China.”