Was Jim Cramer Right About These 16 Stocks?

7. Prologis Inc. (NYSE:PLD)

Number of Hedge Fund Investors: 56

Cramer was optimistic about Prologis Inc. (NYSE:PLD), citing its data center expansion and strong market positioning at the time, saying:

“Management also gave us some optimistic commentary on their largest market, Southern California, and noted that they’re making big money in the red-hot data center business.”

However, the stock hasn’t lived up to expectations since, having dropped by 7.13%.

Nevertheless, Cramer remains optimistic about the stock, saying this on the 29th of January this year:

“We’re not talking enough about Prologis, the largest warehouse company which caught a bottom last week. A bottom in one of the industries that we were so down about, which is warehouse. Now we’re just focused on data center on how weak they have to be. . . “