Was Jim Cramer Right About These 16 Stocks?

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Investors: 167

Cramer rejected the bearish narrative around Apple Inc. (NASDAQ:AAPL) at the time, saying it was far from a no-growth company, reaffirming his long-term confidence in the stock. Here’s what he said then:

“Apple’s widely perceived as being bereft of artificial intelligence, especially in its phone. I say you never know when Apple will do the right thing, but it always will.”

Indeed, Apple is up by 36.42% since Cramer’s comments last year.

He talked about the iPhone maker again on the 26th of February, saying:

“I noticed that Apple’s down today. Apple’s been the outlier. It’s been going up because people feel they didn’t spend anything on the data center so they’re the freerider that we like. I could see the stock going lower and I like it.”