In this article, we will take a look at 16 stocks that Jim Cramer discussed 12 months ago during his show on March 18, 2024, and examine whether he was right or wrong about those stocks.
On the most recent episode of Mad Money, Jim Cramer advised his viewers against exiting the market entirely, despite the sharp sell-off. He also reminded viewers that, historically, the market has always found its bottom, and stocks can rebound over time. Cramer then addressed the idea of selling everything but he raised an important question saying:
“Sure you can get out, but can you get back in? Selling everything right now feels great. We know that President Trump is now hanging with the bears… As he himself said you can’t really watch the stock market, the stock market’s the problems of the rich, and they don’t matter as long as it, they can take a hit. And that’s a zeitgeist from the Walmart White House where Trump’s giving us everyday lower prices for stocks.”
Cramer then pointed out the disparity between President Trump’s approach and what long-term investors might believe is the right course of action. In the past, Cramer noted, figures like Trump and Federal Reserve Chairman Jerome Powell were seen as stabilizers, or “puts,” that would help cushion the market’s downward moves. However, no one seems to be talking about that kind of support lately. He added:
“People are capitulating because they want to get rid of the pain and they don’t want to lose the game… See, there’s just one problem. How do you get back in?”
Cramer also highlighted a common pitfall: many investors get scared off during market downturns and fail to seize the opportunity to buy strong companies at lower prices. He pointed out that this fear leads people to miss out on significant future gains, leaving them on the sidelines while others take advantage of lower stock prices and reap substantial rewards.
“It’s why you should be thinking of buying the great companies here, not selling them. To not get good merchandise as it starts being really cheap is a failure of imagination, to not have held them all the way could be a failure of recognition.”
Methodology
For this article, we compiled a list of 16 stocks that were discussed by Jim Cramer during the episode of Mad Money on March 18, 2024. We then calculated their performance from March 18th, 2024, market close to March 7th, 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.
Note: This article covers Jim Cramer’s commentary from March 18, 2024, and does not account for any changes in his opinions regarding the stocks mentioned. Therefore, the commentary should not be mistaken for his latest opinions on any of the stocks that are mentioned.
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16. Johnson & Johnson (NYSE:JNJ)
Number of Hedge Fund Investors: 98
Cramer had a bearish stance on Johnson & Johnson (NYSE:JNJ) due to its legal overhang at the time. He strongly emphasized the reasons behind his decision to sell the stock. Despite believing in J&J’s strong fundamentals, he argued that litigation risk made it uninvestable. Here’s what he said back then:
“We gave up on J&J at a small gain, mind you, because we were tired of being hostage to legal decisions that had little to do with the greatness of this storied company. What matters is that through this litigation, they were potentially on the hook for billions upon billions of dollars—almost incalculable in losses.”
One year later, the stock has been mostly flat, having gained just 2.26% since.
In more recent episodes, Cramer shared that Johnson & Johnson’s shares tend to drive the entire sector up. Here are his latest comments from February 26:
“JNJ, which had just been, bedraggled down to 140s, has been a horse.”
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