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.”
15. Foot Locker Inc. (NYSE:FL)
Number of Hedge Fund Investors: 35
Cramer admitted that he made a mistake buying Foot Locker (NYSE:FL) believing CEO Mary Dillon could turn it around at the time:
“Sometimes the company’s in such bad shape that there’s almost no coming back from it, even if they bring in a tremendously talented management team. […] I still believe she’s a great CEO. However, I always tell you that you never want to own the best house in a bad neighbourhood, and Foot Locker wasn’t even the best house in a bad neighbourhood—it was a bad house in a horrible neighbourhood. […] In retrospect, that was a colossal error—a disastrous mix of ignorance and arrogance on my part. “
It appears that Cramer was right to be worried back then, as the stock dropped by 23% ever since.
On March 5th 2025, Cramer re-addressed Foot Locker, saying:
“Of course, these days we see all sorts of wholesale revisions and no one knows how to value them either. This morning Foot Locker reported a terrific quarter, much better than expected. As CEO Mary Dillon’s turnaround plan takes hold, aided by Nike’s attempts to repair its relationship with actual shoe stores, nobody cared, too much ennui. Under the previous CEO, Nike, Nike didn’t really care for Foot Locker.
They wanted more of an emphasis on direct-to-consumer. It was stupid. That didn’t work out but Elliot Hill, the new CEO, is working very closely with Foot Locker, so is On Holding, so is Deckers, the owner of UGG and, and HOKA, so is Adidas… but people were way too gloomy to even note the same-store sales improvement this morning. That’s nonsense. I think it’s a genuine winner. I can go on and yes, despite all these positives, the stock only gained 89 cents because things are being valued incorrectly.”
14. The Walt Disney Company (NYSE:DIS)
Number of Hedge Fund Investors: 111
Cramer had mixed emotions about The Walt Disney Company (NYSE:DIS), admitting that he held on too long but he was still optimistic about the possibility of a future turnaround. Here’s what he said back then:
“I fell in love with Disney, and when you fall in love, your judgment goes boom. […] Disney’s ill-advised purchase of Fox should have made me cut and run. A broken balance sheet made it a broken stock for multiple years. I still believe Disney’s got a great set of franchises. The balance sheet’s been fixed because the company generates a ton of cash. […] Do I think Disney will come back? Yes. But that’s not the question, why did I buy it so bad?”
Ultimately, shares of Disney have fallen by 6.57% since those comments but nevertheless, Cramer remains hopeful for the stock. Here’s what he said on the 19th of February:
“You need someplace to go, don’t you? I keep hounding you to buy Disney stock because it’s doing so well, yet all people seem to care about is some weak link in the cable business, which I think is going to pick up sooner or later. Anyway, theme parks—yes, they are expensive, but that doesn’t seem to stop people from going.”
13. The Boeing Company (NYSE:BA)
Number of Hedge Fund Investors: 113
Jim Cramer appeared regretfully bullish on The Boeing Company (NYSE:BA) one year ago. He admitted that he sold his shares too early and that despite Boeing’s mismanagement, the demand for its planes made it a long-term winner. Here’s what he said back then:
“This was an ironclad thesis for one very simple reason: no matter how badly Boeing screwed things up, at the end of the day, there are only two major manufacturers of commercial aircraft on Earth […] I didn’t have the patience or the pain tolerance to stick with my original thesis, which was dead right all along. If we’d stuck around for the next 12 months, we would have seen this stock shoot above $200 as the bull thesis played out perfectly. The lesson here: if you believe in your own thesis, you can’t let its unrelated negatives scare you away.”
However, it seems that the company’s efforts to turn the plane around didn’t materialize, with the stock being down by 21% since then.
In a more recent episode of Mad Money, which aired on the 27th of February, Cramer appeared more cautious on the stock, saying:
“Well, look, it’s, it’s actually in a real sell-off, you’re gonna get a bad price. And I remember when we had the flash crash, everybody who had those things got just completely ripped off. So I want to be careful. You can do it for some, but please don’t do it for more. You might get lucky but then you might get unlucky. I’ve seen people buy a stock at $60 and the stock finishes the day at $45. That’s what worries me.”
12. Nvidia Corp. (NASDAQ:NVDA)
Number of Hedge Fund Investors: 224
At the time, Cramer was highly bullish on Nvidia Corp. (NASDAQ:NVDA), emphasizing its dominance in AI and high performance computing. Broadcasting from Nvidia’s GTC conference, he described the company as essential to the next Industrial Revolution and that he saw the stock as a long-term investment. Here’s what he said:
“Nvidia is the helper, the expediter, the cost saver… Nvidia creates time, eliminates waste, and invents knowledge that hasn’t been invented yet. Maybe that’s what makes Nvidia a stock to own and not to trade.”
Nvidia’s stock is up by 28.44% over the past 12 months.
Here is what Jim Cramer said on the 26th of February about the company:
“Okay look NVIDIA’s really, hard, there’s a good scorecard out today, one of the firms, I think NVIDIA has to do beat and raise, traditional beat and raise. And I think the problem is that their major product Blackwell was still hard to get. Although SuperMicro by the way, congratulations on not being de-listed, has been putting a lot in. Remember the problem is, and Dell too. HPE, not as many. The problem is the actual, you have to build them, take em apart and them build them again. That’s a very complicated process. And also we have the DeepSeek, although I think that Jensen will say, the CEO, he’ll say that DeepSeek’s actually good for them. I have been telling people this is not the quarter that is really important because they can’t ship in volume. But I don’t, the confidence level that I have in this quarter is not as high only because, we thought that Blackwell, that is the major version, would be out right now. And I remember Francis, you have to go back to when Intel might be late with 386 or 486 and there would be a gap. And then you had to buy the gap. So what I’m saying is this that if it really gets hit, and they indicate that the rest of the year is going to be fine. I think you take advantage of it. But, it’s got so much, I mean, this morning Frank, they had a guy on. The number of, it was actually, it was. . . talked about all the different instruments that are betting on it. And then I talked with Vlad Tenev at Robinhood, the number of zero day, not the movie, the number of zero day options that are bet on this thing, have made it so it’s actually in control of the actual underlying!”
11. Oracle Corp. (NYSE:ORCL)
Number of Hedge Fund Investors: 107
Cramer admitted that he underestimated Oracle Corp. (NYSE:ORCL) after it reported weak earnings previously, selling the stock too early before it rebounded. But he still acknowledged its upside potential in AI. Here’s what he said back then:
“I didn’t do a good job on Oracle. They screwed up the quarter twice, and I decided I couldn’t take it anymore. And then they just totally delivered in that last quarter. […] Oracle probably is going higher. It’s still a very inexpensive stock.”
Oracle has been doing really well over the past year, having risen by 34.36% during this time.
In a recent episode which aired on the 7th of March, Cramer had this to say about the company:
“On Monday, Oracle is gonna report and… do it after the close. I bet they’re gonna have some really positive things to say. Now Oracle, a very good software company’s become a great data center company, which was terrific until we learned that some Chinese outfit could create high-quality AI models using … much less hardware. That’s a simplistic way to put it, but let’s just be honest, the AI stocks have never traded the same since China revealed its Deep Seek source of, let’s just say, of incredibly fast but much less expensive AI. Does it make sense that that’s the case? No, it just doesn’t but it, it certainly hurt the valuations of the semiconductor stocks.
Last night, Broadcom reported an amazing quarter. Its stock was just rewarded after the close. Then it got dragged down by that tech sell program I just mentioned before bouncing right back when it was that ridiculous, contrived program was over and it finished the day up more than 8%. But were you in there from the beginning to the end? Many people probably left at midday. This kind of accident’s become the norm. I expect Oracle to have almost as good a quarter as Broadcom and then do the same thing.”
10. Barrick Gold Corp. (NYSE:GOLD)
Number of Hedge Fund Investors: 45
Cramer expressed disappointment in Barrick Gold Corp. (NYSE:GOLD), despite gold’s broader rally at the time. He flat out said that he saw no compelling reason to buy it then:
“I’ve been disappointed. I mean, gold has had a big run here, and you’ve not made any money with Barrick. That is incredibly disappointing to me.”
Nevertheless, the stock is up by 16.76% since the show aired one year ago.
Barrick Gold Corporation was also mentioned during a more recent episode on the 3rd of March, and here’s what Cramer had to say:
“It’s killing me that that thing isn’t moving. It’s not doing what I thought it should. So that’s why I’m saying pivot to Agnico Eagle. That’s the one I like, Agnico Eagle.”
9. Walmart Inc. (NYSE:WMT)
Number of Hedge Fund Investors: 116
Cramer was very bullish on Walmart Inc. (NYSE:WMT), calling it a “juggernaut” with exceptional management. He praised CEO Doug McMillon, highlighting Walmart’s ability to consistently outperform in retail:
“You know something? It is hard to find a bad time to buy Walmart. This stock is just a juggernaut. Management there is so good. Doug McMillon is so good.”
The company has indeed been doing amazing over the past year and that’s reflected in the stock price which is up 50.35%.
Here is what Cramer said about Walmart in a Mad Money episode which aired on the 25th of February:
“Although Walmart has a degree of wealthier people going there. . . They’re getting that, the amount of how much people make of Walmart’s going up. This is an important bedrock. You can’t use it as a bank. But I think that rich people are overweight in the Mag 7.”
8. Tesla Inc. (NASDAQ:TSLA)
Number of Hedge Fund Investors: 126
At the time, Cramer saw Tesla Inc. (NASDAQ:TSLA) as oversold, suggesting it was a good time to start a position. While acknowledging its valuation, he urged investors to buy after its 30% decline:
“I thought the price increase today was very significant. I think Tesla’s come down too far. Now it’s $500 billion, so it ain ’t cheap. The stock is down 30% for the year. When are you going to start positioning in Tesla other than right now?”
Despite the recent setbacks, the stock is still up by 47.38% in the past 12 months. Cramer has remained upbeat about the ‘Musk Premium’ to Tesla’s stock in his previous comments. Here are his most recent remarks which were made on the 5th of March:
“The guy came to the Congress in a suit. I mean what was amazing was that people seemed to just go, Republicans, go crazy for him. They love him.”
“[On Goldman looking at consumer perception, German EV market and intent to buy TSLA products] I know. Plus Germany’s going into this absolute whatever it takes scenario where they’re spewing money. They’re finally using the bazooka. And it’s not seemed to be headed in Tesla’s way.”
“Did you see that how many cars they sold in Germany last month? One thousand four hundred and twenty nine. And Lamborghini may have sold more. And those are handmade, leather stitched. By six ladies. In their sixties.”
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. . . “
6. CrowdStrike Holdings Inc. (NASDAQ:CRWD)
Number of Hedge Fund Investors: 77
Cramer was bullish on CrowdStrike Holdings Inc. (NASDAQ:CRWD) at the time, emphasizing its AI-powered cybersecurity offerings and partnership with Nvidia:
“CrowdStrike just announced a new collaboration with Nvidia. They’re using Nvidia’s AI computing services with data from their own AI-native cybersecurity platform. This partnership gives you everything you need to build automated cyber defenses for the enterprise.”
CrowdStrike had its ups and downs since then but has been overall flat with a 0.91% drop.
Cramer remains bullish on the stock. Here are his latest comments from the 5th of March:
“We bought some this morning. And we sold a lot between four hundred and four fifty. Geroge Kurtz did a magnificent job. And I think there’s a lot people that are being very short-sighted. I think that the cash flow is much better than people realize. I think that the orders are much better than people realize. I think that this is a momentum stock that’s pausing. And you have to buy momentum stocks when they pause. And the people who are selling it right now will certainly regret what they’re doing.”
“By the way, I think that the algorithms drove a lot of Crowdstrike last night. They didn’t understand you had add back 90 cents. I mean they just, they don’t do it. You have to like look at, I mean look at the income statement and I’m expending like waiting for the President to talk which was about forty minutes. And I finally got through the income statement. Because there’s just a lot of different adjustments. And the machines can’t adjust.”
5. On Semiconductor Corp. (NASDAQ:ON)
Number of Hedge Fund Investors: 52
At the time, Cramer saw On Semiconductor Corp. (NASDAQ:ON) as a long-term winner, despite short-term pressure in the EV sector. While acknowledging that EV sales had slowed, he remained confident in the company’s future demand, saying:
“We have to deal with a couple of facts: you have the single best chips for the most advanced autos in the world (EVs). Electrification is the future. E-mobility is happening.”
ON has been beaten down over the past year, dropping by 43.75%.
On the 3rd of February, Cramer acknowledged the company’s struggles, saying:
“The fourth worst performer in the S&P last month was ON Semiconductor, that’s down 17%. This chipmaker is a leading supplier for the auto industry and though it doesn’t report until next week, the stock got hit after Texas Instruments reported last Monday and gave a dour outlook for the automotive and industrial end markets. The semiconductor cohort is all over the place. The ones selling into the AI team are still doing pretty well, but anything cyclical like Texas Instruments or ON Semi has, it had a real tough go.”
4. Marvell Technology Inc. (NASDAQ:MRVL)
Number of Hedge Fund Investors: 105
Cramer had a neutral stance on Marvell Technology Inc. (NASDAQ:MRVL) back then, advising investors to wait for a turnaround, believing it wasn’t the right time to buy:
“It had a mixed quarter. Part of the business is on fire, part of it is not on fire at all. That’s why I’m saying we got to wait. We got to get closer to when the rest of the business turns around; it’s not there yet.”
Overall, the stock hasn’t performed well since, being down by 2.78%.
On the 7th of March, Cramer talked about Marvell again, and had this to say:
“Look I think that it was terrific that Marvell got the Amazon contract. But I think people are going to say the reason why we sold it was it turned out that Broadcom got a huge new customer list. This is Softbank, Arm. If they’re really involved, it’s big. OpenAI. Apple. I would have thought maybe, look I think Marvell’s great. I think Matt Murphy’s very good, the CEO, he’s really competitive. . .But I would say that Hock Tan crushed him, by the way, Hock Tan, can I just say he put together this company out of, just piece after piece. And he’s got now the custom-made chip. That segment he owns.”
3. Datadog Inc. (NASDAQ:DDOG)
Number of Hedge Fund Investors: 84
Cramer was bullish on Datadog Inc. (NASDAQ:DDOG) at the time, calling it a dynamite company despite its high valuation. He emphasized that its business fundamentals remained strong:
“I think it is a dynamite company, and it is a buy. It is expensive, but they really know what they’re doing.”
The company’s shares are down 11.38% since last March.
When a viewer asked Cramer about his thoughts on Datadog in August 2024, he answered with the following:
“Datadog is usually a fabulous company. There were people trying to buy it for $20 billion before it ever went public. My problem is that it’s just the definition of enterprise software—the kind of analytics that tells you how your company’s doing. There are too many players in that space, Dave. So I’m going to reiterate: I don’t trust it yet, but it is a very good company.”
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.”
1. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Investors: 413
Cramer was cautiously bullish on Alphabet Inc. (NASDAQ:GOOGL), despite concerns over its AI model Gemini, at the time. Here’s what he said:
“Alphabet’s AI initiative, Gemini, has some cultural issues that are, how do you say… suboptimal. Alphabet gets the halo of Apple’s huge installed base, not to mention lots of money for something they already spent billions developing.”
Google’s parent company’s shares have risen by 23.24% since the show aired last March, now trading at around $175.
Nevertheless, Cramer remains bearish on the stock. Here is what he said on the 11th of March about Google
“Alphabet I think is going to miss the quarter because I no longer think that Google is as effective versus Grok versus ChatGPT.”
While we acknowledge the potential of GOOGL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GOOGL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
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