Was Jim Cramer Right About These 23 Stocks?

11. Block, Inc. (NYSE:XYZ)

Number of Hedge Fund Holders: 81

Cramer discussed Block, Inc. (NYSE:XYZ) in the context of profitable growth and strong fundamentals at the time, saying:

“We want profitable growth too and because we invest in high unit economic businesses, when we drive a point of growth at the top line, that drives high incremental margins at the bottom line.”

Unfortunately, things haven’t turned out well for Block Inc. (NYSE:XYZ) in the past 12 months. The stock has sunk by 29.16%.

Following one of the stock’s largest daily drops on the 21^st of February, Cramer tried to remain optimistic on it:

“Uh, look I don’t think, I didn’t think Block was that bad going back and forth with Amrita Ahuja who’s a terrific CFO. I thought the quarter was fine. I think that it’s still growing like mad. I just, it’s been a good stock, not a great stock. Somewhat like PayPal.”