Was Jim Cramer Right About These 23 Stocks?

2. Eli Lilly and Company (NYSE:LLY)

Number of Hedge Fund Holders: 116

When a caller asked Cramer whether they should buy Novo Nordisk stock, Cramer advocated for buying Eli Lilly and Company (NYSE:LLY) instead:

“I think you should buy Lilly instead because Lilly’s going to have in the next three months some very good news on its anti-dementia drug. And Novo doesn’t have that.”

Eli Lilly and Company (NYSE:LLY) has risen by almost 7% since then, while Novo Nordisk has sunk by almost 40%. This was a great call by Cramer.

Here’s what he said on the 25^th of February this year:

“I cannot believe it’s for the high dose! And, that means, the high does is, they’ve come down a lot in price. But now they’re gonna come down for everybody. So Lilly’s back, it’s bigger than ever, it’s making a major move. . . but Eli Lilly cutting the price is gonna make it so that it is dramatically good.

“Lilly’s got the low price, Lilly’s got the big, but remember, it’s the big dose, okay.