In this article, we will take a look at 23 stocks that Jim Cramer discussed 12 months ago during his show on March 22, 2024, and examine whether he was right or wrong about those stocks.
During the latest episode of Mad Money, Jim Cramer advised his viewers to closely monitor the upcoming Federal Reserve meeting and the earnings reports from companies. However, he also cautioned that irrespective of what the earnings reveal, the direction of the market will largely be determined by President Donald Trump and the Federal Reserve.
He also mentioned that Tuesday will bring the release of February housing data, which Cramer emphasized as significant. He stressed that a strong housing market is essential in preventing a recession, which he described as “terrible”.
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“Any kind of slowdown is quickly reflected in housing, which then gets reflected in retail. It’s a delicate chain that starts with housing, which is why I’ll be watching these numbers like a hawk.”
Wednesday’s events are also of importance, as the Federal Reserve’s Open Market Committee will meet, and the market will hear from Jerome Powell, the Fed’s chair. Cramer noted that the most recent inflation data, including both the Consumer Price Index and the Producer Price Index, have been relatively favorable, which might suggest that inflation is under control. However, he cautioned that certain areas of the economy still experience persistent high prices.
Furthermore, as per Cramer, there is a looming possibility of a new round of tariffs, potentially as soon as next week, which could include a 25% tariff on all imported vehicles, perhaps on those from Germany, Japan, and South Korea. He then added:
“I fear the president will choose Wednesday to lower the boom so be prepared. Sure, the market’s oversold. It may stay oversold by Wednesday so it could possibly handle any auto-related tariff news, but you have to be ready for them.”
Finally, Cramer reiterated that the fate of the market this week will hinge more on actions from the White House and the Federal Reserve than on the earnings reports of individual companies.
Methodology
For this article, we compiled a list of 23 stocks that were discussed by Jim Cramer during the episode of Mad Money on March 22, 2024. We then calculated their performance from March 22, 2024, market close to March 14th, 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.
Please note that this article mentions Jim Cramer’s previous opinions and may not account for any changes to his opinions regarding the stocks that are mentioned. It is primarily an examination of how his previously provided opinions have panned out.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
23. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 167
Back then, Cramer remained firm on Apple Inc. (NASDAQ:AAPL) despite antitrust concerns.
“I reiterated that you should own, not trade Apple, even as Apple’s now under assault from the Justice Department for unfairly putting out a real good phone.”
Apple Inc. (NASDAQ:AAPL) has climbed by 23.92% over the past 12 months.
However, as the stock has dipped by 12.5% year-to-date, Cramer went on to address investors’ concerns by saying this on the 13th of March:
“I think that Apple, I’ve been saying it, own it don’t trade it. . .I said look I think Apple’s going lower, wasn’t, I don’t think it’s revelatory. You can’t, if you can’t make the estimates your stock goes lower. I mean it’s not like they’re somehow immune to that. And I think that the Morgan Stanley piece yesterday was very good about trying to assess exactly how much lower. When you miss your numbers, you miss your numbers. And it doesn’t matter who you are.”
22. Trump Media & Technology Group Corp. (NASDAQ:DJT)
Number of Hedge Fund Holders: 10
Cramer discussed Trump Media & Technology Group Corp. (NASDAQ:DJT) as a speculative opportunity, back then.
“I’m mentioning this vehicle because it could produce a big windfall for former President Trump, who’s staking the company’s worth at about $3 billion now and could be worth much more if the stock stays above certain levels for just a few weeks.”
Trump Media & Technology Group Corp. (NASDAQ:DJT) has been one of the most volatile stocks of the past year, especially because of the elections. Overall, it has dropped by 45.29% since the episode aired last March.
The last time Jim Cramer mentioned the stock was back in November last year. Here what is he said about DJT when he was asked about it on the 17th of November:
“This thing is a very hard stock to value, and maybe it is a keep sake because I can’t figure out how to put a number to it. That said, it sure does trade like a crazy one, does it”
21. Reddit, Inc. (NYSE:RDDT)
Number of Hedge Fund Holders: 87
At the time, Cramer viewed Reddit Inc. (NYSE:RDDT) as a post-IPO standout.
“The Reddit IPO came earlier this week and it was a success as the company managed to place enough stock with loyal Redditors who for the most part didn’t sell. […] I’m most interested in this company frankly.”
The episode aired around the company’s IPO. Since then, Reddit Inc. (NYSE:RDDT) has climbed by a whopping 178.70%.
Jim Cramer also talked about the stock during a Mad Money episode on February 18. Here’s what he said:
“Reddit was a red-hot IPO, running to $230 last week before getting clobbered by a quarterly miss. What caused it? A change in the Google search algorithm. No hot stock can afford to have that happen. […] I’ve been there. When I ran TheStreet, Google changed its algorithm multiple times without warning, and we’d miss a quarter by a mile. It happens. That’s why I think you should take advantage of this pullback and do some buying.”
20. GameStop Corp. (NYSE:GME)
Number of Hedge Fund Holders: 24
Cramer was skeptical on GameStop Corp. (NYSE:GME) at that time, expecting weak results.
“I expect another dismal quarter, of course, but that’s never stopped anyone from the Wall Street Bets department of Reddit. […] I don’t expect a repeat of the action from 3 years ago, but perhaps they’ll help prop up the stock after another horrendous set of numbers.”
Overall, GameStop Corp. (NYSE:GME) has raised by 76% since that episode.
On the 3rd of February, Jim Cramer called GameStop Corp. (NYSE:GME) a meme stock and instead, strongly suggested investing in Palantir or Take-Two:
“I think, I’ll tell you, if you want games, you gotta be in Take-Two because Take-Two’s gonna have a Grand Theft Auto brand new edition this year and that’s the one to be in. I mean, you gotta have momentum. I mean, look at what happened to EA, uh-uh, so I can’t recommend GameStop, I just know it’s a meme stock. But if you want a meme stock, of course, you just buy Palantir. I think everyone should just go buy Palantir. I mean like Palantir, it’s like, what can I say? Alex Karp, I think he’d find you if you didn’t buy Palantir and give you a little talking to.”
19. McCormick & Company, Incorporated (NYSE:MKC)
Number of Hedge Fund Holders: 42
A caller asked about McCormick & Company Incorporated (NYSE:MKC), and Cramer was optimistic back then.
“I bet this terrific house of flavor brands, without a lot of fattening product by the way, could have upside.”
Cramer’s optimism was warranted, with McCormick & Company Incorporated (NYSE:MKC) rising by 14.76% since then.
The host of Mad Money also mentioned the company again on the 27th of February as one of the stocks that can hold their value amid tariffs:
“Food, okay, I got one. McCormick international arm might be okay because they’re not gonna put tariffs on spices, are they? And it’s not gonna be hurt by GLPs… nor does it seem to be a candidate for any sort of presidential edict.”
18. Cintas Corporation (NASDAQ:CTAS)
Number of Hedge Fund Holders: 56
Cramer praised Cintas Corporation (NASDAQ:CTAS) at the time for its consistent performance:
“Cintas has just repeatedly blown away the numbers. I expect nothing less this time. Bankable.”
Cintas Corporation (NASDAQ:CTAS) has been doing great recently, having risen by 20.64%.
On the 8th of January, calling Cintas Corporation (NASDAQ:CTAS) his favorite, Cramer mentioned the company’s “hostile $5 billion-plus takeover” that was reported recently.
“Also, yesterday we learned that another Cramer fave, small business uniform rental provider, Cintas, although they do a lot of other stuff for a small business, was launching a hostile $5 billion-plus takeover attempt of UniFirst, which also specializes in workplace uniforms and protective clothing.”
17. Carnival Corporation & plc (NYSE:CCL)
Number of Hedge Fund Holders: 56
Cramer remained constructive on Carnival Corporation & plc (NYSE:CCL) but noted competitive pressures that surrounded the company during that period:
“Royal Caribbean has pulled away from the pack. Can Carnival catch up? I think it’d be hard not to.”
Since then, Carnival Corporation & plc (NYSE:CCL) has risen by 16.63%.
Cramer talked about the stock again on the latest episode on the 14th of March, saying that it stands a chance to perform if it is not targeted by the relatively new administration:
“Finally, on Friday, we hear from Carnival, the cruise line. Cruise lines are flagged outside of the U.S., which has made them the target of the Commerce Department. I wonder if Commerce Secretary Howard Lutnick picks this day to lay into Carnival. If not, I think that the group’s been strong even as the stocks have been awful of late. We know the business isn’t weak and therefore, Carnival stock could be ready to roll as long as it’s not attacked by the administration.”
16. Kimberly-Clark Corporation (NYSE:KMB)
Number of Hedge Fund Holders: 50
Cramer pointed out potential for Kimberly-Clark Corporation (NYSE:KMB) back then as it transitioned from defensive to offensive mode.
“This company may be ready to play offense after some slowdown caused by the persistence of this work from home ethos. […] I think the stock’s pretty interesting down here.”
Kimberly-Clark Corporation (NYSE:KMB) has risen by 11.68% since the show aired.
Including Kimberly-Clark Corporation (NYSE:KMB) among stocks that are smart investment options for kids, Cramer said the following on the 10th of February:
“There’s a good company, Kimberly Clark. These are things we aren’t even taught, they’re imprinted.”
15. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)
Number of Hedge Fund Holders: 48
At the time, Cramer saw potential for Walgreens Boots Alliance, Inc. (NASDAQ:WBA) due to leadership changes.
“For once, I’m actually excited about this drugstore stock because there could be a turn in hand now that they brought in Tim Wentworth, at last, a seasoned healthcare executive CEO.”
The company has had a very disappointing year, with its stock sinking by 45.43% over the past 12 months.
Walgreens Boots Alliance, Inc. (NASDAQ:WBA) has been a continued center of acquisition-related chatter. Here is what Cramer said on March 7th:
“Look cause I’ve always loved Sweeney, with Sycamore. And I think the world of Wentworth.
I think Wentworth saved the company. I think that this is a company that may have been, on death row. I think they bought so much. . .but the lock and key is really, that’s the Achilles Heel, the actual brick and mortar, Amazon, lurking. Amazon wanting that business. Amazon same day, Amazon, hourly. These are all things that just make it so the Walgreens situation’s too hard. Now, I know that Walgreens told me that the only stores that are open still are money making. Which is what I think Sweeney’s looking at. I do think that Wentworth gave you some upside which is terrific. I’m sure that people were mad at Wentworth because he sold so low so to speak. I think he saved it. I think he saved the jobs. I’m proud of what he did.
I’d like to just buy a call on Wentworth, sell the call on the President, buy the call on Wentworth. Don’t sell the put on the President. That could be deadly.”
14. Coterra Energy Inc. (NYSE:CTRA)
Number of Hedge Fund Holders: 49
When a caller asked for advice, Cramer recommended Coterra Energy Inc. (NYSE:CTRA) instead of other options back then. Here’s what he said:
“You should roll that money into the stock that I tell club members they should own, which is Coterra. That’s a better value right now.”
Coterra Energy Inc. (NYSE:CTRA)’s performance has been disappointing, with the stock falling by 2.42% since then.
Nevertheless, Cramer remains a fan of the firm’s management and particularly its CEO who he believes is the “dean of the oil and gas industry.” Here’s what he said on March 5th:
“I like Coterra because it’s natural gas, which is four dollar natural gas, it’s really well. A lot of people always want Occidental because it’s Buffett’s company, it’s not as well run as Coterra. It’s not as well run as Chevron. Which has really lagged.”
13. Nike, Inc. (NYSE:NKE)
Number of Hedge Fund Holders: 73
Cramer was cautious on Nike Inc. (NYSE:NKE) at the time due to near-term headwinds, saying:
“I think that Nike’s got to try to bottom here before I’ll recommend it, maybe at $90. It’s got a great brand name but the next quarter is going to be weak too.”
Cramer’s pessimism was justified, with Nike Inc. (NYSE:NKE) falling by 23.65% since that comment.
During the latest episode of Mad Money on the 14th of March, Cramer assured his viewers that he remains optimistic about Nike’s comeback:
“Then there’s Nike, which needs to officially say that it’s back on track and ready to grow again. If management does, that $71 stock will see $80 very quickly. I regard Nike as a coiled spring, minimal downside, certainly worth doing.”
12. General Mills, Inc. (NYSE:GIS)
Number of Hedge Fund Holders: 49
Cramer had a favorable view of General Mills, Inc. (NYSE:GIS) thanks to a strong quarter at the time:
“General Mills’ quarter was really, really good. I recommend the stock. 3.4% yield without a lot of GLP-1 exposure. I think you’re good to go on that one.”
The stock has dropped by 13.81% since then.
As per Cramer’s most recent comments on the 14th of March, General Mills, Inc. (NYSE:GIS) is likely to miss its numbers as he said:
“Now we’ve got some important corporate news Wednesday too. First, General Mills reports and I read a piece this morning that predicted that they missed their numbers. I know Mills is in the crosshairs of the Secretary of Health and Human Services, Bobby Kennedy Jr. (Robert F. Kennedy Jr.) because those artificially colored cereals make you want to eat stuff that’s too sugary.
Plus, it makes some fattening foods that won’t do well when people are continuing to adopt the GLP-1 weight loss drugs with a vengeance. I don’t expect a good number here and nobody else does either.”
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 21st 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.”
10. Roblox Corporation (NYSE:RBLX)
Number of Hedge Fund Holders: 61
Cramer was upbeat on Roblox Corporation (NYSE:RBLX) back then, citing accelerating growth metrics. Having a discussion with the company’s CEO, he wanted to get his view on whether or not this company would now enter its “re-acceleration” phase:
“Let’s talk about Roblox, the online gaming and game creation platform that’s insanely popular with kids. 71.5 million daily active users in the latest quarter but because they never pivoted to profitability, yet, the stock hasn’t gotten as much love as I think it should’ve.
“It’s the beginning of the great re-acceleration. Daily average users up 22%, hours engaged up 21%, revenues up 30%, bookings up gigantically. […] I’ve been waiting for this one to take off — it is taking off.”
Apparently, Jim Cramer has every right to be upbeat on Roblox Corporation (NYSE:RBLX), with the stock having surged by 51.66% since then.
9. Okta, Inc. (NASDAQ:OKTA)
Number of Hedge Fund Holders: 71
Cramer pointed to Okta, Inc. (NASDAQ:OKTA) as a stock with momentum following a strong earnings report.
“Three weeks ago they proved you wrong with a magnificent quarter that sent the stock into the stratosphere. You know what? I don’t think it’s done.”
Okta Inc. (NASDAQ:OKTA)’s performance has been mild since then, having risen by just 6%.
8. Raymond James Financial, Inc. (NYSE:RJF)
Number of Hedge Fund Holders: 39
Cramer was cautious on Raymond James Financial, Inc. (NYSE:RJF) due to its premium valuation at the time.
“The thing is a horse, but it’s now valued more highly than JPMorgan, so I’m going to have to say it’s too late. We missed it.”
Raymond James Financial Inc. (NYSE:RJF) has risen by 13.38% since the show aired last March.
7. ARM Holdings plc (NASDAQ:ARM)
Number of Hedge Fund Holders: 42
Cramer turned positive on Arm Holdings plc (NASDAQ:ARM) after the stock cleared a key lockup period back then. Here’s what he said after being asked by a caller:
“I like Arm very much. I wanted to be sure that we had that lockup expiration and it looks like it’s come and gone. I think you got a good situation going there, I would be a buyer.”
The episode aired close to the company’s IPO at the time. ARM Holdings plc (NASDAQ:ARM)’s stock price has dropped by 12.08% since then.
Cramer commented on Arm Holdings plc (NASDAQ:ARM) again on the 5th of February this year:
“Tomorrow, we’re going to hear from Arm. And you’re going to hear Arm saying listen we’re winning that arms race in CPUs too. So there’s just a lot of them and they have a confluence of things with Jensen. But I just come back and say, Rene Haas doing better, at Arm, Jensen Huang doing better in NVIDIA.”
6. Unity Software Inc. (NYSE:U)
Number of Hedge Fund Holders: 48
Cramer reversed his bearish stance on Unity Software Inc. (NYSE:U) thanks to the new CEO who was joining at that time:
“I would have told you to sell the stock but you know what? You can’t anymore. Why? Because Jim Whitehurst is now in charge, and Whitehurst is a fire. I’ve changed my mind on this stock because he’s running it.”
Unity Software Inc. (NYSE:U) has sunk by 23% since then.
Jim Cramer’s latest view came in July 2024 when he recommended investors to stay away from Unity Software Inc (NYSE:U), calling the stock a “falling knife.”
5. Uber Technologies, Inc. (NYSE:UBER)
Number of Hedge Fund Holders: 168
Cramer was clearly bullish on Uber Technologies, Inc. (NYSE:UBER) during that older segment. This was his answer when asked by a caller:
“Oh Uber, I am very bullish on it.”
However, the stock has failed to meet expectations, falling by 10.82% during that period.
Uber Technologies, Inc. (NYSE:UBER) was mentioned again by Cramer on the 25th of February:
“I like Uber very much. Now, I was there when they reported and it was incredible. The stock went down and I called out the people who were selling it as morons. Now, look, I think it can, look, I mean it’s at $74. Could it go back to $68? Absolutely. So… here’s what we’re gonna do, we’ll buy a little bit tomorrow, and then if it goes to $68, we’ll buy a little bit more. Okay? That’s the game plan.”
4. GE Aerospace (NYSE:GE)
Number of Hedge Fund Holders: 101
A caller asked Jim Cramer about his opinion on GE Aerospace (NYSE:GE), referred to as General Electric at the time. Here’s what he replied with:
“People are saying the stock is overextended and I totally get that; it’s one of the greatest charts in the book. But because Boeing is so screwed up, people are saying give me an aerospace play, and they keep going back to GE. So I’m not going to tell you to sell the stock. I can tell you can hold it if it drops down buy more. But I can’t tell you to sell it, it’s too good.”
The stock is up by 44.29% since then.
On March 14th this year, Cramer was asked if GE Aerospace (NYSE:GE) could take more share from Boeing and Cramer replied with:
“Oh man. Okay… I think the answer is they can take a ton. They, and you have to, you have to buy it and buy it like mad because what’s gonna happen is there’s going to be so much servicing of these planes and that’s where they make their biggest money. And don’t forget, you’re getting Larry Culp who’s one of the greatest executives in America.”
3. Teva Pharmaceutical Industries Limited (NYSE:TEVA)
Number of Hedge Fund Holders: 72
When Teva Pharmaceutical Industries Limited (NYSE:TEVA) was mentioned by a caller on the show, Cramer admitted that he has been hard on the stock, saying:
“You’re right. I’ve been hard on Teva because I like Lilly, but Teva’s situation is improving and it’s ridiculously inexpensive. And they actually got some good scientists there! So I’m not knocking Teva anymore.”
Teva Pharmaceutical Industries Limited (NYSE:TEVA) has risen by 19.36% since those comments.
For Cramer, the firm’s under-development drug for ulcerative colitis and Crohn’s disease is all the hype as he commented the following on the 17th of December 2024:
“[ULCERATIVE COLITIS AND CROHN’S] people have had some struggles with it, there are drugs out there that right now, they are so expensive, this would be a major break in inflation in the system. And they’re going right to three, and I thought it was very encouraging.”
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 25th 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.
1. SoundHound AI, Inc. (NASDAQ:SOUN)
Number of Hedge Fund Holders: 11
A caller was curious about some AI stocks and asked Cramer about his thoughts on SoundHound AI Inc. (NASDAQ:SOUN), to which Cramer seemed bearish on:
“Some people say I’ve killed SoundHound. I said I would not buy it at $9, so I didn’t mean to kill it, but at $6, I won’t buy it either.”
SoundHound AI, Inc. (NASDAQ:SOUN) has actually surged by 62.87% since then, bouncing back from its $6 price, surpassing $10.
On the 5th of February this year, Cramer mentioned the stock again:
“I was talking about this with Jeff Marks today. It’s very funny you mentioned that because Soundhound is a stock that my friend Dan Ives likes and I, I don’t like to go against Dan. I think he’s terrific, but I think the stock is a little elevated.”
While we acknowledge the potential of SOUN 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 SOUN 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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