Was Jim Cramer Right About These 23 Stocks?

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10. DraftKings Inc. (NASDAQ:DKNG)

Number of Hedge Fund Holders: 65

DraftKings Inc. (NASDAQ:DKNG) is a major player in online sports betting and daily fantasy sports across the U.S. In that older episode, Cramer discussed DraftKings as a stock with improving fundamentals, supported by strong technicals.

“I like DraftKings. I thought the company had a lot going for it when it reported what was widely called a mixed quarter back in mid-February. I said it was much better than that if you did your homework. The quarter was very, very encouraging.”

DraftKings Inc. (NASDAQ:DKNG) has pulled back by 22.56% since being mentioned.

Cramer has soured a bit on gambling stocks ever since, but he remains a fan of the stock. Here’s what he said on the 6th of January this year:

“Yeah, I, I’m not that high on the gambling stocks right now. There’s, it feels like there’s too many of them and we need a consolidation. The one that I like is… DraftKings, but that’s come down quite a bit too. It’s not been a good group.”

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