Was Jim Cramer’s Call Right on These 10 Stocks?

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8. Fox Corporation (NASDAQ:FOX)

Number of Hedge Fund Holders: 70

Fox Corporation (NASDAQ:FOX), known for its news and sports broadcasting assets including Fox News and Fox Sports, was praised by Cramer in that episode for delivering resilient earnings and benefiting from election-year tailwinds. He moved Fox ahead of Disney in his media power rankings at the time:

“I correctly pegged this as the 2nd best of the big four media stocks back in November. Well, when Fox reported its latest quarter the numbers were surprisingly resilient. Nobody expected a great looking quarter because the company’s up against some real difficult comparisons. […] I still see Fox is a good solid Choice especially because the stock hasn’t run too much and has a reasonable valuation, plus we’re now in an election year where Fox News will likely make out like Bandits. […]

I do want to swap Fox for Disney at the top of the rankings with Disney moving to second because it’s already run so much and the Peltz proxy fight is over.”

Fox Corporation (NASDAQ:FOX) has surged by 80.01% since that episode, making Cramer’s bullish stance look exceptionally well-timed.

Cramer recently praised the company’s management. Here’s what he said on the show on the 10th of January:

“What’s interesting is that you told us a long time ago that Fox turned out to be a carve out winner. And I think that a lot of that’s management. They really know what they’re doing.”

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