In this article, we will take a look at 10 stocks that Jim Cramer discussed 12 months ago during his show on April 4, 2024, and examine whether he was right or wrong about those stocks.
Back then, the show was heavily focused on the biggest media companies and how Jim Cramer ranked each one. He also discussed some of the biggest losers and winners of the post-pandemic stock market.
In the most recent episode of Mad Money, Jim Cramer took a closer look at the current status of the Magnificent Seven stocks, offering insight into both their market positioning and how the White House’s stance seems to be shifting.
“First, I can’t be sure that Trump has changed, but I do believe that he’s never lost sight of the markets and he watches the business channels.”
READ ALSO: Was Jim Cramer Right About These 13 Stocks? And Did Jim Cramer Nail or Miss These 14 Stocks?
Cramer emphasized that his analysis is not political, rather, it is a “clear-eyed” assessment of what the president aims to achieve. According to Cramer, Trump is pushing for more jobs and manufacturing within the U.S., even if it means sacrificing access to cheap goods from overseas. Turning his attention to the Magnificent Seven stocks, Cramer said:
“Everybody knows the Magnificent Seven is not so magnificent anymore… But as I said over and over again, you simply can’t count these stocks out.”
He explained that these stocks still hold significant value despite their significant drops from their peak highs. For Cramer, these companies are not to be dismissed lightly. He mentioned that six of them are part of his Charitable Trust, making them especially relevant to his analysis. He noted that some serious damage had been done to the group.
As Cramer continued his commentary, he pointed out that analyst sentiment toward the Magnificent Seven has become more positive after a year of skepticism. However, he highlighted that only Amazon and Nvidia have truly favorable setups at the moment. For the others, it remains to be seen what the future holds. Regardless of their uncertain outlooks, Cramer noted one important factor common to all these companies: as their stock prices fall, they actually become more affordable.
“Their stocks actually truly do get cheaper as they go lower, and that’s more than I can say for many others that have held up well during this exceedingly difficult period.”
Our Methodology
For this article, we compiled a list of 10 stocks that were discussed by Jim Cramer during the episode of Mad Money on April 4, 2024. We then calculated their performance from April 4th, 2024, market close to March 26th, 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.
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10. Conagra Brands, Inc. (NYSE:CAG)
Number of Hedge Fund Holders: 32
Conagra Brands, Inc. (NYSE:CAG), the packaged food powerhouse behind Healthy Choice, Slim Jim, and Orville Redenbacher’s, was a standout during the episode thanks to a strong earnings beat and a resurgence in frozen food demand. Jim Cramer was bullish on the stock back then, praising it for its post-covid recovery at the time:
“The frozen food aisle is buzzing again and almost nobody saw Conagra coming… I think it’s going to stay this way for some time.
“[Talking to the company’s CEO] Your stock was the best performing stock in the S&P 500. I see a major turn here. Because we finally got over the covid hangover, we finally got over the giant price increases that you were forced to put through, not that you were forced to, and to me it seems now you’re back on a firm growth path.
[…] People want yield, people want growth, they want steady and they want science. I think Conagra has it.”
Conagra Brands, Inc. (NYSE:CAG) has declined by 15.14% since that episode, despite Cramer’s optimism at the time.
Jim Cramer appears more neutral on the stock lately. Here’s what he said on the 19th of December, talking about the potential of the company’s products in relation to the rise of weight-loss drugs:
“I think Conagra actually has a line of GLP-1 foods. And they think that GLP-1 is a tailwind. Tailwind.”
9. The Walt Disney Company (NYSE:DIS)
Number of Hedge Fund Holders: 108
The Walt Disney Company (NYSE:DIS), the global entertainment giant behind ESPN, Marvel, and Disney+, was discussed extensively in that older episode following CEO Bob Iger’s victory in the proxy battle against Nelson Peltz. Cramer also talked about the “big four” media companies and ranked them based on his analysis. He ranked Disney first initially, saying:
“The proxy fight at Disney came to an end yesterday with Disney fending off legendary activist investor Nelson Peltz’ bid for two board seats. […]
Disney’s been far in away the best performer finally doing something for my charitable trust. The stock’s up nearly 33% although down badly today after a brutal intraday reversal. […]
As I said in a special alert to CNBC investing club subscribers earlier today, even as we sold some Disney stock Monday because it had run so much, we wanted to trim even more this morning again when the stock was up nicely but we couldn’t because of our restrictions. Of course it doesn’t mean I’m restricted from telling you not to sell so I told you to sell. I’m still positive on the stock but a good bit less than I was 5 months ago.
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.”
The Walt Disney Company (NYSE:DIS) has dropped 13.85% since Cramer covered it, supporting his sell call at the time but not justifying its ranking.
Nevertheless, Jim Cramer remains a fan of the stock. When asked on the 19th of March by a caller, he was positive that Disney is still a buy:
“Oh, Disney. I love Disney, over $100, it’s, I’m still buy, buy, buy Disney.”
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.”
7. Warner Bros. Discovery, Inc. (NASDAQ:WBD)
Number of Hedge Fund Holders: 64
Warner Bros. Discovery, Inc. (NASDAQ:WBD), the media conglomerate behind CNN, HBO, and Discovery Channel, was flagged by Cramer in that episode for its weak financials and poor earnings. He ranked it at the bottom of his media stock list back then:
“You know what’s not a good solid option though, sadly? Warner Brothers Discovery. I put this stock in third place five months ago purely out of respect, not fourth place because of the long-term track record of CEO David Zaslav and we care about long-term on the show. But it’s getting harder to see how he’s going to pull this rabbit out of a hat. Remember, all the old line media companies are up against the same set of challenges here but Warner needs to navigate these challenges with the worst balance sheet in the industry by far actually. […]
In short, it’s a Highwire act. The company needs to consistently put up strong numbers to outrun its debt maturities and interest payments. Sadly the most recent quarter did not have strong numbers with Warner Brothers missing expectations pretty much across the board. Best I can say about this one is that June 2 seems like a major success at this point. However, I can’t go positive on the stock until the balance sheet gets much more clean. And you have to respect that we do balance sheet analysis here and this is just not good. […]
Then at the bottom of the rankings I’m going to swap Paramount and Warner Brothers Discovery to Paramount third. Warner Brothers got to go dead last. They’re both in not great shape but at least Paramount has takeover chatter; Warner Brothers doesn’t seem to have anything”
Warner Bros. Discovery, Inc. (NASDAQ:WBD) has risen by 30.69%, showing a surprising rebound despite Cramer’s skepticism.
Jim Cramer’s latest comments on WBD came on the 5th of March, where he wondered whether the firm’s $20 billion debt pay down is one of the reasons behind the stock’s performance. He has also cited some optimism while talking about the CEO:
“And by the way, David as you’ve been not talking about, the resurrection of Warner Brothers. WBD. Look at that. Why did that . . .they liked the debt paydown?
“Look, uh stay the course. I think that David Zaslav would tell you that buried within that company is the number one studio in the world.”
6. Paramount Global (NASDAQ:PARA)
Number of Hedge Fund Holders: 54
Paramount Global (NASDAQ:PARA), the media firm behind CBS and Paramount+, was described by Cramer as a troubled company with weak operations but takeover chatter that gave the stock some support at the time:
“Paramount is also an enigma. On the one hand it’s not doing well operationally and it’s the second worst balance sheet in the industry; a close second actually. On the other hand Paramount is considered to be in play, meaning somebody might buy the whole shooting match. I think that’s the only reason why this stock has held up so much better than Warner Brothers over the past 5 months. But man for a company that’s supposed to be in play Paramount shares act terribly. These takeover rumors pushed the stock up from $11 in early November to 17 in mid-December. Since then it’s giving back almost all of those gains because even if there is a deal we realized it’s going to be very messy and probably not too rewarding for shareholders, at least the common shareholders like you and I. […]
Long story short, even if Paramount gets to take over a bit it probably won’t be a huge windfall for shareholders as nobody’s crazy enough to pay up for this thing. Right now people don’t like this linear TV. […]
Then at the bottom of the rankings I’m going to swap Paramount and Warner Brothers Discovery to Paramount third. Warner Brothers got to go dead last. They’re both in not great shape but at least Paramount has takeover chatter; Warner Brothers doesn’t seem to have anything”
Paramount Global (NASDAQ:PARA) has declined by 4.12%, consistent with Cramer’s concerns about its messy fundamentals.
When asked about the stock again on the 17th of March this year, Cramer did not hesitate to give his bearish view on Paramount, replying:
“Take the money and run. It’s kind of a done deal. We move on to the next, we find the next big one. I suggest that you actually take a look at Disney, which is really cheap.”
5. Royal Caribbean Cruises Ltd. (NYSE:RCL)
Number of Hedge Fund Holders: 58
Royal Caribbean Cruises Ltd. (NYSE:RCL), one of the world’s largest cruise line operators, was held up in the episode as a dramatic COVID recovery story. Cramer noted how the stock rebounded sharply after short sellers bet incorrectly on a permanent decline back then:
“Now have you noticed for instance that the cruise line stocks have been among the best performers for the last 18 months? Especially Royal Caribbean. […]
If you go back and look at the bottom of the covid bear market, you’ll see some owner refinancings for Carnival representing real bankruptcy risk. At the same time the cruise CEOs were telling you not to worry as the months were on because customers always come back to cruising. Too great a bargain for them to ignore.
Oh the hedge funds didn’t believe that though. They shortened the cruise line stocks endlessly and mercilessly but it turned out that the CEOs were right the customers did come back and then the shorts were overrun.
Royal Caribbean Cruises goes from $37 when the pandemic truly began near the end of 2022 to $135. Now that’s the short sellers covering because of the broken covid trade.”
Royal Caribbean Cruises Ltd. (NYSE:RCL) has gained an impressive 62.81% since that episode, validating Cramer’s view on its post-COVID rebound.
Jim Cramer remains a fan of the stock and gave his view on it on the 12th of March after talking to the company’s CEO:
“What else in travel’s worth taking a look at?… It’s tough for me to square the heinous action with what we just heard from Jason Liberty, the CEO of Royal Caribbean. When he came on the show last week, first, Liberty confirmed that its… consumers perceive Royal Caribbean cruises as a better value than a land-based vacation, reinforcing my view the cruise lines can still do fine even in a softer economy. Second, he cited its own bookings and on-ship spending data from recent voyages saying matter-of-factly, ‘that cash register continues to ring and be consistent.’
Finally, looking at longer term, Liberty noted that, this is so important, understand this major, major ratio, the new supply, meaning new cruise ships, should continue to be limited for the next few years, which is positive for the entire industry’s pricing power. At one point you see the pricing power go down when they have a lot of ships coming. Plus, altogether, I feel really okay about the cruise lines, Royal Caribbean in particular. This had a 25% pullback from its recent high, stock now sells for a very… undermining 14 times earnings. I like that.”
4. Peloton Interactive, Inc. (NASDAQ:PTON)
Number of Hedge Fund Holders: 49
Peloton Interactive, Inc. (NASDAQ:PTON), the connected fitness company, was mentioned as a failed COVID-era favorite. Cramer reflected on how overconfidence in subscriber retention back then led to heavy losses for investors:
“[talking about short sellers during Covid] many people who tried this game lost fortunes. They thought there was no way Peloton was going to lose all those subscribers, right? Oops wrong! Who knows if this one will ever come back?”
Peloton Interactive, Inc. (NASDAQ:PTON) has soared 81.10% since being mentioned, defying the doubts about its recovery potential.
However, Cramer has changed his stance on the stock recently, acknowledging its turnaround. Here’s what he said on the 14th of March:
“[On Cannacord going to buy] The fitness trend is good. Remember the fatness trend is battling with the fitness trend. But I would say that Peloton, Spotify, Netflix, Costco, subscription businesses. Subscription businesses are king. And Peloton’s a subscription business. Well done.
“Peloton seems like it’s got churn down. And I like that. That was a very good call. I thought the call was very good. Remember, I’m totally in this camp which just says, younger people want to workout.”
3. Exxon Mobil Corporation (NYSE:XOM)
Number of Hedge Fund Holders: 104
Exxon Mobil Corporation (NYSE:XOM), one of the world’s largest oil companies, was brought up by a caller during the show. Cramer noted its strength even after a weak earnings report, but advised caution due to the stock trading at its highs at the time:
“I saw the stock up on a bad day even though they admitted last night that they missed the numbers pretty big. What does that tell you about what can happen here? Now it is at a high. We don’t buy at a high; we wait for a 3 to 5 to 7% pullback. We buy at those levels. But you are a winner and you’ve recommended a winner.”
Exxon Mobil Corporation (NYSE:XOM) has been very underwhelming, slipping by 1.21% since the episode.
This underwhelming performance has also forced Cramer to turn bearish on the stock. Here’s what he said on the 6th of February:
“You know, look, frankly, I’d rather see you in Chevron if you could do that… but I, no, we wanna stay away from Exxon… It’s just, it’s, it’s not where the action is.”
2. Procter & Gamble Co. (NYSE:PG)
Number of Hedge Fund Holders: 79
Procter & Gamble Co. (NYSE:PG), the consumer goods giant was called a reliable long-term stock during the episode. Cramer said he was rebuilding his position in PG back then:
“Procter & Gamble’s terrific. We bought some yesterday. We sold some Procter when it first hit 160s and now we’re trying to rebuild the position. We bought some yesterday and I’m looking to buy more. Why? Because Procter & Gamble is what you buy. It’s a steady Eddie company. Whenever it’s had a break I’ve always reached for it and it’s been right to reach for.”
Procter & Gamble Co. (NYSE:PG) has climbed 7.16% since that episode, in line with Cramer’s steady, long-term endorsement.
The host of Mad Money gave his analysis on the stock again on the 12th of February, saying:
“For example, there are a bunch of excellent well-run consumer packaged goods. They call them CPG companies. Maybe you wanna buy Procter & Gamble, a long-time favorite. There are lots of logical reasons to like them, but like I told you earlier, logic is rarely what drives the stock market on a day-to-day basis. So let, but let’s follow through here. Suppose you pick up some Procter & Gamble because you really believe in management or you like the dividend or you think that plastic and fuel costs are going down, which will boost the company’s gross margin. That’s a huge part of the expense. So you buy the stock and then it explodes higher. What’s next? Well, you have to ask yourself why is it rallying…
Let’s say you rack up a nice win in Procter, you should ask yourself if you were right or if you simply happened to be in the right place at the right time. What do I mean by right place or time? Rotation, rotation, rotation. There are times when the consumer packaged goods stocks roar higher for reasons that have nothing to do with the underlying companies.
Procter, like all consumer packaged goods plays, is a recession stock because its earnings tend to hold up during a slowing economy, its stock roars when we get lousy economic data.”
1. Snap Inc. (NYSE:SNAP)
Number of Hedge Fund Holders: 44
Snap Inc. (NYSE:SNAP), the social media company best known for Snapchat, had just posted a weak quarter at the time of the episode. Cramer gave a cautious outlook for the stock in the near term:
“All right Snapchat did not have a good quarter. You do not have much luxury here, you got about 3 weeks to make a move. If it bounces here if you can get it out of $12, $13 that’s what I prefer. Probably has a couple points downside from here.”
Snap Inc. (NYSE:SNAP) has fallen by 14.45% since the episode, validating Cramer’s cautious take after a disappointing quarter.
Cramer has been bearish on Snap Inc. (NYSE:SNAP) for a while now. On the 14th of March, the host of Mad Money indicated the reasons behind the stock’s downfall and its recent change in CEO:
“They did too much stock-based compensation. They didn’t get the balance sheet right… I mean, there’s a possibility they make some money. I got an idea for them, new CEO. By the way, there’s no crime in that. You just swallow your pride and you just say, hey, you know what, I’m gonna let someone else do it.”
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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
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