In this article, we will examine how Cramer’s opinions panned out on the 13 stocks he discussed 12 months ago.
During a recent episode of Mad Money, Jim Cramer offered his perspective on the day’s market rally as he delved into the impact of the ongoing dynamic between President Donald Trump and Federal Reserve Chair Jerome Powell.
“All day, I heard that today’s rally was just a bear market rally, okay? That it was a phony spike, and the market will go right back down the moment the president posts that there’ll be no compromise on tariffs. Who knows, maybe Fed Chief Jay Powell should be deported.”
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However, Cramer pointed out that the tone shifted significantly just after the market closed. In his words, “We get incredible news that is sure to drive this market higher.” The news came directly from the President, who clarified that he had no intention of firing Powell, a rumor that Cramer identified as a major factor in the prior day’s market slide. Trump’s statement, “Never did, never will,” regarding any plans to remove Powell effectively erased the cloud of uncertainty that had been hanging over the markets.
Given this reversal, Cramer questioned whether the rally could still be called a bear market bounce. In his view, it now looked like something more substantial. He explained that real recoveries are often mischaracterized at first. According to Cramer, they typically begin with what appear to be bear market rallies, short-lived, suspicious upticks that many investors brush off due to repeated disappointments in the past. He stressed that the early stages of genuine market turnarounds are often marked by disbelief and hesitation, with only the boldest or most reckless traders recognizing their potential early on. He added:
“Now look, just because the President doesn’t want a constitutional crisis and is going to keep Powell doesn’t mean we have more to go on. For example, there’s been no sign of change from the administration on the trade wars.”
Methodology
For this article, we compiled a list of 13 stocks that were discussed by Jim Cramer during the episode of Mad Money on April 22, 2024. We then calculated their performance from April 22nd, 2024, market close to April 23rd, 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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13. Tesla Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 126
In that older episode, Jim Cramer discussed the negative sentiment around Tesla Inc. (NASDAQ:TSLA), highlighting its price cuts and internal turmoil. At the time, Cramer viewed Tesla as a struggling carmaker facing weak demand for its electric vehicles and compared its situation unfavorably to its traditional auto competitors, saying:
“When Tesla goes down it tends to hurt everything related. Today though, Tesla cuts $2,000 worth the price of three of their five models and its continued travails around layoffs and executive departures actually produced rallies among its big competitors Ford and GM. The takeaway here was that people still want cars; they just don’t want Teslas or even EVs in general. […]
Wall Street’s no longer presuming Tesla will have a miss, it is presuming they’ll have a loss. Tesla is feeling mighty like a car company with the wrong product line—electric vehicles—when everyone who wants one seems to have one already and there’s no new product refresh. Car companies get very, very low price-to-earnings multiples during these times.”
Jim Cramer did not get this one right, as Tesla has climbed 73.31% since those comments.
However, as the company has fallen sharply from his all-time highs from earlier this year, Cramer highlighted Tesla, Inc.’s (NASDAQ:TSLA) recent pullback and gave his view on its upcoming earnings. Here’s what he said on April 17:
“Now, no earnings season is complete without Tesla. Okay? It’s kind of like Netflix. Yeah, great number, Netflix, no kidding. People keep talking about how Tesla needs to redefine itself as a technology company replete with life-size robots and a game plan for the national rollout of self-driving cars. Without that, this is just some struggling EV play. Elon Musk, bring on the humanoids. It’s their time. Give them a break.”
