Jim Cramer is one of the top watched TV personalities on CNBC. He is the host of Mad Money and also the co-founder and chairman of TheStreet.com. Nearly two hundred fifty thousand people watch his show daily on TV and most of these are ordinary investors trying to understand what’s going on in the market. Jim Cramer’s stock picks on his show is the starting point for many investments made by these folks. Insider Monkey, your source for free hedge fund data, will try to help these people by analyzing hedge fund holdings in Jim Cramer’s stock picks.
Yesterday Jim Cramer was bullish about the following three stocks that were among the worst performers in the S&P 500 index during the first half of 2011:
1. Alpha Natural Resources (ANR): Cramer recommended ANR back in March but the stock kept declining because of the fall in coal prices. John Paulson had more than $700 Million in ANR at the end of March. Glenn Russell Dubin’s Highbridge Capital and James Dinan’s York are also bullish about Jim Cramer’s stock pick.
2. Monster Worldwide (MWW): Cramer thinks the soft patch in hiring is over and MWW will benefit. John Thaler’s JAT Capital, Curtis Macnguyen’s Ivory Capital, and Guru Ramakrishnan’s Meru Capital made new bullish bets on Jim Cramer’s this stock pick.
3. Janus Capital Group (JNS): Long-term underperformer Janus was Jim Cramer’s third stock pick among the dogs of the S&P 500 index. John Rogers’ Ariel Investments and Michael Messner’s Seminole Capital are bullish about JNS.