10 Stock Predictions That Jim Cramer Got Right Again

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2. The Estée Lauder Companies Inc. (NYSE:EL)

Number of Hedge Fund Holders: 49

In that older episode, a caller from the Investing Club asked if The Estée Lauder Companies Inc. (NYSE:EL) was worth adding to amid ongoing weakness in its China business and luxury segment. Cramer was deeply disappointed with the stock’s performance at the time and cautioned against buying more:

“Until I see something actually good out of the company I can’t keep buying it. It is a horrendous stock — the worst stock that we own now… China was bad but China’s inventory has been cleaned out… I need to see something, anything positive… even just like a maybe like a bottle of MAC.”

Cramer was brutally honest in calling it “a horrendous stock,” and rightly so as it’s down -44.51%.

The Estée Lauder Companies Inc. (NYSE:EL) is a global leader in prestige beauty, producing skincare, makeup, fragrance, and hair care products under brands like Estée Lauder, MAC, and Clinique.

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