Did Jim Cramer Get These 23 Stocks Right?

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2. Rio Tinto Group (NYSE:RIO)

Number of Hedge Fund Holders: 39

Cramer gave a positive view on Rio Tinto Group (NYSE:RIO) back then, framing it as a strong opportunity in the commodities space:

“I think it’s a great company to buy here; a mineral company. I think it’s a terrific idea. I was looking at it myself as something to buy after copper has moved up so much that’s a really good idea.”

Rio Tinto Group (NYSE:RIO) has also been mostly flat. It has moved up by 1.15% since Cramer’s comments.

Upon being asked about Rio Tinto Group (NYSE:RIO) in January this year, Cramer said:

“Rio Tinto is really a play on the Chinese economy and I think the Chinese economy is *glass breaking buzzer sound*.”

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