Did Jim Cramer Hit or Miss On These 13 Stock Predictions?

10. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 234

Alphabet Inc. (NASDAQ:GOOGL), the parent company of Google, was named by Cramer as a stock to buy on weakness due to its strong AI platform, YouTube, and Google Cloud businesses. Here’s what Jim Cramer said at the time:

“Alphabet, the parent of Google, has to be bought on any weakness? Sure enough, you got big weakness yesterday and it was time to pounce. YouTube’s doing great, Google Cloud is terrific, and what a good artificial intelligence platform to say nothing of the core search business.”

The megacap tech stock hasn’t done well over the past year and is down 2.42% since.

However, Cramer has recently changed his stance on Alphabet Inc. (NASDAQ:GOOGL). He also admitted that his charitable trust has recently sold its shares in the company. Here’s what he said ahead of its recent earnings:

“Look I am trying to describe a situation that where you could have these stocks where people were shorting the other day. And today they’re just being gaffed because there’s a little story crafted for every one of them except for Alphabet. I don’t have one crafted for Alphabet.”