How Did Jim Cramer’s 12 Bold Predictions Play Out?

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3. Edwards Lifesciences Corporation (NYSE:EW)

Number of Hedge Fund Holders: 67

A caller asked about Edwards Lifesciences Corporation (NYSE:EW), the heart valve replacement and medical device company, during the lightning round segment of the episode. Following a breakthrough in the company’s pipeline at the time, Jim Cramer replied with a bullish response:

“Oh I like this. The new product line is very good. The stock is pulling back here, that may be the right level to buy it. They are doing very well now!”

However, Cramer’s prediction didn’t pan out. The stock has dropped 11.25% since those comments.

When asked about whether it is worth holding Edwards Lifesciences Corporation (NYSE:EW) last month, Cramer said:

“I think it’s a hold. It used to be so good. Abbott got some really good news today… and that’s been my favorite. But also Boston Scientific. I prefer Boston Scientific to Edwards Lifesciences, really, really, right now.”

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