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

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11. Robinhood Markets Inc. (NASDAQ:HOOD)

Number of Hedge Fund Holders: 79

When a caller asked Cramer about Robinhood Markets Inc. (NASDAQ:HOOD), the popular trading platform was coming off a sharp rally driven by short covering, prompting a cautious response from the host of Mad Money. Here’s what he replied with:

“Robinhood had this gigantic move up and it is now pulling back and I don’t think the pullback is finished. The rally occurred in large part because of a big short position. I think we’ve got to wait and see. I would not wade in. I would not go either way on the stock right now.”

The company has been one of the best performers over the past year. It has risen by 184.72% since that episode aired.

Cramer remains a fan of Robinhood Markets Inc. (NASDAQ:HOOD). Here’s what he said to a caller on April 4:

“Okay, I like Robinhood very much, but the problem is that when it had this big spike where things looked like we’re going to have a president… that was a little more pro markets, I would own the stock. I would not buy it right here. I think the stock has another 15 to 20% downside before we really find exactly where it can be bottoming.”

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