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

9. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 84

Starbucks Corporation (NASDAQ:SBUX), the global coffeehouse chain, was cited during the episode as one of the companies reporting weak earnings, making it an example of the economic ‘brown shoots’ Cramer was identifying back then. The host of Mad Money expressed his detest for the stock at the time on multiple occasions. Here’s what he said:

[While talking to the CEO of Restaurant Brands International] “Well how about the share take you must be taking from the pathetic Starbucks that I saw this evening? […] Look, I don’t want to be too hard on Starbucks, they are obviously having a very tough time right now and you guys are a beneficiary of it. They become a share donor to others. Maybe they can ride the ship; maybe they can’t. […]

I feel that I let club members down today on Starbucks. I play with an open hand when something’s good I say it; this is something bad.”

The company has been seen very mediocre performance over the past year, with its shares down by 3.94% overall.

More recently, Cramer is a bit more optimistic on Starbucks Corporation (NASDAQ:SBUX) due to the company’s  change in leadership. Here’s what he said on April 25:

“Tuesday night, okay, I’m betting that Brian Niccol will spell out his strategy for Starbucks, both domestic and international…. The stock first shooting up 30 points on Niccol’s appointment and then giving almost all of it back when the numbers didn’t turn around immediately and the market got ugly. I always thought that a quick breakout was a ridiculous assumption, but now the rubber’s going to hit the road, and I still don’t see a breakout quarter, but we’re going to hold it nonetheless.”