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

5. Freeport-McMoRan Inc. (NYSE:FCX)

Number of Hedge Fund Holders: 88

When a caller brought up Freeport-McMoRan Inc. (NYSE:FCX), the major copper and gold miner, Cramer expressed caution due to the stock’s rapid price surge at the time. Here’s what he said:

“I wanted to come in first. It’s been straight up. I do not like parabolic moves, and it just had one.”

Cramer’s call was spot on, with the stock having dropped 29.08% since then.

When asked about whether Freeport-McMoRan Inc. (NYSE:FXC) is worth holding recently Cramer replied with:

“Yeah, I want you to hold it. I mean, it was really a shame what happened to FCX. FCX has been going up because we needed it for data centers and the Chinese were ordering some. Suddenly we’ve decided the Chinese aren’t going to order any and the stock has given up so much of its gain… I think that this is a very good level to buy some. But if you want to really hedge it, why not buy Barrick? Because Barrick, symbol GOLD, has gold and copper. That might be the best way to go.”