Jim Cramer Does Not Like These 5 Stocks

4. Paramount Global Class B (NASDAQ:PARA)

Number of Hedge Fund Investors: 43

In January this year, Cramer was asked about Paramount Global Class B (NASDAQ:PARA). Here’s what he said about the company:

“That’s like the balance sheet from hell. We love good balance sheets, don’t like bad balance sheets. That’s got a bad one.”

As of the end of the fourth quarter of 2023, 43 hedge funds reported having stakes in Paramount Global Class B (NASDAQ:PARA), up from 33 funds in the previous quarter. This shows a significant jump in hedge fund sentiment.