Jim Cramer Highlighted Buying Opportunities in 13 Stocks

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3. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 99

Cramer noticed a pattern where Tesla, Inc. (NASDAQ:TSLA), the leading EV company, gets sold off on some piece of news and then soars when it is praised by “some accolade-loving person”.

“Now we see this pattern constantly. Tesla will sell off over something, I don’t know, maybe it’s German numbers, it’s California numbers, it’s China business. I heard today that people have stopped buying Teslas because Musk turned out to be a Trumpist. I say, so what? He’s gonna solve the self-driving conundrum. Of course, Tesla always has some accolade-loving person who comes on our air and blesses it and says it’s worth a thousand dollars and it’s off to the races again and that will happen. That will happen.”

Cramer has been praising Tesla (NASDAQ:TSLA), not because of its CEO’s position in the political sphere but Elon Musk’s abilities as a CEO. Before the company reported its earnings in January, Cramer remarked:

“Alright, then there’s Tesla. Now I think Elon Musk, get this, I think he could sell tickets to this conference call. He could command a thousand dollars, easy. The last time Tesla reported, missed numbers badly and then it proceeded to have one of the biggest runs ever. Just soared right when it reported that number, and I’ve gotta tell you, I figured it out. Actually, Morgan Stanley’s, Adam Jonas figured it out for me. He calls Tesla, after that quarter, an AI ETF. People want an IETF so they buy the stock no matter what, especially if it’s down the next day. I want you to own Tesla. Just own it.”

Over the past year, Tesla (NASDAQ:TSLA) stock has gained over 100%.

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