Jim Cramer Is Bearish on These 5 Stocks

In this article, we discuss the 5 stocks that Jim Cramer is bearish on. If you want to read our detailed analysis of these stocks, go directly to Jim Cramer Is Bearish on These 15 Stocks.

5. Rivian Automotive, Inc. (NASDAQ:RIVN)

Number of Hedge Fund Holders: 47     

Rivian Automotive, Inc. (NASDAQ:RIVN) develops and sells electric adventure vehicles. At the end of the fourth quarter of 2021, 47 hedge funds in the database of Insider Monkey held stakes worth $9 billion in Rivian Automotive, Inc. (NASDAQ:RIVN). 

Cramer was dismissive of Rivian Automotive, Inc. (NASDAQ:RIVN) during his show on March 4, calling the company the “poster child” of Western electric car companies that had been “losers for ages now” and had lost their “novelty” factor. 

In its Q4 2021 investor letter, Greenlight Capital, an asset management firm, highlighted a few stocks and Rivian Automotive, Inc. (NASDAQ:RIVN) was one of them. Here is what the fund said:

“We made a material gain in Rivian Automotive, Inc. (NASDAQ:RIVN) as a result of its IPO. We met RIVN’s sponsors in 2018 as part of our continued work on electric vehicles, and were favorably impressed by their technology and discipline. In mid-2020, we made a small investment at a $10 billion valuation. In November, Rivian Automotive, Inc. (NASDAQ:RIVN) went public at a $70 billion valuation and traded to a peak valuation of $162 billion. We hedged in the options market to lock in a minimum valuation of about $120 billion for a good chunk of our position. While we are believers in the company, we did not have material exposure at year end.”