Jim Cramer Is Bearish on These 5 Stocks

1. AT&T Inc. (NYSE:T)

Number of Hedge Fund Holders: 70

AT&T Inc. (NYSE:T) provides communication, media, and technology services. At the end of the fourth quarter of 2021, 70 hedge funds in the database of Insider Monkey held stakes worth $4.9 billion in AT&T Inc. (NYSE:T), compared to 66 in the preceding quarter worth $3.2 billion. 

During the Discussed Stock segment of his show on March 4, Cramer said that AT&T Inc. (NYSE:T) was a company with “uniquely terrible management” and he had no desire to touch the stock even though he would listen on the investor day of the firm for positive signals. 

In its Q1 2021 investor letter, Nelson Capital Management, an asset management firm, highlighted a few stocks and AT&T Inc. (NYSE:T) was one of them. Here is what the fund said:

“Nelson Capital stayed busy in the first quarter, making several adjustments within our core portfolio. In the communication services sector, we sold AT&T Inc. (NYSE:T). Over the years, AT&T Inc. (NYSE:T) has made several poor acquisitions, especially in the content realm, leaving the company saddled with debt and unable to change directions.”

You can also take a peek at Forget Tesla (TSLA): 10 Cheap EV Stocks to Buy Now and 15 Best Consumer Discretionary Stocks to Buy Now.

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