Jim Cramer Nailed These 11 Stock Predictions

4. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 107

Back in 2024, on May 20, a caller asked Jim Cramer whether Alibaba Group Holding Limited (NYSE:BABA) was finally investable despite years of geopolitical risk and low valuation. Cramer acknowledged the risk, but emphasized how cheap the stock had become.

“You know, I was talking to my buddy Dave Trear — he’s got a huge position — he was one of my thousand bosses that I had at Goldman. And we both admit — I mean, this is just one of the cheapest stocks. It’s the cheapest stock in the world. Cheapest major stock in the world. If you can stomach owning a stock that is from China — buy it. It’s what I have to say. And buy some more if it goes down.”

This was a great call by Cramer, rising by 39.44% since then. Alibaba Group Holding Limited (NYSE:BABA) is recovering as China cautiously reopens, though concerns about regulation and macro risk persist

Earlier this year, in April, Cramer said that he thinks that is the only Chinese stock worth looking at:

“The Chinese market is in bull market mode. The only one that I’ve supported the whole way is Alibaba. But I give you my blessing on this because right now it is the place to be and that is the right sector.”