Jim Cramer Nailed These 12 Stock Predictions

10. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 83

Back in that older episode, Cramer was asked about Intel Corporation (NASDAQ:INTC) and immediately cut the caller off, suggesting he has nothing good to say about the company without elaborating:

“I’m gonna tell you something—just stop right there. Because you’re a Philadelphia PH and Nana Mary, a true Philadelphian from the north side, always says one thing: ‘If you don’t have anything good to say about something, then don’t say it.’ Nana Mary says—I ain’t talking Intel.”

His decision to say nothing spoke volumes, as the stock collapsed by 33.80% since those comments.

Intel Corporation (NASDAQ:INTC) is a legacy semiconductor giant best known for its x86 processors, though it has struggled in recent years to regain market share from rivals in both PC and data center chips. Cramer remains a big fan of the stock and its new CEO. Here’s what he said on April 25^th:

“I know. And you could talk about Intel, when it comes to that, also OpEx. Intel being a great manufacturer that is in no mood to be able to expand. Wow.”

“I think people should read his [CEO’s] band of brothers speech about who is going to get there. It’s a very King Henry the Vth speech, Christmas Day. I thought it was very inspirational. But they still have layers upon layers. I mean they’re now saying 17 billion in 25 and 16 billion that’s . . their OpEx, and they’ve cut their OpEx. I think that they have, I cannot believe the bureaucracy, Carl that Intel had, it’s just, it’s sad. I can’t believe how much bureaucracy and how engineers lost their ability to run the best engineering company we had in this country.”

“Oh my, such a great speech and I was telling one of my contacts there I said listen I’m ready to go to war for Lip-Bu. You just say, he is gonna save this company.”

“[On whether it was too late to save INTC] No, and this man has so may friends. . .he’s been success with. . maybe the most successful individual investor in hardware in history. Hardware, not enterprise software. And he’s so inspirational, in his own quiet way, and he knows so many people, he’s gonna fix this company but he would tell you, don’t count on me yet.”

“I’m telling you, you want to win for this man. . . .He’s Andy Reed, quiet winner. I really like this guy.”

“Well, Gelsinger was messianic, without a cause. . . .See, Pat was about himself. And this man has no ego whatsoever. He is about the team. And I have to tell you that this man is going to save this company and what he’s going to do, is not talk about it. Other than negative until it’s ready.”

“He is fixing the balance sheet. He’s so smart. He says listen Jim we’re gonna fix the balance sheet. So don’t get ahead of me, they’re going to fix the balance sheet. . . Engineers were not even in the, do you know engineers weren’t even in the top? . . in the management committee, there were no engineers. Can you imagine that?”