Jim Cramer Nailed These 12 Stock Predictions

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7. Estée Lauder Companies Inc. (NYSE:EL)

Number of Hedge Fund Holders: 45

When asked about Estée Lauder Companies Inc. (NYSE:EL), Cramer dismissed the stock as overpriced at the time. He didn’t provide much detail but advised viewers to wait.

“Too high, my man. I just think… too high. Let that one come in. Too new, too high.”

Cramer’s warning was correct and timely as the stock collapsed by 54.24% after those comments.

Estée Lauder Companies Inc. (NYSE:EL) is a global leader in prestige skincare and cosmetics, but has recently struggled with weak demand in China and a slow recovery in travel retail. When asked about it again more recently, Cramer did not hesitate to express his distaste for the stock, saying:

“No… Estee Lauder is one of the worst companies I’ve ever invested in. I don’t want you to do that. As a matter of fact, I got 499 others that I like more.

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