Was Jim Cramer Right About These 10 Stocks?

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5. AeroVironment, Inc. (NASDAQ:AVAV)

Number of Hedge Fund Holders: 21

A viewer called to check in on AeroVironment, Inc. (NASDAQ:AVAV), which had been selected for a military program at the time. Cramer reiterated his long-standing bullish stance:

“Oh yeah, no — we’ve been behind AeroVironment forever. And the reason is because they make drones that are much less expensive than the other stuff that the military buys. If we’re going to win in the wars that we’re involved in, we need cheap drones — not the real expensive stuff — because the real expensive stuff, you can’t make fast enough, and it’s just going to bankrupt our budget.”

The drone maker did not fly higher, falling 11.04% since that segment.

AeroVironment, Inc. (NASDAQ:AVAV) is a defence contractor that designs and manufactures small unmanned aircraft systems (drones) and tactical missile systems.

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