Was Jim Cramer Right About These 10 Stocks?

2. Albemarle Corporation (NYSE:ALB)

Number of Hedge Funds Investors: 35

In that older episode, a viewer brought up Albemarle Corporation (NYSE:ALB), asking about its prospects amid EV industry weakness at the time. Cramer wasn’t optimistic when he replied with:

“Anything connected with the EVs right now is a no-go. That stock’s going to just mark some time. Maybe go up a little bit.”

That prediction turned out to be right on the money as Albemarle collapsed 52.96%.

Albemarle Corporation (NYSE:ALB) is a specialty chemicals company and one of the world’s largest producers of lithium used in electric vehicle batteries. Cramer sticks to his guns when it comes to EVs. When asked about the stock again earlier in April, here’s what he replied with:

“I can’t go with it. I can’t go. I’ll tell you why I can’t go with it—because in the end, we forgot about EVs. I mean, we’re pretty sure we’re going to be buying gas guzzlers. I want to stay away from that one, but so does everybody else. That’s the only problem.”