Was Jim Cramer Right About These 11 Stocks?

8. Archer Aviation Inc. (NYSE:ACHR)

Number of Hedge Fund Holders: 33

In that older episode, a caller asked about Archer Aviation Inc. (NYSE:ACHR) and Joby Aviation Inc. (NYSE:JOBY), wondering whether to hold Archer or switch to Joby. Cramer dismissed both, urging the caller to focus on more established companies:

“What? No. Go buy Walmart or something. Go buy a real company. I mean, we’ve got to step up our game here. […] We’re not going to be in the Archer and the Joby — we’re going to be in the Walmarts, the real good ones.”

Cramer missed big here since Archer has skyrocketed 219.92% after he dismissed it. Archer Aviation Inc. (NYSE:ACHR) is developing eVTOL aircraft aimed at reshaping short-haul transportation through urban air mobility solutions.

Cramer now thinks Archer went a “little bit too far” with its recent surge and prefers another stock. Here’s what he said when asked about it on the 16^th of May:

“Oh, that one’s a bridge too far for me to tell you the truth. Electric vertical takeoff, I mean, I’m willing to go with Rocket Lab, but Archer’s just a little bit too far. I mean, someone who’s like 18, 19, 20, 21, you might want to believe in it. I don’t want to have too many of these kinds of stocks on my so-called recommended list.”