Was Jim Cramer Right About These 11 Stocks?

6. Lazard, Inc. (NYSE:LAZ)

Number of Hedge Fund Holders: 14

A caller asked whether Lazard, Inc. (NYSE:LAZ) could benefit from increased M&A activity in Q3 2024. Cramer responded positively back then, saying:

“I think Lazard’s a good buy here. I do believe that things are going to get a little less onerous when it comes to takeovers. It’s a really good idea — thank you for bringing it to our attention.”

Cramer wasn’t totally off, but the gain of 5.83% doesn’t exactly scream conviction. Lazard, Inc. (NYSE:LAZ) remains a premier global advisor in M&A and restructuring, leveraging its boutique model to serve clients through volatile economic cycles.

Cramer remains a fan of the stock as he agreed with a caller when they called the stock cheap in January this year, saying:

“Absolutely. I’ve gotta tell you, I think Lazard’s really inexpensive… I think you’re absolutely right.”