Was Jim Cramer Right About These 12 Stocks?

3. The Trade Desk, Inc. (NASDAQ:TTD)

Number of Hedge Fund Holders: 63

Back in 2024, on May 16, Mad Money’s Jim Cramer spotlighted The Trade Desk, Inc. (NASDAQ:TTD) in response to its new partnership with Netflix, highlighting the company’s strong fundamentals, record quarter, and strategic role as a growing third power in digital advertising:

“I’ve been following this company since it came public in late 2016, recommending it repeatedly over the years to you […] Investors seized on The Trade Desk involvement as particularly important because this is a proven outfit with a good track record […] Long story short, The Trade Desk is on — it’s just in fuego, inking multiple new deals that could be hugely beneficial to the numbers in the quarters or years to come […] And I know it’s moved up, but I’m telling you — this is a winner. And if it comes down, you can buy […]  I like The Trade Desk because it’s one of the best pure plays on a huge secular theme — the continued movement of advertising dollars from legacy media channels toward digital… It’s a picks-and-shovels play for effective online advertising… That’s why I think, if it comes back at all — and it could — The Trade Desk can keep working its way higher.”

The stock disappointed after Cramer’s endorsement, falling 18.11% and failing to hold investor momentum.

The Trade Desk, Inc. (NASDAQ:TTD) has faltered lately as digital ad spending growth slows and competition intensifies across streaming and connected TV. Explaining the stock’s downfall, here’s what Cramer said on May 15:

“You made the right move. Now let me tell you something. They had a self-inflicted issue. In other words, they had a problem, they made a mistake… It was like they were doing a new software that didn’t work initially, and the stock just got crushed. It went all the way down from like $120, down to $60. But I will tell you, it actually went down to $42 at one point in April, that I think all the problems are fixed, and all the things you said that are good, they’re happening. I like your call, I think you’re right. I would actually buy more.”