Was Jim Cramer Right About These 12 Stocks?

4. Otis Worldwide Corporation (NYSE:OTIS)

Number of Hedge Fund Holders: 38

Back in 2024, on May 15, Mad Money’s Jim Cramer discussed how certain spin-offs quietly outperformed, praising Otis Worldwide Corporation (NYSE:OTIS) for thriving as a service-heavy elevator company even amid macroeconomic softness.

“Otis Worldwide’s up 121% since the breakup — thank you, Judy Marks — gives you 134% total return including dividends. The elevator business is now worth nearly $40 billion all on its own. Look, a lot of people think of Otis as a traditional movement play — cyclical, hostage to new construction — but in reality the company gets the vast bulk of its money from servicing and repairing existing elevators, which is why even though China’s soft, you still got to repair them.”

Despite Cramer’s praise, this one barely moved, up just 2.41%, making his enthusiasm feel a bit overstated.

Otis Worldwide Corporation (NYSE:OTIS) continues to benefit from its global elevator servicing operations which provide resilient, recurring revenue.