Was Jim Cramer Right About Amazon.com (AMZN)?

Dionysis Partsinevelos

Mon, May 5, 2025, 8:30 AM 5 min read

We recently published a list of Did Jim Cramer Hit or Miss On These 13 Stock Predictions? In this article, we are going to take a look at where Amazon.com, Inc. (NASDAQ:AMZN) stands against other stocks that Jim Cramer discussed during the episode of Mad Money on May 1^st, 2024.

During the Mad Money episode which aired on Tuesday, Jim Cramer discussed how stock ownership is viewed in the United States, saying:

“Alright, look, lately, we can’t go a day without hearing some widespread misperceptions about stock ownership. I gotta tell you, I think it’s infuriating. Here we are celebrating the 20th anniversary of Mad Money, dedicated to the proposition that you can potentially make lots of money by picking individual stocks, yet I keep hearing that most Americans don’t care about the stock market, and this direction means nothing.”

READ ALSO:  How Did Jim Cramer’s 12 Bold Predictions Play Out? and Did Jim Cramer Nail All These 9 Stock Predictions?

Jim Cramer challenged the idea that the stock market only serves the wealthy, calling it a flawed and dismissive perspective that overlooks the financial involvement of millions of ordinary Americans, saying:

“It’s the whole reason anyone watches the darn show, and it generally matters, not just to the rich, but to tens of millions of regular people, home gamers, and never let any politician tell you otherwise. […] More than 60% of Americans have some exposure to the market, either directly or indirectly. 70 million people have active 401Ks. Millions more have retired with them. 60 million people have IRAs. Only 156 million people voted in November. I mean, we’re talking half the electorate here.”

Cramer argued that stockholders make up a major segment of the population and should not be ignored. He stated, “It’s not just arrogant, rich people who own stocks.” He also criticized affluent individuals who caution others against investing in stocks while continuing to benefit from their tax advantages. As he put it:

“Now look, stocks are ridiculously tax advantaged, more than just rich people want that. In a world where probably no more than 10% of this country can retire on their paycheck savings, stocks represent a different kind of social security, a one-sided pack where people try to save and the government dismisses them.”

For this article, we compiled a list of 13 stocks that were discussed by Jim Cramer during the episode of Mad Money on May 1^st, 2024. We then calculated their performance from May 1^st, 2024, market close to April 30^th, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey’s Q4 2024 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them.