Jim Cramer is a well-known financial influencer, author, investor, and former hedge fund manager. He is the host of Mad Money on CNBC, known for his flamboyant personality and his outspoken views on the stock market.
Interestingly, the ‘Mad Money’ host praised the Walt Disney Company (NYSE: DIS) in November 2022, recommending his Twitter (now X) followers to pay $98 for its shares. Ten months later, Disney stock hits a 10-year low as DIS battles to hold above $80 per share — down 18% from the recommended buying price.
Cramer is a controversial figure. Some followers admire his passion and his willingness to speak his mind. While others will find him to be too aggressive and opinionated. However, there is no doubt that he is one of the most influential voices in the financial world, even if that means doing the exact opposite of what is said.
Inverse Cramer Tracker ETF
In this context, an investment product called the Inverse Cramer Tracker ETF is betting on Jim Cramer’s low accuracy for some controversial stock picks.
Jim Cramer’s unpredictability was recently seen in two other financial events related to Nvidia (NASDAQ: NVDA), when he recommended investors step back from Nvidia, only to witness the stock pump by 284%. On August 25, Nvidia lost 2.43%, just one day after Cramer said he was bullish on the company’s shares.
The American television personality also had something to say about Bitcoin (BTC), urging investors to ‘get out’ of BTC in January 2023. Since then, the leading cryptocurrency is up around 50% from when it was changing hands at $17,093.
However, the Inverse Cramer Tracker ETF is down 5.28% since inception, according to data on the official website collected by Finbold on September 8.
DIS price analysis
Meanwhile, DIS is being traded at $80.82 by press time, for a neutral performance on the day so far, with a shy recovery of 0.31%, and has been priced for as low as $79.75 per share.
Current prices for Disney’s shares represent a loss of 17.5% for investors who followed Jim Cramer’s call last year.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.