Can you make a record of Cramer's predictions and outcome?
- In 2008, Cramer's named stocks fell ~13-78%, and 8 of 11 dropped more than the S&P 500's ~39%.
- Ten of 11 flagship calls lost money; the model portfolio returned ~65% versus ~126% for the S&P 500.
- The long Cramer ETF returned ~6% in 2023 while the Nasdaq-100 rose ~30%, and the inverse ETF lost ~5%.
Ten of 11 highest-profile calls lost money by resolution.
Highest-profile calls: return to an investor who followed each call, to resolution (%)
Source: CNBC transcripts, press reports, exchange data
Raw data
| Date | Return to follower |
|---|
Cramer's model portfolio underperformed the S&P 500 in 8 of 14 years, including ~1% versus ~14% in 2014.
Cramer's published model portfolio vs S&P 500, annual total return, 2002-2015 (%)
Source: Hartley & Olson (Wharton), Action Alerts PLUS returns 2001-2016
Raw data
| Category | Cramer Action Alerts PLUS | S&P 500 total return |
|---|---|---|
| 2002 | -19.79 | -21.97 |
| 2003 | 34.46 | 28.36 |
| 2004 | 5.25 | 10.74 |
| 2005 | 5.19 | 4.83 |
| 2006 | 7.05 | 15.61 |
| 2007 | 9.51 | 5.49 |
| 2008 | -37.67 | -36.55 |
| 2009 | 31.14 | 25.93 |
| 2010 | 14.29 | 14.82 |
| 2011 | -9.58 | 2.1 |
| 2012 | 16.67 | 15.89 |
| 2013 | 25.78 | 32.04 |
| 2014 | 1.33 | 13.52 |
| 2015 | -2.33 | 1.37 |
The long Cramer ETF returned ~6% while the Nasdaq-100 rose ~30% and the inverse Cramer ETF lost ~5%.
Cramer-tracking ETFs vs Nasdaq-100, 1 Mar-31 Aug 2023 (%)
Source: SEC N-CSR filings; Tuttle Capital Management
Raw data
| Category | Mar-Dec 2023 to closure |
|---|---|
| Long Cramer ETF (LJIM) | 6.2 |
| Inverse Cramer ETF (SJIM) | -5.04 |
| Nasdaq-100 TR index | 30.39 |
Average one-year excess returns by Cramer buy-call type are not available.
Average 1-year return vs S&P 500 by type of Cramer buy call, 2018-2024 (pp)
Source: Kull (2026), 16,701 Mad Money recommendations, Jan 2018-Dec 2024, SSRN 6643379
Raw data
| Date | Average 1-year excess return |
|---|
2008 \"Top Ten\" predictions: full-year 2008 price return of each named stock vs S&P 500 (%)
Source: Investment Scientist audit of 2 Jan 2008 Mad Money list; exchange data
Raw data
| Category | 2008 return |
|---|---|
| Merrill Lynch | -78.0 |
| Transocean | -67.6 |
| Goldman Sachs | -59.1 |
| Apple | -57.3 |
| -56.2 | |
| Warner Music | -50.5 |
| Whirlpool | -48.9 |
| Black & Decker | -39.8 |
| JPMorgan | -27.0 |
| Clorox | -15.3 |
| Colgate | -13.0 |
| S&P 500 | -38.5 |