It’s common knowledge that 2022 has been an excellent demonstration of Jim Cramer’s stock-picking prowess. Doing the exact opposite of Cramer has become a high art form, and even a brief glimpse inside the Replies section of Cramer’s Twitter feed will give you a good sense as to what the public thinks of the man (although, inexplicably, he has nearly two million followers).
I stumbled upon an item in which he mentioned not just one but two stocks. Specifically, he indicated that Tyson Foods (TSN) was about to get its ass kicked by Beyond Meat (BYND).
So what we have here is the Ultimate Pair Trade. Cramer’s bold pronouncement was about thirty months ago. Let’s see how he did, shall we?
Here is Tyson. Now, this isn’t going to win any awards for the greatest stock of all time, but a gain is a gain, and 29%, particularly in the face of all the rough sledding this year, isn’t bad at all. So Tyson seems to be doing just fine.
And what about Beyond Meat? How did their skating-toward-the-puck serve them?
So the “spread” between these two – – – the opportunity cost of avoiding Tyson and plunging instead into Beyond Meat – – is well into the triple digits. So, once again, Jim absolutely knocks it out of the park.
Oh, and just in case you think we like in a meritocratic society, let me disabuse you of that notion right now:
