![]() What set this research apart, they suggested, was a more complete data set than previously studied. Like others before them, these Wharton academics explored performance and risk metrics associated with Cramer's Action Alerts PLUS portfolio. In particular, they cited two research projects as being influential to their work - one looking at Cramer's portfolio before the so-called Great Recession (Bolster and Trahan in 2009), and another examining any possible market "impact" of his stock recommendations (Engelberg and Parsons in 2011). ![]() The authors built on several earlier studies of similar nature. ![]() It was written by a research assistant at the Wharton School of the University of Pennsylvania, Jonathan Hartley, and a graduate student in statistics at the school, Matthew Olson. At the same time, his buy and sell recommendations continue to generate headlines and spur debate by pundits at online financial news sites.īut does such popularity with cable television and Internet viewers mean that investors should follow Cramer's advice on stocks?Īn in-depth study published by the Journal of Retirement tackled just that question. The ex-hedge fund manager's "Mad Money" show, which debuted in 2005, is still a daily fixture on CNBC. ![]() Among active stock pickers, few can rival how far Jim Cramer's media star shines.
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