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Jim Cramer is one of the top watched TV personalities on CNBC. He is the host of "Mad Money" and also the co-founder and chairman of TheStreet.com. Nearly 250,000 people watch his show daily on TV and most of these are ordinary investors trying to understand what’s going on in the market. Jim Cramer’s bullish and bearish stock picks on his show are the starting points for many investments made by these folks. Cramer makes several bullish calls in his show but he only buys a small proportion of these stocks for his charitable trust.

Insider Monkey compiled the list of stocks Jim Cramer sold from his charitable trust. Since these stocks are eliminated from his actual portfolio, these are the stocks he really thinks that will underperform the market in the current investment environment. Here are the stocks and their performance in August.

Company

Ticker

Return (Aug)

Abbott Labs

ABT

-7.1%

Boeing

BA

-17.8%

Conoco Phillips

COP

-12.9%

Emerson

EMR

-13.9%

General Mills

GIS

-5.8%

General Motors

GM

-14.8%

Honeywell

HON

-18.5%

Intel

INTC

-9.5%

JP Morgan

JPM

-15.0%

Kellogg

K

-7.0%

Lowe's

LOW

-14.1%

Medco Health Soln

MHS

-16.2%

Altria

MO

-6.8%

Marathon Oil

MRO

-17.5%

Novagold

NG

-3.5%

Nucor Corp

NUE

-15.7%

Procter & Gamble

PG

-4.8%

Stanley Black & Decker

SWK

-13.6%

Southwestern Energy

SWN

-17.5%

Vale S.A.

VALE

-21.0%

Wabco Holdings

WBC

-25.3%

Weatherford Intl

WFT

-25.6%

WellPoint

WLP

-12.5%

Weyerhaeuser

WY

-17.0%

These 24 stocks lost 13.9% in Aug, vs. a 12.8% loss for the SPY. Cramer’s sales were timely. Cramer has been very bullish about gold but recently he decided that the best way to play gold is to actually buy the Gold ETF (NYSEARCA:GLD), not the gold miners. That’s why he sold Novagold. Novagold lost 3.5% in August despite the huge increase in gold prices. John Paulson is the largest investor in GLD among the 300+ hedge funds we are tracking. His flagship fund is getting hammered but he keeps most of his wealth in gold denominated versions of his funds. Gold increased by more than 25% this year and probably Paulson didn’t lose any money personally (check out Paulson’s top stock picks).

The worst performing stock in this list is Weatherford (NYSE:WFT). The stock lost more than 25% in August. Richard Chilton was the largest holder of WFT among the hedge funds we are tracking. He isn’t having a pleasant August at all. His fund lost 8.5% so far in August mainly because of his bets in energy companies such as EOG Resources (NYSE:EOG) and Patriot Coal (PCX). Richard Chilton has a very successful track record and is one of the investors we track (see Chilton’s portfolio here).

Cramer sold his position in Procter & Gamble which seems like an odd move going into a turbulent market. P&G is a defensive stock, losing only 4.8% in August. However, Cramer bought Unilever (NYSE:UN) which is very similar to PG. UN lost only 3.8% in August and looks like a better pick. Ken Fisher had nearly half a billion dollars in UN at the end of first quarter (see billionaire Ken Fisher’s stock picks).

We like Jim Cramer. A recent academic study showed that his stock picks managed to beat the index funds. The best way to track his stock picks is to follow what he does in his charitable trust’s portfolio.

Source: Jim Cramer Sold These 24 Stocks, You Should Too