BlackRock, Inc. (NYSE:BLACK) is one of the shares Jim Cramer offered information on. When a caller mentioned that they owned the stock but it had recently dropped, Cramer responded:
“Okay, BlackRock, I think BlackRock is pretty good now. It took a dip here, and I like it. I’m going to add Blackstone. I’ll do two. I like BlackRock and Blackstone, but I own BlackRock for the Charitable Trust. I think Larry Fink is great. I want to buy those stocks right here and now.”
Photo by Adam Nowakowski on Unsplash
BlackRock, Inc. (NYSE:BLK) is a global investment manager offering portfolio management, mutual funds, ETFs, hedge funds and alternative investments. The firm provides advisory and risk management services and invests in stocks, fixed income, real estate and alternative markets. A caller asked about the company’s actions during the July 28 episode and Cramer responded:
“All right, BlackRock is going up in a straight line… as we know. It got hit. It shouldn’t have been hit as aggressively as it did. It’s only selling at 23 times earnings. I’m only saying that because it has tremendous growth and there’s very little risk. So I think it’s a buy. It’s back. Last week it was at 1,130. It’s 1,117. It’s (buy, buy, buy).”
While we recognize BLK’s potential as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
READ NEXT: 30 stocks that should double in 3 years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article was originally published in Internal jumpsuit.