We recently published 11 Stocks on Jim Cramer’s Radar. Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks Jim Cramer talked about recently.
Cramer has frequently spoken about investment bank The Goldman Sachs Group, Inc. (NYSE:GS) over the past few months. Most of his comments have focused on the bank’s valuation, with the CNBC TV host noting that a 15x earnings multiple was a great point to own the stock. In this appearance, he spoke about The Goldman Sachs Group, Inc. (NYSE:GS) after co-host Carl Quintanilla noted that the Dow had recently hit a new high and mentioned the bank’s role in the move:
Image by MayoFi on Pixabay
“After Carl mentioned that Dow hit a new record with Goldman’s effect on the Dow) Well, Goldman, Goldman goes up a lot more because we are in a merger market and an IPO market and a debt market is quite extraordinary. The latter is much more lucrative, people don’t realize. I, we have a big position for the trust, one of the largest positions, I think the stock is at 16 times earnings, it just makes a lot of sense. On the topic I’m developing now, something at 16 times earnings It’s something we really want. Something that’s 40 times earnings, it’s something we don’t want as much.
While we recognize the potential of GS as an investment, our conviction lies in the belief that some AI stocks have more promise to generate higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also one of the biggest beneficiaries of Trump’s tariffs and offshoring, check out our free report on the 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.