We recently published a list of Jim Cramer Commented on These 8 Stocks Recently. In this article, we are going to take a look at where BlackRock, Inc. (NYSE:BLK) stands against other stocks that Jim Cramer commented on recently.
On Wednesday, Jim Cramer, the host of Mad Money, shared his thoughts on a few major market developments, including the future of AI infrastructure and Dollar Tree’s decision to sell its Family Dollar division.
“After visiting the GTC event last week, I came away with a feeling of confidence about the growth of AI even though I’m not sure the AI infrastructure buildout can continue at the same rapid pace. Today’s market certainly said that things are slowing and some people think it’s slowing dramatically. I don’t see that.”
READ ALSO: Jim Cramer Discussed These 9 Stocks Recently and Jim Cramer’s Latest Lightning Round: 7 Stocks in Focus.
In addition to his comments on AI, Cramer weighed in on the discount variety store operator’s announcement that it would sell off its Family Dollar division for $1 billion. He could not help but criticize the deal, pointing out that the company had initially acquired Family Dollar for approximately $9 billion in cash and stock a decade ago. He went on to say:
“So now that we know that they never had a plan, there was no integration, they were run as two separate outfits, even as Family Dollar seemed like a doomed chain on its own, descended from mediocrity… to tragedy, what do we have to say here? Could there never be any accountability for this lame brain obliteration of capital?… But hey, you know what? At least we won’t have Family Dollar to kick around anymore.”
Our Methodology
For this article, we compiled a list of 8 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on March 26. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A professional asset manager making an investment decision at their office.
BlackRock, Inc. (NYSE:BLK)
Number of Hedge Fund Holders: 53
A caller asked if BlackRock, Inc. (NYSE:BLK) could ever become the GoldenRock and Cramer remarked:
“Well, look, BlackRock is going to be a long-term position of the Charitable Trust. I am betting on Larry Fink and all the good things they can do. They’re switching their model to a much more lucrative model. They have great technology. It is just a true buy and homework stock. I do the homework and I like what I hear.”
BlackRock (NYSE:BLK) is an investment management firm known for providing risk management, advisory services, and a diverse array of investment products, including mutual funds, ETFs, and hedge funds, across various asset classes. Earlier in March, Cramer discussed the company and said:
“Now, how about one that makes no sense to me? On the upside, we own BlackRock for the Charitable Trust… It’s been trying to crack into infrastructure. It hadn’t really done anything. Well, wait a second, CEO Larry Fink had a brilliant idea. Trump wants the Panama Canal back. You know there are ports on either side and they’re owned by a Hong Kong-based company that were for sale… Why not buy them, put them in through that new infrastructure portfolio that Fink bought? Others had the same idea, but Fink got those properties and now he has the premier infrastructure product in the world to go with his recent purchase of Global Infrastructure Partners, could be an amazing return both for BlackRock and its investors. Fink kept Trump up all the whole way. Trump obviously loved the deal.
Doesn’t hurt that he praised the Panama Canal last night. These BlackRock shares, what they do, well, they’re still down 5% for the year and, and way below where the company traded after its last good quarter. It’s ridiculous. I think BlackRock stock is worth much more than it’s selling for. We’re buying it for the trust.”
Overall, BLK ranks 5th on our list of stocks that Jim Cramer commented on recently. While we acknowledge the potential of BLK as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BLK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
