Jim Cramer Commented on These 8 Stocks Recently

5. 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.”