Jim Cramer Discussed These 12 Stocks & Elon Musk Vs Sam Altman

7. BlackRock Inc (NYSE:BLK)

Number of Hedge Fund Holders In Q3 2024: 37

BlackRock Inc (NYSE:BLK) is a leading player in the global asset management industry. The firm has performed modestly well over the past year as a gradual monetary policy easing has meant that investors who had sifted to investing in cash are now returning to cash. Their return is clear in BlackRock Inc (NYSE:BLK)’s assets under management which set a fourth consecutive record all-time high in the fourth quarter and sat at $11.6 trillion. During Q4, BlackRock Inc (NYSE:BLK)’s profit jumped by 21%. The firm is also aggressively targeting private markets as it hopes to benefit from perceived lower regulatory hurdles from the Trump administration. Here is what Cramer said:

“Yeah look I found that Larry [BlackRock CEO] was not comforting. I do feel that we’re gonna get some debt issuance, and there could be some debt issuance too far. But at the same time, the kind of thing that Larry is investing in David is things that could get a high return. And when you listen to him you say to yourself, alright, I know what to do. I’ll be in his infrastructure. . . individuals cause I’ll get a higher rate. But I did not feel great, I did not feel as good as I did before when he was here where he just talked about, we’re going to grow our way out of the deficit. I didn’t hear that.”