Jim Cramer Looked At These 11 Stocks Recently

3. BlackRock, Inc. (NYSE:BLK)

Number of Hedge Fund Holders: 53

Discussing BlackRock, Inc. (NYSE:BLK) during the episode, Mad Money’s host 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. And well, Fink wanted them. The company CK Hutchison wanted to sell these two and 41 others. Why not buy them, put them in through that new infrastructure portfolio that Fink bought?”

Cramer pointed out that while others had similar ideas, Larry Fink, the CEO of BlackRock (NYSE:BLK), successfully acquired the properties, positioning the company with what he called the premier infrastructure product in the world. Cramer noted that this acquisition, combined with Fink’s recent purchase of Global Infrastructure Partners, could lead to significant returns for both BlackRock and its investors. He added:

“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.”

BlackRock (NYSE:BLK) is an investment management company recognized for offering risk management, advisory services, and a wide range of investment products, such as mutual funds, ETFs, and hedge funds, across multiple asset classes.