14 Stocks Jim Cramer Recently Looked At

9. Blackstone Inc. (NYSE:BX)

Number of Hedge Fund Holders: 81

Blackstone Inc. (NYSE:BX) is one of the 14 stocks Jim Cramer recently looked at. Cramer expressed bullishness on the company during the episode when he said, “I like Blackstone.”

Blackstone (NYSE:BX) is an alternative asset manager that invests across private equity, real estate, credit, hedge funds, and multi-asset strategies. The firm targets companies at all growth stages and offers capital markets services. In October 2024, Cramer stated that investing in the stock means backing the expertise of its executives, who are some of the smartest people in the business world. He commented:

“What about Blackstone, the enormous private equity firm that invests in everything from real estate to data centers? The knee-jerk Fed worshippers hear the name Blackstone, they think investments, and to them, any company that’s all about investments is a company that lives and dies by the Fed. If retail sales are too strong, rates shoot up, as they did this morning. These eccentric stooges run from Blackstone. Never mind that Blackstone reported one terrific quarter, one that eventually sent the stock up more than 6%, new all-time high.

In the end, Blackstone is less levered to the Fed and more levered to the brains of its brilliant executives. When you buy shares in Blackstone, which I wanted to do so badly for my Charitable Trust, but didn’t get a chance to, you’re not buying the musings of the Fed chief during a strange, stilted Q&A session with reporters. You’re buying the life’s work of some of the smartest people in the business world. If you remember that, you will indeed profit from it.”