Jim Cramer Discussed 12 Stocks and Macroeconomic Conditions

2. The Goldman Sachs Group, Inc. (NYSE:GS)

Number of Hedge Fund Holders: 75

The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks Jim Cramer discussed along with macroeconomic conditions. Cramer noted the company is a “huge” position for the Charitable Trust, as he commented:

“For the financials, I asked if there’d be a tangible benefit from the deregulation that we expected once the Trump administration took over. And here I think it’s a clear yes. The banks have been solid performers this year, but the investment banks have been a bonanza, and that’s all about deregulation. Goldman Sachs, a favorite of mine, huge position for my Charitable Trust… is up 57%. Morgan Stanley’s up 43%. JPMorgan’s up almost 35%. These companies earn a lot more money when the White House isn’t blocking mergers or heavily scrutinizing new IPOs.”

The Goldman Sachs Group, Inc. (NYSE:GS) provides financial services, including investment banking, asset and wealth management, and banking solutions. Cramer highlighted the company’s stock performance for the year during the December 19 episode, as he stated:

“Meanwhile, there are plenty of IPOs and acquisitions, which have caused furious buying of the bank stocks. We saw a very positive article about Wells Fargo in the journal. Goldman Sachs up 56% for the year, now eclipse[s] most of the performance of the Magnificent Seven. There’s a reason for that. Goldman Sachs may be growing faster than almost all the stocks in tech, let alone the Magnificent Seven. And by the way, had a lot less risk, which is what really matters. These financial and consumer spending companies just keep delivering better and better and better expected numbers as expectations are incredibly low versus the monstrously high expectations for anything related to the data center.”