Jim Cramer is Bullish on These 5 Stocks

4. BlackRock Inc (NYSE:BLK)

Number of Hedge Fund Investors: 54

Jim Cramer was recently asked about this thoughts on BlackRock Inc (NYSE:BLK). Cramer’s stance on the stock is resoundingly bullish:

“I think you buy it. Period. End of story.”

Cramer said that BlackRock Inc (NYSE:BLK) stock “should go much higher.”

Insider Monkey’s database of 910 hedge funds shows that 54 hedge funds had stakes in BlackRock Inc (NYSE:BLK) as of the end of the third quarter of 2023, down from 57 hedge funds a quarter earlier.

In its fourth quarter 2023 investor letter, Oakmark Fund stated the following regarding BlackRock, Inc. (NYSE:BLK):

“We purchased shares in BlackRock, Inc. (NYSE:BLK), the largest asset manager in the investment industry, when its stock sold off on fears that higher interest rates would hurt global economic activity. BlackRock’s ETF business, iShares, outgrows competitors due to its strong brand and breadth of product offerings. BlackRock’s active management business also outgrows most other managers due to its dominance in fixed income and leadership in multi-asset, sustainable investing and alternative assets. We expect BlackRock’s total revenue to grow in the high-single digits and earnings per share to grow faster than revenue. We were pleased to add this above-market grower at a below-market multiple of earnings.”