Jim Cramer Notes BlackRock as One of the Stocks That “Had a Good Run For the Year”

BlackRock, Inc. (NYSE:BLK) is one of the stocks in Jim Cramer’s game plan for this week. Cramer mentioned the company during the episode and said:

“Tuesday, it starts earnings season like I tell you in How to Make Money in Any Market… This is the period that defines most stocks, the earnings season. Tuesday’s a big day for earnings. Just in the morning, we have three stocks we own for the Charitable Trust: BlackRock, Wells Fargo, and Goldman Sachs. All three have had a good run for the year, and they aren’t exactly in the crosshairs of the trade war.”

A person with stock market data on a laptop. Photo by Anna Nekrashevich on Pexels

BlackRock, Inc. (NYSE:BLK) is an investment management firm that provides portfolio management, advisory, and risk management services. During the July 28 episode, a caller inquired about BLK, and Cramer suggested buying the stock. He said:

“Alright, BlackRock is up in a straight line… as we know. It got hit. It shouldn’t have gotten hit as aggressively as it did. It only sells at 23 times earnings. I say only because it has tremendous growth and there’s very little risk. So I think it’s a buy. It’s come back. It was just last week it got to 1,130. It’s 1,117. It is [buy, buy, buy].”

While we acknowledge the risk and potential of BLK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BLK and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.