Jim Cramer on Goldman Sachs: “What the Firm Does Best Is Manage Risk”

The Goldman Sachs Group, Inc. (NYSE:GS) is among the stocks on Jim Cramer’s game plan as he shared his take on the market post Iran-U.S. ceasefire talks. Cramer highlighted “Goldman’s specialty” during the episode, as he said:

Let’s get to our game plan for next week. Alright, my Charitable Trust has a very big, long, very big position in, well, in Goldman Sachs. Okay, that’s my alma mater. And when it reports on Monday, barring some serious Iranian action that causes a spike in the price of oil this weekend, I think you’ll see a solid set of numbers and a good reaction to the numbers that Goldman Sachs prints. Now, I’ve gotta tell you, this judgment does stem a little bit from my time at Goldman. Why? Because that’s where I learned to manage and profit from risk. It’s what the firm does best is manage risk. And this volatile market, like the one we are having, that’s Goldman’s specialty.

Photo by Joshua Mayo on Unsplash

The Goldman Sachs Group, Inc. (NYSE:GS) provides financial services, including investment banking, asset and wealth management, and banking solutions. During the April 8 episode, Cramer noted that there are “multiple reasons to own this stock,” as he remarked:

How about this Goldman Sachs? Alright, there are multiple reasons to own this stock once you think the coast is clear. I know there’s plenty of money there that could be destined for takeovers now. I think there’ll be a rush of deals as this administration is incredibly pro-deal-making. They never met a merger they didn’t like unless it involves the President’s political enemies, that is. And it represents a lot of advisory business for the investment banks. Now, Goldman reports next week. I think it should be a good one, as we told members of the CNBC Investing Club. We’ve owned the stock for a long time.

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