Jim Cramer Reveals “Quiet” Stock That Goes Up In This List Of 12 Stocks

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6. Blackstone Inc. (NYSE:BX)

Number of Hedge Fund Holders In Q4 2024: 67

Blackstone Inc. (NYSE:BX) is one of the biggest asset managers in the world. The firm has been quite busy this year as it’s been announcing deals back and forth. Blackstone Inc. (NYSE:BX)’s shares dipped by 7.8% in April after reports surfaced about China reducing private equity investments in the US. Cramer’s latest comments about the firm came as Blackstone Inc. (NYSE:BX) announced that it would acquire a utility company:

“We know Blackstone has a lot of data centers. We know TXNM is in the area with a lot of data centers. I still think this is motivated by the need to have cheap power. Although remember, they are not a generator.

“I think it just a great acquisition. I think all the companies that are in the business of low power, low cost power, which is in say Texas, good place, it’s a great business to be in. And John Gray who runs Blackstone, knows that this is just a, that their own data center company might be worth the price of Blackstone.”

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