Jim Cramer Reviewed 5 Stocks, Including IBM and Caterpillar, After the Relief Rally

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

The Goldman Sachs Group, Inc. (NYSE:GS) is among the stocks Jim Cramer reviewed while discussing the Iran ceasefire that triggered a relief rally. Cramer noted the “multiple reasons” to own the stock, as he said:

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.

The Goldman Sachs Group, Inc. (NYSE:GS) provides financial services, including investment banking, asset and wealth management, and banking solutions. A caller asked about the stock during the March 2 episode, and Cramer replied:

Do you know, Jeff Marks and I were both marveling about how ridiculously the stock was down. It’s 15 times earnings. My friend, Lloyd Blankfein, in a very good book, Streetwise, talks about exactly why the company’s valued as it is. I think it’s way too cheap.