Jim Cramer Says Businesspeople Are Emotional & Discusses These 10 Stocks

7. Blackstone Inc. (NYSE:BX)

Number of Hedge Fund Holders In Q4 2024: 67

Blackstone Inc. (NYSE:BX) is a key player in the global asset management industry. The shares have lost 26.9% year-to-date as they suffer from a poor global macroeconomic outlook amidst trade tensions. The most recent dip came in April after the shares dropped by 7.8%. The dip occurred on the same day that reports surfaced of China cutting back on private equity investments in the US. As the dip occurred, here’s what Cramer commented about Blackstone Inc. (NYSE:BX):

“Was Jonathan Gray, his company, did they take a lot of Chinese money? I mean, Blackstone was crushed yesterday.”

“Jonathan Gray, is exposed, he’s the CEO, that much to China money.”

“Well I was hoping the answer would be, you know Jim, it’s not that much because I think the company’s a great company.”