Jim Cramer Says “We Love Goldman”

The Goldman Sachs Group, Inc. (NYSE:GS) was among  Jim Cramer’s stock calls on Mad Money, as he highlighted several opportunities in out-of-favor sectors. Cramer mentioned the company while discussing why people have “lost faith” in bank stocks, as he stated:

I want to find an antidote to some other, maybe some other sectors, where growth stocks in non-growth sectors are now being thrown away. I want to be systematic about it, so here’s what I thought. I drew up a list of the worst-performing sectors in the S&P 500 this year, looking for stocks that seem way too out of favor within those sectors. The most miserable part of this market right now are the banks.

People have lost faith in the bank stocks because of credit worries. Nothing drives buyers away like credit issues. And with the economy weakening thanks to the price of gasoline, we have to ask ourselves which financials can withstand the pressure. Now, the investment banks like Goldman Sachs and Morgan Stanley, they’ve got relatively little exposure to consumers. They’ve been monstrously good stocks to own. We love Goldman. We have a big position in it for the Trust.

A stock market graph. Photo by Alesia Kozik on Pexels

The Goldman Sachs Group, Inc. (NYSE:GS) provides financial services, including investment banking, asset and wealth management, and banking solutions.

While we acknowledge the risk and potential of GS 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 GS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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