Jim Cramer Was Focused on These 15 Stocks Recently

5. KKR & Co. Inc. (NYSE:KKR)

Number of Hedge Fund Holders: 84

KKR & Co. Inc. (NYSE:KKR) is one of the stocks Jim Cramer was recently focused on. Cramer said he likes the stock because the rates are coming down, as he commented:

“Then there’s KKR. That’s one of the oldest private equity firms, an old-fashioned corporate raider from the 70s… After rallying nicely in the spring and early summer, KKR traded sideways in August and most of September before pulling back hard in the last couple of weeks. You can see that one’s really getting hit. In fact, the stock’s now had a deeper correction to the 200-day moving average. But Lang (Bob Lang) points out that KKR has often bounced from this level in the past.

However, even though the stock’s been hit, it’s been falling on lower and lower volume, which which suggests the sell off might be running its course… We always want to see stocks fall in lower volume if we’re going to be able to make a buying opportunity. At the same time, the MACD line and the on balance volume, now they’re not good… Lang thinks that that can change on a dime if the stock rebounds back above its 50-day moving average.

KKR is now at $129. He’s thinking 152, the next ceiling of resistance, and then maybe 170 by the end of the year. So again, you can imagine what a buying opportunity. I’m just going with what he says here… Let’s put it this way, because interest rates are coming down, I like it.”

KKR & Co. Inc. (NYSE:KKR) is a global investment firm focused on private equity, credit, real estate, and infrastructure, with strategies spanning buyouts, growth equity, distressed assets, and impact investing.