Jim Cramer Was Focused on These 15 Stocks Recently

4. Blackstone Inc. (NYSE:BX)

Number of Hedge Fund Holders: 72

Blackstone Inc. (NYSE:BX) is one of the stocks Jim Cramer was recently focused on. Cramer noted that if the Fed keeps cutting rates, it could push the company’s earnings higher. He said:

“Next up, how about the daily chart of Blackstone, which has always been one of my favorites, and I pounded the table on it for, I don’t know, probably the last hundred points. Lang (Bob Lang) points out that the stock’s had a similar move to Carlyle with a powerful rally over the course of the summer, although the stock’s now pulled back hard over the past couple weeks. When you look at the moving average convergence divergence line… we call that the MACD line, down at the bottom here, it does look weak…. That’s not so great. But Lang says that’s because the stock got overbought and gradually burned off that condition over time. Still, the MACD line, to me it says sell. On the other hand, though, Lang notes that Blackstone’s had good volume action of late, rallying on strong volume and pulling back on weaker volume…

This company’s got heavy exposure to real estate. Blackstone real estate is an enormous business. So, if the Fed keeps cutting rates, that’s likely to push earnings higher. Might be a good play on a rate cut. Right now, it’s a $170 stock. Lang thinks it can rally to $200 over the next few months… This is when they had a problem with their real estate division, and they came on air and said that… not to worry about it, but they didn’t say it in a flippant way, and they were dead right. It was a terrific opportunity to buy.”

Blackstone Inc. (NYSE:BX) is an alternative asset manager investing across private equity, real estate, credit, hedge fund solutions, and secondary funds. Its strategies range from buyouts and growth equity to special situations and opportunistic real estate.