Jim Cramer’s Take on These 10 Stocks

3. BlackRock, Inc. (NYSE:BLK)

Number of Hedge Fund Holders: 53

Highlighting its over $11 trillion in assets under management, a caller inquired about BlackRock, Inc. (NYSE:BLK), and here’s what Cramer had to say:

“Okay, BlackRock is doing incredibly well and, I read through Larry Fink, he’s the CEO’s letter the other day. Oh my God. It was just a great letter and he is doing all these things that are really good for infrastructure that’s going to make a lot of money for the people who invest there. But that said, it’s an American stock, and tomorrow President Trump has issued an edict, which is that your stock’s going to go down now. He didn’t really say so much in the edict. I do the interpretation.”

BlackRock (NYSE:BLK) is an investment management firm, which offers risk management, advisory services, and a variety of investment products, including mutual funds, ETFs, and hedge funds across different asset classes.