Blackstone Inc. (NYSE:BX) is one of the 14 stocks Jim Cramer recently looked at. Cramer expressed bullishness on the company during the episode when he said, “I like Blackstone.”
A successful real estate development, representing the company’s extensive investments in the sector.
Blackstone (NYSE:BX) is an alternative asset manager that invests across private equity, real estate, credit, hedge funds, and multi-asset strategies. The firm targets companies at all growth stages and offers capital markets services. In October 2024, Cramer stated that investing in the stock means backing the expertise of its executives, who are some of the smartest people in the business world. He commented:
“What about Blackstone, the enormous private equity firm that invests in everything from real estate to data centers? The knee-jerk Fed worshippers hear the name Blackstone, they think investments, and to them, any company that’s all about investments is a company that lives and dies by the Fed. If retail sales are too strong, rates shoot up, as they did this morning. These eccentric stooges run from Blackstone. Never mind that Blackstone reported one terrific quarter, one that eventually sent the stock up more than 6%, new all-time high.
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