Jim Cramer Suggests "Go Buy Some Goldman Sachs"

The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks Jim Cramer commented on. Mentioning the stock during the episode, Cramer said:

“I told you this was the year of magical thinking… There’s the IPO market. The bears are looking at the number of deals and are saying, oh man, the Wall Street IPO machine has gone crazy. But any market historian knows that that’s simply reminiscent of previous good times. It’s more of a beginning than an ending when you see these deals… Go buy some Goldman Sachs.”

The Goldman Sachs Group, Inc. (NYSE:GS) delivers financial services including investment banking, markets, asset and wealth management, and platform solutions. After a caller inquired about the stock in a July episode, Cramer replied:

“I don’t know. You know Sweeney, Rob Sweeney, my friend Rob Sweeney, or my wife would say an acquaintance, Rob Sweeney, is doing that deal, and he’s real money, good. So I see why they might have done that. And Tim Wentworth’s there too. I don’t know. I mean, I’m a believer. I wouldn’t leave that deal even if I tried.”

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Disclosure: None. This article is originally published at Insider Monkey.