Jim Cramer Notes BlackRock as One of the Stocks That "Had a Good Run For the Year"

BlackRock, Inc. (NYSE:BLK) is one of the stocks in Jim Cramer’s game plan for this week. Cramer mentioned the company during the episode and said:

“Tuesday, it starts earnings season like I tell you in How to Make Money in Any Market… This is the period that defines most stocks, the earnings season. Tuesday’s a big day for earnings. Just in the morning, we have three stocks we own for the Charitable Trust: BlackRock, Wells Fargo, and Goldman Sachs. All three have had a good run for the year, and they aren’t exactly in the crosshairs of the trade war.”

BlackRock, Inc. (NYSE:BLK) is an investment management firm that provides portfolio management, advisory, and risk management services. During the July 28 episode, a caller inquired about BLK, and Cramer suggested buying the stock. He said:

“Alright, BlackRock is up in a straight line… as we know. It got hit. It shouldn’t have gotten hit as aggressively as it did. It only sells at 23 times earnings. I say only because it has tremendous growth and there’s very little risk. So I think it’s a buy. It’s come back. It was just last week it got to 1,130. It’s 1,117. It is [buy, buy, buy].”

While we acknowledge the potential of BLK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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