Jim Cramer on BlackRock: "I Want to Buy That Stock Right Here, Right Now"

BlackRock, Inc. (NYSE:BLK) is one of the stocks Jim Cramer offered insights on. When a caller mentioned that they hold the stock but it has gone down recently, Cramer replied:

“Okay, BlackRock, I think that BlackRock’s pretty good now. It did have a dip here, and I like it. I’m going to throw in Blackstone. I’ll give a twofer. I like BlackRock and Blackstone, but I own BlackRock for the Charitable Trust. I think Larry Fink is terrific. I want to buy that stock right here, right now.”

BlackRock, Inc. (NYSE:BLK) is a global investment manager that offers portfolio management, mutual funds, ETFs, hedge funds, and alternative investments. The firm provides risk management and advisory services, and invests across equities, fixed income, real estate, and alternative markets. A caller inquired about the company’s stock during the July 28 episode, and Cramer responded:

“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].”

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