We recently published 11 Stocks on Jim Cramer’s Radar. One of the stocks Jim Cramer has been talking about recently is Goldman Sachs Group, Inc. (NYSE: GS).
Cramer has frequently discussed investment bank The Goldman Sachs Group, Inc. (NYSE: GS) over the past couple of months. Most of his comments focused on the bank’s valuation, with the CNBC TV host pointing out that a 15x earnings multiple was an excellent point to hold the stock. During this appearance, he discussed The Goldman Sachs Group, Inc. (NYSE: GS) after co-host Carl Quintanilla pointed out that the Dow had recently reached a new high and mentioned the bank’s role in the move:
Image by MayoFi from Pixabay
“After Carl brought up the fact that the Dow hit a new high with Goldman’s effect on the Dow]Well, Goldman, Goldman is going a lot higher because we’re in a merger and IPO market and a debt market is pretty extraordinary. The latter being much more lucrative, people don’t realize that. I, we have a large position for the trust, one of the largest positions, I think the stock goes to 16 times earnings, it just makes a lot of sense. In my theme that I’m developing right now, something at 16 times our income, that’s something we really, really want. Something that’s 40 times our income, that’s something we don’t want as much.
While we recognize the potential of GS as an investment, our conviction lies in the belief that certain AI stocks have more promise in terms of higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also a top beneficiary of Trump’s tariffs and relocation, check out our free report on the best AI stock in the short term.
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Disclosure: None. This article was originally published on Initiated Monkey.
