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We recently published 11 stocks on Jim Cramer’s radar. Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks that Jim Cramer recently discussed.
Cramer has spoken frequently about investment bank The Goldman Sachs Group, Inc. (NYSE:GS) in recent months. Most of his comments focused on the bank’s valuation, with the CNBC TV host pointing out that a 15x earnings multiple was a good reason to own the stock. In this appearance, he discussed The Goldman Sachs Group, Inc. (NYSE:GS) after co-host Carl Quintanilla pointed out that the Dow index had recently reached a new high and mentioned the bank’s role in that move:
Image of MayoFi out of Pixabay
“After Carl brought up the Dow, which has hit a new record high with Goldman’s influence on the Dow. Right, Goldman, Goldman is going a lot higher because we’re in a merger market and an IPO market and a debt market is pretty extraordinary. The latter is a lot more lucrative, people don’t realize it. I, we have a big position for the trust, one of the biggest positions, I think the stock is at 16 times earnings, just makes a lot of sense. In my topic, that I’m currently developing something with 16x earnings is something we really want. Something with 40x earnings is something we don’t want as much.
While we recognize GS’s potential as an investment, we believe some AI stocks promise higher returns and have limited downside risk. If you’re looking for an ultra-cheap AI stock that’s also a big beneficiary of Trump tariffs and onshoring, check out our free report on it best short term AI stock.
READ MORE: 30 stocks that should double in 3 years And 11 hidden AI stocks to buy now.
Disclosure: None. This article was originally published at Insider monkey.