Jim Cramer Says He Would Avoid Blue Owl and Prefers Blackstone

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Summary · why it matters

Jim Cramer advised investors to avoid Blue Owl and instead buy Blackstone, citing that the private credit scare was overblown. He noted that Goldman Sachs reported only 3.24% of its investors chose to redeem their funds this month, well below the 5% allowed, signaling that private equity stocks are recovering. Cramer argued that the narrative of private credit chaos was largely manufactured by the media, leading to billions in losses for those who sold during the panic.

Impact on assets 3

Financials± Mixed · 2 stocks
Goldman Sachs Group Inc
GS
▲ PositiveCapitalrelevance

Goldman Sachs reported low redemption rate, supporting private credit recovery.

Artificial Intelligence▲ · 1 stocks
Blackstone Group Inc
BX
▲ PositiveCapitalrelevance

Cramer recommends buying Blackstone, citing recovery in private credit.