Cramer's Morning Take: BlackRock 12/3/24
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 3 December 2024
⏱️ 3 minutes
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| 0:00.0 | Jim Kramer here to share with you a sample of my take on the market from today's |
| 0:06.7 | CMBC Investing Club warning meeting. |
| 0:10.4 | Let's turn to Black Rock next. |
| 0:11.7 | So they're acquiring HPS investment partners, $12 billion. |
| 0:15.4 | It's an all-stock deal. |
| 0:16.8 | This is going to make Black Rock a top five private credit manager with enhanceability to serve clients. |
| 0:25.4 | Combined platform, $220 billion in pro forma private credit assets. |
| 0:29.5 | Obviously a very hot area is private credit. |
| 0:33.3 | And they took stock, which is important because they're sticking around. |
| 0:36.7 | They'll be consolidated. |
| 0:37.9 | This will be a private credit will be one of the menus that you get where you could possibly be involved in their loans. |
| 0:44.5 | I think that the most important thing that's coming in my discussion with this company is Larry Finke is so happy. |
| 0:49.8 | He's not going anywhere. |
| 0:51.1 | He's my age. |
| 0:51.8 | He's not going anywhere. |
| 0:52.8 | He's very excited and energized. I think that |
| 0:55.6 | this is going to be a boon for our people who watch the show, watch our show, because they're |
| 1:01.0 | going to let you in on this. And it'll be a nice option to have for some of your cash. And I think |
| 1:06.6 | that, as I said yesterday, you want to buy the stock right here. I think that Larry feels |
| 1:11.9 | it could go to 1,400, not that far from, not that long from now. Now that it's got the |
| 1:16.7 | same assets as the blue owls and the Aries and they're better company in those guys. |
| 1:22.0 | And that's part of the argument, right? The companies you mentioned, they trade at a higher |
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