Jim Cramer on Blackstone: “I Think We’ll See a Particularly Strong Quarter”

Core Viewpoint - Blackstone Inc. is expected to report strong earnings, with positive sentiment surrounding its performance, particularly in its data center business [1]. Group 1: Company Overview - Blackstone Inc. is a global alternative asset manager that invests in private equity, real estate, credit, hedge fund solutions, and multi-asset strategies [2]. - The company has been a favorite among analysts, with notable support from Jim Cramer, who has consistently advocated for the stock [2]. Group 2: Stock Performance Analysis - The stock has experienced a significant rally over the summer but has recently pulled back, indicating a potential overbought condition [2]. - The moving average convergence divergence (MACD) line suggests a weak outlook, indicating a sell signal, although recent volume trends show strong buying activity [2]. - Despite the current analysis, there is a belief that certain AI stocks may offer better investment opportunities with less risk compared to Blackstone [2].