BX Blackstone Jim Cramer interest

What happened: Jim Cramer, host of Mad Money, expressed interest in Blackstone Inc. (NYSE:BX) during a recent episode, stating he "likes" the company. Concurrently, Chicago-based Cura Wealth Advisors sold 155,210 shares of Blackstone Mortgage Trust (BXMT), valued at approximately $2.99 million. Meanwhile, Cramer's Charitable Trust increased its position in Johnson & Johnson (JNJ) by buying 50 shares, lowering its average cost basis.

Market impact: Cramer's positive sentiment towards BX could attract retail investors, potentially driving up the stock's price. The sale of BXMT shares by Cura Wealth Advisors may indicate a shift in their investment strategy or a realization of profits, which could impact the stock's supply and demand dynamics. The increase in JNJ shares by Cramer's Charitable Trust signals a bullish stance on healthcare stocks.

What to watch next: Upcoming catalysts include Blackstone's Q1 earnings report on April 27, which could provide insights into the company's performance and Cramer's bullish stance. Additionally, investors should monitor BXMT's share price and trading volume following Cura Wealth Advisors' sale. For JNJ, the company's Q1 earnings report on April 19 will be crucial in validating Cramer's increased position.