12 Stocks Jim Cramer Was Right About

10. GE Aerospace (NYSE:GE)

Number of Hedge Fund Holders: 101

Back in 2024, on May 15, Mad Money’s Jim Cramer discussed one of the most dramatic turnaround stories of the decade, crediting GE Aerospace (NYSE:GE) with unlocking massive shareholder value through its strategic spin-offs.

“Just before the spin-off of GE Healthcare in January 2023, GE had a market capitalization of just under $93 billion. Since then, GE has more than tripled. […] When you add up the current market capitalization of the three GE enterprises, they’re worth $262 billion — that’s up 182% from right before the healthcare spin-off. S&P 500 only up 38% over the same period. Even if you go from a less generous starting point — like the moment the breakup was announced in November 2021 — you’d still be up 118% if you held GE and the spin-offs, while the S&P 500 is only up 12%. […]

“GE Aerospace up 17%. That same night I told you to keep owning both components — and this is something I want to stress — I like this.”

Cramer nailed it as the stock took off with a 43.86% gain, cementing its status as a successful spin-off.

GE Aerospace (NYSE:GE) has capitalized on surging defense budgets and aviation upgrades to position itself as a global aerospace powerhouse. Following the company’s strong start to the year, Cramer said the following in early May:

“I’ve seen obviously all the pieces of GE, very strong. . . these companies have all kind of said, you know we’re not hurt that much by tariffs. We’re doing pretty well. And then you start getting a narrative which says maybe no recession.”