Hold Off On GoPro (GPRO), Keep General Electric (GE), Buy Lockheed Martin (LMT): Jim Cramer

People should hold off buying GoPro Inc (NASDAQ:GPRO), hold on to their shares in General Electric Company (NYSE:GE) and buy stock of Lockheed Martin Corporation (NYSE:LMT), Jim Cramer said in a segment of Cramer Remix on CNBC.

GoPro Inc (NASDAQ:GPRO), the host said, may be real, but it is in his opinion that the stock is overpriced at the moment.

“GoPro Inc (NASDAQ:GPRO), it’s the real deal, but that doesn’t mean that it’s not expensive,” Cramer said.

The only time people should buy GoPro Inc (NASDAQ:GPRO) is on “a very healthy pullback,” the veteran anchor said, if a pullback does happen.

It seems Cramer thinks GoPro Inc (NASDAQ:GPRO) is not going anywhere any time soon, but he’s waiting for a significant decline in its share price before he buys or recommends buying the stock.

As for General Electric Company (NYSE:GE), Cramer finds it harder to recommend the stock. Why? Because he said it is boring.

“This is really hard because my charitable trust goes back and forth [on this stock]. It has been wallpaper but it’s an inexpensive stock with a good yield and I think you should hold on to it,” Cramer said about General Electric Company (NYSE:GE).

General Electric Company (NYSE:GE), through its ups and downs in the past 12 months, has lost nearly three quarters of a dollar.

Meanwhile, if people are looking for a stock that has Cramer’s approval, it’s Lockheed Martin Corporation (NYSE:LMT).

“Lockheed Martin Corporation (NYSE:LMT): buy some and then let it come in because it’s one of the few stocks that never comes in,” Cramer said.

In the past 12 months, Lockheed Martin Corporation (NYSE:LMT), which has helped raise wages in these top 10 paying cities for tech workers, has went up from over $135 per share to over $190 per share.

Ken Fisher’s Fisher Asset Management reported owning about 30.73 million General Electric Company (NYSE:GE) shares by June 30. Also by the end of the second quarter, Jean-Marie Eveillard’s First Eagle Investment Management reported owning about 2.74 million shares in Lockheed Martin Corporation (NYSE:LMT).