Jim Cramer Believes “GE Aerospace Is Fantastic”

GE Aerospace (NYSE:GE) was among the stocks on which Jim Cramer commented, as he emphasized that SpaceX investors are betting on Elon Musk rather than the company’s earnings. A caller asked whether they should add more to their position or if the stock had run too much. Cramer replied:

No, I think GE Aerospace is fantastic. You know, it’s, we own Boeing for the Charitable Trust, and GE… people disregard it as a cleaner story. Larry Culp does a terrific job. I think Boeing can pull up, but this one hit an all-time high today. I want to say congratulations to you for having the courage to stick with it, because it did have a big downturn, the stock did, not the company, and you stuck with it. Congratulations.

GE Aerospace (NYSE:GE) manufactures commercial and defense aircraft engines, power systems, and related components. In addition, the company provides maintenance, repair, and overhaul services along with spare parts for aviation and military applications. A caller asked Cramer’s opinion on the stock during the May 28 episode, and he responded:

Okay, GE Aerospace is Larry Culp. I think he’s done a remarkable job. I want you to buy the stock of GE Aerospace because gasoline is coming down, and so is jet fuel.

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