Jim Cramer is Recommending These 5 Stocks

3. General Electric Co (NYSE:GE)

Number of Hedge Fund Investors: 76

General Electric Co (NYSE:GE) ranks third in our list of the top stocks Jim Cramer is recommending. In a latest program, Jim Cramer said the following about General Electric Co (NYSE:GE) CEO Lawrence Culp:

“Larry Culp is just making money left and right…He is a lock.”

On January 5, Jim Cramer said that General Electric Co (NYSE:GE) was an “inexpensive stock” even at current highs.

General Electric Co (NYSE:GE) shares have gained about 62% over the past one year.

Longleaf Partners Fund made the following comment about General Electric Company (NYSE:GE) in its Q3 2023 investor letter:

“After a busy first half of the year, we initiated one new position in the quarter in a business we have successfully owned previously and were able to buy again at a discount within a new corporate structure. We opportunistically trimmed and added to several positions throughout the quarter, and we exited General Electric Company (NYSE:GE) and our small position in Hasbro after the share price ran away from us. GE was a multi-year portfolio holding for us that started out rocky but ultimately was a good illustration of owning a “quality” business that was temporarily viewed as “value” (aka, perceived as low quality) before ultimately being weighed properly by the market. CEO Larry Culp was a great partner, creating significant value for shareholders and closing the price-to-value gap. Under his leadership, GE materially improved its operations and is well under way on plans to simplify the business by separating it into three world-class companies. The market has finally caught up with reality versus perception and is pricing GE accordingly. Unfortunately, this means we no longer see a margin of safety for the business but will continue to watch GE and Culp closely and hope to have the opportunity to partner with him again.”