Jim Cramer on GE Aerospace: “The Stock’s Been a Giant Winner”

GE Aerospace (NYSE:GE) is one of the stocks Jim Cramer commented on. While discussing the company, Cramer called the aerospace business “phenomenal,” as he stated:

“Aerospace is a phenomenal business. Phenomenal. Look at how GE Aerospace has done since it’s spun off its healthcare and power divisions. The stock’s been a giant winner, wasn’t when they had those other divisions.”

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GE Aerospace (NYSE:GE) designs and manufactures aircraft engines and related systems for commercial and defense use. The company provides engine production, maintenance, repair, and overhaul services, along with advanced propulsion, power, and avionics technologies. Cramer discussed the stock as part of his fantasy stock portfolio during the September 5 episode. He commented:

“You want steady production from your [running] backs, including lots of touchdowns, no matter what defense you’re playing or what the weather’s like. But I’ve said before, this position is inherently kind of boom and bust… But the running back position has also changed in recent years as pass-catching running backs are now the top options for fantasy teams. That’s sort of like what we’re looking for in our stock picks, for pass-catching ability, like a secular growth theme for a secular company… Well, last year I included GE Aerospace, and that turned out to be a great pick. Thank you, Larry Culp, up 70%. The commercial aerospace boom remains one of the market’s fantastic secular growth stories. So we’re going to stick with [it], but what’s the NFL equivalent of GE Aerospace?… The league’s best running back is Philadelphia Eagles’ own Saquon Barkley.”

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Disclosure: None. This article is originally published at Insider Monkey.