Jim Cramer on GE Vernova: “Don’t Buy All At Once”

GE Vernova Inc. (NYSE:GEV) is one of the stocks in Jim Cramer’s spotlight. A caller asked if they can start a position in the stock at the current levels, and Cramer said:

“Okay, we advise that GE Vernova is the one that’s going to have the longer runway, but… because it’s such a wild trader, we advise that you don’t buy all at once. So let’s say you want to buy 10 shares because this is, you know, this is a $600 stock, you want to buy 10 shares, just buy, just buy two or three. And remember, there’s no commission, so it doesn’t matter.

In the old days, you’d pay a big commission if you… tried to do that. But I do want you in it. I would use, with a stock like that, I would probably use 25-point incrementals. So I do 25 by two and then wait 25, then two, and then wait 25, then two, wait 25, and then, we take a look at it again and see, but it might be my last 25. Get a decent average. Yet it’s very hard to trade these stocks that are so big. I always try to get managements to do a split. I know it doesn’t create any value, but it certainly makes it a little less intimidating to do that kind of buying.”

Wind turbines against a backdrop of the sky, signifying the power of renewable energy.

GE Vernova (NYSE:GEV) provides technologies and services for generating, converting, storing, and managing electricity, including gas, wind, nuclear, and grid solutions. The company supports the full energy cycle from power production to consumption.

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