Jim Cramer on GE Vernova: “You Want to Buy It Right Here”

GE Vernova Inc. (NYSE:GEV) was among the stocks Jim Cramer discussed during Mad Money, as he called the growing wave of stock offerings and debt issuance a threat to the bull market. When a caller asked if the stock is a good buy here, Cramer stated:

I think it’s a great buy. It was just crushed yesterday. It was up nicely at one point today, and it gave up the ghost. I don’t get that. It gave up 30 points. I say you want to own this. You want to buy it right here. It remains the best when it comes to more turbines, and turbines are in very short supply.

A stock market chart. Photo by Arturo A on Pexels

GE Vernova Inc. (NYSE:GEV) provides products and services for generating, converting, storing, and managing electricity, including gas, nuclear, hydro, and wind technologies. Cramer was bullish on the stock when a caller asked about it during the June 30 episode. He said:

GE Vernova of those is my favorite. It’s one that the Charitable Trust has a very big position in. I believe in Scott Strazik. I think it is a terrific situation. Held up very well. I say still buy GE Vernova.

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