Jim Cramer Says “GE Aerospace is Going Much Higher”

GE Aerospace (NYSE:GE) is one of the stocks Jim Cramer put under the spotlight. When a caller inquired about the company, highlighting the institutional support for CEO Larry Culp, Cramer said:

“Yes, he does, but what should we do? Do you want to know what we think it can do going forward?… I think that… General Electric, now GE Aerospace, is going much higher. Will it go much higher right now? No, but this is one where you must, must, must stay the course. And I’m going to throw in another one for club members to know this, I think that GE Vernova is even better. Sorry, Larry. I really think GE Vernova is even better.”

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GE Aerospace (NYSE:GE) designs and manufactures aircraft engines and related systems for commercial and defense use, along with providing maintenance and repair services. The company’s products include jet engines, power systems, and specialized components. During a July episode, when a caller inquired about the stock, Cramer replied:

“Oh, GE’s fabulous. GE is fabulous, and I want you to hold it. Now, I mean, look, the temptation would be to cut some off because it just had a giant move. If you want to trim a little, that’s fine, but I think that Larry Culp is going to tell a great story. It doesn’t mean it can’t come down. The stock is up in a straight line, up 53%. So, any stock can be vulnerable, but I think it is one of the best in the book.”

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