Jim Cramer Says GE Aerospace is “One of the Best in the Book”

GE Aerospace (NYSE:GE) is one of the stocks in Jim Cramer’s spotlight. A caller inquired about the company, and Cramer remarked:

“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.”

A technician in a power station monitoring the flow of energy generated by a gas turbine.

GE Aerospace (NYSE:GE) designs and manufactures aircraft engines, systems, and components for both commercial and defense use. The company also provides maintenance services, spare parts, and advanced technologies like additive manufacturing and engine accessories. In a June episode, Cramer mentioned that it is one of his favorite stocks. He commented:

“There’s no real theme to the other stocks on the list… Finally, there’s GE Aerospace. Now this company has some of the greatest cash flow I’ve ever seen. It makes aircraft[s], engines, and maintenance business is fantastic. Do you know the maintenance business, that may be the single best annuity stream I have ever seen. It’s one of my faves. But after this run, you can only buy at a discount.”

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