Jim Cramer Says GE Aerospace’s “Business is Remarkable”

GE Aerospace (NYSE:GE) is one of the stocks Jim Cramer mentioned in his latest comments. Cramer noted that the company’s quarter did not get much attention due to the government shutdown. He remarked:

“Let’s not forget the second day thesis for travel includes the aircraft themselves. Last week, I heard from Larry Culp, he’s the CEO of GE, during our sojourn to Harvard Business School. Their business is remarkable, but that terrific quarter was buried by the government shutdown.”

A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels

GE Aerospace (NYSE:GE) manufactures commercial and defense aircraft engines, power systems, and related components. In addition, the company provides maintenance, repair, and overhaul services along with spare parts for aviation and military applications. Cramer praised the company’s CEO during the November 5 episode, as he commented:

“I’m drawn to companies that are doing new things, innovating, improving, but most companies just aren’t doing that. I’m drawn to companies like the one Larry Culp re-invented, the old General Electric, now GE Aerospace. He led an amazing turn, and it produced bountiful gains for anyone who believed. It made you a huge amount of money, a life changer for all who got a piece of it…

What Larry created here, the three huge businesses that could have been, well, nothing if he hadn’t taken drastic action is testament to what you can do if you’re a thoughtful, hardworking, driven, big thinker like Larry… who saved one of the most storied companies on earth that was teetering on the precipice when he was, when he got there.”

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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