Jim Cramer Weighs in On GE Aerospace

GE Aerospace (NYSE:GE) is one of the stocks in Jim Cramer’s recent game plan. Cramer noted that he expects an “upside surprise.” He remarked:

“Tuesday, Coca-Cola [and] GE Aerospace report… While GE Aerospace, primary supplier to both Airbus and Boeing, will deliver another upside surprise from all the maintenance it does for these aircraft[s].”

source: pixabay

GE Aerospace (NYSE:GE) designs and manufactures commercial and defense aircraft engines, components, and power systems. The company provides maintenance, repair, and overhaul services, in addition to avionics and propulsion technologies. While discussing his fantasy stock portfolio on September 5, Cramer mentioned the company and said:

“You want steady production from your [running] backs, including lots of touchdowns, no matter what defense you’re playing or what the weather’s like. But I’ve said before, this position is inherently kind of boom and bust… But the running back position has also changed in recent years as pass-catching running backs are now the top options for fantasy teams. That’s sort of like what we’re looking for in our stock picks, for pass-catching ability, like a secular growth theme for a secular company… Well, last year I included GE Aerospace, and that turned out to be a great pick. Thank you, Larry Culp, up 70%. The commercial aerospace boom remains one of the market’s fantastic secular growth stories. So we’re going to stick with [it], but what’s the NFL equivalent of GE Aerospace?… The league’s best running back is Philadelphia Eagles’ own Saquon Barkley.”

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