Jim Cramer Stock Portfolio: 5 Recent Additions

1. General Electric Company (NYSE:GE)

Number of Hedge Fund Holders: 67    

General Electric Company (NYSE:GE) is a diversified industrial company. Cramer recently discussed the stock in detail on his show this week, giving it a Buy rating. The company has recently announced plans to split into three separately traded firms. The three firms would each have a different focus: energy, health, and aviation. The Buy recommendation is a vote of confidence for the move by Cramer. 

General Electric Company (NYSE:GE) recently announced that it had obtained a $1.5 billion contract from the US Air Force for propulsion systems. The contract runs till 2031 and includes the development of parts for 29 F110-GE-129 engines for the F-15EX fleet.

At the end of the second quarter of 2021, 67 hedge funds in the database of Insider Monkey held stakes worth $6.08 billion in General Electric Company (NYSE:GE), down from 68 in the previous quarter worth $6.16 billion.

In its Q1 2021 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and General Electric Company (NYSE:GE) was one of them. Here is what the fund said:

“General Electric is outperforming our expectations for 2021 as the economic recovery is occurring faster than expected. We are particularly pleased with its free cash flow generation. We are happy to own it in our portfolio.”

You can also take a peek at 10 Companies that Benefit From Crypto Mining and 12 Best Artificial Intelligence Stocks To Invest In Right Now.

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