Was Jim Cramer Right About These 13 Stocks?

7. GE Aerospace (NYSE:GE)

Number of Hedge Fund Holders: 101

GE Aerospace (NYSE:GE) is the newly renamed aerospace business following GE’s breakup. In that episode, Cramer gave the green light on the stock while highlighting some risks:

“GE Aerospace is basically a pure play on aircraft […] GE is in a dominant position in engines for both narrow body and widebody aircraft which are the top choices for country travel and international flights respectively. They do have a fantastic service division with great cash flow. The only concern here is the company’s exposure to Boeing which seems to have forgotten how to consistently make safe planes. […]

At the end of the day the world is desperate for commercial aircraft and GE makes the best engines […]

Bottom line, both the new GE Aerospace and GE Vernova are worth owning going forward as long as you’re disciplined about building a position. I want you to take your time don’t buy at once. Wait for a pullback before you truly pounce on what I think will be two terrific long-term winners. Ultimately I am giving you my okay to do some buying.”

GE Aerospace (NYSE:GE) has jumped 55.44% since that episode, aligning with Cramer’s view that the business remained a top-tier aerospace play.

On March 14^th this year, Cramer was asked if GE Aerospace (NYSE:GE) could take more share from Boeing and Cramer replied with:

“Oh man. Okay… I think the answer is they can take a ton. They, and you have to, you have to buy it and buy it like mad because what’s gonna happen is there’s going to be so much servicing of these planes and that’s where they make their biggest money. And don’t forget, you’re getting Larry Culp who’s one of the greatest executives in America.”