Was Jim Cramer Right About These 23 Stocks?

4. GE Aerospace (NYSE:GE)

Number of Hedge Fund Holders: 101

A caller asked Jim Cramer about his opinion on GE Aerospace (NYSE:GE), referred to as General Electric at the time. Here’s what he replied with:

“People are saying the stock is overextended and I totally get that; it’s one of the greatest charts in the book. But because Boeing is so screwed up, people are saying give me an aerospace play, and they keep going back to GE. So I’m not going to tell you to sell the stock. I can tell you can hold it if it drops down buy more. But I can’t tell you to sell it, it’s too good.”

The stock is up by 44.29% since then.

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.”