Jim Cramer on GE Vernova: "Let's Hear What They Have to Say"

GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer weighed in on. During the lightning round, a caller asked if they could still add to their position in the stock. In response, Cramer said:

“No, I think at this point, we’re going to wait for GE Vernova to come in. We had a great club meeting on Friday, and I really just kind of hang my head in shame that I didn’t even buy more, but there’s nothing to do. This thing is such a horse. It’s just been a parabolic move, up 70%. We’re going to get a report… next week. Maybe what we say is, let’s hear what they have to say.”

GE Vernova Inc. (NYSE:GEV) provides technologies and services for generating, transferring, converting, storing, and managing electricity. The company’s offerings include gas, wind, and nuclear systems, grid solutions, power conversion, and electrification software. During the July 11 episode, Cramer mentioned the stock and said:

“Okay, we advise that GE Vernova is the one that’s going to have the longer runway, but… because it’s such a wild trader, we advise that you don’t buy all at once. So let’s say you want to buy 10 shares because this is, you know, this is a $600 stock, you want to buy 10 shares, just buy, just buy two or three. And remember, there’s no commission, so it doesn’t matter.

In the old days, you’d pay a big commission if you… tried to do that. But I do want you in it. I would use, with a stock like that, I would probably use 25-point incrementals. So I do 25 by two and then wait 25, then two, and then wait 25, then two, wait 25, and then, we take a look at it again and see, but it might be my last 25. Get a decent average. Yet it’s very hard to trade these stocks that are so big. I always try to get managements to do a split. I know it doesn’t create any value, but it certainly makes it a little less intimidating to do that kind of buying.”

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