Was Jim Cramer Right About GE Aerospace (GE)?

We recently published a list of 12 Stocks Jim Cramer Was Right About. In this article, we are going to take a look at where GE Aerospace (NYSE:GE) stands against other stocks that Jim Cramer discusses.

Back in 2024, on May 15, Mad Money’s Jim Cramer discussed one of the most dramatic turnaround stories of the decade, crediting GE Aerospace (NYSE:GE) with unlocking massive shareholder value through its strategic spin-offs.

“Just before the spin-off of GE Healthcare in January 2023, GE had a market capitalization of just under $93 billion. Since then, GE has more than tripled. […] When you add up the current market capitalization of the three GE enterprises, they’re worth $262 billion — that’s up 182% from right before the healthcare spin-off. S&P 500 only up 38% over the same period. Even if you go from a less generous starting point — like the moment the breakup was announced in November 2021 — you’d still be up 118% if you held GE and the spin-offs, while the S&P 500 is only up 12%. […]

“GE Aerospace up 17%. That same night I told you to keep owning both components — and this is something I want to stress — I like this.”

Cramer nailed it as the stock took off with a 43.86% gain, cementing its status as a successful spin-off.

GE Aerospace (NYSE:GE) has capitalized on surging defense budgets and aviation upgrades to position itself as a global aerospace powerhouse. Following the company’s strong start to the year, Cramer said the following in early May:

“I’ve seen obviously all the pieces of GE, very strong. . . these companies have all kind of said, you know we’re not hurt that much by tariffs. We’re doing pretty well. And then you start getting a narrative which says maybe no recession.”

Overall, GE ranks 10th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of GE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GE and that has 100x upside potential, check out our report about this cheapest AI stock.

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