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Jim Cramer: General Electric Isn’t as Horrible as You Think

Jim Cramer

General Electric (GE), a holding in Jim Cramer’s charitable trust, has been in a “funk, ” Cramer said on CNBC, but the stock is too hated, and it is not getting enough credit. General Electric recently spun off its financial segment into Synovus (SNV), which recently had its initial public offering. This gives GE more exposure to the troubled industrial sector, but for an industrial, GE is doing pretty well, with 5% organic growth. Cramer thinks the stock could go to $30 if the European troubles pass soon and if industrials recover. As of Wednesday August 6, the stock was trading at $25.44.

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The long hot summer can make anyone think of beer, and that also applies to those looking for stock ideas. Cramer owns Bar San Miguel in Carroll Gardens, Brooklyn, and said what the restaurant loses on the “guacapolypse” (i.e. higher prices for avocados and other ingredients), it gains on beer, which carries high gross margins. Cramer is a fan of Molson Coors (TAP) as a stock, and it has “always been one of my favorite situations.” Constellation Brands (STZ) is also a buy. While beer sales globally may be down, these companies have brands that dominate and take market share. In addition, consolidation in the beer industry will help the strongest companies. “The hotter the summer, the better the beer numbers.”




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