On CNBC’s “Squawk on the Street,” Jim Cramer gave his thoughts on General Electric GE.
“This is a portfolio made for Biden... it’s a Biden stock,” said Cramer.
Cramer mentioned these specific areas of GE could benefit under the Biden presidency: renewable energy, healthcare, aerospace and CAT scans.
Boeing BA making a comeback could benefit GE’s aerospace segment, Cramer said. He also mentioned if Biden softens on China, they could buy more Boeing planes, which would help lift the aerospace industry.
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