Cramer Says General Electric Has A Portfolio Made For Biden

On CNBC’s “Squawk on the Street,” Jim Cramer gave his thoughts on General Electric (NYSE: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 (NYSE: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.