Jim Cramer Sees Long-Term Potential in Boeing, GE Vernova Stocks

Jim Cramer said Wednesday that Boeing and GE Vernova shares had long-term potential after recent declines, arguing that market uncertainty was masking strengths in both companies.

During his 10:20 a.m. ET morning meeting, Cramer said uncertainty over interest rates, the midterm elections and oil had left the broader market stalled. He added that oil and rates were driving sentiment, while both were moving higher. In that environment, he said, even solid earnings have had difficulty lifting stocks.

His remarks followed his critique of Tuesday’s S&P 500 advance as a rally that lacked conviction, with oil prices and bond yields continuing to guide investor sentiment.

Boeing shares declined for a second session Wednesday, although the move was considerably smaller than Tuesday’s 10.7% drop. Investors were still focused on the company’s third-quarter call, where executives outlined a multiyear free cash flow outlook below expectations. Some of the forecast gap came from initial costs tied to Boeing’s program to design next-generation fighters for the Navy. Executives also said Boeing would not make a significant increase in 737 Max production until late 2027. Cramer argued that investors were overlooking Boeing’s longer-term potential, including an expanding defense business after major contract wins.

GE Vernova delivered a strong third quarter Wednesday, raised its guidance and nearly doubled orders. It announced a $9 billion acquisition of Trench Group, a high-voltage equipment maker, and doubled its share repurchase authorization to $20 billion. The shares fell after comments suggested power orders could cool in 2027. Cramer called the sell-off unwarranted, citing the company’s backlog, improving profitability and demand visibility through 2031 and 2032. He also pointed to management’s confidence that customers were not canceling projects over financing concerns. “This is priced wrong,” Cramer said.

Cramer said GE Vernova’s backlog and project visibility remained strong even as management signaled that new power orders might slow. He framed that possible moderation against the company’s current business momentum and its longer-range demand outlook.