NEW YORK (TheStreet) -- General Electric (GE) reported fourth-quarter earnings per share that were in line with estimates and revenue that beat expectations. Nonetheless, shares are lower by 2.5% on Friday.
TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said GE is making the transition from being a financial company to an industrial company.
He said the industrial numbers from the company were pretty good. He also said that this wasn't supposed to be a blowout quarter for GE, and it wasn't.
He urged investors to use more than a 48-hour time frame when judging stocks. Cramer concluded that GE will be "up a lot by the end of the year."-- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV