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TheStreet Open House

Jim Cramer's Stop Trading: General Electric Could Outperform

NEW YORK (TheStreet) -- Shares of General Electric (GE) are higher by a little more than 1%, following Credit Suisse's newly issued buy rating and $30 price target on the company.

On CNBC's "Cramer's Stop Trading" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, called GE "one of the most frustrating stocks we've ever encountered" for the portfolio. 

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The company showed strong revenue growth in the most recent quarter but failed to grow margins as much as many investors had hoped. 

The Credit Suisse analyst suggested that margins could expand in the future and investors should see what the company has to say at the Sept. 10 oil and gas analyst meeting. 

Cramer said General Electric has been a laggard compared to the broader market.

If it begins to see some upside, then it may be investors' way of showing optimism that global GDP may continue to improve.

At the time of publication, Cramer's Action Alerts PLUS held shares of GE.

-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

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