Shares of General Electric (GE) - Get General Electric Company (GE) Report were slumping during Friday morning trading, after the company reported fourth quarter earnings in-line with estimates, but missed on revenue.
"See, the problem with General Electric is that once again you just keep thinking that the execution will be perfect and the execution wasn't," TheStreet's Jim Cramer said from the floor of the New York Stock Exchange Friday morning.
During the quarter, GE's oil and gas revenue sunk 22%, and energy connections and lighting fell 29%. However, the company did see positives in its power systems (+20%), renewable energy (+29%), aviation (+7%), Industrial orders (+4%), and healthcare (+3%).
"There were a lot of things that were good," Cramer said. "But, as long as there is always one that isn't, the stock can't get out of its way."
(General Electric is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio.)