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.