GE (GE) - Get Report is no longer on the government's 'too big to fail' list and that is a good thing, says Jim Cramer. He said GE can either grow its dividend slow and steadily and buyback its stock in a measured pace. Or it can adopt the plan of billionaire activist Nelson Peltz and aggressively buyback shares. Either way, Cramer predicts the stock will go higher now that it won't be weighed down by its Systemically Important Financial Institution, or SIFI, designation.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.