CNBC's Jim Cramer called General Electric a winner in the industrial sector because of the advances it is making in nuclear energy. GE's nuclear fuel business in Verona said Wednesday it received approval from the U.S. Nuclear Regulatory Commission to manufacture, ship and analyze the performance of higher-enriched fuel. These “regulatory milestones” will help the company “innovate to help our customers operate their plants even more efficiently and be prepared to support the next generation of reactor technology,” according to the press release. GE shares were trading about 2% higher on the news. GE YTD Mountain GE stock performance so far this year. “[General Electric] continues to go up,” Cramer said Wednesday. While that's mostly due to demand for its aircraft engines, Cramer added that investors “love any way they can run nuclear fuel.” In November 2021, GE announced plans to split up and form three publicly traded companies, focused on aerospace, healthcare and energy. The buildup of the company's energy assets, GE Vernova, is expected to be spun off early in the second quarter of this year. In healthcare, GE Healthcare was “GEHC is a stock of Jim's Charitable Trust, the portfolio used by the CNBC Investing Club. What will essentially be the remaining company will become GE Aerospace. “GE Healthcare has been a rocket lately” for the Club,” Cramer said. GEHC shares have gained 7% so far this year, compared with a 4.5% gain for the S&P 500 in 2024. GEHC finally earned some well-deserved respect on Wall Street after its latest earnings were released on Feb. 6, the Club wrote in a commentary about the better-than-feared results and the stock's 11.5% rise that day. They've added about $1 a share to nearly $83 a share since then.
