"Look, I understand the bear thesis," Cramer said. "But the bears need to wrap their heads around the fact that GE made a big bet on oil right near the top, and while that was certainly a bad decision, it looks a whole lot less terrible as the price of crude makes a comeback."
"Geopolitics is now giving Flannery a huge break. If he takes it, I think GE will not have to cut its dividend again and not have to guide down, and the stock may have bottomed," Cramer said on Tuesday. "If he doesn't? Frankly, that's inconceivable to me, but then again, inconceivable was the province of Flannery's predecessor, not Flannery himself."