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NYSE:GE

General Electric (GE)

357.02
-0.62 (0.17%)
as of Jun 18, 2026, 11:45:31 pm Market Open.
186 watching
0
PARTIAL BUY

Their annual report is good-they're playing more offence and he now believes in their wind division. But they need travel to get orders from Boeing which pushes this stock up. He supports the CEO who has cleaned up the balance sheet.

BUY
This has quietly been moving up. They report Tuesday and he expects a positive report. The CEO is turning the company around. Air travel will be a tailwind.
BUY
Will it double in 2021? No, but the business is turning around. The resumption of air travel will be a tailwind. Their hospital business is doing well. It could reach $15.
SELL
A study in how things change and how we shouldn't fall in love with a stock, nor hold grudges. Not investment grade. Speculative. Cashflow and pension issues. Had to sell off good businesses, and left with those that are struggling. If you think there's a better investment opportunity, take it.
WATCH
It feels like this is a company that did what they needed to do to make numbers for a very long time. It is a case of when you are comfortable that all the stones have been uncovered you could look at it.
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Oct 20/20, Up 35.8%)Stockchase Research Editor: Michael O'Reilly This PAST TOP PICK achieved our target at $10. We are being disciplined and are recommending to cover 50% of the position. We also recommend raising the trailing stop from the original $6 to $8 -- above our initial recommended entry.
BUY

A turnaround story that's broken $10 faster than he expected. GE has a huge tailwind from Boeing, whose 737 Max has now been approved; GE's aerospace business will boom because it makes the 737's engines. This boom will give the CEO breathing space to build up GE's healthcare and power divisions. His renewable business should benefit under Biden. In 5 months, vaccines should allow many people to fly again, which will be a huge windfall for its aerospace business.

DON'T BUY
GE has solid wind and healthcare businesses, but these alone are not enough to buy this yet. Give it another another quarter before looking at this. GE reports next week.
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Unlock this Panic-proof Portfolio opinion with Stockchase Premium

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly GE has floundered for the past several years, but new initiatives are beginning to change analyst outlooks. The company recently announced its plan to abandon new-build coal-fired plants in favour of renewables and natural gas projects, including wind powered offshore windfarms. Goldman Sachs recently resumed coverage, looking to a $10 target – more than 35% upside. We would trade this with a $6.00 stop-loss. Yield 0.55%. (Analysts’ price target is $9.17)

DON'T BUY

It's a mishmash restructuring play. They made a blunder buying back so many shares in recent years. Don't throw more more into this if you own it. Doesn't like how it's been run. Instead, he likes industrials and would buy Honeywell.

BUY
Ford vs. GE - Two old industrial giants that are struggling. Great companies, now losers racing down to $10/share. But each are showing promise and hope. He likes both stocks now in the single digits, though they are vastly different. Both Ford and GE will return to double-digits, though he gives the edge to Ford. It's plummeted from $30 to $7, fed by a series of terrible acquisitions over the years. Also, GE wrote idiotic long-term care insurance contracts that dramatically underpriced them and blew a giant hole in the balance sheet. Blame the ex-CEO. New CEO Culp has made some aggressive moves by selling assets and shoring up the balance sheet and trimming GE to aerospace, healthcare and power. However, Covid slowed down their air business and hit the stock. Only recently is the stock recovering as plane traffic gradually rises. GE is a recovery play, if you believe we'll get a vaccine sooner than later. GE is up nearly 15% this month.
COMMENT
They're not ready yet. They have a good turnaround plan despite being linked to aerospace. Should be in better shape in 12 months.
SELL

Struggling. Restructuring since the financial crisis. Trying to repair balance sheet. Aircraft still struggling, and too early to tell how long it will take to recover. Look at Raytheon instead. Defence is doing exceptionally well, plus aerospace and security exposure. Exceptionally well run.

COMMENT

Morgan Stanley's CEO expects positive cash flow in the second half of 2020. The stock rallied over 10% today after that statement, which he finds incredible. However, he doesn't know anyone who expects positive cash flow from GE. Expect Honeywell and 3M to go up along with this, at least tomorrow.

DON'T BUY
The balance sheet remains an issue. They spent $25 billion in 2015-17 in stock buybacks around $25-30/share. The power generation industry is struggling. Maybe some of the pieces of GE are worth more than the stock price. Where's the catalyst to push it up? Look elsewhere for growth.
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