General Electric: Larry Culp Is The Man (For The Job)

Summary:

- General Electric reported strong Q1 2019 results that beat the consensus bottom-line estimate.

- The stock is up big since General Electric reported Q1 2019 results, but GE shares are still down almost 30% over the last year.

- I am long General Electric and I have no plans to sell anytime soon.

General Electric's ($GE) stock is up over 5% since the company reported better-than-expected Q1 2019 earnings. However, the recent stock performance is nothing to brag about because GE shares are still down by almost 30% over the last year.

I have been asked a lot lately about what I plan to do with my GE shares and my answer has been consistent - i.e., I plan to stay long (and wrong, at least for now). My thoughts on this company/stock have not changed, but it's important to remember, it is not going to be an easy task for GE's newish CEO, Mr. Larry Culp, to orchestrate a turnaround of this large, complex company. However, so far, so good.