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General Electric: This Is What Matters, For Now
July 30, 2019
- General Electric is scheduled to release Q2 2019 results on July 31, 2019.
- I cover the two things that investors should closely monitor this week (and for the rest of the year).
- I am long General Electric, and I plan to stay long the stock.
General Electric ($GE) has been a battleground stock that has actually performed extremely well so far in 2019 (up over 38%). However, GE shares are still down almost 20% over the last year and have significantly underperformed the broader market.
2019 has been a good year for GE shareholders, but the company's management team still has a lot more to prove before the stock will be able to tick higher from here. To do this, management will need to continue to tell a good story, and the company's operating results for the next few quarters will need to impress. To this point, I believe that there are 2 things that investors should pay close attention to when GE reports on July 31, 2019.