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General Electric's Stock Is Up For A Few (Good) Reasons

November 26, 2019

Summary:

- General Electric's stock has significantly outperformed the broader market on a YTD basis.

- There are legitimate reasons to stay long General Electric, and, in my opinion, the change in institutional ownership shows that the big boys are starting to get bullish.

- I hold a sizable position in General Electric, and I plan to remain long.

 

General Electric's ($GE) stock has performed extremely well so far in 2019, as GE shares are outperforming the broader market by ~33 percentage points over the last 11-plus months.

 

Investor sentiment has played a significant role in the strong stock performance so far this year, but let's not forget that there is more to the story than just a positive shift in expectations. To this point, Mr. Larry Culp, CEO and team have given the market plenty of reasons to remain (or get) bullish about this large, complex conglomerate's long-term business prospects.

 

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