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Bull’s Eye Report: General Electric (GE)

Buy GE at current levels


At, we strive to “own the best and ignore the rest” in our equity portfolios. Toward this end, each day we search our database for a “top stock” (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical “set up” and a good entry point.

In short, when our equity team is looking to add a stock to one of our portfolios, the “bull’s eye” stock shown below is generally their first choice.

Company Symbol Industry Stock Rating YTD% Gain S.T.
Stop Loss
General Electric GE Industrial Conglomerates 7.0 +8.34% $22.81

Why We Like The Stock:

General Electric (NYSE:GE) is our most compelling buy today due to the fact that it is a top rated stock (in terms of earnings strength and company/industry performance). Industrial Conglomerates have had a good year thus far, and GE is no exception. Like its counterparts United Technologies Corp. (NYSE:UTX), 3M (NYSE:MMM), Danaher Corp. (NYSE:DHR), and Carlisle Companies (NYSE:CSL), GE been trending higher since the beginning of the year. After a somewhat sloppy March pullback off recent highs, GE has bounced right off its positively trending 50-day moving average and righted the ship, currently breaking through and above its short-term moving averages. GE is also part of the Dow Jones Industrial Average, which has been one of the strongest major indices thus far this year. We like GE at current prices, and with support right around $23, its an attractive trade for the time being.

We Would Be Buyers:

At the current price (~$23.27), or on a pullback to the 50-day moving average ($23).

Company Profile:

General Electric Company  is a diversified technology and financial services company. The products and services of the Company range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. It serves customers in more than 100 countries. Its segments include Energy Infrastructure, Aviation, Healthcare, Transportation, Home & Business Solutions and GE Capital. Effective January 1, 2011, it reorganized the Technology Infrastructure segment into three segments: Aviation, Healthcare and Transportation. In April 2012, GE Healthcare acquired SeqWright, Inc. In December 2012, the company acquired 19% interest in Morpho Detection Inc. In February 2013, it announced the sale of its remaining 49% interest in its joint venture with Comcast (NASDAQ:CMCSA), which includes NBCUniversal, as well as the NBCU floors in 30 Rockefeller Center.

Stock Rating: 7.0

The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.

General Electric – Last Three Months


General Electric – Last 12 Months


General Electric – Last Five Years


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At the time of publication the editor and affiliated companies own the following positions: None

Note: Positions may be bought or sold while this publication is in circulation without notice.

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