#8 - General Electric (NYSE:GE)
General Electric (NYSE: GE) - When you've hit the bottom, there's nowhere to go but up, right? That might be the cynical argument for buying General Electric. However, there is a brighter story. Their new CEO, Lawrence Culp, successfully turned around the industrial company Danaher and will bring the principles of the Toyota Production System (TPS) to General Electric. Can analytics make a difference? The company is betting on it and with good reason. GE has been trying, unsuccessfully to divest itself of their underperforming business units while identifying and growing their profitable ones. That is where Culp succeeded at Danaher and the thought is he can achieve similar success to GE. With a stock price currently around $12 a share, the stock has actually climbed around 13% since Culp was named to the position. While the stock may not be for the faint of heart, there does seem to be evidence of a bright future for GE shares.
About General Electric
General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.
Read More - Current Price
- $181.11
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $200.93 (10.9% Upside)
Corrections are a part of every market, even a bull market like the one that investors are currently enjoying. During these times, there is always profit potential, because frequently corrections provide the opportunity for investors to buy great stocks while they’re on sale. This latest correction is no different. From tech stocks to manufacturing, there are some appealing stocks with great brand names that are now offering investors a chance to swoop in and add to their portfolio at attractive prices.
Just as October is a notoriously painful month for stock, the run-up to the Holiday season is typically a time when the market experiences some of its greatest gains. But as the saying goes, you can’t win if you don’t get in the game. These eight stocks look to be screaming “Sale” right now, making them strong options for you to consider in your portfolio.
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