I decided to look at some of the most widely held stocks to see how they're doing. General Electric (NYSE:GE) is always at the top of that list. The key to success at GE is that it is so big and in so many sectors that it's revenue almost mirrors the whole economy in general. Where it shines is that most of its divisions seem to be managed better than most of their competitors, which equates to the bottom line. The price has enjoyed momentum on Barchart as the economy recovers. The leading divisions are expected to be in consumer products, lending and leasing and of course, the aviation division.
- 56% Barchart technical buy signals
- Trend Spotter buy signal
- Trading above its 20, 50 and 100 day moving averages
- Relative Strength Index is 52.86%
- Trades around 20.29 which is above its 50 day moving average of 20.15
- This is a Wall Street sweetheart and a core holding at most firms
- Brokerage analysts have published 3 strong buy, 9 buy and 6 hold recommendations
- Sales project are slightly under being flat with sales projections for this year to be down 4.50% and still down by another .20% next year
- Earnings are where great management shows its head
- Earnings are estimated to increase by 16.50% this year, another 23.10% next year and continue increasing by 16.64% annually for the next 5 years
- I love 5 year double digit increased earnings projections.
- To say it is a widely followed stock is an understatement with over 19,238 investors voting opinions on Motley Fool
- CAPS members vote 14,911 to 1,032 that the stock will beat the market
- The All Stars are more experienced but agree 3,171 to 124
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.