General Electric (NYSE: GE) is an industrial conglomerate that is ready for a turnaround. The turnaround happen when Larry Culp was named the CEO in 2018. He executed the following tasks after he was named the CEO.

finviz dynamic chart for GE

  • He cut GE’s dividend to save cash.
  • He unloaded the company’s stake in Baker Hughes, an oilfield services giant.
  • He divested the company’s BioPharma division for $21 billion.
  • He slashed the payroll by the thousands.
  • He slashed the company’s debt by $25 billion from January 2019 to third quarter of 2020.
  • He helped the company generate $39 billion in cash on its balance sheet on the most recent quarter.

Currently, more analysts and investors are bullish about GE stocks because GE is planning to sell its jet-leasing business, GE Capital Aviation Services,  to Ireland’s AerCap Holdings NV for $30 billion. More analysts are raising the target price for GE.  GE shares have gained around 34.9% over the past year. For investors interested of investing of GE stocks, this is the right time to invest now before the stock price go up further.

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