General Electric due for +20% rally

23 juil.

GE confirms next leg up
Mentioned in the past few reports for members as one of the quiet performance leaders since bottoming in 2023 and breaking out of a multi-decade consolidation after.

The depth of the consolidation projects a target up to $265 per share, or about +30% from here. Prices are breaking out today, and on a risk-adjusted basis, this is my best new shot at a long.

Beyond Technicals:
GE's order book and backlog are at record levels, providing clear visibility into future revenues.
GE reinstated its Dividend policy.