Today we take a look at the technicals of one of our stock picks for the year 2020: GE

Watch this video to get the technical insights.

General Electric Co. (GE)

Reasons for selection:

  1. Successful deleveraging
  2. Increased confidence in turnaround by new management
  3. Positive inflection in EPS and free cash flow
  4. Better understanding of company risks

Our Price Target USD$15.22

“We believe the stock is at a positive inflection point into 2020,” UBS analyst Markus Mittermaier said in note to investors. The buy rating represents an upgrade in the firm’s opinion of GE, as the previous analyst had a neutral rating. “We question the depth of which consensus captures the ongoing GE evolution,” Mittermaier said. “Analyzing GE is not trivial and requires a detailed segment level analysis. This is what we have done. Our view is based on a multitude of proprietary data... We expect the stock narrative to change from significant cash drag to successful transformation”. Reference link

General Electric reports earnings on January 29th, 2020.

Good trading!


Trading Risk Disclaimer

All the information shared in this video is provided for educational purposes only. Any trades placed upon reliance of SharperTrades.com are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, commodities, options and forex, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. This is not an offer to buy or sell stocks, forex, futures, options, commodity interests or any other trading security.