Better Buy: General Electric vs. Coca-Cola
It's important to understand the story behind a stock. Today, the biggest story is easily COVID-19 and the global impact of the effort to slow its spread. That's taking a toll on companies far and wide, including both General Electric (NYSE: GE) and Coca-Cola (NYSE: KO). But when you dig into these two names, there's much more to each of their individual stories. And one of these iconic stocks easily stands above the other.
General Electric is a cyclical industrial company. As COVID-19 pushed the United States and other nations into economic recessions, demand for the company's products has softened. Moreover, travel has come to a virtual standstill, which is terrible news for GE's aviation business. This division is the company's largest by revenue, accounting for roughly 36% of first-quarter industrial business sales. COVID-19 is a very big issue for GE.
Image source: Getty Images.
Source Fool.com
