GE Stock Bears Are Grasping at Straws

Late last month, General Electric (NYSE: GE) reported better-than-expected results for the second quarter of 2019. GE posted strong organic revenue growth and adjusted earnings per share came in at $0.17, well ahead of the average analyst estimate of $0.12. Most importantly, the company raised its full-year target for industrial free cash flow by $1 billion.

Despite the positive earnings news and guidance update, investors have dumped GE stock, causing it to fall 13% since the earnings report came out. That has pushed the share price back into single-digit territory.

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Source Fool.com