This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Five Buys Near 52-Week Highs

GE Chart GE data by YCharts

General Electric(GE - Get Report)

Background: GE is one of the largest and most diversified industrial corporations in the world. Its products include major appliances, lighting products, industrial automation products, medical diagnostic imaging equipment, motors, electrical distribution and control equipment, locomotives and power generation and delivery products. GE trades an average of 32.8 million shares a day and has a market cap of $221.1 billion.

52-Week Range: $14.02 to 21.19

52-Week High: $21.19

52-Week Low: $14.02

GE is one of my favorite companies. It was a core holding and a daily trading vehicle for me for several years. In 2009, with a cost basis of near $7, I exited with a small profit. There was a real worry GE might fail due to the GE capital division dragging it down.

Three years later, the stock price has tripled. And after dividends, it has earned an investor even more. With a 68-cent dividend, GE is yielding over 10% for those with a cost basis near $7. The ride doesn't appear to be over yet, though. Profits are moving higher, and so is the stock. At the end of 2007, GE was trading for more than $40 a share, leaving plenty of upside based on historical prices.

The moving averages are clearly in the bull camp. GE may bounce around a bit, but it does appear poised to make the next leg higher.

Short interest is not a factor, with less than 1% of the float short. And analysts are anticipating continued price appreciation; the mean analyst price target is $22.50.

GE's P/E multiple is higher than many blue chip stocks, but not out of line at about 14. If you can grab shares on a dip at about $20.50, consider it a good buy.
4 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GE $28.26 0.00%
HD $116.32 0.00%
RF $7.60 0.00%
SIRI $3.46 0.00%
S $2.66 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs