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5 Bullish Stocks to Buy on the Next Dip

GE Chart GE data by YCharts

General Electric Company(GE - Get Report)

I like GE, and the 2009 meltdown that had many investors worried if GE would make it through to the other side appears to have dissipated.

Here are two recent articles I wrote on GE you may find of value to your portfolio: 5 High-Yielding Companies in a Strong Bull Trend and Five Buys Near 52-Week Highs .

Most investors, including myself, don't consider GE a very good candidate for a hit and run of capital gains. But GE has moved up sharply this year, rising almost 30%.

While the current dividend is not as high as during 2008, the last couple of years have rewarded investors with a 70% increase since the start of 2010. The last dividend payment in June was 17 cents (3% yield), and I expect to see 19 or 20 cents by the end of 2013.

If today is a down day, and we have multiple down days, Thursday or Friday may provide the dip you're looking for. As a bonus, you may find comfort knowing short sellers (the people I consider the smart money) don't find GE attractive as a short sell. Less than 1% of the float is short.

I use Zacks.com, WSJ.com, Tradestation and Reuters for my data. PE is generally adjusted based on an average number of shares.

At the time of publication the author did not hold a position in any stock mentioned.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.
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SYM TRADE IT LAST %CHG
AAPL $123.69 -0.65%
GE $25.95 0.78%
JNJ $98.29 -0.87%
LLY $84.15 -0.67%
T $34.47 0.52%

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