General Electric (GE)
Background: GE operates as a technology and financial services company. GE trades an average of 46.2 million shares per day with a marketcap of $232.8 billion.
52-Week Range: $14.02 - $22.37Yield: 3.08% GE currently pays 68 cents per share in dividends. After suspending the dividend during the financial crash, GE is brightly lit up once more. In the last three years, the average dividend paid per year was 56 cents per share and it's reasonable to anticipate more increases to come. From a technical perspective, the chart on GE looks rock solid on a bullish trend. The widely followed 200-day moving average is climbing on a steady and manageable incline that should breach above $20 within the next month. GE's mean fiscal year estimated price-to-earnings ratio is 14.2, based on analysts' estimates of $1.55 per share in earnings this year. For a financial company relative to its peers, GE isn't very cheap anymore, but for a once-again growth story, GE shares are attractive regardless of the source of earnings. Even in the last month, the shares have increased 5.4%. Almost zero desire by short sellers to move against this stock. Short interest hardly moves the needle with only 0.7% of the float. I use SEC.gov, Zacks.com, WSJ.com, Tradestation, and Reuters for my data. PE is generally adjusted based on an average number of shares and for operational earnings. At the time of publication, the author held no positions in any of the stocks mentioned. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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