NEW YORK ( TheStreet) -- With the market trading near all-time highs, picking winners is about as difficult as shooting fish in a barrel. Everyone is once again a stock-picking genius.Two things never change, though: People get overly confident in bull markets, and every bull market is followed by a bear market. As an investor, you want to position your portfolio to win in both bull and bear markets.
General Electric (GE - Get Report) Background: General Electric is one of the largest and most diversified industrial corporations in the world. GE is also an original member of the Dow Industrial average. Earnings Payout Percentage: 51% I've been bullish on General Electric for several years now. The company makes it easy to remain bullish because the stock continues higher while the income and balance sheets grow at a comparable rate. Shares are modestly higher from about a month ago, and investors receive 76 cents annually in dividend payments for a yield of 3.1%. From a year ago, the shares are up over 20%, and analysts are calling for a price target of $25.85. I see no reason why $30 is unattainable within the next two years. At $30, General Electric will still be well off the highs of 2007 and any argument that the shares are overvalued quickly dissipate after considering only 0.7% of the float is shorted. The key to buying General Electric is to wait for three to five down days in a row. Wednesday provides the first opportunity after shares declined since Thursday last week. GE Payout Ratio TTM data by YCharts