NEW YORK (TheStreet) -- Shares of General Electric (GE) were up slightly in early afternoon trading on Monday, as the stock fails to impress investors, Money Map Press CIS Keith Fitz-Gerald said on Fox Business' "Varney & Company" this morning.
"You know nobody really knows what GE is anymore. It's a household name, but what is it?" Fitz-Gerald asked on the show.
People are confused about whether the company is focused on technology, manufacturing, inventory or industrial processing. "That's I think what's holding it back more than anything. It's a broadly held stock and there's no real impetus to go higher because nobody knows what it is anymore," Fitz-Gerald noted.
Most people invested in a mutual fund probably own a piece of General Electric, noted Fox Business' Stuart Varney. "Great stock of the 80s and early 90s and then, not so much," he added.
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Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings team rates General Electric as a Buy with a ratings score of B. This is driven by a number of strengths, which the team believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks the team covers.