Investors are looking for General Electric (GE - Get Report) to join the big rally that many other industrial and cyclical stocks have enjoyed since Election Day. Perhaps the company's investor meeting on Wednesday can be a catalyst.
First and foremost, we need an update on what the company plans to do with Baker Hughes (BHI) , TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said from the floor of the New York Stock Exchange Tuesday.
Will it operate as a separate entity or will it be added to the company's portfolio of businesses? Cramer asked. Oil is finally a tailwind, rather than a headwind and given the size of the acquisition -- roughly $30 billion -- investors will want to know what the plan is.
It will also be interesting to hear about GE's health care business and whether sales are picking up pace or losing steam. Cramer also wants to hear about the company's wind and gas turbine businesses, as the U.S. continues to move from a coal-based energy system to natural gas and other cleaner sources, he concluded.
While the stock is up about 90% over the past five years, shares of GE are up just 2% for 2016.