And since John Flannery's August takeover, the stock has continued to fall -- to its current $23.Here are two reasons I will continue to own the stock.If you haven't read 2002 Nobel Prize Winner Daniel Kahneman's One such heuristic is what I'll call the sunk cost bias -- it's a bit of a misnomer though. There are a few exceptions as a handful winning stocks show relative strength to the overall market. My 14th book -- published in February 2019 -- is "Scaling Your Startup: Mastering the Four Stages from Idea to $10 Billion." Even if they’re accurate, they don’t reflect a good situation.As for the charts, look to see if GE stock can reclaim $8. 1125 N. Charles St, Baltimore, MD 21201.

If I had done that, my GE stock would have been cashed out at $50 a share -- GE's stock price on November 27, 2000 when Welch made the announcement -- instead …

The company has been leaning on its aviation unit to drive its financials. S&P Dow Jones Indices recently removed General Electric Co. (ticker: GE) from the Dow Jones industrial average, a rare move taken when a stock has been hammered or should … From peak to trough, GE stock fell 55.5% in just over a month. All rights reserved. Secret Advisor to Billionaires Makes Surprising Prediction for 2020According to Eric Fry, a handful of little-known stocks are on the verge of a sudden and powerful turnaround. Estimates call for an even worse decline in earnings, down 20% to 52 cents per share. GE Stock Bears Are Grasping at Straws General Electric still has a long way to go to complete its turnaround. I became a Forbes contributor in April 2011. 1125 N. Charles St, Baltimore, MD 21201. For whatever reason, these selloffs typically attract investors. And the major stock indices are coming off a year of double-digit gains: In 2019, the Dow rose 22.3% and the S&P was up 28.9%. According toMeanwhile, the Journal wrote that if you include dividends, GE’s stock gained 8.2% with Immelt at the helm -- since I have such a large percent of my portfolio in an index fund, it is with mixed feelings that I point out the 213% rise in the S&P 500 during his tenure.Knowing what I know now, I would have titled my article, "Immelt Gets A Scoundrel's F." Either Welch did not know what he was doing when he picked Immelt or he did know and was trying to make himself look better by picking a weak successor.But that's history -- if Flannery can't boost its top line, I will give up on GE stock.I ditched corporate America in 1994 and started a management consulting and venture capital firm (http://petercohan.com). In 2006 I gave In July 2007 I met with GE's CFO at Rockefeller Center who asked me what I thought would boost the company's stock. With the coronavirus putting the squeeze on airlines right now, that’s bad news for GE.Suddenly, prior orders are in jeopardy as airlines try to figure out the finances. Avoid Buying General Electric Despite Upside Potential Above it puts a gap-fill up toward $9.25 on the table, followed by a possible rally to $10. (http://www.themarketbasketeffect.com/). Below puts the recent 52-week low in play.Article printed from InvestorPlace Media, https://investorplace.com/2020/04/avoid-buying-ge-stock-despite-upside-potential/.Financial Market Data powered by FinancialContent Services, Inc. All rights reserved.

This time around, the stock market is panicking over the coronavirus and trying to weigh the coming recession.In both cases, General Electric has suffered because investors know it doesn’t have strong financials. I held on through Jeff Immelt's disastrous tenure -- as the company's market capitalization fell 37%-- from $40.50 to $25.61. Economic Club of New York in New York, U.S., on Thursday, June 22, 2017. It doesn’t help that These forecasts seem aggressive.
Copyright © General Electric Company (GE) stock is trading at $6.64 as of 3:16 PM on Monday, Aug 10, an increase of $0.25, or 3.93% from the previous closing price of $6.39. The idea here is that when people spend money on a stock, if its price falls, they are reluctant to turn around and sell it because to do so would be an admission of having made a dumb decision. GE has been improving over the last 15 months but that doesn’t mean it’s a high-quality stock.When the stock market goes through volatile panics like this, almost every stock gets hit. Jeffrey Immelt, chief executive officer of General Electric Co. (GE), listens during an event at theIt was nice owning GE stock when Jack Welch was CEO as it beat the S&P 500 consistently. Remember, “hope” isn’t a sound investing strategy.

Most are not.Instead of picking over the scraps of companies well past their glory days, why not look for companies that are still in their prime, and down 30% to 40%-plus amid the selloff?Can General Electric rebound back to $10-plus from here? It was nice owning GE stock when Jack Welch was CEO as it beat the S&P 500 consistently. Last week, Immelt announced he would step down as CEO on Aug. 1. There it will run into several key moving averages. Could this be his next 1,000% play? 2020 InvestorPlace Media, LLC. Of course, but that doesn’t make it a buy.Instead of sporting strong growth and a solid balance sheet though, General Electric is struggling for flexibility. The stock has traded between $6.38 and $6.70 so far today. Some investors are good at buying distressed companies. For years, this was the place to be, because growth was solid and business was steady. But with the issues this company has faced in the past two years, along with current concerns, I find more comfort in buying high-quality companies at a discount.Analysts currently expect General Electric’s revenue to fall 6.5% this year to $89 billion. And a recession won’t help matters. That’s going to hurt business and thus, the financials for GE stock.Like we said, it’s possible for GE stock to rebound up toward $10. Immelt's successor, John Flannery, said he plans to review the General Electric Co. empire he's inheriting, fueling speculation that the $240 billion company is headed for a major slimdown. Copyright © 2020 InvestorPlace Media, LLC.