General ElectricGeneral Electric Co. (NYSE: GE) has seen its stock steadily recover in recent months, gaining more than 70% over the last quarter. This diversified company offers industrial power products, renewable energy technologies, aviation equipment, healthcare products, and capital services. It is one of the best bargain picks for alternative investors.

General Electric stock has momentum because the company has undergone drastic changes under new leadership. Larry Culp became CEO in 2018 and set about a transformation that would turn the bloated conglomerate into a leaner and more focused business. His efforts have been largely successful. The company slashed its debt by an impressive $25 billion between January 2019 and the third quarter of last year. In its most recent quarter, it had $39 billion in cash reserves on its balance sheet.

The company is now in a strong financial position to move forward, and the highest analyst estimates recorded by FactSet see shares trading for as much as $21 within the next year. This hints at a significant upside for new investors. With the company heavily invested in both aviation and renewable energy, it is ready to grow as America’s wider economy recovers in the next two years.

Key Data:

  • 1 Year Price Growth: -4.82%
  • YTD Price Growth: 02%
  • 3 Month Price Growth: 93%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.