GE Stock Prediction: 19.34% Increase Since Our Bullish Forecast

GE Stock Prediction

I Know First Research recently published a bullish article on GE. on August 25th 2015. In accordance with I Know First predictions, the stock price has increased 19.34% since the publication.

GE stock Predictions

General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines and others.

Many things happened since our prediction a quick overview from the last two months. Starting with the early announcement of their possible relocation of Headquarters in Connecticut due to increase in taxation alarmed some and created a bidding war between New York, Atlanta and Dallas to acquire General Electric Headquarters. This affected their stock positively for the period between August and September.

After launching their new Digital Power plant introducing new software and hardware that detects problems before they happen by analyzing individual machines at a time. They dominated the end of month DOW. As an effect the net operating cash flow outperformed the industry average by 4.2% compared to a year ago and their revenues also raised from that period of time by 0.2%.

Annother factor for General Electric’s wonderful performance is that Wells Fargo acquired from them their RailCar Leasing business making them completely retreat from financial services and selling separately the RailCar business, the TankCar Fleet and the RailCar repair shop. All of these factors helped the stock grow and have a positive performance according to the prediction. Stay tuned for further algorithmic news for GE.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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