I Know First Review

General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products.

I Know First wrote a Seeking Alpha Article about General Electric on Aug 27th 2015. The article argued that the company’s stock was Bullish in the long term mainly because It had strong algorithmic signal. Since that time, the stock price has increased 27%.

I Know First is a financial services firm that utilizes an advanced self-learning algorithm to analyze, model and predict the stock market.
Co-Founder Dr. Lipa Roitman, a scientist, with over 20 years of experience created the market prediction system. The algorithm is based on artificial intelligence, machine learning and incorporates elements of artificial neural networks as well as genetic algorithms to model and predict the flow of money between 3,000 markets from 3-days to a year: stocks, ETF’s, world indices, gold, currencies, interest rates, and commodities.
The algorithm outputs a predicted trend as a number, which in turn, is used by traders to identify when to enter and exit the market. While forecasts can be used for intra-day trading, the predictability tends to become stronger over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

I Know First made a Bullish prediction for General Electric on the 25th of August for 3 Months and 1 Year. To see more on how we create GE predictions Click HERE

The original forecast>

(Figure 1: GE forecast 25th August ’15)  

In accordance with the algorithmic forecast, GE rose by 27% during the last 3 months.

General Electric Company (NYSE:GE) showed bearish trend with lower momentum of -0.39% to close at $30.37. The company traded total volume of 66,681,281 shares as compared to its average volume of 129.36 million shares. The company has a market value of $308.23 billion and about 10.11 billion shares outstanding. During the 52-week trading session the minimum price at which share price traded, registered at $19.37 and reached to max level of $30.99.

During the current month, Wall Street analysts gave the rating about the company shares. 4 analysts said BUY the stock and Strong BUY signal by 6. Sell rating was given by 0. Hold signal was recommended by 7 analysts. No one gave an Underperform rating

GE wanted to terminated its contract to sell its Appliances business to Electrolux and wanted to pursue other options to sell the Appliances business. GE is entitled to a break-up fee of $175 million from Electrolux. The Appliances business is performing well and GE will continue to run the business while it pursues a sale.

General Electric has called off a deal to sell its century-old appliance division to Electrolux of Sweden for $3.3 billion after the United States Justice Department moved to block the transaction, Electrolux said on Monday.