GE Stock Prediction: Why A Patient Approach Is Needed

General Electric Company (GE) has been strategically spinning off assets in recent years in order to streamline the business, with the sale of GE Capital the latest step. Although this move hurt the company’s bottom line in its most recent earnings report, it is a smart move in the long run. GE’s revenue declined by 12% in the most recent quarter, and the spinoff of the banking business caused profits to fall 6%. But by selling off its financial business, worth up to $500 billion, the company can become more focused on its industrial business. While this will help the company in the long run, difficult times are ahead during this transition, meaning investors should wait before initiating a position in this stock. ge stock prediction