General Electric due for +20% rally
GE confirms next leg upMentioned in the past few reports for members as one of the quiet performance leaders since bottoming in 2023 and breaking out of a multi-decade consolidation after.
The depth of the consolidation projects a target up to $265 per share, or about +30% from here. Prices are breaking out today, and on a risk-adjusted basis, this is my best new shot at a long.
Beyond Technicals:
GE's order book and backlog are at record levels, providing clear visibility into future revenues.
GE reinstated its Dividend policy.
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