Company Of The Day: General Electric

+58.25%
Upside
63.54
Market
101
Trefis
GE: General Electric logo
GE
General Electric

What?

General Electric (NYSE:GE) plans to split into three companies, focused on aviation, health care, and energy. GE intends to spin off the healthcare division by 2023 and the energy unit by 2024. The current GE will be an aviation-focused company.

Why?

Relevant Articles
  1. Should You Buy General Electric Stock At $65?
  2. Forecast Of The Day: General Electric Aviation Revenues
  3. What’s Happening With General Electric Stock?
  4. This Industrial Company Is A Better Bet Over General Electric Stock
  5. Company Of The Day: General Electric
  6. How Will General Electric Stock Trend Following Q4 Earnings?

GE stock has underperformed considerably, losing about half its value over the last five years. It’s likely that a spin-off could help to simplify its business structure and unlock some value for shareholders.

So What?

GE stock gained about 3% in Tuesday’s trading following the news.

See Our Complete Analysis For General Electric

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since 2016.

Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates