GE, 1D Long

๐†๐„ ๐ฌ๐ฆ๐š๐ฌ๐ก๐ž๐ฌ ๐ž๐š๐ซ๐ง๐ข๐ง๐ ๐ฌ ๐ž๐ฌ๐ญ๐ข๐ฆ๐š๐ญ๐ž – ๐ข๐ฌ ๐ข๐ญ ๐š ๐ฌ๐ž๐œ๐ซ๐ž๐ญ ๐›๐ฎ๐ฒ? The recent earnings showed the rolling 4Q EPS exceeded analyst expectations by 33%. HOWEVER , analysts were quite pessimistic on their estimates, and EPS is down year-on-year. So is this the first green shoots of a turn around; or just a last gasp for breath? I like GE for the long term. They have positioned themselves well for the emergence of new technologies in the renewables sector – while still being a major player in existing sectors such as aero. In fact, one of the brighter spots for GE is their renewables business unit. With more initiatives coming out of the Biden White House; it seems that renewables will be a big focus over the next 4 years – and the upside could be very rewarding.

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