GE posts best month ever, but market analyst says chart looks 'questionable'

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After General Electric finishes off its best month ever, Ari Wald of Oppenheimer says its troubles are not behind it.

"From a risk-reward basis, if I want to play beta, I'm going to buy capital markets, I'm going to buy semiconductors, I'm going to buy capital goods, probably more mid-cap industrial rather than GE to play that. I think that those areas offer a much more attractive risk-reward," said Wald.

Quint Tatro, president of Joule Financial, is also wary of the bounce in GE and sees better opportunity elsewhere. "The easy money there has been made, and I wouldn't even call it 'easy money,' because who would have known when it was going to happen, but it's happened, and I think now going forward, you have to really be careful in looking at a name like this and thinking that it's just off to the races," Tatro said during the same "Trading Nation" segment.

 

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anti-Marxismlist! On my opinion, the human society is running on these: 1 technology define theoretical economic aggregate 2 labour define gross economy 3 finance system define distribution of wealth from gross economy

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