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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

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

enoch_tinga

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker