(@Scotlandyard) on getquin

I just read an article that claims General Electric stock is better than Apple, Meta and Tesla. I am skeptical and would like to hear your opinion about General Electric.

General Electric is an American conglomerate that has posted a 73% gain on the stock market in one year. This means that the $GEC share outperforms the tech giants $AAPL (+1.15%), $META (-0.09%) and $TSLA (+1.2%), but does that make the stock fundamentally better now?

General Electric's success can be attributed to extensive turnarounds and strategic restructuring. After a difficult period in which the company stumbled from crisis to crisis, new CEO Larry Culp implemented a turnaround plan five years ago. A central aspect of this plan is the splitting of the Group into three independent companies.

Back in January, the medical technology division was spun off as a separate subsidiary, GE Healthcare Technologies. $GEHC (-0.87%) recently raised its forecast for 2023 and now expects organic sales growth of 6-8% due to higher demand.

Another spinoff is on the horizon with GE Vernova. Although the gas turbine and wind turbine manufacturer has faced competitive pressure in recent years, growth prospects in the renewable energy sector are promising.

General Electric's future focus will be on GE Aerospace, its aerospace division. There, the company focuses on the production and maintenance of aircraft engines. The increasing demand from major aircraft manufacturers such as. $BA (-3.06%) and $AIR (-1.39%) as well as long-term maintenance and service contracts for new aircraft engines are making a major contribution to the significant growth in sales.

General Electric is forecasting double-digit growth for the current fiscal year. I'm keeping an eye on the company and am curious to see what happens next.

How do you see the growth prospects for General Electric? I think the prospects are not bad, but whether you can compare them with the big companies like Apple and Meta, I dare to doubt. What do you guys think? Are any of you invested in General Electric?

Hannes@Hannes_SK

1Yr

There is absolutely no point in looking at the past when selecting shares, because it does not reflect future business development, which is what the stock market values. Growth is always finite in the corporate cycle. So at some point the zenith of a company is also given. You can see that in the high flyers of past times, like $IBM. Sure, you could make a lot of money with the BigTechs, but their zenith also seems likely, so it's better to look for companies today that really have the potential to be on the level of today's superlatives in 20 years.

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Michael@Wellenreiter

Better is such a thing, the history does not have to repeat itself and besides, I find it rather difficult to compare the mentioned directly with each other. Too different in my opinion

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Himutruurig@Himu

I thought so :-)

Say it only reluctantly, was unfortunately only all empty blabla what you have given up there to the best. Sorry!