GE is having its best year in two decades, but trader says it's time to stay away $GE (via TradingNation)
The one-time Dow stock has surged more than 40% in 2019, tracking for its best performance since 1999.
That wait-and-see approach makes the most sense, says Michael Bapis, managing director at Vios Advisors at Rockefeller Capital." on Monday. "They've done these spinoffs, they've sold off some of their businesses [but] they still have high debt. And I think people are confused on … what earnings are going to grow, or are they going to grow."
"We're advising our clients at Rockefeller just stay away from the name. Let's look and see what happens over the next six months," said Bapis. "Let's see what happens when they start getting earnings and they figure out the direction they're going to head as a company."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
7 Important Tips for Traveling While Sober and Having an Even Better Time7 important tips for traveling while sober and having an even better time
Consulte Mais informação »
There's still time: Walmart is having an epic sale on Samsung 4K TVs, including QLED modelsThroughout the July 4th weekend, Walmart is having a huge '4K for all' sale that includes QLED models — and you won’t believe the low prices. Act fast!
Consulte Mais informação »
No One Is Having A Better Time Than Meghan And Kate At WimbledonYou'll wish you knew what they were laughing about.
Consulte Mais informação »
‘Spider-Man’ squashes newcomers, stays No. 1 at box office for second week“Spider-Man: Far From Home” is celebrating another weekend at No. 1, but non-franchise fare continues to struggle at the box office. Fresh studio-released counterprograming such as the horror movie “Crawl” and the action-comedy “Stuber” barely made a dent in the web-slinger’s earnings, although there is a glimmer of hope in the independent world.
Consulte Mais informação »
Why This Entrepreneur Says Having a Child Brought New Meaning to Her CareerWhen Tonya Rapley had her son, she had to recalibrate the way she thought about herself. She wasn't just the founder of My Fab Finance anymore — now she
Consulte Mais informação »
Miley Cyrus Says Climate Change Has Affected Her Stance on Having KidsMiley Cyrus told ELLE that climate change—and world leaders' poor response to combatting it—has affected her stance on having children someday.
Consulte Mais informação »