Clapping Back On Day 1

This is a Post from the Symbol Surfing Blog from Tue, Jun 26, 2018.

GE is up 7% it's first day not being in Dow 30.

That's a great sign after all the selling over the past year and a half.

The reason for the move is GE announced it will spin off the healthcare division and focus on its aviation, power and renewable energy divisions.

G.E. to Spin Off Health Care Division as Part of Major Reshaping

It looks like good things might be starting to happen for this stock.

I still think this is a risky investment because of the negative earnings per share and bad credit rating.

What do you think about "Clapping Back On Day 1"?

Let me know in the comments section!

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Hello! My name is Tom Adishian and I am the creator and developer of Symbol Surfing. I use this site on a daily basis as a time-saving resource to identify trading and investing ideas. If you have a comment, question or suggestion, contact me.

Tue, Jun 26, 2018 GE @ $13.74