Do you already own General Electric stock?
 

Kenneth J. Dickson

Do you already own General Electric stock?

If you're looking for General Electric stock price information, then I hope this page will provide an overvew as many people hold this stock directly in their portfolio, or in their mutual funds.

But first, welcome to my series: Stocks in the Dow Jones 30. We'll be adding more in the coming months, as we seek to expand stock coverage on Successful-Stock-Trading.

GE's Origins

General Electric (NYSE: GE), founded in 1878, has always looked for new ways to grow, not only enrich its coffers and its stockholders’ but to improve the lives of its customers. Consequently, the company has expanded over the years from manufacturing the first light bulbs to providing energy and more.

The GE Good Life

In the 1930’s, GE began making home appliances as well as financing the consumers that bought the goods. Over the years the company has diversified its holdings so that today it’s one of the biggest and most versatile conglomerations in the world.

Business Overview

The first thing most investors look for, besides a steady bottom line profit, is whether a business provides a temporary service or a lasting demand. Many businesses start, grow, profit and sink out of sight in as little as a year. Companies that supply a steady or increasing need, however, are usually worthy of consideration when an investor is looking for a good return.

General Electric has expanded its interests to include not only consumer necessities like water systems, window air conditioners, home electronics and surveillance systems but commercial products such as medical imaging equipment, plant turbines and jet engines. Over the last century, GE has developed into a company that provides goods and services that the world is unable or unwilling to do without, insuring a steady growth of both size and income.

Recent Performance

Lately, however, General Electric stock has seen a fairly steady decline. Nearly every stock on the market has headed down in the past few months, though, due in large part to skittish investors and the cost of oil. While you may not think it’s a good time to buy stocks that are losing value, the basic idea of the stock market has always been to buy low and sell high. This makes it a very good time, theoretically, to buy GE stock and sit on it until values begin to rise once more.

Recovery: Buying Opportunity?

Stocks such as General Electric stock will eventually recover, in part because their very existence is tied into the sort of products that are essential to modern life. People will always need power, clean water, climate control, medical tests and ways to travel. GE provides all of that and more. It’s inevitable that the company will recover from the present bear market and anyone buying GE stock at its current low price will likely be very happy with their decision in the future.

Disclaimer - SST does not currently own this stock, though he did briefly own it and lost money on it during the dotcom bust years ago! He is currently considering investing in some of the Dow Stocks especially with the current sale... and is waiting for an opportune entry point.

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