Benzinga has examined the prospects for many investor favorite stocks over the past week.
Last week's bullish calls included a semiconductor maker and an old-school industrial.
General Electric Company (NYSE: GE) failed to wow the market when it reported third-quarter earnings numbers, but one analyst said Monday that he's optimistic that the industrial giant’s free cash flow recovery will really start to gain steam in 2022.
Toward the end of trading opening Tuesday, the Dow traded up 0.17% to 35,800.97 while the NASDAQ rose 0.12% to 15,245.00. The S&P also rose, gaining 0.32% to 4,581.01.
A whale with a lot of money to spend (and possibly insider knowledge) has taken a noticeably bullish stance on General Electric.
Looking at options history for General Electric(NYSE:GE) we detected 18 strange trades.
Midway through trading opening Tuesday, the Dow traded up 0.18% to 35,804.04 while the NASDAQ rose 0.24% to 15,263.65. The S&P also rose, gaining 0.34% to 4,581.95.
According to Benzinga Pro, during Q3, General Electric (NYSE:GE) earned $1.20 billion, a 86.18% increase from the preceding quarter. General Electric also posted a total of $18.43 billion in sales, a 0.82% increase since Q2.