General Electric (NYSE: GE) stock has been a top performer for investors throughout 2021.
General Electric has proven to be an excellent investment for shareholders over the last 12 months.
In this article, we delve into what the company is, what its future investment prospects are, and we also provide our list of the two best places to buy General Electric shares in the UK and elsewhere.
Where to buy General Electric stock online
If you want to invest in General Electric, or any other stock for that matter, you should choose a stockbroker, sign up, fund your account and buy GE stock.
To help you choose a broker that suits your financial goals, we have listed two of the best options below:
eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.
Financial company driven by technology and offering all-in-one self-directed investment platform that provides excellent user experience.
What is General Electric?
Founded in New York way back in 1892, General Electric is a multinational American conglomerate that operates through a variety of segments including aviation, renewable energy, power, healthcare, additive manufacturing, venture capital and finance, and digital industry. The company generates over $75 billion in revenue per annum.
Should I buy GE shares?
The company has outperformed over 80% of other stocks in the last year, demonstrating its strong shareholder value creation.
The main catalyst behind the recent surge is a tweet by CNBC reporter Phil LeBeau, stating ‘GE Aviation and Safran to develop new commercial airplane engine that will be 20% more fuel efficient and have 20% lower emissions. CFM plan is to have engine in service by mid 2030’s.’
The company is rapidly evolving into a more streamlined, cost-efficient version of its former self, and with its diversified revenue streams and strong track record, it could be a good option for value investors looking to make a stable, secure financial play that can cope even in difficult market conditions.