General Electric shares are up more than 16 percent to begin the year but Wall Street's top analyst on the stock told investors Thursday that this run has been 'a show about nothing.'
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A Giant Foundation Buys GE and Amazon Stock, and Sells Microsoft and AppleWellcome Trust, which funds biomedical and health research, also slashed holdings in Schlumberger stock. Wellcome spends more than any other charity except for the Bill and Melinda Gates Foundation.
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After spinoffs, what remains of GE could be worth just $2 a share or maybe even zero, analyst saysGeneral Electric has spun off several businesses to generate cash and shrink its footprint but one Wall Street analyst thinks its divestitures may have gone too far.
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A Giant Foundation Buys GE and Amazon Stock, and Sells Microsoft and AppleWellcome Trust, which funds biomedical and health research, also slashed holdings in Schlumberger stock. Wellcome spends more than any other charity except for the Bill and Melinda Gates Foundation.
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