This stock has a P/E of 15 and a growth rate of 6.5 percent and add the dividend of 3.5 percent and this stock should have a P/E of 10 not 15. Grossly overbought. This stock will find support at 21.50.
GE in trouble over poor fundamental. This stock will find support by June at 21.50.
If you take next years growth rate (6.5%) and add it to the dividend (3.5%) this should be the current stock if you believe in fundamentals. In other words, this stock should have a P/E of 10%, but it is currently at 18%. A shorters dream with little upside potential and a lot of downside risk.
After the jobs report today, this stock will have a major sell off. No catalyst to buy until 21.50 due to lackluster performance and over-extended PE. If your buying this for the dividend than look elsewhere.
Be careful that small investors do not get sucked into this stock. After 10AM, GE will have large downside due to institutional selling.