TCW: Trust the Transformations at GE, Citigroup

GE may currently be underperforming the S&P 500, but that will soon change once it completes its transformation from a financially dominated company back into an industrially focused one, says Diane Jaffee, portfolio manager for the TCW Relative Value Large Cap Fund. Jaffee says Citigroup has already gone through a transformation in the wake of the financial crisis and its shares will take off once the regulatory environment becomes clearer. Finally, Jaffee is bullish on Pfizer which she says has a strong pipeline and will continue to unlock value by spinning off divisions.