Why General Electric Stock Is Up Today
Shares of General Electric (NYSE: GE) gained more than 5% on Monday after Boeing (NYSE: BA) received an important new order for its 737 MAX aircraft. A GE joint venture makes the engines for the MAX, meaning an increase in orders for the plane should benefit GE as well.
General Electric shareholders have endured a prolonged period of underperformance, with the stock off by more than 52% over the past five years. That's actually an improvement over where the stock was a few years ago, as investors are beginning to see the benefits of a long-running restructuring plan.
Image source: General Electric.
Source Fool.com
