Why General Electric Stock Surged in February
Shares of industrial conglomerate General Electric (NYSE: GE) rose 17.4% in February according to data from S&P Global Market Intelligence. The move really comes down to two things.
First, it builds on the back of a well-received earnings report released at the end of January. In a nutshell, GE's turnaround is progressing quicker than the market had expected and the company's guidance for $2.5 billion to $4.5 billion in free cash flow (FCF) in 2021 surprised Wall Street analysts on the upside -- the consensus forecast had been for $2.8 billion.
Image source: Getty Images.
Source Fool.com
