Earnings Ahead for Outperforming General Electric Stock

The stock has an upbeat post-earnings history over the past 2 years

Deputy Editor
Jul 21, 2023 at 11:07 AM
facebook X logo linkedin

General Electric Co (NYSE:GE) is throwing its hat into the earnings ring before the open on Tuesday, July 25, in which analysts expect the company to post second-quarter profits of 46 cents per share. Over the past two years, GE has turned in positive post-earnings sessions in five of the last eight reports. The stock has averaged a 3.4% next-day move, regardless of direction, which is lower than the 5.4% the options pits are pricing in this time around. 

On the charts, General Electric stock has been rallying with help from its 40-day moving average. Fresh off a July 17 five-year peak of $112.15, the equity is up 70.8% year-to-date. At last glance today, the stock was trading flat at $111.24. 

Options bulls have been chiming in on the outperformance. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), GE's 50-day call/put volume ratio of 1.48 ranks higher than 96% of readings from the past year. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI