GE stock jumped the most in 3 years Tuesday on anticipated jet engine demand. Why is the gigantic General Electric (GE) finally breaking out? (Note: Typically we would not talk about our parent company, GE on “Fast Money”, but the news has forced the show to address the breakout going on in the company’s stock.)
Eric Bolling says GE represents 2.33% of the Dow and investors are buying Dow stocks right now. It makes sense to him, that GE is up. He adds it’s a good stock.
Jeff Macke says GE has a lot of cash to forward deals and it’s a great company.
Guy Adami adds GE is making up of 5 years of lost time.
Pete Najarian likes GE’s global exposure and the NBC Universal division.
And all the guys agree the smart program at 8pm on CNBC is probably the driving force behind the up-tick. (Just kidding!)
Trader disclosure: On June 19 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:
Najarian Owns (BMY); Bolling Owns (ICE), (NMX), Gold: GE Is The Parent Company Of CNBC
CNBC Is A Service Of NBC Universal And Dow Jones
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