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.