Shares of General Electric Co. have outperformed their industrial peers and the broader stock market by a wide margin this year, but J.P. Morgan analyst Stephen Tusa cautioned investors into reading too much into the bounce, which he said was based on “hope” rather than any real news.
In a research note titled, “GE YTD outperformance: A show about nothing…for now,” Tusa played down any perceived positives stemming from recent reports that GE was in talks to sell its GE Capital Aviation Services (GECAS) business.
