GE’s stock surges again toward a 4-day win streak, after a record monthly rally in November

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Shares of General Electric Co. climbed 1.5% in afternoon trading, putting them on track to close above the $11 mark for the first time in nine months. The stock has now gained 8.8% amid a four-day win streak, which was helped along by a more bullish outlook from Oppenheimer analyst Christopher Glynn on Friday. The recent gains follow a record-setting November for the industrial conglomerate’s stock, in which it soared 37.2% to mark the biggest monthly gain FactSet has on record, which goes back to January 1972. In recent weeks, analysts have touted GE as both a play on a COVID-19 vaccine given its exposure to the aerospace sector and a company that could also benefit from the COVID-19 pandemic given its GE Healthcare businesses. GE stock’s November gain compares with the SPDR Industrial Select Sector ETF’s 16.0% rally last month and the S&P 500’s 10.8% gain.
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