Is It Crazy To Buy General Electric Company (NYSE:GE) And Cisco Systems Inc. (NASDAQ:CSCO)

The shares of General Electric Company (NYSE:GE) has been pegged with a rating of Hold by Gordon Haskett in its latest research note that was published on February 07, 2020. Gordon Haskett wasn’t the only research firm that published a report of General Electric Company, with other equities research analysts also giving their opinion on the stock. BofA/Merrill advised investors in its research note published on January 29, 2020, to Buy the GE stock while also putting a $16 price target. The stock had earned Overweight rating from Morgan Stanley Markets when it published its report on January 23, 2020. That day the Morgan Stanley set price target on the stock to $14. Morgan Stanley was of a view that GE is Equal-Weight in its latest report on September 05, 2019. UBS thinks that GE is worth Neutral rating. This was contained in the firm’s report on July 15, 2019 in which the stock’s price target was also moved to 11.50.

Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 8 believe it has the potential for further growth, thus rating it as Hold while 12 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $13.78. The price of the stock the last time has raised by 72.03% from its 52-Week high price while it is 0.53% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 65.21.

The shares of the company added by 2.41% during the trading session on Wednesday, reaching a low of $12.88 while ending the day at $13.16. During the trading session, a total of 65.42 million shares were traded which represents a -16.86% decline from the average session volume which is 55.98 million shares. GE had ended its last session trading at $12.85. GE 52-week low price stands at $7.65 while its 52-week high price is $13.09.

The company in its last quarterly report recorded $0.21 earnings per share which is above the predicted by most analysts. The General Electric Company generated 27.81 billion in revenue during the last quarter. In the second quarter last year, the firm recorded $0.15 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 33.33%. General Electric Company has the potential to record 0.58 EPS for the current fiscal year, according to equities analysts.

Investment analysts at BofA/Merrill published a research note on January 08, 2020 where it informed investors and clients that Cisco Systems Inc. (NASDAQ:CSCO) is now rated as Neutral. Barclays also rated CSCO as Upgrade on December 19, 2019, with its price target of $53 suggesting that CSCO could surge by 4.53% from its current share price. Even though the stock has been trading at $49.13/share, analysts expect it to surge by 1.63% to reach $52.30/share. It started the day trading at $50.28 and traded between $49.40 and $49.93 throughout the trading session.

A look at its technical shows that CSCO’s 50-day SMA is 47.17 while its 200-day SMA stands at 50.27. The stock has a high of $58.26 for the year while the low is $43.40. The stock, however, witnessed a rise in its short on 01/31/20. Compared to previous close which recorded 35.48 M shorted shares, the short percentage went higher by 5.16%, as 37.31M GE shares were shorted. At the moment, only 0.84% of Cisco Systems Inc. shares were sold short. The company’s P/E ratio currently sits at 18.37, while the P/B ratio is 6.16. The company’s average trading volume currently stands at 19.91M shares, which means that the short-interest ratio is just 1.78 days. Over the past seven days, the company moved, with its shift of 3.05%. Looking further, the stock has raised 3.80% over the past 90 days while it lost -5.29% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The The Vanguard Group, Inc. bought more CSCO shares, increasing its portfolio by 0.07% during the last quarter. This move now sees The The Vanguard Group, Inc. purchasing 254,132 shares in the last quarter, thus it now holds 344,452,947 shares of CSCO, with a total valuation of $15,834,501,974. BlackRock Fund Advisors meanwhile bought more CSCO shares in the recently filed quarter, changing its stake to $9,744,651,047 worth of shares.

Similarly, SSgA Funds Management, Inc. increased its Cisco Systems Inc. shares by 0.61% during the recently filed quarter. After buying 187,545,264 shares in the last quarter, the firm now controls 1,132,414 shares of Cisco Systems Inc. which are valued at $8,621,455,786. In the same vein, Wellington Management Co. LLP increased its Cisco Systems Inc. shares by during the most recent reported quarter. The firm sold 1,303,371 shares during the quarter which increased its stakes to 65,902,004 shares and is now valued at $3,029,515,124. Following these latest developments, around 0.10% of Cisco Systems Inc. stocks are owned by institutional investors and hedge funds.