Quint Tatro of Joule Financial and Michael Binger of Gradient Investments discuss on CNBC’s “Trading Nation” latest news on General Electric (NYSE: GE).
Binger said that as the company gets smaller, the market will like it more. He is concerned about the share price as it has doubled from the bottom up and the company has given a lead in the US that was slightly below the consensus. He would not be a buyer at the current price level, and he would wait for lower prices.
Tatro is also not a buyer because there are too many other options. The company is throwing businesses into segments that are finally starting to turn around, Tatro said. While it may seem cheap by many standards, investors should stay away, Tatro added.
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