Historically, General Electric (GE) has been a relatively stable company with an extremely steady stock price. However, at almost $20 per share, General Electric has given itself a sizable amount of room to increase its stock price, as just before the financial crisis it found itself at $40 per share. This company has slowly and steadily recovered from that crisis, and I expect it to continue to edge its stock price up over the next few years. Its already near its 52-week high of $21 per share, and it may continue well over that price.
Why do I have so much confidence in GE? Well, the company has recently made some serious innovations to get itself in the healthcare industry. Its innovations here should keep contracts coming in and the company swimming in healthy water for quite some time.
General Electric has renewed important partnerships, while also making new investments that may prove profitable in the near future. General Electric’s Healthcare segment has renewed its partnership with ServiceSource International’s (SREV) Asia-Pacific sector in an effort to increase the renewal of service contracts for medical equipment. ServiceSource is the world’s leader in service revenue management, and General Electric intends to use ServiceSources’ sales experts and cloud-computing applications to boost business.
Since the healthcare industry in Asia is enduring significant growth along with the growing economies and populations, General Electric has the opportunity to take advantage of this market. It will use this partnership to drive its recurring revenue streams, while also gaining more control of the market and finding new customers.To continue reading, click here.