Why General Electric Stock Popped Today

Why General Electric Stock Popped Today
Rich Smith, The Motley Fool
·2 min read

The S&P 500 ended in the red today, down more than 1.2%, but one of the biggest industrial stocks on the market -- General Electric (NYSE: GE) -- glowed a healthy shade of green, closing up 3.5%. Back in January, the company reported strong earnings for its fiscal Q4 and full-year 2020, delivering $4.4 billion in positive free cash flow when analysts had only expected $2.5 billion. In its Q4 report, GE announced that it is targeting free cash flow of between $2.5 billion and $4.5 billion this year.