General Electric (GE) disappointed Wall Street with its first earnings miss since 2003 on Friday.
Shares dropped 13% and the outlook was not positive. The stock is a good proxy for the U.S. economy given its diversified revenue in financial, healthcare, entertainment, and industrial businesses.
The stock is a good long-term hold given its diversified business and 3.4% dividend.
However the shares do not look like they will go back up to recent levels anytime soon.
The GE miss is a proxy for diversifying investments outside of the U.S. right now.
I have some recommendations in a follow-up post.
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