5 Best Diversified Stocks to Invest In

4. General Electric Company (NYSE: GE)

Number of Hedge Fund Holders: 67    

General Electric Company (NYSE: GE) is a Massachusetts-based industrial company that also has interests in the technology business. It is placed fourth on our list of 10 best diversified stocks to invest in.

On May 19, investment advisory Barclays reiterated an Overweight rating on General Electric Company (NYSE: GE) stocks and raised the price target to $16 from $15, noting the improvement in aviation data as a growth catalyst for the firm in the near-term. 

At the end of the second quarter of 2021, 67 hedge funds in the database of Insider Monkey held stakes worth $6.08 billion in General Electric Company (NYSE: GE), down from 68 in the previous quarter worth $6.16 billion.

In its Q1 2021 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and General Electric Company (NYSE: GE) was one of them. Here is what the fund said:

“General Electric is outperforming our expectations for 2021 as the economic recovery is occurring faster than expected. We are particularly pleased with its free cash flow generation. We are happy to own it in our portfolio.”