5 Industrial Stocks That Are Must Buys According to Caxton Associates

2. General Electric Company (NYSE:GE)

Value of Caxton Associates’ 13F Position: $5.15 million

Number of Hedge Fund Shareholders: 53

Caxton Associates raised its position in General Electric Company (NYSE:GE) by 19% during Q1, lifting it to 56,280 shares. The fund also has a larger put position in the stock. Hedge fund ownership of GE is down by 27% over the past year, as numerous funds that bought into the stock when it hit decades-long lows in 2020 quickly sold it off again upon its subsequent gains. Shares of GE are nonetheless still down by 70% over the last five years.

General Electric Company (NYSE:GE) is facing supply chain pressure across several of its segments, including renewables, aviation, and healthcare. Healthcare was significantly affected, with the segment’s quarterly growth coming in at just 1%, which management claimed could have been 9% without the supply chain woes.

Those broad challenges prompted General Electric Company (NYSE:GE) to warn investors during its Q1 conference call that its results were trending towards the low end of its 2022 guidance. On the positive side, GE does have a growing, $240 billion backlogs that should eventually come home to roost on its balance sheet once it can iron out its supply chain issues.