GE a hot October stock as analysts see COVID-19 vaccine play

• General Electric (NYSE:GE) shares surged this week to their best levels in four months before pulling back, as optimism grows ahead of the company's earnings report on Oct. 28.
• The stock climbed as much as 4% today to $8.03 intraday, the highest price seen since June 9, and has jumped 23% in October, making GE the biggest winner so far this month among the SPDR Industrial Select Sector ETF (NYSEARCA:XLI) and the fourth best performer on the S&P 500.
• Wolfe Research's Nigel Coe also likes what a vaccine could mean for GE's stock and for GE's aviation business, believing the shares are "too cheap" at current levels with Wall Street earnings expectations "well calibrated for this deep trough."
• Coe believes investor sentiment toward GE will move in tandem with global airline capacity, making GE the "most compelling post-COVID play" in the electrical equipment/multi-industry sector.
• https://seekingalpha.com/news/3625486-ge-hot-october-stock-analysts-see-covidminus-19-vaccine-play