In the program “FM Traders” on CNBC, experts discussed the stocks that can catch up in the coming months and have a potential to grow. CNBC’s Guy Adami chose General Electric Company (NYSE:GE) and Dan Nathan went with Twitter Inc (NYSE:TWTR). Adami said that although the company was not able to perform well in the market for many years, it has certain areas of growth which can provide it enough boost in the future.
“[…] He [Jeffrey R. Immelt] is a great CEO with a stock that has not performed now for many years, unfortunately many years, and I think part of the problem is they still lump GE Capital in, with General Electric Company (NYSE:GE) but they are trying to get into more of the industrial side of the things, you see the Alstom deal, they spun off Synchrony Financial so I think they are getting to be where Honeywell is already […],” said Adami.
Adami said that although General Electric Company (NYSE:GE) didn’t perform well in the last quarter, it still has a reasonable valuation and areas that have a unique potential to grow in the market.
Dan Nathan’s catch-up pick is Twitter Inc (NYSE:TWTR). He thinks that Twitter Inc (NYSE:TWTR)’s latest valuation can be a potential catalyst in the company’s growth. Nathan said that the US Open is kicking off this week and if Twitter Inc (NYSE:TWTR) succeeds in getting the same amount of engagement and activity as it got during the World Cup, it will experience a lot of growth in the third quarter.
Georgo Soros’ Soros Fund Management is a shareholder of Twitter Inc (NYSE:TWTR), having 150,000 shares of the company. Ken Fisher of Fisher Asset Management is one of the biggest shareholders of General Electric, with approximately 30.7 million shares of the company.