By all accounts, market perceptions of General Electric Co. (GE) have reached extreme levels. The stock is trading at its lowest levels in almost two years, and famed investor Warren Buffett has made headlines in his decision to sell his entire stake in the company. But when the narrative is this negative, the possibilities for opportunity start to grow. And if you are a dividend investor with a long-term outlook, General Electric’s 3.79% yield remains attractive in the current low-interest rate environment. Supportive economic data have created a favorable macro scenario for this conglomerate to generate earnings growth and a confluence of bullish chart perspectives suggest that the worst could be over for GE. This ultimately means that investors already long stock can start averaging down at current levels. If you have not already taken a bullish stance, contrarian buy positions can be established incrementally as long as markets hold above 23.60.
