Bullish Analyst Reports For GE Could Push Industrial ETFs Higher
By Market News Video Staff, Monday, October 18, 11:26 AM ET
Both Goldman Sachs (NYSE:GS) and Credit Suisse (NYSE:CS) have grown increasingly bullish on shares of General Electric (NYSE:GE) this week, as each firm has increased their EPS estimates and price targets. While GE shares were lower last week, these investment firms believe the future is still bright at GE.
ETF investors looking to take advantage of this upgrade need to look no further than the Vanguard Industrials ETF (AMEX:VIS). This ETF's portfolio consists of many major industrial company with GE as its largest holding. Another ETF with a disproportional allocation of GE shares is the iShares Dow Jones U.S. Industrial Sector Index Fund (AMEX:IYJ). This ETF holds 246 different stocks with GE accounting for almost 11% of the portfolio.
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