Posts Tagged ‘GE’

At the opening I added AXP (American Express) to my portfolio. Together with BAC (Bank of America) and GE (General Electric) I think I have an amazing group of Blue Chip stocks that have:

a) been hit particularly hard by the current downturn
b) stand to return to record highs – once markets recover their sanity

-One day into my investment AXP is already up 18%.
-Three weeks in BAC (75% of my overall investment) is up over 120% – and gained over 20% today.
-Three weeks in GE is up over 50% and gained nearly 10% today.

Not a bad start. I don’t expect the gains to be as large and as quick forever, but I expect a steady upward slope for the next 2 years+ or until the stocks are back to record highs, whichever comes first.