5 Best Young Stocks to Buy and Hold for 20 Years

3. General Electric Company (NYSE:GE)

Number of Hedge Fund Holders: 68
Total Value of Hedge Fund Holdings: $6.16 Billion

Ranking 3rd in our list of 10 best young stocks to buy and hold for 20 years is multinational conglomerate General Electric Company (NYSE:GE). Boston-based General Electric Company (NYSE:GE) offers various services through aviation, healthcare, power, renewable energy, etc. On May 19, Barclays maintained an Overweight rating on General Electric Company and raised the price target to $16.

General Electric Company (NYSE:GE) posted its revenue of $17 billion in the first quarter of 2021, a 12% decrease from $19.5 billion in the same period of 2020. GE shares currently trade for $13.00 and offer a dividend yield of 0.30%. The 52-week price range of General Electric Company (NYSE:GE) is $5.93-14.42. Shares of GE jumped 78% over the last twelve months. 

There were 68 hedge funds that reported owning stakes in General Electric Company (NYSE:GE) at the end of the first quarter, down from 69 funds a quarter earlier. The total value of these stakes at the end of Q1 is $6.16 billion

Vulcan Value Partners mentioned General Electric Company (NYSE:GE) in its Q1 2021 investor letter. Here is what the fund said:

“General Electric is outperforming our expectations for 2021 as the economic recovery is occurring faster than expected. We are particularly pleased with its free cash flow generation. We are happy to own it in our portfolio.”