Bad call: Wall Street urged caution as GE shares soared


General Electric Co. (GE) has managed to outflank its many detractors; meanwhile, its investors -- who bet against the prevailing Wall Street sentiment -- won big.

Shares of the Fairfield, Connecticut-based conglomerate have surged more than 66 percent over the past six months, outperforming both the Dow Jones industrial average and the S&P 500 Index. But, surprisingly, I see no evidence that any Wall Street analyst raised their ratings on GE stock, so investors who followed their advice lost out on some sizable gains. None of the research published on GE this year had a buy rating, according to data compiled by AOL Money & Finance.