On Wednesday, General Electric rallied as much as 8% to $8.18 a share.
Business Insider reports the company is outperforming the broader market on the first trading day of 2019.
The iconic industrial giant had a tough year in 2018.
In 2018, GE lost more than half its value.
The JPMorgan analyst Stephen Tusa, a long-term bear on General Electric, gave a rare upgrade on the stock's rating in December.
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