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The selloff in the oil-field services stock after Larry Culp’s appointment to helm General Electric creates an opportunity
Larry Culp’s installment at the top of General Electric three days ago sparked an impressive rally in the beleaguered conglomerate’s shares. Investors could do better with a piece of it that sank instead: Baker Hughes.
Investors may be wrong to bet that GE might accelerate its plan to dump its stake in the oil-services company. In fact, this is just the kind of asset Mr. Culp might prefer to keep.