Where is General Electric (NYSE:GE) Spending Next?

General Electric (NYSE:GE) has promised to spend about $30 billion on acquisitions, and after investing in Wellstream Holdings, Dresser and most recently John Wood, along with electric cars and their appliance division, they still haven't spent $10 billion yet, and so we can be sure there will be more announcements forthcoming.

Recently GE Vice Chairman John Krenicki said their energy acquisition period was over, saying it was "mission accomplished."

The energy investment was expected, as it's still the top-producing sector General Electric is involved in, including the highest margins.

If we can assume they're going to invest in higher margin sectors, it is probable they'll start looking into the medical equipment field, as that's the second-highest margin business the company is involved in.

They could surprise us with their decision, but it would be odd for them not to focus on industries with high margins and strong, sustainable futures. Energy and medical equipment both fit that bill.

Of course a super deal in another sector could come along and would be too good to pass up. But overall, it seems they'll focus on high-margin sustainable businesses to build up their reputation and business once again.

General Electric was trading at $21.26, falling $0.24, or 1.12 percent, as of 2:36 PM EST.