Wow. General Electric Company (GE) is up 7.9% to $19.89 as I write this. Volume is strong. I wish I could say I was participating in today's rally, but alas, I am not. Late last year, I sold out of my GE position, as I explain in this article. I obviously could have sold at a higher price, but hey, I needed to sell when I did; that's just how it goes.

I like the price action I'm seeing, and I believe the Q4 profit report was solid. According to the Associated Press, continuing operations captured 36 cents per share, four pennies above the projection. Probably of more significant note in some respects is the top-line performance: the AP stated that net sales increased on a year-over-year basis, a feat that hasn't been observed for quite a while.

Continue reading GE's Electric Rise After Q4 Report: Take Profits or Not?

GE's Electric Rise After Q4 Report: Take Profits or Not? originally appeared on BloggingStocks on Fri, 21 Jan 2011 17:00:00 EST. Please see our terms for use of feeds.

Continue reading U.S. Stock Futures Higher as GE Reports Upbeat Earnings

U.S. Stock Futures Higher as GE Reports Upbeat Earnings originally appeared on BloggingStocks on Fri, 21 Jan 2011 08:30:00 EST. Please see our terms for use of feeds.

Short and sweet -- General Electric (GE) reported higher profits on slower sales with a positive outlook.

The company reported earnings of $3.2 billion, with EPS of 29 cents, up 32% from the third quarter of 2009. This is the second quarter (oh boy, a streak!) GE increased orders, displaying continuing-earnings growth. Revenue was $35.9 billion for the quarter, down 5% on lower equipment sales and reduced GE Capital assets. GE expects fourth-quarter 2010 Industrial revenues to grow sequentially from third quarter and to be about flat with the year-ago period.

Continue reading Chasing Value: GE Reports -- Good News, Finally?

Chasing Value: GE Reports -- Good News, Finally? originally appeared on BloggingStocks on Fri, 15 Oct 2010 10:00:00 EST. Please see our terms for use of feeds.

The earnings season kicked off last week with better-than-expected results from Alcoa (AA) and Yum! Brands (YUM), while Marriott (MAR) and Pepsico (PEP) met consensus EPS estimates. This week, bellwether companies Intel (INTC), General Electric (GE), Google (GOOG) and JPMorgan Chase (JPM) are scheduled to report their third-quarter results, and analysts polled by Thomson Reuters are looking for earnings growth from all of them.

Santa Clara, Calif.-based Intel announced the acquisition of McAfee and joint ventures with General Electric and Nokia (NOK) during its third quarter. Analysts forecast earnings for that period to come to 50 cents per share, which is up 34.0% from the same period of last year. The number one semiconductor maker's revenue for the three months ended in September is expected to total $11.0 billion, or 17.1% more than a year earlier. Looking ahead to the full year, the forecast thus far is for earnings of $1.94 per share (+44.8%) and $43.3 billion in revenue (+23.4%). The per-share earnings topped analysts' expectations in the past four quarters, by as much as a dime per share.

Continue reading Week in Preview: Earnings Expectations for Intel, GE, Google and JPMorgan

Week in Preview: Earnings Expectations for Intel, GE, Google and JPMorgan originally appeared on BloggingStocks on Sun, 10 Oct 2010 12:30:00 EST. Please see our terms for use of feeds.

General Electric (NYSE: GE) was a darling of Wall Street for a couple of decades under the tutelage of legendary CEO Jack Welch. Mr. Welch retired in September 2001 turning the reins over to hand-picked successor Jeffrey Immelt. Give Immelt a break for the first 18 months as he had to guide the company through the 9-11 tragedy and of course the normal honeymoon period. Since that grace period expired in early 2003, GE has severely under performed the market and time has come for Mr. Immelt to hand the reigns over to someone else.

It is very difficult following a "legend" as Jack Welch. Many business schools model a course or two on management based on Welch's methods of letting an executive run a division creatively and freely--just return the expected numbers and all is well. Jack Welch "raised" Jeffrey Immelt in this style and picked him as the CEO to replace himself. The styles however were not transferable. Times and the global landscape have changed since Welch's departure.

Continue reading GE's Immelt should go now

GE's Immelt should go now originally appeared on BloggingStocks on Fri, 11 Apr 2008 16:31:00 EST. Please see our terms for use of feeds.

Continue reading GE's 3rd Quarter Earnings Report Webcast Summary

GE's 3rd Quarter Earnings Report Webcast Summary originally appeared on BloggingStocks on Fri, 13 Oct 2006 15:30:00 EST. Please see our terms for use of feeds.