general electric posts
There have been many lessons to learn from the "Great Recession." But while the message is often clear, we can't always muster the courage, discipline or consensus to act on these lessons.
The National Basketball Association (NBA) is about to enter its second season -- the playoffs. And for a Laker fan in Los Angeles, there is much to look forward to. However, the current NBA collective bargaining agreement will end and we will have to witness another battle between the billionaires and the millionaires.
Why can't the NBA learn from other businesses that have successfully maneuvered through economic turmoil to achieve profitability?
Continue reading Chasing Value: The NBA Should Learn from Others
It should surprise no one that oil stocks have taken the lead in the first quarter, while financial stocks -- after a good two-year run -- have been tamed. This is how things have shaped up through the first quarter for my 2011 stock picks. (For a look at my original picks, see here: part 1, part 2,
and part 3
Normally, if I said a business was underwater, investors would think the worst. Actually, in the summer Noble Corp (NE
) was underwater -- and investors were not impressed. However, this was a great buying opportunity, and although the company is still underwater, it is also a market leader among my stock picks and the overall market -- even among oil industry players. With its fleet of 69 offshore drilling rigs, Noble stands tall.
Continue reading Chasing Value: 2011 Stock Picks Q1 Review -- A Platform for Success
With several major developments occurring around the world, many investors may wonder how they could affect their portfolios or their lives. Here are two of the current, newsworthy events and how investors may interpret them.
The oil from Libya totaled about 2 million barrels a day before the revolution, half of which was exported. About 1 million barrels a day are no longer available to the world. That isn't enough to really affect the price of oil for a long period of time. Plenty of other countries can supply that amount without straining their capacity. But they're unlikely to step in to fill the gap when oil prices are above $100 a barrel. That price should recede once the conflict finishes and a more stable government is in place.
Continue reading Comfort Zone Investing: Libya and Japan -- What They Mean for Investors
Political and social change in the Middle East has rattled the oil market -- with crude nearing $100 per barrel, but when conditions on the ground stabilize, the global economic growth story will likely be intact, and that's a good reason to own diversified industrial giant General Electric Company (GE), first discussed on March 2, 2009, at a price of $13.80.
GE's stock has vectored above $20 this winter, pushing $22 before pulling back slightly, but I obviously still like the shares. Here's why:
Continue reading Is General Electric Headed to $25 and Beyond?
Comcast Corporation (CMCSA) reported earnings for the fourth quarter on Wednesday. Today, the company's shares hit a new 52-week high of $25.39 during the intraday session (there's still more than two hours left until the closing bell rings, so that high point could eventually change).
The 52-week low for the cable business is $15.55. The one-year chart tracks the positive momentum of the equity. Will the stock break out to new heights from this juncture?
Continue reading Comcast Attracts Bullish Sentiment Following Latest Report
CBS Corporation (CBS) issued its fourth-quarter report after the bell today. The results should make shareholders happy. Adjusted net income rose an incredible 77% to 46 cents per share, according to the press release. That number went beyond the estimate by two pennies as indicated by TheFly.
Considering how the stock has fared over the past twelve months, one would have expected a good earnings report. The 52-week low for the shares is $12.26 while the 52-week high is $22.25. The chart communicates a company backed by some solid momentum.
Continue reading CBS Tops Estimate in Q4: Buy the Stock?
Based on what I was reading going into the weekend, I thought the multiplex was going to be an unexciting place. I was therefore rather surprised to see what I thought were relatively impressive numbers attached to the top films.
According to early estimates for domestic grosses at Box Office Mojo, Sony's (SNE) Just Go With It, starring Adam Sandler, is so far credited with a first-place showing; the movie is believed to have made about $31 million for the Friday-through-Sunday period. But Viacom's (VIA.B) Justin Bieber: Never Say Never product isn't giving up without a fight. At the time of writing, it was in second place with $30.3 million. Essentially, it's a tie.
Continue reading Viacom's Bieber Film Gives Sony's Sandler Project a Fight
We are only one month into the new year and there have not been many dull moments. Games are going on in the Middle East and they are not the friendly kind. In Egypt a million plus protesters
are playing a game of chicken with the Mubarak government demanding he step down from his 32-year-old reign as perpetual president.
This is not radical Islam fundamentalists; it is even more fundamental. The people want to improve their daily lives in a meaningful way. Education, infrastructure, clean water and clean streets. Speaking of infrastructure and getting back to the less dramatic but still important great stock picks Telefonica (TEF
) and General Electric (GE
) were the big winners so far bouncing over 10% in January.
Continue reading Chasing Value: 2011 Picks Dust the S&P
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?
The earnings season ramps up this week. Analysts polled by Thomson Reuters foresee strong reports from such big names as Apple (AAPL), eBay (EBAY), IBM (IBM), General Electric (GE), Google (GOOG), Schlumberger (SLB) and Southwest Airlines (LUV). And fast on the heels of last week's big earnings beat from JPMorgan Chase (JPM), there will be plenty more results from the financial sector to peruse this week.
Among the financials expected to post double-digit earnings growth this week are Capital One Financial (COF), Morgan Stanley (MS), SLM Corp. (SLM) and U.S. Bancorp (USB), but the week's biggest earnings winner may be Wells Fargo (WFC).
Continue reading Week in Preview: Banks in the Earnings Spotlight
- Verizon (VZ), FEMSA (FMX), Vornado (VNO), Duke Realty (DRE) and AvalonBay (AVB) to buy from neutral, as well as Carnival (CCL) to conviction buy from buy, at Goldman.
- Symantec (SYMC) to buy from hold at Citigroup.
- Copano Energy (CPNO), DCP Midstream (DPM) and Inergy (NRGY) to overweight from equal weight at Morgan Stanley.
- SYNNEX (SNX) to strong buy from buy at Needham.
- Eli Lilly (LLY) to hold from sell at Hapoalim.
- World Wrestling (WWE) to buy from neutral at Roth Capital.
Continue reading Analyst Calls: AKS, CCL, EOG, GE, GS, LLY, SNDK, T, TLB, TUP, VZ, WWE ...
- General Electric (GE) and Barclays (BCS) to buy from neutral at UBS.
- Warnaco (WRC) to outperform from market perform and Melco Crown (MPEL) to market perform from underperform at Wells Fargo.
- Parker-Hannifin (PH) and Emerson Electric (EMR) to buy from neutral at Goldman.
- AMD (AMD) to buy from neutral at Nomura.
- Novellus (NVLS) and Sherwin-Williams (SHW) to equal weight from underweight at Morgan Stanley.
- OpenTable (OPEN) to outperform from market perform at Morgan Keegan.
- Skilled Healthcare (SKH) to buy from hold at Jefferies.
- Lear (LEA) to overweight from equal weight at Barclays.
- Adobe (ADBE) to buy from neutral at BofA/Merrill.
Continue reading Analyst Calls: AMD, BCS, BJ, CVC, EMR, GE, NVLS, PCG, PH, VLO, XOM ...
I have already gone on record this year saying that financial companies and insurance stocks are going to continue to rebound. In my previous two posts Chasing Value: 2011 Stock Picks -- 5 of 11 and Chasing Value: 2011 Stock Picks -- 6, 7, 8, 9, I included several financial institutions. Today I add an insurance company.
The industry got whacked hard for many reasons. For one, it makes a significant amount of profit by investing its float, and like every other investor, the industry lost a pile of money in the financial crisis. It was embroiled more directly than some industries, as several insurers are affiliated with banks. Finally the housing crisis meant disruption to payment streams by homeowners who were delinquent on more than their mortgages.
Continue reading Chasing Value: 2011 Stock Picks -- 10 and 11
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