Posts tagged General Electric

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Here are a couple articles that effect stocks.  Information like this can really help your trading.

Mean Street: The Lost Cause of General Electric and Jeff Immelt (GE)

The stock is trading up eleven cents at $15.72. Yesterday, linking to the story of their big wind turbine order I said:

GE is up a nickel at $15.71. This is one sick stock, I’m starting to think that the only catalyst to bust it out will be Immelt’s departure….

From the WSJ’s Deal Journal:

General Electric CEO Jeff Immelt’s speech on Wednesday at West Point was billed as “Renewing American Leadership.”

But after I read his address, the only thing it renewed were my doubts over Immelt’s past leadership and where he was taking the company.

It certainly is a remarkable speech. Under Immelt’s eight years at the helm, General Electric has lost almost two-thirds of its value. Earlier this year, GE was on the verge of a total meltdown. So was GE’s “leadership” to blame?

Apparently not. It’s American capitalism that’s at fault, Immelt implies. All that “meanness and greed”. Bad rich people. In Immelt’s view, good riddance to the 20th Century “individualistic win-lose game.”   –more

Stock Futures Push Higher on Retail Sales

U.S. stock futures pushed to new session highs Friday morning after November retail sales rose nearly twice as much as expected. After trading about 30 points higher prior to the morning’s sales report, Dow Jones Industrial Average futures recently tacked on 56 points to 10397. Standard & Poor’s 500 futures rose 6.6 to 1104, and Nasdaq 100 futures added 10.5 to 1808.5.   –more

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