GE hasn’t been an innovator in the last 20 years, at least...when you can raise your stock price 17% by falling almost 22% short of consensus EPS estimates, you know you’re dealing with one of the “sick men” in the market...
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General Electric posts fourth-quarter profit, revenue beat; shares riseU.S. industrial conglomerate General Electric Co reported a $666 million profit ... Hmm no increase in pay for workers? That would be great news for Americans... if they paid taxes.
Source: Reuters - 🏆 2. / 97 Read more »
Oil slips on rising U.S. rig count, China industrial slowdownOil prices fell on Monday after U.S. energy firms added rigs for the first time ... These things are both positive news for Generation Y. Fossil fuels create excessive pollution so declining revenues is a good thing. China stole all western jobs which is fine but then we have to pay rent and we need at least some food stamps.
Source: Reuters - 🏆 2. / 97 Read more »
A change in accounting could hit General Electric's stockGeneral Electric's upcoming earnings may contain a fundamental change to the way the industrial conglomerate reports its accounting, a shift which one Wall Street analyst says is long overdue. Achange in accounting could hit General atomic's stock It's a shrinking target
Source: CNBC - 🏆 12. / 72 Read more »