Thats why I'm loading up. Pays divy too.I can't find any info or bad pr that would make this a $15 stock. I'm loadin up. By 2012 it'll be a $20

Just bought in at 15.11, setting an exit at 15.70 to take a couple bucks and a few freebies... But that could just be wishful thinking.

nice past couple of days

That was faster than expected may try to do that again if I find a good entry.

Easiest trades in the world. Buy under $15, sell at $16.

General Electric (GE) downgraded to hold a TheStreet ratings.

 

General Electric estimates, target cut at Citigroup. Shares of GE now seen reaching $19. Estimates also lowered as pricing and margin headwinds are lingering longer than expected.

 

General Electric opens 3 new offices in Iraq

http://www.marketwatch.com/story/general-electric-opens-3-new-offices-in-iraq-2011-11-21

 

General Electric Co. GE -2.20% has opened three new offices in Iraq, furthering the conglomerate's aims of supporting infrastructure development in the war-torn nation.

The new offices are located in Baghdad, as well as in the southern oil and gas hub Basra and Erbil, which is located in the Kurdish regional center in the north. President Barack Obama in October announced he would bring all U.S. forces home from Iraq by the new year, ending a war that stretched nearly nine years.

A spokesperson for General Electric couldn't immediately be reached for further detail on the company's current operations in the country. In a release, however, GE cited a host of its products currently playing a role in the nation's infrastructure projects.

The company said more than 130 of its gas turbines feed Iraq's power grid, helping to limit the impact of chronic electricity shortages. In another instance, GE noted the country's refineries, petrochemical plants, and municipal customers are using its advanced waste water treatment plants.

The company has lately been working to refocus on its industrial roots, plans that have seen the conglomerate undertake a spate of acquisitions aimed at expanding its energy infrastructure business.

Shares were recently off 31 cents to $15.34 amid a broader market downturn.

FAIRFIELD, Conn., Dec 09, 2011 (BUSINESS WIRE) -- The Board of Directors of General Electric Company GE +3.65% today raised the Company's quarterly dividend $0.02 from $0.15 per outstanding share of the Company's common stock to $0.17 per outstanding share of the Company's common stock. The Board declared that the dividend is payable January 25, 2012 to shareowners of record at the close of business on December 27, 2011. The ex-dividend date is December 22, 2011.

 

"We are pleased to increase GE's quarterly dividend for the fourth time in two years as our financial performance continues to accelerate," GE Chairman and CEO Jeff Immelt said. "Our balanced and disciplined capital allocation plan has enabled us to achieve important goals including increasing dividends, redeeming the preferred stock held by Berkshire Hathaway, redeploying our NBCU capital to high growth energy acquisitions and investing in organic growth platforms. We believe that the GE business model will continue to deliver strong earnings and cash flow growth going forward."

Long term what do we think about this possibly going into the $30 range?

wow...insane call volume

 

Any thoughts or anyone watching this $19 level???  Im interested to see the action around $19 - $21 area.

General Electric Profit Beats Forecasts, Revenue Misses

http://www.cnbc.com/id/46062294

 

General Electric reported quarterly profit that beat analysts' expectations but its revenue missed, sending its shares lower in pre-market trading on Friday.

 

The industrials conglomerate [GE  19.15    0.13 (+0.68%)   ] delivered fourth-quarter earnings excluding items of $4.1 billion, or 39 cents per share, up from 36 cents a share in the year-earlier period and compared with analysts' expectations of 38 cents per share.

 

Revenue of $38.0 billion for the quarter and $147.3 billion for the year disappointed analysts' expectations of $40 billion.

 

Quarterly earnings were down from $41.38 billion a year ago, but up 4 percent excluding the impact of the sale of NBC Universal.

 

General Electric is a minority shareholder in NBC Universal, CNBC's parent company.

 

After the announcement, shares of the company fell nearly 3 percent in pre-market trading.

 

"GE's portfolio demonstrated strength and resilience, delivering earnings growth for the seventh consecutive quarter while also generating substantial operating cash flow to support investment in our business and dividend growth," GE chairman and CEO Jeff Immelt said in a statement.

 

"We are confident in our 2012 framework to realize double-digit earnings growth in our Industrial and Capital segments, increase margins and provide dividend growth to our shareholders in line with earnings." 

 

 

The Fairfield, Conn., industrial conglomerate, which makes everything from jet engines to light bulbs, earned $3.73 billion, or 35 cents per share, compared with $4.54 billion, or 42 cents per share a year earlier.

 

Revenue fell 8 percent to $37.97 billion. The decline was largely due to the company's sale of its majority stake in NBC Universal to Comcast[CMCSA  25.87    0.15 (+0.58%)   ] last year. But GE also said it also saw slower growth in Europe, and its ongoing effort to make its GE Capital financing arm more efficient reduced revenue at the unit by 9 percent. GE Capital is the company's second-largest segment.

 

GE said infrastructure orders rose 15 percent in the quarter, leaving it with its biggest-ever order backlog of $200 billion.

 

For all of 2011, the company earned $14.15 billion, or $1.23 per share, up 22 percent compared with $11.64 billion, or $1.06 per share, in 2010.

 

It expects to post double-digit earnings growth this year over last in its industrial and capital segments, but it still expects to see continued economic volatility.

• Get real-time quotes for General Electric here.

 

Edited by Cy McCaffrey - 1/20/12 at 8:57am

WSJ - General Electric Co. reported an 18% drop in fourth-quarter earnings reflecting anemic profit growth at its big industrial businesses and its shedding of a majority stake in NBC Universal last year.

Revenue fell more than expected in the quarter, but Chief Executive Jeff Immelt said on an analysts' call that the Fairfield, Conn., conglomerate remained well positioned to deliver double-digit earnings' growth for its industrial and financial businesses in 2012 despite "challenged" conditions in Europe and a faltering performance by it health-care and home appliance units.

"It's a good quarter. It could have been better," said Mr. Immelt. "I like our momentum."

 

Profit at GE's industrial businesses, which it has been counting on to drive growth as it shrinks GE Capital, ticked up 1.5% in the fourth quarter. Its industrial margin—a worry spot for investors—continued to shrink on a year-over-year basis, coming in at 16.2% in the fourth quarter, compared to 17.6% a year earlier. GE said it aimed to lift industrial margins by a half a percentage point in 2012.

The company noted Friday that revenue was hurt as well by a negative impact from currency exchange rates as well "slower growth in Europe."

Back to the $19 level again.  I like. Lets see if $19 holds as support now.  With a dollar drop, im in anyway, longterm.

Did anyone else grab some free profit from that pinbar???  Love it.

 

After testing $18.80 and if this level will not broke, we have a good potential for go to $17 target.
 

 

If make correction prognose, then next target can be $19.50
 

GE showing way too much relative strength given the current abroad market positioning.. A bounce would put that chart on the hot seat.. I might be looking for a long play here given some other charting related things on GE.... Calls are cheapppp, and most of the puts are being traded below the bid.. Looks like this is on the boards for starting new swing positions on a market bounce. I would go look for another stock to short imo..

General Electric Earnings Beat Wall Street Forecasts

http://www.cnbc.com/id/48247669

Above the $23 today. Nice.  Still holding 150 shares @ 15.71 from a year ago.  Cant believe its been that long.