GE Earnings Friday Morning..

Quote from stocktrader2007:

Its not gonna be good and market might tank again...

Any idea on GE numbers. How bad?
More...

depends, we might get a relief rally, or we might get an assrape. consensus is 36 cents
 
Futures are mostly flat but down a little. I don't think people will have the stomach to hold over the weekend. The tea leaves told me tomorrow will be volatile and down, but the S&P still will not close below 800 (it has closed below 800 only once in almost 6 years, so it's probably a psychologically significant number).
 
For many years, GE's earnings were whatever the F Jack Welch or Jeff Immelt wanted them to be (usually a penny above). Nothing but a Ponzi scheme. GE is going to the low single digits where it belongs.
 
I doubt it. For a Financial company GE is the only one posting a profit and not taking Tarp.

I would say GE is probably the strongest financial stock in the market right now.

10 years from now GE will still be around.

The have announced an increase in cash on the balance sheet to 48 billion up from 16billion.

They will trade at depressed prices for a while though.
 
You must log in or register to reply here.
Back
Top