Recent News: Earnings Plungs, Shares Tempting, NBC Universal, and Jeffery Immelt

GE shares tempting after plunge: report
General Electric Co. shares, much cheaper after plunging Friday on disappointing earnings, are poised to rebound as a great play on the continued development of infrastructure globally, Barron's reported in its latest issue....

After GE's Miss, Who’s Next?
have argued for a while that US stocks are generally overvalued, as per my evaluation of General Electric. The only part of GE that has apparently performed well is Infrastructure, Financials, Medical, and Industrial have all proved to be a disappointment...

GE Will Still Shine - Barron's
General Electric’s earnings miss on Friday was a shocker even to management, and market reaction was understandable: GE has rarely disappointed the Street, and the $0.44 EPS was sharply below the $0.51 analysts expected. GE also lowered 2008 guidance from $2.43/share to $2.20-$2.30. Barron’s admits it was overly rosy on GE in June, but says investors shouldn’t throw out GE with the credit crisis bathwater. GE’s gas and wind turbines, jet engines and train units are riding the global infrastructure boom, with infrastructure accounting for 40% of GE’s earnings and a divisional 11% growth in Q1...

NBC revs up, GE stock slumps
NBCU posted a 3% year-over-year gain in operating profit and revenue in the first quarter, but the rosy numbers came against the gloomy backdrop of parent GE's results...

Two Important Lessons from GE's Earnings
In 1896, General Electric was one of the original 12 companies listed on the newly-formed Dow Jones Industrial Average. After 112 years, GE is the only original company remaining in the Dow. So when one of America's most respected — and largest — companies announced that their quarterly profits fell well short of expectations ... and warned that the rest of 2008 wasn't looking so hot ... I perked up...

GE's Immelt 'in the penalty box'?
General Electric's CEO Jeffrey Immelt is facing increasing scrutiny after last week's unpleasant earnings surprise sent the stock down 13%. GE is now trading near its 52-week low of $31.55, and major investors are not pleased...