Thursday, October 9, 2008

Recent News: GE Aviation - NASA, Stock Performance, Earnings Preview, and Technical Analysis

GE Aviation team wins NASA research contract GE Aviation's team is one of several aeronautical companies sharing $12.4 million in NASA study contracts to research future aircraft designs. Under phase one of the program, the teams will each receive about $2 million to conduct 18-month studies, according to a United Press International story. They will be studying advanced concepts in fuel efficiency, among other things...

Foolish Forecast: You Can't Go Wrong With GE
General Electric (NYSE: GE) is heading into its third-quarter earnings report in a very unusual position. Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) guru Warren Buffett just stepped in with a multibillion-dollar investment in the beaten-down giant. Is that enough to turn the tide of woe, or will Tina Fey have to save the day?...

Earnings Preview: General Electric
General Electric (GE) is expected to report Q3 earnings before market open Friday, Oct. 10, with a conference call scheduled for 8:30 am ET. Analysts are looking for EPS of 45c on revenue of $47.71B. There is a tight consensus range of 44c to 45c for EPS, and $45.5B to $48.9B for revenue, according to First Call. The company gave guidance when it reported its Q2 results in July expecting Q3 EPS 50c to 54c vs. consensus of 54c, and FY08 EPS $2.20 to $2.30 vs. consensus of $2.22. However, on September 25, due to the "unprecedented weakness" in the financial service markets the company lowered is Q3 and FY08 EPS guidance. General Electric now expects Q3 EPS of 43c to 48c, and FY08 EPS of $1.95 to $2.10...

Technical Analysis for General Electric
The technical indicators for GE are almost resoundingly bearish, but not completely. There is a glimmer of light, albeit faint, in the chart patterns for GE. General Electric is the grand-daddy of them all, and an excellent barometer of economic and market conditions. The recent concerns offered by GE's management relating to the current depressionary environment have raised many eyebrows, and they have exponentialized the importance of the commentary associated with the earnings release scheduled for Friday. Arguably, cases can be made for fundamental investments in GE...

Can GE Earnings Rescue the Market?
We are set for earnings out of General Electric Co. (NYSE: GE) early Friday morning. If you have been watching the tape and if you have been paying attention to the economic data, it is impossible to expect and solid earnings from the world's largest conglomerate. There are also more things to consider here than just the earnings as GE reflects much of the global economy....

Wall Street crisis hits GE
All eyes will be on GE on Friday when the massive conglomerate and market bellwether reveals earnings that have been hard-hit by recent turmoil in the financial markets...

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