Why blue chips will bounce back
For many years, investors took it on faith that a portfolio of big blue-chip stocks - chockfull of familiar names like General Electric and Coca-Cola - was the surest path to investing success. Why get cute with complicated stuff like foreign equities or small-cap shares when you could invest in well-known, industry-leading companies, sleep well at night and watch your portfolio steadily grow?...
GE tumbles 8 percent on financial worry
General Electric Co shares tumbled for a second straight trading day on Monday, hitting a five-year low as investors scrambled to reduce their exposure to the financial sector following the bankruptcy of Lehman Brothers Holdings Inc...
GE shares hit new five-year low on financial jitters
The Fairfield, Conn., conglomerate operates one of the largest financial-services companies in the U.S., making up about 45% of its overall business, with the rest coming from its industrial products and services side. Shares plunged nearly 10% in early trading to bottom at $22.16, its lowest point since March 2003. Later in the morning, however, the stock rose back to $25 on word the U.S. government may consider funding for AIG to help keep the insurer solvent...
GE shares slide for 3rd consecutive session
Shares of General Electric Co. opened lower Tuesday, extending a losing streak for a third consecutive session. Shares closed down 5 percent Friday as worries about the financial sector added to fears about GE's inability to sell its private-label credit card business...
GE shares down, CEO sees no need to panic
General Electric Co shares tumbled 6.6 percent on Wednesday, even as the conglomerate's chief executive said people should be "concerned but not panicked" about the financial crisis. GE has lost about 17 percent of its market value, or $46.7 billion, over the past week, as the bankruptcy of investment bank Lehman Brothers Holdings Inc and a U.S. government bailout of insurer American International Group Inc spooked investors....
GE's slide continues on financial unit worries
Shares of General Electric Co. dropped 9 percent Wednesday, hurt by investor worries about its financial services unit amid the global credit crisis. Analyst C. Stephen Tusa Jr. of JPMorgan said in an investor note Wednesday that he expects GE's finance business to decline by between 5 percent and 10 percent next year. He previously said growth would be flat, but now says that estimate "looks unrealistic."...
Analyst: GE doesn't need to sell credit unit
An analyst at Stern, Agee & Leach Inc. said that General Electric Co. does not need to sell its private label credit card business given the market's instability. Shares of General Electric, which hit a 5-year low Tuesday, have come under pressure in recent days as investors worried that earnings at its GE Capital unit could face the same challenges as other financial services firms...
GE shares reverse slide
Shares of General Electric Co. traded higher Tuesday, reversing a two-day losing streak.
Shares closed down 5 percent Friday as worries about the financial sector added to fears about GE's inability to sell its private-label credit card business....
Showing posts with label Lehman Bros. Show all posts
Showing posts with label Lehman Bros. Show all posts
Thursday, September 18, 2008
Recent News: Stock Performance
GE tumbles as investors fret over financial stocks
Shares of General Electric Co. fell 7.5 percent Monday, extending their Friday declines on fears that its financial business would be hit by the collapse of Lehman Brothers and shakiness at other banks. Lehman Brothers Holdings Inc. has filed for Chapter 11 bankruptcy protection while Merrill Lynch & Co agreed to sell itself to Bank of America Corp. in an all-stock transaction worth about $50 billion to avoid more losses....
GE Sinks Over GE Capital Worries
THE FINANCIAL STORM TODAY is engulfing General Electric (ticker: GE), whose shares are off $1.71 to $25.04, as investors worry about higher funding costs at GE Capital Services and asset-quality issues at the finance unit. A key problem for GE is that GE Capital is an enormous borrower with some $540 billion of debt outstanding at the end of the second quarter. With GE Capital credit-default swaps trading at about 3 percentage points today, double recent levels, the company's financing costs may soon rise, squeezing profit margins....
GE tumbles on financial worry
General Electric Co. shares tumbled for a second straight trading day on Monday to a five-year low as investors scrambled to reduce their exposure to the financial sector following the bankruptcy of Lehman Brothers Holdings Inc. The decline of 5 percent on the day pushed GE's market capitalization to $251.5 billion, $1 billion above that of Microsoft Corp the third largest U.S. company by market capitalization....
Shares of General Electric Co. fell 7.5 percent Monday, extending their Friday declines on fears that its financial business would be hit by the collapse of Lehman Brothers and shakiness at other banks. Lehman Brothers Holdings Inc. has filed for Chapter 11 bankruptcy protection while Merrill Lynch & Co agreed to sell itself to Bank of America Corp. in an all-stock transaction worth about $50 billion to avoid more losses....
GE Sinks Over GE Capital Worries
THE FINANCIAL STORM TODAY is engulfing General Electric (ticker: GE), whose shares are off $1.71 to $25.04, as investors worry about higher funding costs at GE Capital Services and asset-quality issues at the finance unit. A key problem for GE is that GE Capital is an enormous borrower with some $540 billion of debt outstanding at the end of the second quarter. With GE Capital credit-default swaps trading at about 3 percentage points today, double recent levels, the company's financing costs may soon rise, squeezing profit margins....
GE tumbles on financial worry
General Electric Co. shares tumbled for a second straight trading day on Monday to a five-year low as investors scrambled to reduce their exposure to the financial sector following the bankruptcy of Lehman Brothers Holdings Inc. The decline of 5 percent on the day pushed GE's market capitalization to $251.5 billion, $1 billion above that of Microsoft Corp the third largest U.S. company by market capitalization....
Monday, September 15, 2008
Recent News: Stock Performance, Lehman Bankruptcy, and China Headquarters
Citi Maintains 'Hold' Rating on General Electric (GE), Sees Risk to Earnings
Citi analyst says, "The collapse of Bear Stearns in late Q1 contributed to GE's Q1 earnings miss and now the late Q3 failure of Lehman Bros. and struggles at AIG are causing concerns about another GE miss. GE does need to continue selling real estate to make its H2 guidance, but re-affirmed its Real Estate guidance last night. However...
GE tumbles as investors fret over financial stocks
Shares of General Electric Co. fell 6.5 percent Monday, extending their Friday declines on fears that its financial business would be hit by the collapse of Lehman Brothers and shakiness at other banks...
GE Capital's CDS spreads widen 139 bps-Markit
The cost of protecting General Electric Capital's debt with credit default swaps surged on Monday after the bankruptcy of Lehman Brothers...
GE seeks to reassure investors
General Electric Co. said its financial services units didn't need to raise external capital, affirmed its profit forecast for the commercial real estate unit and said its consumer-finance division, GE Money, had "adequate reserves."Profit at the finance units, collectively known as GE Capital, was $5.2 billion in the first half of 2008, General Electric said in a memo posted on its website in an effort to reassure investors amid "extraordinary market conditions."...
GE to launch 5 regional headquarters in China
The U.S. giant now operates two regional headquarters in Shanghai and Beijing. The new locations will be in Shenyang, Wuhan, Chengdu, Xi'an and Guangzhou -- provincial capitals in the country's northeast, central, southwest, northwest and south, according to Chen Xiangli, president of China Technology Center under GE...
Citi analyst says, "The collapse of Bear Stearns in late Q1 contributed to GE's Q1 earnings miss and now the late Q3 failure of Lehman Bros. and struggles at AIG are causing concerns about another GE miss. GE does need to continue selling real estate to make its H2 guidance, but re-affirmed its Real Estate guidance last night. However...
GE tumbles as investors fret over financial stocks
Shares of General Electric Co. fell 6.5 percent Monday, extending their Friday declines on fears that its financial business would be hit by the collapse of Lehman Brothers and shakiness at other banks...
GE Capital's CDS spreads widen 139 bps-Markit
The cost of protecting General Electric Capital's debt with credit default swaps surged on Monday after the bankruptcy of Lehman Brothers...
GE seeks to reassure investors
General Electric Co. said its financial services units didn't need to raise external capital, affirmed its profit forecast for the commercial real estate unit and said its consumer-finance division, GE Money, had "adequate reserves."Profit at the finance units, collectively known as GE Capital, was $5.2 billion in the first half of 2008, General Electric said in a memo posted on its website in an effort to reassure investors amid "extraordinary market conditions."...
GE to launch 5 regional headquarters in China
The U.S. giant now operates two regional headquarters in Shanghai and Beijing. The new locations will be in Shenyang, Wuhan, Chengdu, Xi'an and Guangzhou -- provincial capitals in the country's northeast, central, southwest, northwest and south, according to Chen Xiangli, president of China Technology Center under GE...
Of Interest: Lehman Brothers file Chapter 11 - Markets Fall
Markets in turmoil by Lehman failure and Merrill sale
Global markets plummeted on Monday after investment bank Lehman Brothers filed for bankruptcy protection, rival Merrill Lynch agreed to be taken over and the Federal Reserve threw a life line to the battered financial industry.
As a deepening crisis took new, bigger victims, The U.S. Federal Reserve said for the first time it would accept stocks in exchange for cash loans and 10 of the world's top banks agreed to establish a $70 billion emergency fund, with any one of them able to tap up to a third of that.
On a black Sunday for Wall Street, frantic attempts to find a rescuer for Lehman failed, and troubled insurer American International Group asked the Fed for a lifeline, according to news reports.
Global markets plummeted on Monday after investment bank Lehman Brothers filed for bankruptcy protection, rival Merrill Lynch agreed to be taken over and the Federal Reserve threw a life line to the battered financial industry.
As a deepening crisis took new, bigger victims, The U.S. Federal Reserve said for the first time it would accept stocks in exchange for cash loans and 10 of the world's top banks agreed to establish a $70 billion emergency fund, with any one of them able to tap up to a third of that.
On a black Sunday for Wall Street, frantic attempts to find a rescuer for Lehman failed, and troubled insurer American International Group asked the Fed for a lifeline, according to news reports.
Recent News: Stock Performance, Ex-GE Worker was a spy, and Dividends
GE (GE) Down 6%: Nothing Is Sacred
Wall St. might make the argument that GE (GE) has more exposure to the credit markets than most huge companies because of its financial division. But, the current hammering of the shares may have gotten out of hand....
GE Falls Most Since April, Dragged by Lehman, AIG
General Electric Co. fell the most in New York trading since cutting its annual forecast five months ago, dragged down by financial stocks including American International Group Inc. and Lehman Brothers Holdings Inc. ...
Movers roundup: Panera Bread, GE
Shares of General Electric Co. fell 5 percent Friday, which an analyst attributed to nervousness at the conglomerate's inability to sell its private-label credit card business....
Ex-GE worker admits he was a spy
A former Schenectady man involved in the most famous espionage case of the 20th century has for the first time acknowledged giving military information to the Soviet Union, according to Thursday’s New York Times....
Dividend growth power
Venerable blue-chip companies such as General Electric and Boeing deserve your attention — for their dividends...
GE slides on worries over credit card unit sale
Shares of General Electric Co. fell 5 percent Friday, which an analyst attributed to nervousness at the conglomerate's inability to sell its private-label credit card business...
Wall St. might make the argument that GE (GE) has more exposure to the credit markets than most huge companies because of its financial division. But, the current hammering of the shares may have gotten out of hand....
GE Falls Most Since April, Dragged by Lehman, AIG
General Electric Co. fell the most in New York trading since cutting its annual forecast five months ago, dragged down by financial stocks including American International Group Inc. and Lehman Brothers Holdings Inc. ...
Movers roundup: Panera Bread, GE
Shares of General Electric Co. fell 5 percent Friday, which an analyst attributed to nervousness at the conglomerate's inability to sell its private-label credit card business....
Ex-GE worker admits he was a spy
A former Schenectady man involved in the most famous espionage case of the 20th century has for the first time acknowledged giving military information to the Soviet Union, according to Thursday’s New York Times....
Dividend growth power
Venerable blue-chip companies such as General Electric and Boeing deserve your attention — for their dividends...
GE slides on worries over credit card unit sale
Shares of General Electric Co. fell 5 percent Friday, which an analyst attributed to nervousness at the conglomerate's inability to sell its private-label credit card business...
Wednesday, April 18, 2007
Current & Recent Analyst Stock Ratings
- General Electric "buy" - Hillard Lyons (newratings)
- General Electric “outperform” - Credit Suisse (newratings)
- General Electric "overweight" - Prudential (newratings)
- General Electric "overweight" - Lehman Bros. (newratings)
- General Electric "buy" - UBS (newratings)
- General Electric “outperform” - Credit Suisse (newratings)
- General Electric "overweight" - Prudential (newratings)
- General Electric "overweight" - Lehman Bros. (newratings)
- General Electric "buy" - UBS (newratings)
