2010 may be a directionless year for the stock markets so far, but shares of conglomerates are outperforming and more upside is expected. The five largest conglomerates we follow are all higher for the year. We took a look at General Electric Co. (NYSE: GE), 3M Co. (NYSE: MMM), Honeywell International Inc. (NYSE: HON), United Technologies Corp. (NYSE: UTX) and Berkshire Hathaway Inc. (NYSE: BRK-A) to see which conglomerates were outperforming and why. With a mixed bag between the performance of the SPDRs (NYSE: SPY) and DIAMONDS (NYSE: DIA), the performance so far stands out significantly for all of these large companies.
Conglomerates are supposed to offer safety because of their diversification. That is the theory, and the theory seems to be working so far in 2010. They are also generally good for screens when it comes to value investors and dividend investors. We put together a small table here for comparison of the stocks and the performance. If there are any discrepancies over the “listed” December 31, 2010 versus the papers on official closes, it is because the figures below have accounted for the dividend effects in the stocks. We have also shown the year-to-date gains up to the close of Thursday, July 29, 2010 and we even gave an implied upside target to the consensus analyst price objective in the shares.
Read more: 2010 Becomes The Year of the Conglomerates (GE, MMM, HON, UTX, BRK-A, SPY, DIA)
Showing posts with label United Technologies. Show all posts
Showing posts with label United Technologies. Show all posts
Monday, August 2, 2010
Tuesday, March 2, 2010
United Technologies Acquires GE Security and Energy Policy
United Technologies buys GE security operations
HARTFORD, Conn. — United Technologies Corp. says it has completed its $1.82 billion purchase of General Electric Co.'s fire detection and electronic security business.
CEO Louis Chenevert said Monday the acquisition strengthens United Technologies' fire and security business.
United Technologies, parent of jet engine maker Pratt & Whitney, Otis elevator and Sikorsky Aircraft, announced the deal in November.
GE’s Immelt Says U.S. Needs Strong Actions on Energy
The U.S. government must take “strong actions” to stay competitive with countries such as China and Japan in a race to build wind turbines and nuclear reactors, General Electric Co. chief Jeffrey Immelt said.
“Right now we have no certainty around an energy future,” Immelt, GE’s chief executive officer, said today in a speech to the ARPA-E Energy Innovation Conference in Washington’s Maryland suburbs. “Let’s not take this growth industry and give it to every other country in the world but the U.S.”
Asia makes more than half the world’s wind and solar energy equipment, and is gaining ground as U.S. factories lose out to cheaper labor and higher demand for clean energy. China for the first time topped the U.S. in wind-turbine manufacturing and installations last year, the Brussels-based Global Wind Energy Council said yesterday in a report.
Immelt has helped lead the U.S. Climate Action Partnership, or USCAP, a coalition of businesses and environmental groups calling for Congress to put a cap on carbon-dioxide emissions. The group says legislation is needed so companies such as utilities and their suppliers know how to proceed with long-term investments. A measure passed by the House last year has stalled in the Senate.
HARTFORD, Conn. — United Technologies Corp. says it has completed its $1.82 billion purchase of General Electric Co.'s fire detection and electronic security business.
CEO Louis Chenevert said Monday the acquisition strengthens United Technologies' fire and security business.
United Technologies, parent of jet engine maker Pratt & Whitney, Otis elevator and Sikorsky Aircraft, announced the deal in November.
GE’s Immelt Says U.S. Needs Strong Actions on Energy
The U.S. government must take “strong actions” to stay competitive with countries such as China and Japan in a race to build wind turbines and nuclear reactors, General Electric Co. chief Jeffrey Immelt said.
“Right now we have no certainty around an energy future,” Immelt, GE’s chief executive officer, said today in a speech to the ARPA-E Energy Innovation Conference in Washington’s Maryland suburbs. “Let’s not take this growth industry and give it to every other country in the world but the U.S.”
Asia makes more than half the world’s wind and solar energy equipment, and is gaining ground as U.S. factories lose out to cheaper labor and higher demand for clean energy. China for the first time topped the U.S. in wind-turbine manufacturing and installations last year, the Brussels-based Global Wind Energy Council said yesterday in a report.
Immelt has helped lead the U.S. Climate Action Partnership, or USCAP, a coalition of businesses and environmental groups calling for Congress to put a cap on carbon-dioxide emissions. The group says legislation is needed so companies such as utilities and their suppliers know how to proceed with long-term investments. A measure passed by the House last year has stalled in the Senate.
