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So Far, So…Mediocre
Weak.
Remember last week when I said I expected the market to come off a little bit from the recent buying spree, and that it was healthy for the market to behave in such a way? Well, it did, and it was. I expected the market to (hopefully) bounce up again afterwards. It did.
But until Thursday, it has done so with about as much conviction as a handshake from a crying three-year-old.
The market’s behavior in the past month or so has closely resembled that of the “bouncing ball” experiment that most of us did in science class. Each time the…
6Feb2009 | Oxbury Research | 0 comments | ContinuedIncome Investors: Dump GE & Buy This Safer Income Investment Instead
We’ve endured three consecutive weeks of losses for the S&P 500 (.INX). Never fun. But if you’re an income investor, ala Charles Dickens, the worst of times is creating the best of times…
Dividend yields now rest close to 15-year highs. Plus, the premiums from writing covered calls (the only safe options strategy) are significantly higher thanks to the extreme market volatility.
As far as I’m concerned, that’s an attractive one-two income-earning punch we shouldn’t ignore.
So how do we play it?
Not with the usual suspects…
Income Investors: GE Is A Dog at Any Price
There’s something about an adolescent stock price on General Electric…
2Feb2009 | Investment U | 0 comments | ContinuedGE Cuts Earnings Forecasts Amid U.S. Credit Turmoil, Shifts Focus to Industrial Businesses in China
General Electric Co. (GE), yesterday (Thursday) reduced its annual profit forecast for the second time this year and announced plans to reduce dependence on its financial services arm and focus more on the company’s industrial operations, particularly in China.
“GE today revised its earnings guidance for the third quarter, to a range of $0.43 to $0.48 per share from $0.50 to $0.54, reflecting unprecedented weakness and volatility in the financial services markets,†Chief Executive Officer Jeffery Immelt said in a statement.
Story continues below…
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New Look General Electric Aims to Double its China Business by the Decade’s End
General Electric Co. (GE) expects its business in China to double to $10 billion a year by 2010, as the U.S. industrial giant aims to overcome a sputtering U.S. economy by ramping up its emerging-markets focus.
“We’ve seen great growth in China,” GE Chief Executive Officer Jeffrey R. Immelt told journalists at a recent press conference in Beijing. “The whole focus on water and the environment – well, that’s going to offer, we think, big opportunities for us as time goes on.”
At a time when the U.S. economy has been hamstrung by a severe credit crisis, a burst housing bubble, and energy…
9Sep2008 | Money Morning | Comments Off | ContinuedGE Strengthens Its Commitment to Alternative Energy with a $230 Million Solar Power Investment
General Electric Corp. (GE) is strengthening its commitment to clean energy with a $230 million (150 million euros) investment in Spain’s Fotowatio. The investment, made through GE’s Energy Financial Services unit, will amount to a 32% stake in the solar-energy firm.
“By facilitating the growth of one of the solar industry’s leading developers, this investment gives us immediate access to attractive solar markets in Europe and the United States and will form an important part of GE’s broader strategy to become a major player in solar power,†Alex Urquhart, President and CEO of GE Energy Financial Services, said in a statement. “GE…
4Aug2008 | Money Morning | Comments Off | ContinuedWith its Profits Lagging, GE May Have a Deal in the Oven, Analysts Say
While industry insiders say that General Electric Co. (GE) may be looking to sell or spin-off its home-appliance business unit, the move may actually be the first in a series of divestitures designed to unshackle the Corporate America heavyweight from consumer-driven markets.
The rumored decision to shed the century-old business that makes refrigerators, ovens and dishwashers may signal even bigger divestiture deals before the year ends, as GE Chief Executive Officer Jeffrey R. Immelt continues pursuing his strategy of shifting the huge conglomerate out of economically sensitive sectors. Since Immelt announced that plan in December 2002, GE has cut loose more…
17May2008 | Money Morning | Comments Off | Continued
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