GE Earnings Anticipation

In a few days, one of America’s biggest companies, General Electric Company (NYSE:GE), is expected to report earnings.  On Friday GE will announce Q3 earnings before the market open.  Everyone is hoping for a positive earnings call that will allow this stock to continue its uptrend.

Today, traders have already dropped GE shares down -1% to $16.16 after it was recently pushed higher with some gap-up days at the market open.  The chart does not lend itself well to interpretation since the gap-up days imply some strength in the stock, but after the gap-up openings the stock has generally trended down for the rest of the trading days.  Then, in the past few days, it seems the stock is churning without making much progress in either a negative or positive direction.

According to analysts, General Electric Company (NYSE:GE) is projected to post a third-quarter gain of 20 cents a share, which is down a penny from 90 days ago. In the year-ago quarter, GE earned 45 cents per share on revenue of $47.2 billion. The analysts’ consensus recommendation on the stock is that of a hold.

It appears that the stock has indeed bottomed after the March meltdown of the broad market.  GE is a strong, long-term company and will likely be sticking around for years to come.  This stock may be a good buy on any weakness that brings the stock down to the $15 level.  If earnings disappoint, it might be wise to allow the market to react and then pounce, buying shares at a nice discount.  If earnings meet expectation or surprise, then we would anticipate the rally on GE to continue and the trend to continue for the stock price.

General Electric Company (NYSE:GE) is a conglomerate company for technology, media & financial services company, with products & services ranging from aircraft engines, power generation, water processing & security technology to medical imaging, business & consumer financing, media content & industrial products.