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Money Morning Executive Editor Bill Patalon has been covering GE stock for over 20 years - and he's not giving up just yet.
In fact, he's seeing a potential profit opportunity for GE stock now - but only if you're willing to look long term.
The General Electric Co. (NYSE: GE) stock price jumped more than 4% to $26.63 Monday after activist investor Nelson Peltz revealed he has accumulated a sizable stake in the global conglomerate.
Peltz says GE could returns 40% of its current market value to shareholders by 2018.
We've watched GE shed financial operations at a quick clip in 2015. The American juggernaut wants to be all-industrial to "clean up its act" with investors, but its move to unload a $5 billion Japanese commercial credit division is like throwing out the baby with the bathwater.
Stocks ended last week back near all-time highs after a string of more bad economic news. At this point in an aging bull market, that's like saying stupid is smart, black is white, or Hilary Clinton has not been running for President since stepping down as Secretary of State.
Not only is bad economic news problematic for the market, but it is being rendered even worse by the policy response by central banks who are destroying the value of money and regulators who have drained markets of liquidity.
The Q3 earnings parade on Wall Street continues Friday. This week brought a barrage of earnings. The financial industry was heavily represented, along with a number of key bellwethers in several sectors.
Today's hot stocks to watch include a couple of major global infrastructure companies, a key investment bank, a freight rail transporter, and more.
Stock market close, July 31, 2014: U.S. markets plummeted Thursday in a broad decline, with the Dow Jones shedding 317 points in a broad sell-off.
Meanwhile, the S&P 500 fell below its 50-day moving average, erasing all of July's gains as concerns in global markets hammered stocks. The Chicago Board Options Exchange Volatility Index (VIX) jumped more than 26% to an intraday high of 16.98, the highest level since April.
With interest rates at an all-time low, high-yield dividend stocks have replaced bonds as the best option to provide a stream of income in a portfolio. What's more, they deliver the added perk of equity ownership for potential growth. But dividend yield can also be a trap - if a company's share price drops because it's not performing well, while the dividend remains the same, the percent yield will rise. That's why investing based on high-yield as the sole metric isn't always wise.
To get around that problem, investors can examine other metrics besides yield.
On Friday morning, General Electric Co. (NYSE: GE) met Wall Street expectations when it reported second quarter earnings ahead of the bell, sending GE stock up more than 1% in pre-market trading.
After the markets got slammed yesterday (Thursday), falling 161 points on a number of fear-triggering global economic events, there are a handful of stocks to watch today in what could be another volatile performance.
While summertime Fridays are typically quiet for equities, today's schedule of market moving events is jam-packed. It's also coming off a day that included a plane crash, the announcement of ground military offensive from Israel, and a 40% move in the Volatility Index (VIX).
Stock market today, July 17, 2014: The Dow Jones Industrial Average finished up yesterday (Wednesday) for its 15th record-breaking close in 2014. U.S. Federal Reserve Chairwoman Janet Yellen testified before Congress, reiterating that the economy remains vulnerable to a struggling job market and stagnating wages - two reasons why the central bank will continue its loose monetary policy in 2014.
The Dow Jones Industrial Average rallied late on Friday after a surge by tech stocks overshadowed growing banking concerns in Portugal.
Stock market news today, July 9, 2014: The Dow Jones Industrial Average jumped more than 70 points on Wednesday following the release of minutes from the Federal Open Market Committee's June meeting and a strong second quarter report from aluminum giant Alcoa Inc. (NYSE: AA) to kick off earnings season.
According to S&P Capital IQ, analysts expect Q2 earnings from S&P 500 companies to grow by more than 6%. That's a strong gain from Q1's 3.4% in growth earnings.
We love the General Electric Co. investment story.
In fact, we've been telling our readers of Private Briefing about it for months.
We're going to talk about it again today - with good reason.
The already strong investment case for GE just got even stronger.
On Friday, the French government finally backed General Electric's $17 billion offer for the power and electrical-grid businesses of Alstom SA.
And that's not all...
In a surprise move, France also said it would take a 20% stake in the French engineering giant.
It's a complicated deal.
But it could serve as an additional "catalyst" for the GE share-price rally we've been predicting.
Here's why... Full Story
Top financial news today, June 18, 2014: The Dow Jones Industrial Average rose marginally on Tuesday despite a swath of disappointing data, including higher inflation and poor housing numbers. Wednesday is gearing up to be one of the busiest news days in recent months for the financial markets.