general electric
New York symbol GE, is one of the world’s largest industrial companies. It operates in six main segments: Infrastructure; Commercial Finance; Consumer Finance; Healthcare; Industrial; and Media.
GENERAL ELECTRIC CO. (New York symbol GE; www.ge.com) continues to shrink its GE Capital subsidiary, which provides loans and other financial services to buyers of its industrial products, such as power-transmission gear, jet engines and locomotives....
In 2009, U.S. President Obama set a goal to provide 80% of Americans with access to high-speed rail within 25 years. This led to the creation of the High-Speed Intercity Passenger Rail Program (HSIPR), a plan to create a high-speed rail network in the U.S. However, high-speed rail is very costly, and a lack of committed long-term funding is a significant obstacle to its development. There are two main approaches to building high-speed rail: (1) improving existing tracks and signalling to allow trains to reach speeds of up to 110 miles per hour, generally on track shared with freight trains; and (2) building new tracks dedicated to high-speed passenger rail service to allow trains to travel at speeds of 200 miles per hour or more....
GENERAL ELECTRIC CO. $26 (New York symbol GE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 10.2 billion; Market cap: $265.2 billion; Price-to-sales ratio: 1.9; Dividend yield: 2.9%; TSINetwork Rating: Above Average; www.ge.com) continues to shrink its GE Capital subsidiary, which provides loans and other financial services to buyers of its industrial products, such as power-transmission gear, jet engines and locomotives.
GE Capital supplies around 30% of GE’s overall revenue and earnings....
GE Capital supplies around 30% of GE’s overall revenue and earnings....
GENERAL ELECTRIC CO. $26 (New York symbol GE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 10.2 billion; Market cap: $265.2 billion; Price-to-sales ratio: 1.9; Dividend yield: 2.9%; TSINetwork Rating: Above Average; www.ge.com) continues to shrink its GE Capital subsidiary, which provides loans and other financial services to buyers of its industrial products, such as power-transmission gear, jet engines and locomotives.
GE Capital supplies around 30% of GE’s overall revenue and earnings. As part of a plan to focus on its main industrial businesses, the company aims to cut GE Capital’s assets to half of what they were prior to the 2008 financial crisis. It plans to complete these reductions by 2014.
Due to GE Capital’s smaller size, the company’s overall revenue in the three months ended September 30, 2013 fell 1.5%, to $35.7 billion from $36.3 billion a year earlier. Earnings fell 5.1%, to $3.3 billion from $3.5 billion a year earlier. Earnings per share fell 3.0%, to $0.32 from $0.33, on fewer shares outstanding. If you exclude unusual items, earnings per share rose 11.1%, to $0.40 from $0.36.
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GE Capital supplies around 30% of GE’s overall revenue and earnings. As part of a plan to focus on its main industrial businesses, the company aims to cut GE Capital’s assets to half of what they were prior to the 2008 financial crisis. It plans to complete these reductions by 2014.
Due to GE Capital’s smaller size, the company’s overall revenue in the three months ended September 30, 2013 fell 1.5%, to $35.7 billion from $36.3 billion a year earlier. Earnings fell 5.1%, to $3.3 billion from $3.5 billion a year earlier. Earnings per share fell 3.0%, to $0.32 from $0.33, on fewer shares outstanding. If you exclude unusual items, earnings per share rose 11.1%, to $0.40 from $0.36.
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ING Global Equity Dividend and Premium Opportunity Fund, $9.35, symbol IGD on New York (Shares outstanding: 97.5 million; Market cap: $911.6 million; www.ingfunds.com), is a closed-end fund that holds 130 global common stocks with a history of high dividend yields. The fund currently has 41.9% of its assets in U.S. stocks, with Japan next at 8.7%. Its top holdings are Metlife, Pfizer, Exxon Mobil, General Electric, Royal Dutch Shell, Eli Lilly & Co., Novartis AG, Freeport-McMoran Copper & Gold, Microsoft and St. Jude Medical. ING Global Equity Dividend and Premium Opportunity Fund trades at a 4.3% discount to its net asset value and yields a high 10.8%. The fund’s MER is 1.18%....
CEDAR FAIR L.P. $43 (www.cedarfair.com) reported that its revenue rose 1.1% in the three months ended June 30, 2013, to $361.6 million from $357.6 million a year earlier. Higher spending per guest at its amusement parks and adjacent hotels helped offset a 4.3% drop in attendance....
SPDR S&P 500 ETF $169.18 (New York symbol SPY; buy or sell through brokers; www.spdrs.com) holds the stocks in the S&P 500 Index, which consists of 500 major U.S. stocks that are chosen based on their market cap, liquidity and industry group.
The index’s highest-weighted stocks are Apple, ExxonMobil, Microsoft, Procter & Gamble, Johnson & Johnson, J.P. Morgan Chase, IBM, Chevron, General Electric, Pfizer, Berkshire Hathaway, Google, AT&T and Wells Fargo. The fund’s expenses are just 0.10% of its assets.
If you want exposure to the S&P 500 Index, the SPDR S&P 500 ETF is a buy.
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The index’s highest-weighted stocks are Apple, ExxonMobil, Microsoft, Procter & Gamble, Johnson & Johnson, J.P. Morgan Chase, IBM, Chevron, General Electric, Pfizer, Berkshire Hathaway, Google, AT&T and Wells Fargo. The fund’s expenses are just 0.10% of its assets.
If you want exposure to the S&P 500 Index, the SPDR S&P 500 ETF is a buy.
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Exchange-traded funds (ETFs) are set up to mirror the performance of a stock-market index or subindex. They hold a more-or-less fixed selection of securities that represent the holdings that go into the calculation of the index or sub-index.
ETFs trade on stock exchanges, just like stocks....
ETFs trade on stock exchanges, just like stocks....
New Energy Technologies, $2.12, symbol NENE on the U.S. over-the-counter bulletin board (Shares outstanding: 24.2 million; Market cap: $51.3 million; www.newenergytechnologiesinc.com), aims to develop see-through solar cells for generating electricity on glass windows. The process involves spraying very small, transparent solar cells onto glass surfaces to create what the company calls a “SolarWindow.” The cells would use energy from the sun, as well as artificial sources like the fluorescent and LED lighting that is typically used in offices, schools and commercial buildings. The company is also working on its MotionPower roadway system, which it hopes will generate electricity from the movement of vehicles. The system works by capturing the kinetic energy of decelerating cars and trucks and converting it into electricity. New Energy believes MotionPower would be best suited for high-traffic locations where vehicles are already slowing down. Potential installation sites include toll booths, rest stops, highway off-ramps, truck depots and traffic calming zones....
INTERNATIONAL BUSINESS MACHINES CORP., $206.35, New York symbol IBM, is paying an undisclosed sum for SoftLayer Technologies. Based in Dallas, Texas, this privately held firm sells online data-storage space and related services to 21,000 business clients. It has 13 data centres in the U.S., Asia and Europe. IBM expects to complete this purchase by September 30, 2013. Demand for cloud computing, which mainly involves storing data on remote, secure servers, is growing strongly. That’s because it gives cost-conscious businesses access to better services and software without the high cost of buying and setting up their own servers. SoftLayer’s technology will enhance IBM’s cloud-computing expertise and help it increase its annual revenue from this field to $7 billion by 2015. To put that in context, IBM’s total revenue was $104.5 billion in 2012....