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.
Most U.S. markets have risen lately, while Canada’s resource-heavy Toronto Stock Exchange has lagged. But as always, both remain subject to unexpected downturns. Even so, the long-term outlook is for higher stock prices.
One way to profit from rising markets is to add exchange traded funds (ETFs) that track major stock indexes to your portfolio.
ETFs trade on stock exchanges, just like stocks....
One way to profit from rising markets is to add exchange traded funds (ETFs) that track major stock indexes to your portfolio.
ETFs trade on stock exchanges, just like stocks....
GENERAL ELECTRIC CO., $23.46, New York symbol GE, continues to expand its oil and natural gas business, which makes a wide variety of industrial equipment, such as pumps, valves, compressors and turbines. This week, GE agreed to buy Texas-based Lufkin Industries Inc. (Nasdaq symbol LUFK). This company’s products help producers bring more oil and gas to the surface in wells with low internal pressure. Demand for this equipment is strong, as it helps producers increase their output and lower their costs. GE will pay $3.3 billion for Lufkin when the deal closes in the second half of 2013. That’s equal to 21% of GE’s 2012 earnings of $16.1 billion, or $1.52 a share....
H.J. HEINZ CO., $72.28, New York symbol HNZ, jumped 19% this week after the company agreed to a friendly takeover from a consortium led by Berkshire Hathaway Inc. (New York symbol BRK.B), the holding company controlled by billionaire investor Warren Buffett. Heinz shareholders will receive $72.50 a share when the deal closes in the third quarter of 2013. The stock is trading slightly below that price, which indicates that investors do not expect a higher bid. Heinz is now a hold....
Most stock markets have risen lately. But as always, they remain subject to unexpected downturns. Even so, the long-term outlook is for higher stock prices.
One way to profit from rising markets is to add exchange traded funds (ETFs) that track major stock indexes to your portfolio.
ETFs trade on stock exchanges, just like stocks....
One way to profit from rising markets is to add exchange traded funds (ETFs) that track major stock indexes to your portfolio.
ETFs trade on stock exchanges, just like stocks....
GENERAL ELECTRIC CO. $21 (New York symbol GE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 10.5 billion; Market cap: $220.5 billion; Price-to-sales ratio: 1.6; Dividend yield: 3.6%; TSINetwork Rating: Above Average; www.ge.com) is benefiting from its recent purchases of companies that supply equipment to oil and natural gas producers....
GENERAL ELECTRIC CO. $21 (New York symbol GE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 10.5 billion; Market cap: $220.5 billion; Price-to-sales ratio: 1.6; Dividend yield: 3.6%; TSINetwork Rating: Above Average; www.ge.com) is benefiting from its recent purchases of companies that supply equipment to oil and natural gas producers. It’s also cutting credit losses at its finance subsidiary.
As a result, GE has raised its quarterly dividend by 11.8%, to $0.19 a share from $0.17. The new annual rate of $0.76 yields 3.6%. This is its fifth dividend hike in the past three years. GE also plans to buy back up to $14.9 billion of its shares by 2015.
GE is a buy.
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As a result, GE has raised its quarterly dividend by 11.8%, to $0.19 a share from $0.17. The new annual rate of $0.76 yields 3.6%. This is its fifth dividend hike in the past three years. GE also plans to buy back up to $14.9 billion of its shares by 2015.
GE is a buy.
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SPDR S&P 500 ETF $145.09 (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 Inc., ExxonMobil, Microsoft, Procter & Gamble, Wells Fargo & Co., Johnson & Johnson, IBM, Chevron, General Electric, Pfizer Inc., Coca-Cola Co., Google and AT&T.
The fund’s expenses are just 0.10% of its assets.
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The index’s highest-weighted stocks are Apple Inc., ExxonMobil, Microsoft, Procter & Gamble, Wells Fargo & Co., Johnson & Johnson, IBM, Chevron, General Electric, Pfizer Inc., Coca-Cola Co., Google and AT&T.
The fund’s expenses are just 0.10% of its assets.
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Vanguard Canadian Short-Term Bond Index ETF, $24.96, symbol VSB on New York (Shares outstanding: 1.7 million; Market cap: $42.4 million; www.vanguard.com), mirrors the performance of the Barclays Global Aggregate Canadian Government/Credit 1-5 Year Float Adjusted Bond Index. This index consists of a wide range of investment-grade federal, provincial, municipal and corporate bonds with between one- and five-year terms to maturity. The fund holds 184 bonds with an average term to maturity of 3.0 years. The bonds in the index are 72.9% government and 27.1% corporate. The fund’s MER is 0.15%. The Vanguard Canadian Short-Term Bond Index ETF yields 2.8%. However, this high yield is due to the fact that some of the fund’s bonds pay above-market interest rates. But as a result they trade above their face value. When these bonds mature, holders will only get the bonds’ face value, which means the portfolio will incur predictable capital losses. These losses will offset some of the appeal of the above-market yields....
These three industrial stocks make a wide range of products. That helps cut their risk during periods of slow growth, such as the past year. It also puts them in a good position to profit when the global economy picks up. GENERAL ELECTRIC CO. $21 (New York symbol GE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 10.6 billion; Market cap: $222.6 billion; Price-to-sales ratio: 1.5; Dividend yield: 3.2%; TSINetwork Rating: Above Average; www.ge.com) is one of the world’s largest manufacturers. It makes equipment for generating and distributing electricity, such as turbines; aircraft engines; health care equipment; home appliances and lighting; and locomotives. To cut the risk of further losses following the 2008 / 2009 financial crisis, the company continues to scale back its GE Capital subsidiary, which provides loans and other financial services to GE’s customers. This business now accounts for 31% of GE’s overall revenue and 45% of its earnings....
GENERAL ELECTRIC CO. $21 (New York symbol GE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 10.6 billion; Market cap: $222.6 billion; Price-to-sales ratio: 1.5; Dividend yield: 3.2%; TSINetwork Rating: Above Average; www.ge.com) is one of the world’s largest manufacturers. It makes equipment for generating and distributing electricity, such as turbines; aircraft engines; health care equipment; home appliances and lighting; and locomotives.
To cut the risk of further losses following the 2008 / 2009 financial crisis, the company continues to scale back its GE Capital subsidiary, which provides loans and other financial services to GE’s customers. This business now accounts for 31% of GE’s overall revenue and 45% of its earnings.
In the three months ended September 30, 2012, GE’s revenue rose 2.8%, to $36.3 billion from $35.4 billion a year earlier. Revenue from the industrial businesses rose 7.4%, partly because GE bought companies that supply equipment to oil and gas producers. That offset lower sales of wind-power gear. The company continues to shrink GE Capital. As a result, this division’s revenue fell 5.4%. Earnings rose 9.9%, to $3.8 billion from $3.5 billion. Because of fewer shares outstanding, earnings per share rose 12.5%, to $0.36 from $0.32.
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To cut the risk of further losses following the 2008 / 2009 financial crisis, the company continues to scale back its GE Capital subsidiary, which provides loans and other financial services to GE’s customers. This business now accounts for 31% of GE’s overall revenue and 45% of its earnings.
In the three months ended September 30, 2012, GE’s revenue rose 2.8%, to $36.3 billion from $35.4 billion a year earlier. Revenue from the industrial businesses rose 7.4%, partly because GE bought companies that supply equipment to oil and gas producers. That offset lower sales of wind-power gear. The company continues to shrink GE Capital. As a result, this division’s revenue fell 5.4%. Earnings rose 9.9%, to $3.8 billion from $3.5 billion. Because of fewer shares outstanding, earnings per share rose 12.5%, to $0.36 from $0.32.
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