Wednesday, March 24, 2010

"Bernstein on GE: Stock is Going to $20" (GE)

From Bespoke Investment Group

General Electric: The End of "Dead Money"

The markets are down roughly half a percent today, but General Electric (GE) is up 1.36% at the moment. As shown in the chart below, GE has really done well in recent weeks.

Below is a relative strength chart of General Electric compared to the S&P 500 over the last 10 years. As shown, GE underperformed the overall market for pretty much the entire 2000s decade. It underperformed during the 2003-2007 bull and also during the 2007-2009 bear....MORE

Original post:
The stock is up 22 cents at $18.55 with the rest of the Dow components averaging a half-percent decline.
For some reason I can't get the O'Jays out of my head.
From MarketBeat:

GE Shares are buoyant after Bernstein Research analysts raised earnings estimates for GE by four to seven cents and upped its price target for the stock to $20. The reason for the upgrade? Improvement in the credit trends that have weighed on GE Capital:

Our revised earnings estimates are based almost entirely on an improved outlook for charge-off rates for GE Capital’s lease and loan book. Better than expected results in Q4 and a revised credit loss outlook based on analysis from our Bernstein Banks team are key catalysts for the change.

The main exception to Bernstein’s rosier outlook on credit is commercial real estate....MORE

Mar 18
"A Longtime GE Bear Stops Growling" "General Electric's Valuation May Get a Boost" (GE)

Mar 17
More on JP Morgan's General Electric Comments (GE)

Mar 17
General Electric Instanalysis: Breakout (GE) and some Options Commentary

Mar 17
"Goldman on GE: ‘Momentum Should Continue to Build’" (JP Morgan Concurs) GE

Mar 15
Goldman Sachs Sees Further Momentum In General Electric (GE)

Oh yeah! Ladies and gentlemen, the O'jays:

...Don't you know that it's time to get on board
And let this train keep on riding, riding on through
Well, well
People all over the world (you don't need no money)
Join hands (come on)
Start a love train, love train (don't need no ticket, come on)
People all over the world (Join in, ride this train)
Join in (Ride this train, y'all)
Start a love train (Come on, train), love train
All of you brothers over in Africa
Tell all the folks in Egypt, and Israel, too
Please don't miss this train at the station
'Cause if you miss it, I feel sorry, sorry for you...