GE's Electric Rise After Q4 Report: Take Profits or Not?

Filed under: Earnings Reports, Industry, General Electric (GE)

Wow. General Electric Company (GE) is up 7.9% to $19.89 as I write this. Volume is strong. I wish I could say I was participating in today's rally, but alas, I am not. Late last year, I sold out of my GE position, as I explain in this article. I obviously could have sold at a higher price, but hey, I needed to sell when I did; that's just how it goes.



I like the price action I'm seeing, and I believe the Q4 profit report was solid. According to the Associated Press, continuing operations captured 36 cents per share, four pennies above the projection. Probably of more significant note in some respects is the top-line performance: the AP stated that net sales increased on a year-over-year basis, a feat that hasn't been observed for quite a while.

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GE's Electric Rise After Q4 Report: Take Profits or Not? originally appeared on BloggingStocks on Fri, 21 Jan 2011 17:00:00 EST. Please see our terms for use of feeds.

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