GE Finally Bringing Good Things to Life, Its Stock
General Electric (GE) shares are up 2% today, trading just under $19 a share. Thanks to the recent decline in everything in equities, GE has backed down to within 12% from its 12 month low. Mastery still believes GE is a safer way to play the U.S. financial long bet while enjoying its global revenue success.
GE is making headlines today after landing a $150 million order to supply LNG technology to Malaysia's Petronas. They plan to help Petronas to double its oil and gas business in Asia over the next 3 to 5 years.
GE is looking to exploit $40 billion of projects in Indonesia and Vietnam, as well as in Malaysia, with one area of interest being off-shore LNG ventures.
Mastery has gone to bat time and time again for GE. We like the prospect of investing in GE Capital without having to buy a U.S. financial institution. However, the financial sector has taken a huge hit as of late, which is why we just published 3 Bank Stocks to Buy for Summer 2012.
General Electric shares have traded between $14.02 and $21 over the past 12 months. GE shares trade with a P/E Ratio of 14.9, EPS of 1.2, and a healthy annual dividend yield of 3.65%.
Bottom line: GE provides global revenue growth, along with a good chance of moving higher if the U.S. financial sector begins to improve. Today's deal with Petronas confirms the global story and should the banks begin to bounce back, the momentum will take GE with it.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Venezuela and the Disaster of De-Industrialization | Financial Sense
- Brexit & The Fourth Turning | ZeroHedge
- "It’s Scary, And I’ve Never Seen Anything Like It" - Where Markets Are The Morning After | ZeroHedge
- The European Union: Government By Deception | ZeroHedge
- Gold Surges 15% To £968 Per Ounce – BREXIT Creates EU Contagion Risk | ZeroHedge
- Spain's Rajoy Implicated In Smear Allegations Just Days Before Elections | ZeroHedge
- Why The Just Released YouGov Poll May Have Sealed The Outcome Of The UK Referendum | ZeroHedge
The most relevant financial news and articles from the Internets
- Here's how Warren Buffett told LeBron James to invest his millions | Business Insider
- IBM just published a strong statement on how companies can do more to support their LGBT... | Business Insider
- The Thunder and Magic just pulled off the biggest trade of the NBA Draft... | Business Insider
- One thing that makes airplane passengers as angry as a 9.5-... | Business Insider
- 11 qualities in men that women find attractive | Business Insider
- I spent a night in one of New York City's first... | Business Insider
- US politics has grown insanely polarized | Business Insider