Some say, “As goes GE so goes the economy.” With earnings due out Friday morning, what should you expect?
Investors are eagerly awaiting earnings news from General Electric believing the corporate giant could serve as a barometer for the overall economy, explains Dylan Ratigan.
I think GE will be a “tell” for Honeywell , says Guy Adami. If GE says good things I recommend getting long HON.
Or look at Siemens , adds Tim Seymour. If you hear good things from GE’s infrastructure division, than SI would be appealing to me.
The bottom line: Good news from GE could be good news for the rest of the industrial complex.
GE is a conglomerate made up of 6 diverse businesses. Following is a short synopsis of each division.
GE Commercial Finance
Services include loans, operating leases, fleet management and financial programs.
Dedicated to predicting, diagnosing and treating disease.
Includes a broad range of products such as appliances, lighting and industrial products; factory automation and embedded computer systems.
Theportfolio includes traditional and renewable energy systems, aircraft engines, oil and gas technology, locomotives and water process systems.
Provides home loans, insurance, credit cards, personal loans and other financial services.