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
- This Innovation Will Help U.S. Companies Win the Oil Price War | Financial Sense
- Bank Of England Accidentally E-mails Top-Secret Brexit Plan To Newspaper | ZeroHedge
- It Begins: US May Send "Target Spotters" To Iraq To Counter ISIS "Offensive" | ZeroHedge
- 5 Things To Ponder: Everybody's Got One | ZeroHedge
- This Is How The Clowns At The DEA Screen For Drug Dealers On Amtrak | ZeroHedge
- SEC Commissioner Furious That SEC Has Made A Mockery Of "Recidivist Criminal Behavior" By Banks | ZeroHedge
- Oil Prices Unmoved By Oil Rig Count Decline Of Just 1 | ZeroHedge
The most relevant financial news and articles from the Internets
- Wild card Australia seeks upset at Eurovision pop fest | Business Insider
- German woman, 65 and mother of 13, has quadruplets | Business Insider
- Notable... | StreetInsider.com
- This Berlin fintech company has the most simple-but-brilliant way... | Business Insider
- We just got another sign that the world's economic center is moving east | Business Insider
- Hallucinogens Legally Sold as 'Bath Salts' a New Threat | BusinessWeek
- Champions Bayern sign off with win over Mainz | Business Insider