General Electric missed on revenue (by what seemed quite a bit) but beat on earnings by a couple of cents.

General Electric missed on revenue (by what seemed quite a bit) but beat on earnings by a couple of cents. The reason for the revenue miss, as per the official release was that "revenues were impacted by lower equipment sales and reduced GE Capital assets." The stock was crushed five percent, down to 16.20 by session end. Although these results, described as uninspiring by some of the analysts out there, the reason for owning them remains, as I agree with chief Jeff Immelt, who reckons that the single biggest theme of our time of still energy.



One thing that GE do WELL, it trumpet their own results, check this out from their website: Five Things You May Have Missed in GE's 3Q Earnings. Check out the full results release.



I would like to think that we fall into the "hold a quality stock for as long as possible" category. GE not only gives you quality industrial coverage across the globe, but is well placed to benefit from two themes that we think are going to be so important over the coming decades, infrastructure build and renewable (and old style) energy roll out. We would be using this as an opportunity to buy some more in the US portfolios.




Session end the nerds of NASDAQ had soared as Google crossed 600 bucks, up over 11.19 percent in normal trade. The index closed at 2468, up 33 points on the day. The Dow Jones Industrial average was dragged lower by Bank of America (down 4.92 percent), GE (down 5.01 percent) and JP Morgan (down 4.05 percent) to end lower at 11062, down 31 points. The broader market S&P 500 was in the middle, up 2.38 points to 1176.