General Electric Stock: Worst May Be Over

Shares of General Electric (GE Quote) were up Tuesday despite a decline in the broader market, possibly on hopes negative catalysts to the stock's value are already priced in.

GE's gains came despite a drop in large banks such as Citigroup (C Quote), JPMorgan (JPM Quote), Wells Fargo (WFC Quote) and Bank of America (BAC Quote). GE has frequently traded in tandem with those institutions, due to the large contribution of its financial services unit to the firm's overall balance sheet

Moody's Investors Service downgraded GE yesterday, following on the heels of Standard & Poor's. Those two big ratings agencies had long been expected to cut GE's sacred AAA rating, and fears of how the market would react may have been pressuring the stock. Moody's now has a stable outlook on GE's rating. ...