General Electric (GE) Leads The Pack In Pre-Market Activity

Trade-Ideas LLC identified General Electric (GE) as a pre-market leader candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

General Electric

(

GE

) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified General Electric as such a stock due to the following factors:

  • GE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $5.8 billion.
  • GE traded 4.8 million shares today in the pre-market hours as of 8:05 AM.
  • GE is up 2.3% today from Friday's close.

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More details on GE:

General Electric Company operates as an infrastructure and financial services company worldwide. The stock currently has a dividend yield of 3%. GE has a PE ratio of 59. Currently there are 6 analysts that rate General Electric a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for General Electric has been 68.7 million shares per day over the past 30 days. General Electric has a market cap of $304.9 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 1.28 and a short float of 2.2% with 1.17 days to cover. Shares are up 19.8% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates General Electric as a

buy

. The company's strengths can be seen in multiple areas, such as its expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • 42.21% is the gross profit margin for GENERAL ELECTRIC CO which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 7.95% trails the industry average.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 3.0%. Since the same quarter one year prior, revenues slightly dropped by 1.1%. Weakness in the company's revenue seems to not be hurting the bottom line, shown by stable earnings per share.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. The stock's price rise over the last year has driven it to a level which is somewhat expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • GENERAL ELECTRIC CO reported flat earnings per share in the most recent quarter. Earnings per share have declined over the last two years. We anticipate that this should continue in the coming year. During the past fiscal year, GENERAL ELECTRIC CO reported lower earnings of $1.31 versus $1.47 in the prior year. This year, the market expects earnings to be in line with last year ($1.31 versus $1.31).
  • The company, on the basis of change in net income from the same quarter one year ago, has underperformed when compared to that of the S&P 500 and greatly underperformed compared to the Industrial Conglomerates industry average. The net income has significantly decreased by 29.1% when compared to the same quarter one year ago, falling from $3,536.00 million to $2,506.00 million.

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