It's hump day.
We've nearly made it to Friday. But before we can say it's Thursday, we have to review the top stories from Wednesday, June 20.
GE Headed to $9.99 a Share?
Is it time to buy General Electric Co. (GE) now that it's been booted from the Dow Jones Industrial Average?
Stephen Guilfoyle leads readers through his thoughts on GE and whether it's a buy, or if investors should wait until the stock drops a couple more dollars.
Readers or investors curious about GE should check out the story here.
Facebook Messenger Could Bring in Billions of Dollars -- Here's How
TheStreet's Kinsey Grant says that analysts approve of this move.
"Analysts predicted the Messenger monetization opportunity could contribute an incremental $6 billion to $8 billion in revenue and $1 in earnings per share for Facebook by 2020, given that Messenger monthly active users can grow to 1.5 billion by that time from 1.3 billion today. That would assume about $4 to $5 in in revenue per user per year," reported Grant.
The announcement sent Facebook into the green, just a day after FANG went red.
Check out what else Grant has to say about this new business venture of Facebook's.
GE's Exit From Dow Could Be a Blessing in Disguise, Goldman Says
Ah, GE again.
GE may be secretly #blessed to have received the boot according to Goldman, Sachs & Co. analysts.
TheStreet's Tony Owusu looks into why GE, and GE investors, shouldn't be panicking after the company was removed from the Dow.
"The move has been long coming as the stock has continuously underperformed in recent quarters. However, the exit from the Dow may be a blessing in disguise, according to Goldman Sachs analyst Joe Ritchie," reported Owusu.
Let's just hope that GE can recover from its nightmare.
Well, that's all you need to know for Wednesday.
Now it's time to take a breather and relax. At least until the market opens on Thursday morning.
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