Oil prices may have recovered from their 2016 lows, but they are still wreaking havoc on General Electric (GE - Get Report) . Revenue in General Electric's oil and gas equipment business slumped 22% year over year during the fourth quarter to $3.4 billion. Michael Ingram, a market analyst at BGC Partners, based in London, expects oil prices to continue to be a drag on GE throughout the first half of 2017. He also said the company's move to merge its oil and gas business with Baker Hughes (BHI) won't spark cost synergies right away.
More from Video
How Millennials Are Shaking Up the Grocery Industry
Grocery Outlet's CEO gives an inside look at how the company is attracting millennials.
FedEx, Micron, Lennar Earnings: What Investors Should Watch For
Here's what investors should look for FedEx's, Micron's, Lennar's earnings reports, according to Jim Cramer's Action Alerts PLUS' team.
What the Caesars-Eldorado Deal Means for Competitors
Eldorado Resorts buys Caesars for $17.3 billion, here's what that means for competitors.
Navigating the Markets Ahead of G20 Summit and Growing U.S.-Iran Tensions
With the G-20 summit coming up and tensions between U.S. and Iran continually increasing, here's what to watch for in the markets.
Here's How to Invest Fearlessly Like the 'Flying Wallendas'
The 'Flying Wallendas' tightrope walk across NYC's Time Square was dramatic! Their message to those watching - be fearless! But, how do you do that when investing?