GE to RESTRUCTURE into 3 and 4 Hot Stocks Rounding Out the Week
NVR, Inc. (NYSE:NVR): NVR Inc.’s (NVR) second-quarter profit improved due to an increase in home sales. However, it was their revenue as well as higher cancellation rate that grabbed investor attention. Shares of NVR, Inc. are trading 2.82% higher today.
Baker Hughes Incorporated (NYSE:BHI): CEO Martin Craighead made this comment: “If commodity prices remain at current levels, we believe onshore activity in the U.S. should remain stable, and as International markets as well as those in the Gulf of Mexico expand, we expect to see continuing improvement.” Shares of Baker Hughes Incorporated, are trading at 8.89% higher today.
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Snap-on Incorporated (NYSE:SNA): Snap-On Incorporated (NYSE:SNA) reported revenues of $737.9 million for the second quarter of 2012, they are up 1.5%. Shares of Snap-on Incorporated are trading at 0.39% higher today.
General Electric Company (NYSE:GE): GE will reorganize their Energy business into three separate companies, effective in the fourth quarter. The new firms will report directly to Jeff Immelt, General Electric CEO and Chairman, and Steve Bolze, Senior Vice President and CEO of Power and Water. They will provide, full, life cycle solutions for power generation customers, as well as renewable energy, and water processing technologies. Dan Heintzelman, Senior Vice President and CEO of Oil and Gas, will provide pipeline equipment, including turbo-machinery and services for all segments of offshore and onshore drilling. Finally, Energy Management, led by Senior Vice President and Energy Management CEO, Daniel Janki, will consist of technology solutions for the delivery, management, conversion, and optimization of electrical power for customers across multiple energy intensive industries. The company’s infrastructure includes approximately 100,000 employees, who will, during the fiscal year 2012, have revenues of approximately $50B. The energy headquarters organizational layer is expected to be phased out in 2012. Shares of General Electric Company are trading at 2.58% higher today
Piedmont Natural Gas Company Inc. (NYSE:PNY): Shares of Piedmont Natural Gas Company Inc. are trading at 2.53% lower today.
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