GE UNVEILS New Product and 3 Dow Movers Sparking Interest

General Electric Co. (NYSE:GE) will upwrap a new generation of railroad locomotives Friday that will meet United States 2015 emission standards, according to Reuters. This new Evolution locomotive should helps GE remain out front of Caterpillar’s (NYSE:CAT) Electro-Motive Diesel train business.

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Hewlett-Packard Company (NYSE:HPQ) is plunging from bad to worse, says Barron’s. Its assertive restructuring and strengthening 2.7 percent yield might be a plus, but weak demand for PCs, fierce competition from tablets and its slumping printer business are pulling it down. In addition, Microsoft Corporation (NASDAQ:MSFT) poses more and more a threat to H-P’s PC division. Currently, the average price target on Hewlett-Packard is around $23.50, with half of analysts covering the stock rating it a Hold, with 17 percent rating it a Sell.

JPMorgan Chase & Company’s (NYSE:JPM) Libor inquiry takes yet another turn, as Bruno Iksil, the “London Whale” at the center of the criminal investigation surrounding the firm’s $5.8 billion trading loss, is said by two sources to have retained a lawyer in Paris, according to a Reuters report. United States federal investigators are examining whether Iksil and his superiors deliberately attempted to cover up the losses by mismarking the value of some of the trading positions.

Microsoft Corporation (NASDAQ:MSFT) shares might jump more than 30 percent to around $38, say some bullish observers, according to Barron’s. The company currently has a free cash flow of approximately $29 billion which was generated from its existing business, along with a pipeline that features the Windows 8 intro in October, plus the possibility of a bonus to its 2.6 percent dividend. In addition, shares are really inexpensive, but trade at around 10 times the estimated earnings of $3.02 for fiscal year 2013, and less than 9 times if the cash is subtracted. A growth in earnings of 10 percent is projected for fiscal year 2014, to $3.32 a share.

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