Read Trending Stories
- » Weekly Tech Biz Rearview: Facebook Follies, Pandora Prevails
- » Weekly Biz Recap: JPMorgan CIO Retires, BofA Selling Overseas, Facebook Fury
- » M&A Weekly Recap: Eaton to Acquire Cooper Industries, Siemens Shopping
- » Will Google's Android Mirror Apple's Enterprise Success?
- » Will Congress Make an Example of JPMorgan?
Today's Trending Stocks
Click a Company to Research Now:
- Bank of America (BAC)
- Apple . (AAPL)
- Facebook (FB)
- AT&T (T)
- Nokia (NOK)
- Delcath Systems (DCTH)
- Mentor Graphics Corp (MENT)
- Complete Genomics (GNOM)
General Electric Company (NYSE:GE) said that it has logged over $1 billion in natural gas (NYSE:UNG) turbine orders this year in North America following the increased demand and production of shale gas. The company also introduced a new turbine to meet spikes in demand. This is another example of General Electric performing well with energy (NYSE:XLE) related products.
General Electric shares trade at $15.89, up about 3% from yesterday. This represents a P/E ratio of about 12 which is in line with its industry. The company also trades at a sales multiple of 1.1 which is much higher than its industry rivals. On the technical front shares trade well below their declining 50 and 200 day moving averages. The MACD is bullish while RSI is pointing up at 44.
Get Your FREE Special Report: 4 Things You Must Know About the US Economy Now!
Do You Want More Profits? Wall St. Cheat Sheet Premium newsletter subscribers have been crushing the markets with winning stock picks.
Click here now for your FREE trial to our acclaimed flagship newsletter:
