The Market Ticker - GEe..... :-)
GE stock is skyrocketing this morning, up 15% as I write this, on earnings that were materially better than expected.
I’ve got a small position in this one, acquired recently in one of my tax-deferred accounts, and have a roughly 30% gain on it right now. IMHO the real test comes around the mid $12s if and when it gets there, which would be close to another +20% from here, but that move, if it comes, will depend on the continued execution toward de-levering the firm and insuring that operations continue to return positive free cash flow.
February $10 calls have seen a 200% gain on the day…..
Revenue beat, and in addition there was an announcement of a tentative settlement on a long-dead subprime mortgage business that had been sued by the DOJ.
For those who haven’t been paying attention to this company for a very long…….
(Click link to read more)
Source: https://www.market-ticker.org/akcs-www?post=234964
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