General Electric Company (GE) Earnings Preview

Post by:

General Electric Company (GE) is a diversified infrastructure and financial services company offering products ranging from aircraft engines, power generation, oil and gas production equipment to household appliances. The stock is currently trading around $26.93 at the middle to upper end of its 52 week range of $23.41-$28.68. The stock has been outperforming the market this year rallying a 6.61% year to date. GE is scheduled to report earnings before the opening bell tomorrow, and the stock is bullish today rising by $0.16 or 0.60% on the session ahead of the close.

Over the past 11 quarters GE has rallied on earnings day 5 times with an average move of 3.35%. The stock appears bullish on a chart going into the release having traded above or in the Ichimoku Cloud for the past few months since early April on the daily bars. Over the past 11 quarters GE has rallied from earnings to the nearest options expiration 5 times with an average move of 2.58%. The stock looks as if it could continue today’s trend and rip to the upside in today’s session. Investors are mainly looking to see how the company has been rebuilding the high-margin industrial operations. Both per-share earnings and revenue numbers are expected to be down from a year ago, setting a low bar for the company.

The options market is currently implying a move of around $0.55 or 2% in GE by this Friday’s close giving us a downside target of $28.93 and an upside target of $24.93.

Andrew Keene
President/Founder
KeeneOnTheMarket.com

Submit a Comment

Your email address will not be published. Required fields are marked *

VIP NOTIFICATION SERVICE

TIRED OF BEING THE LAST TO KNOW ABOUT THE LATEST WINNING TRADE?

Join our VIP Notification Service and Be Among The First To Know About All The Latest Trade Ideas, Trading Tips, Highly Profit Potential Trades, and Market Predictions From Our Team of Expert Traders!
Join Text Messaging List
By providing your mobile phone number and clicking on the above button, you agree to receive automated promotional messages from us. By opting into our SMS Program, you agree to our Terms and Conditions and Privacy Policy  
You have to agree on terms in order to proceed to the subscription.

• FREE VIP NOTIFICATIONS •

Get Our Free Daily Trading Videos

Delivered To your Inbox

By submitting your information you agree to our Terms of Service and our Privacy Policy