The Homa Files

First, the disclaimer: I own a statistically significant amount of GE stock – leftover from my years working with the company.  So, I’m as biased as biased can be.  I’d like the stock price to go up —  a lot.

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I was bummed a week ago when the crack Sanford C. Bernstein analysts downgraded General Electric stock from an “outperform” rating to a “market perform” rating. As near as I can tell, in analyst-speak, that means “sell”.

I assumed that those dudes were plugged in and were foreshadowing a bad earnings report.

Then, the headlines started rolling in: G.E. Profit Rises 51%, Topping Forecasts … and the stock bumped more than 5% in a day.

Remind me not to listen to Sanford C. Bernstein analysts … boy, they must feel dumb … but, I bet they’ll still get fat bonuses.

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Tomorrow: Obama appoints Immelt to his recovery board …

This entry was posted on January 24, 2011 at 6:49 am and is filed under Stock Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.