Oct 18 - General Electric could be an earnings bright spot when it reports. Get ready to see stronger profits thanks to higher demand for nat gas and oil production equipment
Well first it was Wednesday shock departure of CEO Vikram Pandit from city then Thursday Google me and masses of the markets with their surprising numbers released. The big question now what. Friday. Crystal ball here early June now who is all about earnings from -- being industrials. And the top one General Electric before the -- it is sad to see stronger profits from a year ago thanks to higher demand for Britain and he's a natural gas and oil production. Investors will want to know -- -- -- and multiple -- optimistic guidance I'm seeing a double digit profit growth this year. Adding a lot of fuel to share price. GE shares or about 40% over the past year that's roughly double the gain of the S&P 500 index. And importantly since late September they've been trading at levels hadn't seen since the financial crisis 2008. Obviously things driving the moment one not -- companies on their sound earnings putting other enemy competent noises about 2013. Do you -- -- is committed to buying back shares issued during the financial crisis. And three -- raising the dividend and committed to hang out about 45% of earnings to shareholders and in the past each quarter. And here's more different thought our Brenda -- -- -- GE should be trading around 32 dollars and nineteen cents. That's about 40% higher than where he is right now. We'll also hear how McDonald's did in the third quarter expect earnings of right but there aren't concerns it could combat it costs to future growth. The world's largest hamburger chain has been expanding its dollar -- to win back market share from rivals like. Burger king and Wendy's recently burglaries in Janie capital markets downgraded the company to neutral from buy. They are all asked me its sales potential. Appointment. Is down 5% since the start of the year housing is going through a rebound big cat ready for a little -- -- when existing home sales come out in the morning. Experts that I am part of these sales should drop to four point seven million units. -- don't go off a little just -- bear in mind last month on an 8% spike in transactions. Plus distressed homes have been dwindling and the proportion of overall sales up from 35% in January to just 22%. In August. They -- insider and Reuters TV for more on the big market mover on Friday impact players that Robert wolf interviews top political pundits. Mark Halperin and John Heilman who. -- -- change for their take on the democratic front runners and when he thinks. Teen testing so far away if it comes down to just one woman and does it. I'm -- mom this is raiders.