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Zacks' Voice of the People highlights opportunities with General Electric, SPDR S&P Homebuilders ETF, Freeport McMoRan and SYNNEX

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January 24, 2012 | Comment(s): 0
Recommended this article (6)
GE | XHB | FCX | SNX

For Immediate Release

Chicago, IL – 01/24/2012 – Zacks highlights commentary from People and Picks Trader Vet67to82.

For more Voice of the People, visit http://at.zacks.com/?id=5851

Featured Post

General Electric in 2012

General Electric ( GE - Analyst Report) has a Zacks Rank of #3 (Hold) and an S&P Rank of 4 Stars (Buy).  Regarding GE and GE Capital, I do see analysts making interesting observations followed with great analysis, yet missing  the bigger picture related to GE's manufacturing side in relation to the global trials and tribulations.  

 In my own analyses, crude prices above $75 per barrel are substantially beneficial to GE's manufacturing arm. I am expecting greater demand for GE's natural gas turbines, upgrades to existing power production, as well as greater demand for GE's commercial "energy efficient" airplane engines ... etc. GE's expanding backlog attests to that. 

These expectations of mine lead me to believe GE will be able to beat future earnings estimates as well as analyst re-assessment that the "reasonable" forward P/E was way too low. I LIKE analyst upgrades and upward revisions in earnings estimates.

  ( 1) GE has a PEG (next 5 years) ratio of 1.01  which I believe doesn't yet reflect growth to come. 

  ( 2) GE has a one year estimated target of $21 +/-0.25 and an intrinsic value of $24.17 +/-0.25 ...

One other point, in the pieces of the pie being worth MORE than the current value ... and, if I may, I am somewhat "speculating", on GE eventually bringing a piece of its GE Capital to market in an IPO, followed by a sale or spin-off.

... What's GE worth then?

The most recent picks by «Vet67to82» are:
A sell rating on SPDR S&P Homebuilders ETF ( XHB),
a buy rating on Freeport McMoRan ( FCX - Analyst Report) and
a buy rating on SYNNEX Corp. ( SNX - Snapshot Report).

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Read the full analyst report on GE

Read the full analyst report on XHB

Read the full analyst report on FCX

Read the full analyst report on SNX

 

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Market Summary May 26, 2012 18:41 pm ET
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NASD 2837.53  -1.85 -0.07%
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