NEW YORK, March 21, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on General Electric Company, Oracle Corporation, Ford Motor Company.
After Dow Jones reported that CEO Jeffrey Immelt told business leaders in Sydney that he’d “never say never” about a spinoff of General Electric Company(NYSE:GE) Capital Corp., GE has clarified that Immelt never implied that a spinoff was under consideration.
“As Jeff clearly stated, there are no plans to split off GE Capital from the parent company,” GE spokesman RussellWilkerson has said in an e- mail, adding that the CEO’s comments were taken out of context in the Dow Jones report.
Is GE a Strong Buy After The Recent gain? Find Out Here http://bestdarnpennystocks.com/landing/home-aw.php?code=GE (OR Just copy and paste the link)
GE Capital earned a profit of $7.4 billion for 2012, while GE’s earnings for the year were $14.7 billion. Analystsfeel that severing ties with the finance division would be detrimental to GE shareholders. On the other hand, selling or spinning off parts of GE Capital, its private-label credit card business or real estate holdings for instance,would be beneficial.
GE closed at $23.46 in New York, up 0.6 percent.
Meanwhile, Oracle Corporation(NASDAQ:ORCL) has thrust the blame of missing its third-quarter software sales target on its rapidly expanding sales force. It has also said that its struggling hardware business would continue to be under pressure.
Oracle's revenue fell 1 percent to $9 billion, much lower than the $9.382 billion expected by analysts.
How Should Investors Trade ORCL After Today’s Tumble? Get Free Trend Analysis Here http://bestdarnpennystocks.com/landing/home-aw.php?code=ORCL (OR Just copy and paste the link)
GAAP net profit remained flat at $2.5 billion while GAAP earnings per share were 52 cents, 6 percent higher from the year-ago period. Earnings per share on an adjusted basis were 65 cents, a tad below the 66 cents the Street had estimated.
Revenue from Oracle's hardware division dropped to $671 million from $869 million in the prior-year period. The company had acquired this division through the purchase of Sun Microsystems in 2010 at $5.6 billion.
The stock slumped 8 percent to $32.95.
In other news, the Ford Motor Company(NYSE:F) will supposedly terminate its Belgium factory in 2014. It has referred to poor sales and overproduction issues in Europe.
Is Ford On The ay To Hit New highs? Find Out Here http://bestdarnpennystocks.com/landing/home-aw.php?code=F (OR Just copy and paste the link)
As per the Associated Press, the automaker has stated on Tuesday that it will shell out $750 million in separationbenefits to all the workers, who work in the plant on an hourly-basis.
Ford has also said that the closure of the plant will result in the loss of nearly 4,200 job positions by the end of nextyear. Production unit will supposedly be shifted to Ford’s facility located in Valencia.
About bestdarnpennystocks.combestdarnpennystocks.com’s team is engaged in providing stock newsletters on various hot penny stocks on a regular basis. Our instant stock news on Major Gainers, small cap penny stocks and various other stocks, guides investors in making the wise stock market investments decision. In order to get update to the markets, we would advise you sign up to our free newsletters. You can become leader in stock market by keeping track of the daily activity.
DisclaimerThe assembled information disseminated by bestdarnpennystocks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. bestdarnpennystocks.com does expect that investors will buy and sell securities based on information assembled and presented in bestdarnpennystocks.com. PLEASE always do your own due diligence, and consult your financial advisor.Contacts:bestdarnpennystocks.com 1419 Westwood Blvd Los Angeles, CA90024firstname.lastname@example.org