General Electric Company (NYSE:GE) Has A Positive Outlook

Denver, CO, 07/30/2013 (Avauncer.com) – Shares of General Electric Company (NYSE:GE) fell 0.65% to close at $24.49.This was close to the higher end of its 52-week price range of $19.87 to $24.95. However, despite his, shares remained moderately traded with 25.59 million shares exchanging hands, as against an average volume of 40.21 million shares.

The company has however delivered great performances, despite a weaker economic outlook. The company has also outperformed its rivals, Switzerland’s ABB and Germany’s Siemens AG (ADR) (NYSE:SI), who have delivered disappointing results.

The company has recently been trying to downsize its portfolio size, by slowly phasing out GE Capital, which has reported a decline of 9% in its profits. The company has reported an overall decline of 4% in revenues, mainly attributed to the 2% decline the entire market has witnessed. However, its majority industrial segment reported an increase in profits, thereby concluding that its performance is better than it appears.

The company has witnessed a spurt in orders, with U.S. markets contributing a whopping increase of 20%, while despite the economic crisis; even European markets recorded a 2% increase in orders.

The company has a promising future, when it comes to power & water segment. The company has till yet seen a surge in its power and water segment results by 6%, excluding Europe, which remained marred by its economic crisis. The company is confident that this segment will report 70% of its shipping in the second half of the year. This means that results as of now were without taking into consideration the performance the company has made in one of its biggest industrial profit center. This will contribute to strong margins in the second half.

The company has competitive strength in aerospace and automotive sectors too, which has attracted investors as being the primary stock in industrial sector this year.