General Electric GE Earnings Report 1-24-18

GE General Electric

GE General Electric Earnings Report Today

GE earnings: Can it possibly get any worse?

Can it possibly get any worse for General Electric Co.? Investors will find out when the struggling industrial conglomerate reports fourth-quarter results before Wednesday’s open.

The last quarterly report, was a big surprise for investors, as GE missed earnings expectations for the first time in 10 quarters, but the stock erased an early loss to end higher on the day of the report for the first time in eight quarters.

However, the stock’s strength proved very short lived, as it fell for the next nine sessions—the longest losing streak in eight years.

marketwatch.com/ge-earnings

GE Earnings: More Pessimism Ahead

General Electric (GE) has seen plenty of pain this year, with downgrades, concerns about its balance sheet, and poor technical trends. And that comes after it was the worst-performer in the Dow Jones Industrial Average last year. And don’t expect earnings to bring any relief, if UBS analyst Steven Winoker is right.

Winoker writes that while its new management team is making painful cuts, it has a huge task ahead of it, especially given that GE has taken “countless credibility hits” in the past decade, and that it will take a number of quarters before there will be enough evidence of a turnaround for investors to believe in the stock again.

barrons.com/ge-earnings

GE General Electric Chart 1-24-18 Before Earnings

GE General Electric Chart 1-24-18 Before Earnings

Cryptocurrency Trading

Cryptocurrency Markets Aren’t All the Same

There’s a compelling reason to consider what’s going on with cryptocurrencies a purely speculative boom-and-bust roller-coaster: Over a three-month period, the prices of all the top coins and tokens are rather strongly correlated, going up and down in unison.

What does that make them if not the 21st-century incarnation of tulip bulbs?

It’s not so simple, though. In the last 30 days, which include a spectacular decline in the dollar price of Bitcoin, the correlations haven’t been so reliable. In some cases, they appear to have broken down. I don’t think that’s an accident.

Apart from relatively ignorant speculators, the cryptocurrency-trading community includes people who are genuinely interested in various applications of the blockchain technology and who are making informed bets on its particular flavors.

Continue Reading on Bloomberg == >

BTC USD Bitcoin Chart 1-24-18

BTC USD Bitcoin Chart 1-24-18

Today's Trade of the Day | 1-24-18

FSLR First Solar Chart 1-24-18

Positive news on solar tariffs vaulted FLSR First Solar higher on 2X normal volume only to see the stock price close in the lower third of the range. From a purely technical stand, this bearish engulfing candlestick should lead to lower prices. Since I trade the charts and not the news, that's my game plan.

Looking for a $68 sell stop and for the stock to trade lower with a profit target of $62. If filled and the stock finds buyers again, my stop loss is $69.50. This trade has all the makings of a a fast winner or a fast loser. Be disciplined.

SPY ETF Chart 1-24-18

SPY ETF Chart 1-24-18

HEADLINE NEWS

S&P 500 Heatmap

SP 500 Heatmap 1-24-18

SP 500 Heatmap 1-24-18

Stocks to Trade | Wednesday Edition 1-24-18

MOMENTUM

Bullish Momentum: OSTK, BABA, NTNX, EXEL, AABA, LNG, PLD, SIG, IBM, KORS

Bearish Momentum: fslr, lit, scg

ORDER FLOW

Bullish Order Flow: NKTR, NFLX, KSS, SQ, NVDA, SLB, TGT, LOW, UAL, CHTR, BBY, AMZN, CAH, ADBE, TXN, EOG, PYPL, BA, DG, UPS, ATVI, MA, UNH, CRM, HD, DE, MAR, AMGN, CVX, LYB, JPM, COF, UTX, DLTR, UNP, MMM, HON

Bearish Order Flow: lite eix, duk, aep, d, alk, hcn, scg

Double Normal Volume: NFLX, PG, JNJ, JUNO, FSLR, AMTD, PAYX, MAC

Inside Days: juno, teva, ms, momo, ba, hbi, jnpr, gs, cost, cah, nktr

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