<font>General Electric (GE) Falls after Earnings</font>

General Electric Co (GE) fell on Friday after it released it’s most recent quarterly earnings. The mid-day decline was near 4.25% from the prior days close of $16.79 share. The profit for GE declined 44% from the previous year’s period as GE Capital struggled and revenue also declined 20% as jet engines, MRI machines, and other items saw weak orders.

<font>GE Capital</font>

The company said in their conference call that the revenue fall can be attributed to their downsizing of GE Capital mostly. The action of General Electric in addition to Bank of America caused some caution to arise in investors that had celebrated good earnings news from JP Morgan Chase and Goldman Sachs just yesterday.

<font>Earnings Expectations</font>

Revenues are expected to fall another 8.5% in the fourth quarter with earnings dropping 33% compared to the fourth quarter in 2008. Analyst are not anticipating any improvement in the numbers as they have held steady in their assessment for some time. The company had surprised to the upside the past two quarters which makes this quarter even more disheartening.

<font>GE Trade</font>

I would not be a holder of GE at this time as its stock price has increased from 10.78 in July to 16.79 just yesterday. If you currently holding the stock this would be a good time to take some of the profits you have made during this recent run-up.