High Speed Rail Investment - General Electric Company
The massive high speed rail projects are introducing gigantic pool of money worth $8 billion and companies with high speed rail technologies world-wide are trying to grab part of the pie. Yesterday we've talked about Siemens AG as the leader in making high speed train. And today let's take a look at the second high speed rail related companies - General Electric Company(NYSE:GE).
As a $177 billion giant conglomerate, General Electric is also trying to grab a share of the $8 billion high speed rail funding by teaming up with CSR Corp., a Chinese train maker, to bid the Obama Administrations high speed rail projects. Winning the bid will help General Electric to step into the lucrative high speed rail business.
Being a component of the Dow 30 indices with market cap of $177 billion, General Electric stock has not changed much for the past 52 weeks and is traded around the $13.75 to $19.7 range. Shares are attractive with P/E of 15.58 and respectable dividend of 2.88%. The technical chart shows bullish sign with stock trading above both 20 and 50 day moving average and KD line rising up.
As a $177 billion giant conglomerate, General Electric is also trying to grab a share of the $8 billion high speed rail funding by teaming up with CSR Corp., a Chinese train maker, to bid the Obama Administrations high speed rail projects. Winning the bid will help General Electric to step into the lucrative high speed rail business.
Being a component of the Dow 30 indices with market cap of $177 billion, General Electric stock has not changed much for the past 52 weeks and is traded around the $13.75 to $19.7 range. Shares are attractive with P/E of 15.58 and respectable dividend of 2.88%. The technical chart shows bullish sign with stock trading above both 20 and 50 day moving average and KD line rising up.
posted by Stock Geek at
10:42 PM
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