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Sunday, October 17, 2010

General Electric Drops to the tenth Spot (NYSE: GE)

Fairfield, Connecticut- The once mighty General Electric is now the tenth largest company in the United States in terms of market capitalization. Investors have hammered GE stock since 2007 when the company had a market cap of nearly $400 billion today shareholders value the company at $174 billion. Investors dropped GE shares 5% on Friday as revenues in their quarter three results came in lower than expected. GE has seen its profit decline from a record $22 billion in 2007 to $11 billion in 2009. Despite this 50% drop in profit the stock is 60% lower. Allan Edwards the CEO of The Markets Are Open has recommended GE shares since March 2009.

To see his full report Click Here

1)Exxon Mobil Corporation
2)Apple Inc
3)Microsoft Corporation
4)Berkshire Hathaway Inc.
5)Wal-Mart Stores, Inc.
6)Google Inc.
7)The Procter & Gamble Company
8)International Business Machines Corp.
9)Johnson & Johnson
10)General Electric Company

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