Monday, November 28, 2016

General Electric Company Cuts Guidance

General Electric Company reduced its full-year 2016 revenue outlook. Does that mean investors should sell the stock? The reduction, which the company announced while providing third-quarter results on Oct 21, has since been overshadowed by the announcement of an agreement to merge its oil & gas operations with Baker Hughes Incorporated . However,the two actions should be thought about jointly when considering what you should do with the stock. Here's what you need to know:

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