Key Analyst Upgrades This Week Thursday, August 26, 2:54 PM ET, by Market News Video Staff On Monday, UBS (UBS) upgraded shares of First Solar (FSLR) from neutral to buy as ...
Banks Earn $21.6 Billion in 2Q Tuesday, August 31, 12:00 PM ET, by Market News Video Staff According to the FDIC, the banking industry earned $21.6 billion in the second quarter of ...
Bonds ETFs Soar As Economic Data Weakens Equities Tuesday, August 31, 3:45 PM ET, by Market News Video Staff Over the last several months, a slew of disappointing economic data has caused investors to ...
Three ETFs to Benefit If Citigroup Is Right Wednesday, September 15, 10:05 AM ET, by Market News Video Staff This morning, Citigroup initiated coverage on shares of General Electric (GE) with a Buy rating ...
By Market News Video Staff, Wednesday, September 15, 10:05 AM ET
This morning, Citigroup initiated coverage on shares of General Electric (NYSE:GE) with a Buy rating as the firm believes earnings growth will resume over the next twelve months. The firm expects GE Capital to lead the charge, possibly growing its earnings by as much as 50%. With the buy rating, Citigroup set a price target of $19 per share, or 18% higher than the current share price.
A few ETFs that stand to benefit if the analyst at Citigroup is correct are the Vanguard Industrials ETF (AMEX:VIS), which holds more than 12% of its portfolio in GE stock; the iShares Dow Jones US Industrial Sector ETF (AMEX:IYJ), which holds 11.3% of its portfolio in GE stock; and the Industrial Select Sector SPDR Fund (AMEX:XLI), which holds 11% of its portfolio in GE stock.
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