Yoojung Park(Stella)
UCR Extension
1200 University Ave. Riverside, CA 92507
Email: [email protected]
Phone : (1-951) 756-3404
2> However, after July 21, the share price of GE has been decreased. On July 22, the
stocks on NYSE were on a downtrend. According to Market Watch, the secondquarter performance of Caterpillar, heavy-equipment maker, was disappointing
and it sparkled the declines of the stock market. Because Caterpillar has the
second biggest proportion among the Dow, the impact was too strong. After the
earnings announcement of Caterpillar, index futures moved downward and stock
index was affected. This dragged the share price of corporations that have good
results down such as GE and Verizon.
3> There is another reason. According to Seeking Alpha, GE made a critical mistake.
GE was moving the headquarters of its historical X-ray business to Beijing. GE
said a few top managers would move to the Chinese capital and there would not
be any job cuts. They see potential growth and cheaper manufacturing over
there, but the fact is that there are some risks that the qualities can be lowered
and the Chinese stole its technology. This situation made investors feel uneasy
and be out of the stock.
I want to keep it. This is my reason why I want to remain it although I lost money. First,
GE has a lower and somewhat stable share price than other stocks such as Amazon and