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GE - Baker Hughes: General Electric Overhang Is Too Risky To Ignore
General Electric Company
Baker Hughes CEO Lorenzo Simonelli. Source: Houston Chronicle
Baker Hughes (BHGE) reports quarterly earnings July 31st. Analysts expect revenue of $5.81 billion and EPS of $0.19. The revenue estimate implies 3% growth sequentially. Investors should focus on the following key items.
North America Could Gain Traction
I have been bearish on the global economy for a while now. I assumed waning demand for oil would hurt E&P in the oil patch, and eventually punish oil services stocks. OPEC supply cuts have caused distortions in oil prices, which have inured to the benefit of