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The General's Daughter

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Where's my Snoop?

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The General Electric (GE:NYSE) conference call has begun and they've snipped full year EPS estimates to a range of $1.55-$1.61 (previous estimate was a range of ($1.55-$1.70). The street was expecting the top end of the range to be lowered but this is slightly below the whispers I heard. I'm not involved in the name (at present) but I wanted to keep ya up. As it stands, the stock is trading 20 cents lower in pre-market trade.

Away from that, Europe is stronger this morning and the stateside futes are hangin' tough. The first area of upside resistance is S&P 994 and that can be used as a tight stop for the active Minyans among you. Keep in mind that next week's triple-E (earnings, Elmer, expiry) will color today's action and remember to trade within your means.

I've gotta hop and jump back on the call. Good luck today...and play like an Orangeman!
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