CNBC "personality" was careful to say that GE beat on expectations, but did they? More importantly, are we going to get the facts from people whose pensions rely on GE's stock success.

So the audience has heard that GE surprised to the upside on earnings by a penny and revenues by a billion this quarter. Fact: GE didn't.

Read the Value Line report that was published minutes ago, for some facts.

(GE: Value Line Report Oct. 13: next one is due Dec. 12)

VL forecasted revenues of $41.0 billion and the revenues came in at $40.9.

VL forecasted $0.50 earnings and the actual was $0.49.

CNBC says GE beat the numbers.

Value Line says CNBC is just "a drag".

So who are you going to believe, Value Line or Kernan? :-)

Actually " all kidding aside -- if you do read the GE report by VL, you'll see why the company is a Cara 100 favorite. If you continue to buy the dips where RSI drops to 30-40 on the Weekly and Daily RSI-7, as well as take in the healthy dividends, and ignore everything else, you'll enjoy Total Returns (TR) of about +20-pct annually over a lifetime.

What's to complain about " other than Joe Kernan of course (lol).

Kernan btw once sent me an e-mail after I complained to their network over an on-air statement by an old (and elderly) weatherman who joshed Vancouver BC as having no snow, and hence ought not get the Winter Olympic Games of 2010, which they did later earn. This was politics at its slimiest " the month was July. The Winter Games are in the (duh) winter, and the alpine sports are at Whistler, which happens to be the perennial number one rated winter resort in North America.

Kernan wrote back to say that they " the CNBC "personalities" merely engage in free association thinking, which is something I happen to do, and not expect from people who often show signs of being brain dead.

Nevertheless, this is about GE, which owns CNBC, and not about the GE anchors (hahaha). GE is a solid company and ought to be a core component of any conservative portfolio, including Mom & Pop's.

Just remember to buy loads on weakness, and sell a little into strength. If you go to the second line of the Value Line report, you'll see the annual hi-low for the past ten years. The past two years haven't seen much hi-low variance, but history suggests a wide spread.

General Electric [GICS 20, Dow 30, Cara 100]
(GE: Yahoo Finance file)
(GE: StockChart chart)
(GE: Investertech chart)
(GE: ADVFN Financial Data)(GE: ADVFN Financial Data)
(GE: Value Line Report Oct. 13: next one is due Dec. 12)