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- Hedging strategy for weak USD.
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Last week General Electric (GE) released good results which met expectations. Infrastructure business unit grew its profit by 26% in forth quarter. This segment makes up 40% of GE total earnings.More than 50 percent of GE revenues now coming from outside the U.S.Still strong global demand and weak USD are major factors which are helping US companies with international focus. The question is if this is already reflected in stock prices. But investment to exporters and multinationals is still smart play….
Original Source
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19 January, 2008| Economy |
@ 22:53
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