Tuesday, September 30, 2014

Tuesday’s Analyst Moves: Apple Inc., Lockheed Martin Corporation, Ford Motor Company, More (AAPL, LMT, F, More)

Before Tuesday’s opening bell, a number of big name dividend stocks were the subject of analyst moves. Below, we highlight the important analyst commentary for investors.

Jefferies Starts Coverage on Apple

Jefferies has initiated coverage on Apple Inc. (AAPL) with a “Hold” rating and a $110 price target. Analysts now expect the company to face an overall device growth slowdown. AAPL has a dividend yield of 1.88%.

Lockheed Martin Boosted to “Buy”

Lockheed Martin Corporation (LMT) has been upgraded from “Hold” to “Buy” at Stifel Nicolaus as the company is expected to continue returning cash to investors through dividends and buy backs. The firm has a $220 price target on LMT, suggesting a 22% upside from Monday’s closing price. LMT has a dividend yield of 3.31%.

Credit Suisse Lowers Estimates on Ford Motor Company

Credit Suisse has lowered its price target on Ford Motor Company (F) to $15.50. The firm has also cut estimates on Ford through 2016 as the company is seeing weakness. F has a dividend yield of 3.31%.

Raytheon Upgraded to “Buy”

Raytheon Company (

Thursday, September 25, 2014

5 Reasons to Play the Dave & Buster's IPO

Dave And Busters In Braintree Aram Boghosian/The Boston Globe/Getty Images The next hot restaurant initial public offering could be a company that wouldn't mind playing games with you. Dave & Buster's -- the chain of gargantuan restaurants with enclosed arcades and game rooms -- filed to go public earlier this month. If everything goes as planned, it will begin trading later this year under the ticker symbol PLAY on the Nasdaq exchange. There's more to Dave & Buster's than a D&B logo on the outside and a group of adults reliving their childhood at the video game arcade on the inside. Let's go over several of the reasons you may want to consider buying into the upcoming IPO. 1. Dave & Buster's Is Growing Quickly One thing to watch for in assessing eatery IPOs is to make sure that they're not going public as an exit strategy. Investors were burned last year by chasing the once-hot IPOs of sandwich baker Potbelly (PBPB) and pasta tosser Noodles & Co. (NDLS) while store-level popularity was actually peaking. Growth is accelerating at Dave & Buster's. Revenue may have inched just 5 percent higher last year, but sales have soared nearly 17 percent through the first half of this fiscal year. 2. It's Been Here Before This isn't the first time that Dave & Buster's will be a publicly traded company. Investors were able to bet on the company's success until it was taken private by Wellspring Capital Management in 2006. It was then sold to Oak Hill Capital Partners four years later in a $570 million transaction, and now that firm is taking it public. This may not seem like much of a selling point. Some will argue that it reveals a tendency to quit. However, it can also be viewed as a company that is already used to the market's quarterly expectations, with the experience to navigate through Wall Street's fickle tastemakers. 3. Dave & Buster's Offers Diversity From Volatile Food Prices One of the biggest potential setbacks for a restaurant operator is the volatility of food prices. Costs of key menu components go up and down, and sometimes even market darlings have a hard time passing along increases to their customers. Dave & Buster's is lucky in that regard. Food sales made up just 33.6 percent of the company's revenue. A little more than half of its revenue comes from the amusements and other diversions that it makes available throughout its buildings, with the remaining 15.2 percent coming from beverages. This obviously comes in handy relative to traditional operators whenever chicken, pork and dairy prices spike. In fact, food and beverage costs swallowed up just 12.2 percent of Dave & Buster's revenue last year. 4. Comps Remain Positive Another thing for restaurant IPO investors to watch is comparable-restaurant sales. Some companies are hitting the market just as their popularity is starting to peak. That's not the case here. Dave & Buster's has come through with increases of 1 percent, 3 percent and 2.2 percent through the past three years. And there's a 5.2 percent gain through the first six months of the fiscal year. 5. Dave & Buster's Is Starting to Think Small One knock on Dave & Buster's is that it may be getting too big. With 69 locations, where will the future D&B's go? Even major cities really can't handle more than one or two locations without seemingly cannibalizing sales. Well, Dave & Buster's has responded by opening smaller locations in smaller markets. It's eyeing sites with 25,000 to 35,000 square feet, well below its current average of 47,000 square feet. They may generate less revenue, but they are also cheaper to build out and run. The return on investment remains the same for the small and large properties. Given the scalable nature of this model -- and that it's one in which operating profits have been growing faster than revenue -- Dave & Buster's could be worthy of its PLAY ticker symbol.

If investors are hungry for something a little more exciting, thankfully there's no shortage of faster growing publicly traded restaurant chains that are doing just fine.

Wednesday, September 24, 2014

Dow Jones Industrials: Two Days, Two 100 Point Drops

As the Wonder Pets might say: “This is sewious.”

Getty Images

The Dow Jones Industrial Average fell 116.81 points, or 0.7%, to 17,055.87 today, its second consecutive drop of 100 or more points. The last time the Dow dropped 100 points or more for two consecutive days was in June.

The S&P 500, meanwhile, declined 0.6% to 1,982.77, while the Nasdaq Composite dipped 0.4% to 4,508.69. The small-company Russell 2000 once again suffered the most, having dropped 0.9% to 1,118.72.

Don’t blame the U.S. for today’s decline. An index of home prices rose 0.1% in July and us now just 6.4% below their April 2007 high, while the Markit flash purchasing managers index stayed at 57.9, a 52-month high. If only the same could be said Europe, where the PMI fell to 52.3 in August. The folks at Bespoke Investment Group consider the data:

PMIs were mixed, with beats in French Manufacturing and German Services, but bad misses vice-versa. On a Eurozone basis, both Manufacturing and Services PMIs missed, although narrowly. In short, this report muddied the waters and was neither good news for the economy in Europe nor terrible news that might prompt further policy support from fiscal authorities. European equities are reacting accordingly, a buyer's strike under way from almost the first trades.

ISI Group’s Dennis DeBusschere thinks the risks are rising:

All of this comes back to an argument we have been making for some time. With the S&P fully valued, the Fed clearly signaling its intention to raise rates in 2015, though likely earlier than many would like, ECB QE still just an expectation, equity returns should follow the path of earnings growth. With the slowing in leading indicators, the risk of a market decline is rising. Again, our base case is a mildly stronger market into the end of the year, but the risk / reward spread is clearly worsening.

And just before Rosh Hoshanah too.

Saturday, September 20, 2014

4 Stocks Under $10 Moving Higher Into Breakout Territory

DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.

Read More: 5 Hated Earnings Stocks You Should Love

Stocks that are making large moves like these are favorites among short-term traders because they can jump into these names and try to capture some of that massive volatility. Stocks that are making big-percentage moves either up or down are usually in play because their sector is becoming attractive or they have a major fundamental catalyst such as a recent earnings release. Sometimes stocks making big moves have been hit with an analyst upgrade or an analyst downgrade.

Regardless of the reason behind it, when a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits. If you time your trade correctly, combining technical indicators with fundamental trends, discipline and sound money management, you will be well on your way to investment success.

With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside.

Read More: 10 Stocks Billionaire John Paulson Loves in 2014

RiceBran Technologies

RiceBran Technologies (RIBT), a human food ingredient and animal nutrition company, is engaged in the processing and marketing of healthy, natural, and nutrient dense products that are derived from rice bran. This stock closed up 4.7% to $5.34 in Thursday's trading session.

Thursday's Range: $5.02-$5.39

52-Week Range: $3.56-$14.000

Thursday's Volume: 223,000

Three-Month Average Volume: 109,502

From a technical perspective, RIBT ripped higher here back above both its 50-day moving average at $5.16 and its 200-day moving average at $5.26 with above-average volume. This sharp move to the upside is now quickly pushing shares of RIBT within range of triggering a major breakout trade. That trade will hit if RIBT manages to take out Thursday's intraday high of $5.39 to its recent gap-down-day high of $5.64 with high volume.

Traders should now look for long-biased trades in RIBT as long as it's trending above some near-term support levels at $5 or at $4.84 and then once it sustains a move or close above those breakout levels with volume that hits near or above 109,502 shares. If that breakout hits soon, then RIBT will set up to re-fill some of its previous gap-down-day zone from earlier this month that started at $6.90.

Ocean Power Technologies

Ocean Power Technologies (OPTT) develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in the U.S., Europe, Asia, and Australia. This stock closed flat to $1.30 in Thursday's trading session.

Thursday's Range: $1.22-$1.35

52-Week Range: $1.03-$7.01

Thursday's Volume: 355,000

Three-Month Average Volume: 407,620

From a technical perspective, OPTT bounced around here right above some near-term support at $1.21 with decent upside volume flows. Shares of OPTT briefly traded to an intraday high of $1.35, before closing at $1.30 and finishing just above its 50-day moving average of $1.28. Shares of OPTT are now starting to move within range of triggering a major breakout trade. That trade will hit if OPTT manages to take out Thursday's intraday high of $1.35 to some more key overhead resistance levels at $1.50 to $1.54 with high volume.

Traders should now look for long-biased trades in OPTT as long as it's trending above some near-term support at $1.21 or above more support at $1.14 and then once it sustains a move or close above those breakout levels with volume that hits near or above 407,620 shares. If that breakout hits soon, then OPTT will set up to re-test or possibly take out its next major overhead resistance levels at $1.80 to $1.84, or even just above $2.

Read More: 3 Huge Stocks on Traders' Radars

PhotoMedex

PhotoMedex (PHMD), a skin health company, provides integrated disease management and aesthetic solutions to dermatologists, professional aestheticians, and consumers in North America, the Asia Pacific, Europe, and South America. This stock closed up 2.2% to $7.40 a share in Thursday's trading session.

Thursday's Range: $7.04-$7.43

52-Week Range: $7.04-$16.82

Thursday's Volume: 115,000

Three-Month Average Volume: 120,912

From a technical perspective, PHMD bounced higher here right off its new 52-week low of $7.04 with decent upside volume flows. This stock has been downtrending badly for the last two months and change, with shares moving lower from its high of $12.75 to that new 52-week low at $7.04. During that downtrend, shares of PHMD have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of PHMD are now starting to rebound off oversold levels, since its current relative strength index reading is 27.8. This rebound is starting to push shares of PHMD within range of triggering a near-term breakout trade. That trade will hit if PHMD manages to take out some near-term overhead resistance levels at $7.56 to $7.60 with high volume.

Traders should now look for long-biased trades in PHMD as long as it's trending above its 52-week low at $7.04 and then once it sustains a move or close above those breakout levels with volume that hits near or above 120,912 shares. If that breakout materializes soon, then PHMD will set up to re-test or possibly take out its next major overhead resistance levels near $8.50 to $9, or even its 50-day moving average of $9.36.

Read More: 5 Breakout Stocks Under $10 Set to Soar

Nanosphere

Nanosphere (NSPH) provides molecular diagnostic tests that can lead to earlier disease detection, optimal patient treatment, and enhanced healthcare economics. This stock closed up 4% to 63 cents per share in Thursday's trading session.

Thursday's Range: $0.59-$0.66

52-Week Range: $0.54-$2.97

Thursday's Volume: 653,000

Three-Month Average Volume: 1.21 million

From a technical perspective, NSPH ripped higher here right above some near-term support at 58 cents per share with lighter-than-average volume. This spike to the upside on Thursday briefly pushed shares of NSPH into breakout territory, since the stock flirted with some near-term overhead resistance at 65 cents per share. Shares of NSPH tagged an intraday high of 66 cents per share, before closing just below that level at 63 cents per share. This move is now starting to push shares of NSPH within range of triggering another big breakout trade. That trade will hit if NSPH manages to take out Thursday's intraday high of 66 cents per share to some more near-term overhead resistance at 70 cents per share with high volume.

Traders should now look for long-biased trades in NSPH as long as it's trending above some key near-term support levels at 58 cents to 56 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.21 million shares. If that breakout develops soon, then NSPH will set up to re-test or possibly take out its next major overhead resistance levels at 80 cents to 90 cents per share, or even 99 cents per share.

Read More: 5 Stocks With Big Insider Buying

To see more stocks that are making notable moves higher, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.

-- Written by Roberto Pedone in Delafield, Wis.


RELATED LINKS:



>>4 Big Stocks to Trade (or Not)



>>Hedge Funds Love These Tech Stocks -- but Should You?



>>5 Big Financial Stocks to Boost Your Gains in September

Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including

CNBC.com and Forbes.com.

You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.


Wednesday, September 17, 2014

3 Hot Stocks to Trade (or Not)

BALTIMORE (Stockpickr) -- Put down the 10-K filings and the stock screeners. It's time to take a break from the traditional methods of generating investment ideas. Instead, let the crowd do it for you.


Read More: 5 Stocks With Big Insider Buying

From hedge funds to individual investors, scores of market participants are turning to social media to figure out which stocks are worth watching. It's a concept that's known as "crowdsourcing," and it uses the masses to identify emerging trends in the market.


Crowdsourcing has long been a popular tool for the advertising industry, but it also makes a lot of sense as an investment tool. After all, the market is completely driven by the supply and demand, so it can be valuable to see what names are trending among the crowd.


While some fund managers are already trying to leverage social media resources like Twitter to find algorithmic trading opportunities, for most investors, crowdsourcing works best as a starting point for investors who want a starting point in their analysis. Today, we'll leverage the power of the crowd to take a look at some of the most active stocks on the market today.


Without further ado, here's a look at today's stocks.

Read More: Warren Buffett's Top 10 Dividend Stocks

RadioShack

Nearest Resistance: $1.60

Nearest Support: $1

Catalyst: Rescue Deal

Shares of beleaguered electronics retailer RadioShack (RSH) are rallying to the tune of 20% on massive volume this afternoon, up following news that the firm is discussing a possible rescue plan with one of its biggest shareholders. RadioShack is in talks with hedge fund Standard General to possibly finance a rescue package that could help the firm avoid bankruptcy. While the possibility of a bailout is far from certain at this stage, the prospect is providing more than enough buying pressure for today's pop.

RadioShack has spent most of 2014 wearing cement shoes – even with today's 20% rally, shares of RSH are still down more than 60% since the calendar flipped to January. But RadioShack could be about to make up for lost ground. Shares officially broke their downtrend last week, and more upside looks likely from here.

Read More: 10 Stocks George Soros Is Buying

Oi SA


Nearest Resistance: $0.70

Nearest Support: $0.50

Catalyst: Acquisition Plan

Brazil's number-four wireless carrier, Oi SA (OIBR) is up 11% this afternoon, following news that the firm had engaged Banco BTG Pactual to review its options for acquiring TIM Participacoes from Telecom Italia (TI). The potentially $8 billion acquisition would be transformative for Oi, ratcheting up the firm's scale, and making it more competitive with its bigger Latin American rivals. More importantly for shareholders of this low-priced name, today's news is breaking the long-term downtrend in OIBR.

OIBR has been a horrific name to own in 2014, down more than 60% year-to-date, even with today's double-digit rally factored in. But the long-term downtrend finally broke on today's breakout. That means that investors who aren't risk-averse can consider piling into shares here.

Read More: 7 Stocks Warren Buffett Is Selling in 2014

Halliburton

Nearest Resistance: $70

Nearest Support: $67

Catalyst: Gabelli Comments

Halliburton (HAL) is seeing big volume this afternoon, down 1.6% following comments by Gamco's Mario Gabelli yesterday on CNBC. Gabelli thinks that Halliburton could be a potential suitor for Weatherford International (WFT) at up to a 50% premium to today's prices. So today, shareholders are selling on worries that such a deal could destroy value for HAL.

Ultimately, today's price action isn't technically significant. Shares have been consolidating sideways since the calendar flipped to August, churning after a big move to start the year. A breakout above $70 resistance is the technical trigger that needs to happen before HAL becomes buyable again.

Read More: 5 Hated Earnings Stocks You Should Love

To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr.



-- Written by Jonas Elmerraji in Baltimore.


RELATED LINKS:



>>3 Stocks Under $10 to Trade for Breakouts



>>4 Dividend Stocks Ready to Pay You More



>>5 Stocks Set to Soar on Bullish Earnings

Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in the names mentioned.

Jonas Elmerraji, CMT, is a senior market analyst at Agora Financial in Baltimore and a contributor to

TheStreet. Before that, he managed a portfolio of stocks for an investment advisory returned 15% in 2008. He has been featured in Forbes , Investor's Business Daily, and on CNBC.com. Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation.

Follow Jonas on Twitter @JonasElmerraji


Tuesday, September 16, 2014

Who Owns the Internet of Things?

You could argue Apple and Google own the smartphone OS space, that Qualcomm dominates the mobile baseband market, and that Amazon.com is the king of online retail.

But the Internet of Things is a different story. The burgeoning sector is still determining its standards, let alone choosing winners. 

To understand how the Internet of Things, or IoT, is infiltrating technology companies, let's take a quick look at who's doing what in the space.

Source: Broadcom.

The brains behind IoT
The semiconductor company Broadcom  (NASDAQ: BRCM  )  just released a $20 software developer kit and device, packed with five sensors for IoT testing. The WICED device comes with Broadcom's BCM20737 chip, which the company hopes will become an integral part of the Internet of Things. The device includes an electric compass, barometer and altimeter, humidity and temperature sensors, and motion-sensing gyroscope and accelerometer.

Broadcom's BCM20737 chip supports Apple's iBeacon indoor location tracking technology, A4WP wireless charging, and has its own on-chip encryption and decryption security. Broadcom's efforts combine two important characteristics of IoT: small and inexpensive.

But chipmaker Intel (NASDAQ: INTC  ) is making huge strides in IoT as well, and earned $539 million in Internet of Things revenue in Q2 2014, outpacing the company's $51 million in mobile revenue in the same quarter. Intel's new Quark processor and Edison board are a big part of the company's IoT plans.

Intel is using its chip know-how to create a smart city in San Jose, California, and earlier this year the company teamed up with other companies to launch the Industrial Internet Consortium, or IIC, to help create network and security standards for IoT.

Intel Edison. Source: Intel.

Not to be outdone in the space, IBM (NYSE: IBM  ) recently took the lid off a new chip called TrueNorth, which is a brain-inspired microprocessor. One of the chip's creators, Dharmendra Modha, said, "It could become the silicon brain for the 'Internet of things," and change the entire mobile experience.

The U.S. government may agree. The Pentagon Defense Advanced Research Projects Agency, or DARPA, has spent $53 million on the TrueNorth project since 2008. IBM hopes TrueNorth will be a driving force in IoT processing, though it's likely the chip is still a few years away from commercialization.

While IBM, Broadcom, and Intel are quickly moving into IoT, NVIDIA, Qualcomm, and others are moving forward as well, and there's still plenty of room for new leaders to spring up in IoT processing.

Making the connection
One of the biggest leaders in machine-to-machine communication, or M2M, is Sierra Wireless (NASDAQ: SWIR  ) , a small-cap company that's helping usher in the Internet of Things. The company's 3G-connection module sits in Tesla's Model S sedan and helps the car connect to AT&T's network.

The modules can also be found in Nespresso's coffee makers, mobile hotspots for Sprint, mobile payment devices, and energy regulation systems. Though not many people have heard of the company, Sierra Wireless takes about 34% of all embedded cellular M2M business worldwide.

There's far more than embedded chips, sensors, and modules that keep IoT expanding though. General Electric (NYSE: GE  ) is one of the biggest proponents of what it calls the Industrial Internet, and the company is making big waves in the industry.


Source: General Electric.

GE's Predix software monitors connected 'things' like plane engines, wind turbines, and medical devices to ensure the equipment is working properly and efficiently. The software taps into sensors and connectivity modules so companies can monitor usage, gather data and even let machines communicate problems before they appear.

GE says that if just 1% of aviation fuel is conserved from using Industrial Internet efficiencies then $15 billion is saved. Similarly, a 1% reduction in system inefficiencies for healthcare would result in $63 billion savings.

GE's not the only one looking to make its mark on IoT though. Cisco Systems (NASDAQ: CSCO  ) provides cloud data storage, smart city management, and IoT software management for oil and gas, mining, utilities, and transportation. Apart from its own projects, Cisco has also investing hundreds of millions of dollars into start-up companies focused on the Internet of Things.

The company is also part of Intel and GE's Industrial Internet Consortium, and predicts that by 2020 there will be 50 billion devices connected to the Internet.

A wide-open field
The above list of companies is just a small representation of the bigger IoT industry. Apple and Google are pushing the Internet of Things in their own way, mostly in home automation. But there's still plenty of room for more companies to join in, and standardization will likely fuel their adoption. Right now, IoT is a bit fragmented and not as secure as it should be. As it evolves, new companies will be able to add their expertise to the Internet of Things, and drive its expansion.

The real winner is behind the Apple Watch (warning, it may shock you)
Apple recently revealed the product of its secret-development "dream team" -- Apple Watch. The secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see where the real money is to be made, just click here!

 

Friday, September 12, 2014

GE’s Upcoming Focus Area – Oil and Gas

General Electric (GE) has been a surprise winner in the on-going U.S. energy revolution and has currently grown into one of the major equipment suppliers for oil and gas companies. In the oil and gas conference held on September 10, the management discussed the future prospects of the oil and gas industry sector. The company has also undertaken quite a few inorganic growth measures which have propelled the growth of the oil and gas sector in a greater manner. Let's take a sneak peek into the oil and gas sector of the industry segment, and assess what innovative steps GE is taking to bring brighter days for this sector.

Acquisition spree has fueled growth

While GE has seen some organic growth in this line of business, acquisitions have been its key driver. Between 2010 and 2013, GE has spent over $11 billion on acquisitions linked to this industrial segment. The most notable of these was the deal to acquire Lufkin (LUFK) in 2013, for which the company paid a premium of 40%. By acquiring Lufkin, GE was able to acquire a specialized equipment provider for oil and gas wells, specifically those involved with artificial lift technology.

Soon after the acquisition, the oil and gas segment registered robust growth. Revenue for the second quarter of 2014 rose 20%, while operating profits increased by 25%. Furthermore, equipment servicing revenue has become the focus area of growth, up 11% in the second quarter.

Innovative solutions to enhance growth

In a recent article from the Financial Times, GE's Oil and Gas division head Lorenzo Simonelli stated that the company had started to become a major player in the oil and gas industry, taking market share from the "big four" in the industry- Schlumberger (SLB), Halliburton (HAL), Weatherford (WFT) and Baker Hughes (BHI). Although it still remains smaller than the big four it does have a promising future ahead.

In fact, GE's intelligent pipeline concept is one of the greatest hi-tech solutions formulated by the R&D section of the company. This concept aids in using sensors in oil pipes that allows for better monitoring of flow and pressure within the pipeline, something that was pretty difficult to monitor in standard pipelines. And as this concept brings more reliability and security to oil pipelines, GE has even bagged customers opting for the "intelligent pipeline." Columbia Pipeline Group has signed up to be its first customer for implementing this technology across its 15,000 mile pipeline network in its efforts to bring around modernization.

GE management is hopeful that very soon this technology will turn into an industry standard, and GE's oil and gas division head has opined, "The industry is becoming more regulated, more complex and more technically challenging. It is looking for improved capital efficiency, and the biggest inefficiency of all is unplanned downtime."

In the conference held yesterday, the management stated, "Our portfolio now goes beyond equipment. Through our advanced technology, including hardware and software solutions and services, we help our customers manage their operations in a cost-efficient manner driving capital efficiency." They further added that GE expects subsea industry to improve globally 9% per year and liquefied natural gas industry to increase 8% per year by 2017.

Future initiatives

GE spoke of the upcoming initiatives in this segment during the conference to illustrate the breadth of GE's oil and gas capabilities to meet the