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Investing

United Tech May Still Be Best Conglomerate For 2012 (GE, UTX, GR)

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By Jon C. Ogg Updated Published
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General Electric Co. (NYSE: GE) is a personal favorite among conglomerate stocks right now for 24/7 Wall St. and we went as far as to add GE to the 2012 Model Dividend Portfolio.  Still, it was United Technologies Corporation (NYSE: UTX) which was called the conglomerate with the most upside in 2012.

Today’s earnings report was originally taken as a disappointment: EPS of $1.47 on revenue of $14.97 billion; consensus estimate called for EPS of $1.46 on revenue of $15.07 billion.  Perhaps that disappointment was a gift.  After opening down about 1% at $76.95 and after having traded briefly under even $76.00, this stock has come screaming back and it is now up marginally for the day so far.

The wild card is the ongoing acquisition of Goodrich Corporation (NYSE: GR).  If today’s reaction is any judge, UTX remains the conglomerate with the most upside based on the price and the consensus price target objective.  With shares up 0.25% at $77.98 on the day now, the consensus price target from Thomson Reuters of $89.44 (before the changes after earnings in the coming days) is $89.44.  That is still upside of about 15% and United has that 2.5% dividend yield which should be rising soon as well.

JON C. OGG

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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