General Electric‘s latest earnings report of an increase in first quarter earnings of 77% has given some positive insight into the economy’s recovery.

The company joins the ranks of other companies with their “better than expected” earnings. Revenue increase for the company were due to mainly better business within the locomotive, healthcare and energy sectors.

Acquisitions for GE are said to be limited for 2011 having acquired several companies within the energy space already. Deals worth over $11 Billion over the past 6 months will definitely help the company innovate and grow as a company well into 2011 and 2012.

Other companies with positive earnings reports included United Technologies, Honeywell International and Eaton.

UpDown traders, how are your portfolios doing today? Share with us your thoughts on facebook and twitter as well! Good luck!

-The UpDown Team

This entry was posted on Thursday, April 21st, 2011 at 11:52 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.