We Predicted GE's Higher Open, And We Were Right (GE)

Obama's State of the Union speech focused on investment in America and building up our infrastructure at home. What company is better than General Electric GE to benefit from positive comments like these? Exactly. As noted Tuesday in Benzinga's Most Comprehensive Trading Guide For The State Of The Union, Obama's emphasis on domestic investment has indeed provided General Electric with a morning boost. General Electric is up 0.6% overnight, not a bad return for a couple minutes of trading. General Electric shares were at $20.10 at the time of posting in pre-market trading, up 0.6% from Tuesday's market close. This move is not surprising, as General Electric's CEO Jeff Immelt said in a December press release that the company angled to capitalize on market openings in 2011. "The Company plans to continue capitalizing on complementary and financially attractive inorganic growth opportunities, opportunistic share repurchases and investing in innovation as part of our thoughtful capital-allocation efforts," Immelt said. All of this will help General Electric benefit from domestic investment. Indeed, President Obama visited General Electric's Schenectady campus last Friday. General Electric is a diversified technology, media and financial services company. General Electric's products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products. The Company serves customers in more than 100 countries. The Company operates through five segments: Energy Infrastructure, Technology Infrastructure, NBC Universal, Capital Finance and Consumer & Industrial.