General Electric (GE) Taps New Low On Lingering Concerns

General Electric (NYSE: GE) is trading at a fresh 52-week low today, down 3% to $11.75. There are a couple news items today, but the continued downside-theme for the stock is the potential for a dividend cut or AAA rating cut, or both.

Other GE News:

1. GE's NBC affiliate broadcasted last night's exciting Super Bowl. The Pittsburgh Steeler's last minute 27-23 victory over the Arizona Cardinals generated a 42.1 rating, according to preliminary Nielsen numbers. This is down slightly from last year's 43.1 rating.

2. The WSJ said GE Capital may not benefit from the 'bad bank' plan because its marks on the books may not be adequate and the plan will likely focus mostly on residential mortgage assets, which GE does not have a lot of.

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