GE Conference Call

GE stock was down more than 9%, yesterday. The stock was down amid concern that the overview, which was announced less than a week ago, implies GE Capital will become a bigger-than-expected drag on overall results.

GE will hold a conference call this morning in an attempt to quell the panic. Of late, these investor conference calls have only added to selling pressure. Citi's conference call before the government rescue being the most recent example.

GE has missed its own quarterly earnings guidance twice this year in large part owing to shortfalls at GE Capital.

UPDATE: On the conference call, GE said earnings are trending toward the low end of its previous range and it plans restructuring charges.