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There's Nothing Electric About GE

The first stock on our list is General Electric (GE). GE reports earnings this Friday and after three down quarters in a row, earnings estimates to be half of what they were this time last year and an F ranking from Louis Navellier's stock grading service Portfolio Grader, things are not looking good for the conglomerate.

This is a stock that created great wealth for investors from the 1970s through 2000 but has not generated real gains for investors in nearly a decade. It may be tempting to pick up a few shares of a massive company like GE for under $12 a share, but this is not the time for nostalgia.

Steer clear of GE if you're serious about building your portfolio in 2009.

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