Today’s Research Reports on Stocks to Watch: The Boeing Company and General Electric
NEW YORK, NY / ACCESSWIRE / December 8, 2017 / Boeing shares saw gains on Thursday after the company's CEO Dennis Muilenberg spoke to "Mad Money" host Jim Cramer about the company on CNBC. Shares of General Electric closed in green despite announcing that the company would be cutting 12,000 jobs at its power business.
RDI Initiates Coverage on:
The Boeing Company
https://rdinvesting.com/news/?ticker=BA
General Electric Company
https://rdinvesting.com/news/?ticker=GE
The Boeing Company shares closed up 1.33% yesterday and continued to see more gains in after-hours trading, heading up another 0.54%. "Mad Money" host Jim Cramer recently sat down with Boeing CEO Dennis Muilenberg for an interview. The CEO told CNBC yesterday that passenger traffic in the travel sector is growing at 7 percent a year and that his company is at the center of the trend. He stated, "The nature of the business has changed. Global traffic has become very networked, very connected. We've got millions of new people traveling every year. And so our business has turned from being a cyclical, commercial business to a long-term sustained growth business." He also said, "I think we're a big growth engine for the economy, and it's really, again, driven by what we're seeing [in] commercial traffic growth around the world. Less than 20 percent of the world's population has ever taken a single flight, believe it or not. This year alone, 100 million people in Asia will fly for the first time."
Access RDI's The Boeing Company Research Report at:
https://rdinvesting.com/news/?ticker=BA
General Electric Company shares closed up a modest 0.28% on nearly 56 million shares traded on Thursday. The company announced that it is planning to slash 12,000 jobs in its power business. This will account for roughly 18% of GE Power's workforce and will include both production employees as well as professional employees according to the company. The company's division chief Russel Stokes commented, "This decision was painful but necessary for GE Power to respond to the disruption in the power market. Power will remain a work in progress in 2018. We expect market challenges to continue, but this plan will position us for 2019 and beyond." The power unit is GE's biggest division and had sales of $26.8 billion last year.
Access RDI's General Electric Company Research Report at:
https://rdinvesting.com/news/?ticker=GE
Our Actionable Research on The Boeing Company (NYSE: BA) and General Electric Company (NYSE: GE) can be downloaded free of charge at Research Driven Investing.
Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Address:
Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011
Email:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: RDInvesting.com
