|Bid||0.00 x 46000|
|Ask||0.00 x 21500|
|Day's Range||11.62 - 11.89|
|52 Week Range||7.65 - 12.24|
|Beta (5Y Monthly)||1.17|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 28, 2020|
|Forward Dividend & Yield||0.04 (0.34%)|
|Ex-Dividend Date||Dec 19, 2019|
|1y Target Est||11.27|
Every day, I walk to work past St Paul’s Cathedral. Its architect Christopher Wren is buried inside, his tomb famously engraved with the words “Lector, si monumentum requiris, circumspice” — reader, if you seek his monument, look around you. Seeking glory, Richard Greenbury, Marks and Spencer’s chief executive until 1999, set out to become the first UK retailer to record £1bn in profit.
General Electric Co. stock just enjoyed its best yearly performance in 37 years, but Wall Street is likely much more interested in what Chief Executive Larry Culp has to say about 2020.
Boeing took the focus off the 737 MAX Saturday as its newest-model 777 jet, the 777X, completed its maiden flight in Washington state.
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bearish calls included aerospace and electric vehicle leaders. It was a good week for renowned CEOS Elon Musk and Jamie Dimon, but not so much for Jeff Bezos.
Commerzbank of Germany increased its share holdings in the plant-based burger maker by more than six times in the fourth quarter. The bank also bought up Microsoft stock and sold GE.
Kramer Capital Research CIO Hilary Kramer joins The Final Round to discuss her top stock picks, and why Boeing and General Electric are buys in this market.
Comcast (NASDAQ:CMCSA) is a company, and a stock, people love to hate.Source: Shutterstock But over the last five years the stock has been meeting the market and delivering a steady stream of dividends that have nearly doubled. People claim they hate it, but some of the legitimate criticism is fading into the past.These days Comcast is no more hated than, say, Facebook (NASDAQ:FB). Oops.InvestorPlace - Stock Market News, Stock Advice & Trading TipsComcast stock took another hit after earnings Jan. 23, despite net income for the fourth quarter of $3.1 billion, 79 cents a share fully adjusted, and revenue of $28.4 billion. Net income was up 29% from a year earlier, free cash flow up 20%.What sent the stock down nearly 5%, after the smoke cleared, was a loss of 149,000 cable subscribers. Even a gain of 442,000 Internet customers couldn't save the shares. The Smell of YesterdayComcast is, they say, simply behind the curve.Comcast is wires in a wireless world. It's cable and broadcast in a world that wants streaming. It's steadily losing customers as it raises prices.All this is true. But Comcast dominates the last mile for most U.S. Internet access. It made a big decision, in the 1990s, to upgrade its network with fiber rings connecting last-mile coaxial cable. This gave it more capacity, at lower cost, than AT&T (NYSE:T) or Verizon (NYSE:VZ). As telephony became TV, Comcast prospered.Then it made the same mistake AT&T later made to go into the content business. It bought NBC Universal from General Electric (NYSE:GE), a four-year struggle that activists feared would let it dominate the future of entertainment.It hasn't turned out that way. Like AT&T, Comcast thought it was buying a strong foundation, but it was buying quicksand. There are two reasons for this.First, wired services are subject to disruption by wireless. Comcast's effort to turn customer WiFi connections into a branded service called Xfinity Wireless failed to gain traction.Second, of course, is cord cutting. Comcast's streaming alternative, Peacock, doesn't launch until July for the general public. Can Comcast Come Back?Peacock has two price points, one with advertising and one without, along with a "free" version for Comcast's cable customers. But it's a year behind Walt Disneys (NYSE:DIS) Disney+ and Apple's (NASDAQ:AAPL) Apple TV Plus. AT&T is also coming out with HBO Max.All these services, and others like ViacomCBS' (NASDAQ:VIAC) CBS All Access, are behind the new "big three" of streaming. That would be Netflix (NASDAQ:NFLX), Amazon and Alphabet's (NASDAQ:GOOGL, NASDAQ:GOOG) YouTube, all of which have over 100 million users each. Streaming is also functionally different from cable, since everything is available all the time. It's also controlled by a streaming stick, not a cable box, a business Amazon now dominates along with Roku (NASDAQ:ROKU). Streaming is also a global market, cable is mostly a national one.Upgrading cable boxes to support a streaming market will cost Comcast billions. Or Comcast could make a play for Roku, either as first-mover or white knight. That battle could become as fraught, and expensive, as the one for NBC Universal, with no assurance Comcast wins the prize. The Bottom LineComcast still has some customer control. It can raise broadband prices to compensate for losses in cable, and it's doing that. It can use its control of last mile Internet to make Peacock at least appear to be a success. Streaming has also yet to fully crack the code in live programming, an area where Comcast dominates.But that is not enough for me. Comcast's 21 cent per share dividend yields just 1.77%. There are much better ways to make money in today's stock market.Dana Blankenhorn is a financial and technology journalist. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in MSFT, AAPL and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post Comcast Is the Stock We Love to Hate appeared first on InvestorPlace.
Shares of General Electric Co. powered higher Thursday, after Morgan Stanley analyst Joshua Pokrzywinski turned bullish and raised his price target by nearly 30% less than a week before the company reports earnings, citing a “budding turnaround” in fundamentals and reduced risk regarding long-term liabilities.
Amazon (AMZN) has faced scrutiny from politicians and labor leaders, who accuse the company of exploiting its dominant position unfairly. Investing in GE stock comes with considerable risks—especially the costs of the company’s pension plan and its long-term care insurance business.
General Electric is in a "budding turnaround" and should see minimal disruption from the Boeing 737 Max crisis, Morgan Stanley said.
Some near-term financial turbulence is in the cards, but there's light at the end of the tunnel for the industrial group.
The market is dropping today, so it’s no surprise to see utilities and real estate among the best performing sectors in the S&P 500. But why are industrial’s performing so well? We have an idea.
Morgan Stanley upgraded shares of General Electric Thursday. The upgrade comes just before fourth quarter earnings are due to be reported next week.
After a miserable few years for General Electric Company (NYSE: GE ) investors, the stock jumped 3% on Thursday after one analyst upgraded GE and said the company’s fundamental outlook is finally improving. ...
GE shares look set to halt a five-day skid linked to its Boeing 737 MAX exposure after analysts at Morgan Stanley boosted their rating and price target on the stock ahead of next week's fourth quarter earnings report.
One analyst called out “downside risks” for Boeing suppliers, including General Electric, Honeywell International, and Parker Hannifin.