7.59 +0.31 (4.26%)
Pre-Market: 9:19AM EST
|Bid||7.57 x 4000|
|Ask||7.57 x 1300|
|Day's Range||7.16 - 7.62|
|52 Week Range||6.66 - 19.39|
|Beta (3Y Monthly)||0.54|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 22, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||0.04 (0.56%)|
|1y Target Est||12.28|
shares were notably higher in pre-market trading Wednesday following a report the troubled industrial group has filed confidential plans to float its healthcare unit as it seeks to raise enough cash to maintain both its investment grade credit rating and its current dividend. Bloomberg reported Wednesday that GE working with Goldman Sachs, JPMorgan Chase, Citigroup and Morgan Stanley on a deal that could created one of the world's biggest listed heathcare companies with an enterprise value of around $60 billion. GE shares were marked 5% higher in pre-market trading Wednesday, indicating an opening bell price of $7.64 each, a move that would still leave it with a three-month decline of around 48%.
Investing.com – U.S. futures rose on Wednesday as investors turn their focus to the Federal Reserve press conference later in the session.The S&P 500 futures rose 19 points or 0.78% to 2,557.88 as of 6:40 AM ET (11:40 GMT) while Dow futures jumped 185 points, or 0.78%, to 23,794. Meanwhile tech heavy Nasdaq 100 futures increased 52 points, or 0.80%, to 6,535.75.A fourth rate hike is expected at the conclusion of the FOMC meeting. ...
General Electric shares rose in premarket trading Wednesday after longtime analyst Jeff Sprague raised his rating on the embattled industrial conglomerate's stock to buy.
GE filed confidential paperwork to spin out GE Healthcare in an initial public offering, according to Bloomberg. General Electric GE 's stock gained more than 4 percent in Wednesday's premarket after a report said the company has confidentially filed the paperwork to spin out its health-care unit, GE Healthcare, in an initial public offering that would likely come next spring. GE is working with Goldman Sachs GS , Bank of America BAC , Citigroup C , JPMorgan Chase JPM and Morgan Stanley MS on the planned listing, Bloomberg News said, citing people familiar with the matter.
Nearly a decade after hitting its financial crisis low of $6.66, GE touched the ominous level last week — and it's been roaring back ever since. Matt Maley , equity strategist at Miller Tabak, got it right. GE stock surged 6 percent in Wednesday's premarket to $7.72 a share.
The food company earned an adjusted 85 cents per share for its latest quarter, 4 cents a share above estimates. Revenue was short of forecasts, however, and organic sales were down 1 percent. Winnebago WGO – The recreational vehicle maker reported quarterly profit of 70 cents per share, 6 cents a share above estimates.
Shares of General Electric Co. rallied 2.9% in premarket trade Wednesday, after Bloomberg reported that diversified industrial company had confidentially filed for an initial public offering of its health-care unit. Bloomberg reported, citing people familiar with the matter, that GE is working with Goldman Sachs, Bank of America, Citigroup, J.P. Morgan Chase and Morgan Stanley on the planned IPO. GE said earlier this year that it planned to spin off its health-care business, as part of the company's strategy to focus on its power, aviation and renewable-energy businesses. The stock has tumbled 43.5% over the past three months and has dropped 58.3% year to date, while the Dow Jones Industrial Average has lost 10.3% over the past three months and has slipped 4.2% this year.
With investments in microgrids that can solve challenges associated with climate change induced disasters expected to rise, there are a few companies we're looking at HENDERSON, NV / ACCESSWIRE / December ...
The industrial conglomerate is working with Goldman Sachs Group Inc., Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley on the planned listing, said the people, who asked not to be identified as the details aren’t public. “As we announced in June, as an independent global health-care business, we will have greater flexibility to pursue future growth opportunities, react quickly to changes in the industry and invest in innovation,” GE said in an emailed statement. Goldman Sachs, Bank of America, Citigroup, Morgan Stanley and JPMorgan declined to comment.
Warren Buffett, the company’s CEO, likes these periods of turmoil because they can provide a flush Berkshire (BRK. Buffett capitalized during the financial crisis with well-timed investments in (GS)(GS), (GE) (GE), and other companies. “As a long-term Berkshire holder, this is the kind of environment that you hope for given all the cash,” says David Rolfe, the chief investment officer of Wedgewood Partners in St. Louis.
For General Electric Co., 2018 was a year to forget. The onetime American icon, representing the industrial might of the last century, lost nearly 60% of its stock valuation and was removed from the Dow Jones Industrial Average. It was hurt by more problems at its largest division, which makes massive turbines that generate electricity, and the need to put cash into its struggling GE Capital lending unit.