|Bid||15.00 x 1300|
|Ask||15.01 x 800|
|Day's Range||14.92 - 15.10|
|52 Week Range||12.73 - 29.47|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.48 (3.42%)|
|1y Target Est||N/A|
Home Depot co-founder Ken Langone defended his decision to give Dick Grasso $140 million and where he is investing his money.
Home Depot co-founder and "I Love Capitalism" author Ken Langone on former NY Gov. Eliot Spitzer and the future of General Electric.
You may not need an investment adviser and their associated high annual fees. Cord-cutting is nothing new, but advertisers are chasing potential customers by increasing their online spending while reducing their reliance on TV commercials. Oil prices haven’t been this high in three years.
It hasn't been a great year to be an investor in the industrials sector, with the Industrial Select Sector SPDR ETF (XLI) off 1% since the start of 2018, compared with a 1.7% gain for the S&P 500. Belski writes that given industrials' underperformance this year--fueled by declines in big names such as Boeing (BA) and General Electric (GE)--it's not surprising that some investors are starting to wonder whether or not it can outperform over the long term.
Activist investor Bill Ackman is calling for another company breakup as a means of “unlocking value.” The target this time? Owners of UTX stock have a right to be worried, not so much because Ackman is wrong (he may well be right), but because the activist investor and hedge fund manager can cause more than a little chaos when he gets involved. The 2010 split-up of Fortune Brands is one example.
Investors in the massive blue chip conglomerate haven’t been able to take much in the way of profit from it for years. But its story offers us some useful takeaways.
Nike Inc (NYSE:NKE) CEO Mark Parker probably hasn’t slept very well for the past couple of months. It’s not a problem with Nike stock, to be clear. Indeed, Nike managed to reach a record high just a few days ago, and continues to test its ceiling.
Big fund and managers soured on General Electric in the first quarter, but they sold even more of fellow Dow stocks Cisco Systems and Bank of America.
General Electric's (GE) Power Services business discloses advanced capabilities which will boost the performance and reliability of other OEM gas turbine fleets.
Were you shocked by the news that 500 of America’s largest public companies will distribute $600 billion via stock buybacks in 2018? In 2004, companies repurchased $230 billion in stock, and throughout the history of the markets, repurchases have been a common strategy employed by large public companies. While there’s no shortage of questions surrounding them, there’s probably none as common as how buybacks really benefit companies: Are they a shortsighted strategy that help corporations hit EPS targets but damage long-term health, or are they a signal of corporate confidence and a way for companies to use their excess cash for something good?
General Electric Co.'s ( GE) stock has been hammered over the past year, with the company losing nearly half of its value, falling by 48%, versus an S&P 500 which is down only 5%. Options traders are starting to change their view on General Electric and are beginning to get more bullish on the name. Additionally, shares of GE are breaking out, rising above a critical level of technical resistance around $14.70, while also nearing another technical downtrend, around $15.20.
Rising bond yields again pressured stocks in early trading Wednesday. However, U.S. equities were able to shake off the worries and run higher. Here are our top stock trades for Thursday. Top Stock Trades for Tomorrow #1: Macy’s (M)
Almost three years after orchestrating a merger between two mid-tier government contractors, he now plans to move into a market "that’s still widely untapped."
Another local company, American Superconductor Corp., or AMSC, praised the president for taking action in response to Chinese theft of U.S. intellectual property.
It was a turnaround for General Electric Co. -- but not of the kind management was hoping to see. Institutional investors dumped more than 126 million GE shares during the three months ended in March, reversing three straight quarters of net purchases, according to regulatory filings data compiled by Bloomberg. Tuesday was the deadline for investment managers with more than $100 million in assets to file their first-quarter 13F reports with the Securities and Exchange Commission.
US-China trade talks are scheduled for this week. While it’s tough to predict the outcome of US-China trade talks, let’s look at some of the events that have unfolded this year. Earlier this year, President Trump imposed Section 232 tariffs on US steel and aluminum imports.
3M (MMM) announced the key dates for its second-quarter dividend on May 8. Investors on record as of May 18, 2018, will be eligible for the dividend. 3M’s ex-dividend date is May 17. The dividend will be paid to shareholders on June 12. At the end of the first quarter, 3M had 612.7 million outstanding shares. Assuming that 3M doesn’t buy back any shares until the record date, it would pay ~$833.30 million in dividends in the second quarter. In the second quarter of 2017, 3M paid a dividend of $701 million.
Massachusetts Mutual Life Insurance Co. is seeking steep premium increases on long-term-care insurance policyholders, a move that will make it much costlier for thousands of customers to pay for nursing homes, assisted living and in-home assistance. The potential increases would apply to about 54,000 of its 72,000 long-term-care policyholders, the company said. In total, the insurer is asking state regulators to approve increases averaging about 77% per customer, a company spokeswoman said.
The dividend yield is what investors get in return for every dollar they invest in a company’s equity during their holding period. Higher dividend yields along with good growth attract long-term investors. As of May 15, 3M’s (MMM) dividend yield stood at ~2.7%, the highest it has been since the fourth quarter of 2015.
By as early as the start of next week, the Trump administration is considering imposing tariffs on nearly 1,300 Chinese exports as a punitive action for alleged theft related to intellectual property (IP). CNN Money provides an indicative list of items that may be subject to tariffs and includes items belonging to the aerospace and marine equipment, manufacturing, and medical supplies sectors, among others. The combined worth of the Chinese items is estimated to be around $50 billion.
The aviation giant continues to generate traction with its long-term initiatives and is well positioned going into the next decade.
General Electric's (GE) Power Services business enters into an agreement with Saudi Cement to upgrade three GE 6B gas turbines at Hofuf plant.