|Bid||0.00 x 900|
|Ask||0.00 x 1300|
|Day's Range||9.03 - 9.25|
|52 Week Range||6.66 - 17.36|
|Beta (3Y Monthly)||0.32|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.04 (0.45%)|
|1y Target Est||N/A|
The airline, also known as Oceanair, is in early talks with the New York hedge fund led by billionaire Paul Singer to get fresh cash as it struggles to keep operations going after filing for bankruptcy protection last month, the people said, asking not to be named because the information isn’t public. A representative for Avianca Brasil declined to comment on the Elliott negotiations, but said the company discontinued direct flights departing from Guarulhos to Santiago de Chile, Miami and New York starting March 31 in order to adapt its operation to the current passenger demand. This week, a decision to ground part of Avianca Brasil’s fleet dealt a fresh blow to the already crippled airline.
China Reportedly Offered Zero Trade Surplus with USUS–China trade warIn the fourth quarter of 2018, the broader market saw an intense sell-off due to rising interest rates, the US–China trade war, and growing concerns about a global economic
GE Stock Gains on Asset Divestment AnnouncementDivests TPS assets General Electric (GE) gained ~1.8% yesterday after the company showed its intent to improve its liquidity position. Late Wednesday, the industrial conglomerate revealed that MUFG Union
A tepid start for stocks yesterday didn't last. Hope for an end to the trade stalemate with China led the S&P 500 to a close of 2,635.96, up 0.76% on a move that dragged most indices above key technical resistance. Bank of America (NYSE:BAC) led the charge again, gaining another 1.9% and setting a pace for most other banking and financial stocks. Advanced Micro Devices (NASDAQ:AMD) actually posted the bigger gain though, gaining 2.6%, yet also for no other reason than a potential end to the tariff-driven conflict. A handful of stocks were left out of the rally, however. Morgan Stanley (NYSE:MS), for instance, fell 4.5% after posting surprisingly poor results for its recently-ended quarter. InvestorPlace - Stock Market News, Stock Advice & Trading Tips As has been noted already, the divergence among stocks is actually beneficial, as it makes clear that not every stock is subject to the greater market tide. Stock-specific setups are at least a bit more trustworthy. To that end, take a look at the stock charts of Nike (NYSE:NKE), General Electric (NYSE:GE) and Wynn Resorts (NASDAQ:WYNN), all three of which are dropping hints of brewing, trade-worthy moves. ### General Electric (GE) Last week, General Electric was discussed as a budding rebound candidate that had bumped into a short-term ceiling. Though it was a hurdle that could have been challenging to clear, the undertow was encouraging. * 7 Stocks to Buy as the Dollar Weakens That resistance remained intact for the next several days. As of Thursday, though, the bears flinched and the bulls tipped the scales just enough to merit another look. Click to Enlarge • The ceiling in question is right around $9, plotted with a white dashed line. That line kept the buyers at bay for the better part of a week, but could no longer do so. Thursday's high and close were both above that mark. • The shape of the turnaround is also compelling. Smooth, u-shaped turnarounds tend to result in longer-lived rallies than sharp V-shaped ones do. • Although the buyers are back in charge, there aren't a whole lot of them. The buying volume needs to improve, though it likely will as (or if) GE works its way through the 100-day and 200-day moving average lines. It's going to be more of a process than an event though. ### Wynn Resorts (WYNN) With nothing more than a quick glance at the daily chart of Wynn Resorts it might look like the stock is merely chopping sideways after last year's meltdown. When taking a step back and looking at the bigger picture though -- and examining the weekly chart up close -- it becomes clear there's more underway than just some sideways consolidation. The bulls are testing the waters for a reversal, having broken through some well-established resistance lines. Click to Enlarge • The big resistance line that no longer matters is the one that tags all the major highs between June and October. Plotted with a yellow dashed line, that barrier was broken in late November. The bears took another shot in December, but couldn't keep it down. • The next major ceiling is the gray 100-day moving average line, currently at $115.43. The buyers have demonstrated a bit of hesitation at it nears, but if it's cleared, there's little left to hold WYNN down. • Beyond the 100-day moving average line, the next most plausible ceilings are the Fibonacci retracement lines at $132.80 and $160.40. The white 200-day moving average line around $145 is also a possible stopping point. ### Nike (NKE) A week ago, we pointed out how Nike shares had been habitually unable to hurdle a key moving average line. Though the third bump into this ceiling had not yet started another downtrend, until it was cleared, NKE was tough to justify buying. It has been cleared since then. In fact, another major technical ceiling was cleared as of Thursday. It's not a perfectly proven or clean break yet, but it's close enough to refresh our look. Click to Enlarge • The technical ceiling in question a week ago was the gray 100-day moving average lines. Failed tests of that level as a ceiling are highlighted in blue. Nike broke above it on Tuesday. • Perhaps just as important, Nike's surge on Thursday has carried the stock above the recent technical ceiling around $78.80, plotted with a yellow dashed line. • Though a solid thrust, the volume behind the effort has been thin. More buyers need to step up, but before they do they may want to see NKE slide back below $78.80, regroup, and march higher again. As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Growth Stocks With the Future Written All Over Them * 7 Reasons Why Buffett's Bet on Apple Stock Is a Good One * 10 Companies That Could Post Decelerating Profits Compare Brokers The post 3 Big Stock Charts for Friday: General Electric, Nike and Wynn Resorts appeared first on InvestorPlace.
For conservative investors in 2019, my top idea is Janus Henderson (JNS); for more risk-oriented investors, my top pick is General Electric (GE), explains Bruce Kaser, editor of The Turnaround Letter.
General Electric Company (NYSE: GE ) move to divest more GE Capital Assets with the sale of supply chain finance unit Trade Payable Services is a solid step, according to Bank of America Merrill Lynch. ...
Tim Cook’s Views on Privacy Show Why Apple Is the SafestApple 2019 began on a negative note for Apple (AAPL). On the first trading day of 2019, January 2, the company cut its guidance for the quarter ended December 29. In a press release titled
GE generates strong feelings among Wall Street analysts. Gordon Haskett’s John Inch questioned the value of GE Capital Aviation Services, while William Blair’s Nicholas Heymann’s is bullish on the unit’s value.
General Electric may yet sell its valuable aviation financing and leasing business, GE Capital Aviation Services, as the embattled conglomerate looks at ways to boost its fallen value.
General Electric's (GE) business unit agrees to divest its leading supply chain finance platform - Trade Payable Services - to MUFG Union Bank.
Europe is a world leader in offshore wind, and home to the world's largest operational offshore facility. GE Renewable Energy has signed an agreement with Future Wind to install the first Haliade-X 12 MW wind turbine prototype in Maasvlakte-Rotterdam, the Netherlands, this summer. While it has been designed for offshore environments, GE Renewable Energy said Wednesday that the prototype would be installed onshore in order to "facilitate access for testing." The deal also includes five years of testing as well as a 15-year full service operation and maintenance agreement.
Using hand grenades, automatic rifles and a suicide-bomber, the militants stormed 14 Riverside in Nairobi on Tuesday afternoon, a venue popular with business travelers and Kenya’s elites and home to offices of companies including Pernod Ricard SA and Dow Chemical East Africa Ltd. That precipitated an 18-hour siege around the DusitD2 hotel, which President Uhuru Kenyatta said ended about 9 a.m. Wednesday with the attackers dead. Somalia-based al-Shabaab took responsibility for the assault, the latest in a recent wave of jihadist strikes across Africa, including in Nigeria and Mali, which a loose coalition of African, Western and United Nation troops are struggling to stop. It’s al-Shabaab’s first significant assault in Kenya since it killed 147 people at a northeastern university in April 2015 and echoed a September 2013 attack on Nairobi’s Westgate mall that left 67 dead and rocked the tourism industry.
Can Warren Buffett Outperform the Markets in 2019?(Continued from Prior Part)Warren BuffettAs we noted in the previous part, Berkshire Hathaway’s (BRK-B) outperformance compared to the S&P 500 (SPY) has been declining. Overall, 1976 was the
The last two years weren't friendly to General Electric Company (NYSE: GE ) investors, with the stock falling from north of $30 per share to below $10 per share and being removed from the prestigious Dow ...
International companies with regional headquarters in Kenya said on Wednesday that a deadly militant attack on an upscale Nairobi hotel complex would not scare them away from a city that has long been East Africa's business hub. At least 14 people were killed and about 700 evacuated under fire after gunmen stormed the upscale dusitD2 hotel and office complex on Tuesday.
Can Warren Buffett Outperform the Markets in 2019?(Continued from Prior Part)Warren BuffettAs we noted in the previous part, Berkshire Hathaway (BRK-B) has an enviable record of beating the S&P 500 (SPY). Berkshire Hathway managed to beat the
The troubled industrial conglomerate kicked off the week by announcing that UBS Group AG analyst Steven Winoker would become the head of its investor relations team. Winoker, who previously worked for Honeywell International Inc. and United Technologies Corp., is well-respected and should lend more credibility to GE’s messaging. This being GE, however, the company followed this smart move with the confounding disclosure of a $2 million annual salary for John Rice, the 39-year company veteran it brought out of retirement to chair the gas-turbine business. My reaction?
Can Warren Buffett Outperform the Markets in 2019?Warren BuffettBerkshire Hathaway (BRK-B) outperformed the S&P 500 (SPY) in 2018. Warren Buffett, the company’s chairman, has earned his reputation by beating the market over the long term.
Matt Maley of Miller Tabak and Michael Bapis of Vios Advisors take contrarian views on General Electric after J.P. Morgan issued a warning on the stock ahead of its earnings.
General Electric's (GE) divestment of GE Transportation to Wabtec gets a green signal from the U.S. Department of Justice. It is likely to be advantageous for both.
Honeywell Partners with Theatro to Develop SaaS SolutionsHoneywell partners with TheatroOn January 14, Honeywell (HON) announced that it has entered into a partnership with Theatro. Theatro is the pioneer of the world’s first voice-controlled