|Bid||11.01 x 45100|
|Ask||11.02 x 40700|
|Day's Range||10.92 - 11.03|
|52 Week Range||6.40 - 11.84|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.04 (0.36%)|
|1y Target Est||N/A|
If you’re a gutsy contrarian investor, consider betting that Walgreens Boots Alliance will have a far better 2020 than it has this year. Instead, the reason you might want to consider Walgreen’s (WBA) stock in 2020 is because it’s the worst year-to-date performer in the Dow Jones Industrial Average (DJIA) , with a loss (per FactSet) of 11.5% (through Dec. 6). Betting on a reversal from year-to-year performance is not as crazy as you might think.
The Zacks Analyst Blog Highlights: Berkshire Hathaway, Verizon Communications, Accenture, General Electric and American Tower
"Once you get your anchor tenant it becomes a lot easier to get people's attention," economic development executive says.
Dutch pension investor APG and Britain's Renewables Infrastructure Group (TRIG) have agreed to buy offshore wind farm Merkur, the asset's biggest shareholder, Switzerland's Partners Group, said on Tuesday. The 396 megawatt project, located in the German North Sea, benefits from a guaranteed feed-in tariff until 2033 and has a 10-year operation and maintenance agreement with General Electric, Partners Group said in a statement. Partners Group did not disclose the value of the transaction.
A consortium of 19 hydropower companies and organizations said it will receive European Union funding of 18 million euros ($20 million) to research the green energy form's role, as the 28-member bloc seeks to become carbon neutral by 2050. The deal will be announced on Tuesday on the sidelines of the United Nations climate conference in Madrid, a day before the new European Commission lays out its "European Green Deal" policy to make Europe the first climate-neutral continent. The consortium includes EDF, Voith, and General Electric Hydro, as well as universities across Europe.
The Boeing Co. (NYSE: BA) can't seem to catch a break. On Friday (Dec. 6), the Federal Aviation Administration said it intends to issue a $3.9 million fine against the aircraft manufacturer for installing substandard components on about 133 narrowbody 737 jetliners that posed a safety risk. The FAA alleged Boeing failed to adequately oversee suppliers to ensure they complied with the company's quality assurance system.
(Bloomberg) -- When U.S. prosecutors charged an Apple Inc. engineer in January with stealing trade secrets for a Chinese startup, a search of his home turned up something else, they said: a classified file from the Patriot missile program that belonged to his ex-employer, Raytheon Co.The discovery has added a striking national security wrinkle to an otherwise routine corporate espionage case, and the government says it merits keeping Jizhong Chen under close scrutiny.The Patriot document was discovered among numerous electronic devices and paper files from Chen’s former employers including General Electric -- some of which were stamped “confidential,” according to prosecutors.Chen, a U.S. citizen who was arrested on his way to catch a flight to China, is awaiting trial on charges that he collected photos, schematics and manuals from his work on Apple’s tightly guarded self-driving car project as he prepared to take a job with an unidentified rival.He has pleaded not guilty and remains free on $500,000 bail. But prosecutors argue the stash of sensitive data found in Maryland justifies subjecting him to location monitoring with an electronic device so he doesn’t disappear before his trial.Lawyers representing Chen and a second former Apple engineer facing similar charges -- who is also fighting prosecutors over the need for location monitoring -- contend the government is exaggerating the risk they’ll try to flee.The 2011 document relating to one of Raytheon’s best-known weapons was so secret that it “was not (and is not) permitted to be maintained outside of Department of Defense secured locations,” prosecutors said in an Oct. 29 filing that hasn’t previously been reported on by the media. Chen “has, for over eight years, illegally possessed classified national security materials taken from a former employer.”How a classified document ended up at an engineer’s home raises provocative questions, but they’re unlikely be answered in open court at a hearing set for Monday. A prosecutor and an attorney for Chen both declined to comment ahead of the hearing. A Raytheon spokeswoman didn’t respond to a request for comment.Read More: Tesla to Apple: Help Us Nail Robocar-Secrets Thief at China FirmAfter prosecutors first raised concerns about the evidence they found in Maryland, a magistrate judge agreed in March to extend an electronic monitoring requirement to give the government time to investigate. She finally ordered an end to the monitoring in October -- and prosecutors are now asking a district judge to overrule her.Lawyers for Chen say prosecutors have had enough time to present further evidence of criminal conduct. They also note that the federal office that supervises defendants on probation has concluded monitoring is no longer necessary because Chen has complied with all the conditions of his release and found full-time employment.Daniel Olmos represents both Chen and Zhang Xiaolang, who also worked on Apple’s autonomous driving project before he was arrested in July 2018 and accused of trying to take the company’s trade secrets to China-based XMotors. The lawyer makes an argument that goes to the heart of the cases against both men: There’s no evidence that Apple’s intellectual property was shared with a third party. That’s significant because possession of the information alone isn’t necessarily a crime.Olmos also contends that each of the engineers has strong ties in the U.S. and the trips they were about to take to China when they were arrested were planned for the purpose of visiting relatives, not escaping prosecution.“The government’s argument that Mr. Zhang poses a flight risk because he is a Chinese citizen is insufficient to warrant GPS monitoring,” Olmos said in a filing. “Mr. Zhang has full-time employment, a new family, and no travel documents.”The cases are U.S. v. Chen, 19-cr-00056, and U.S. v. Zhang, 18-cr-00312, U.S. District Court, Northern District of California (San Jose).To contact the reporters on this story: Peter Blumberg in San Francisco at firstname.lastname@example.org;Robert Burnson in San Francisco at email@example.comTo contact the editors responsible for this story: David Glovin at firstname.lastname@example.org, Anthony Lin, Peter BlumbergFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Flight simulator maker CAE sold three Boeing 777X flight simulators to Qatar Airways, Lufthansa Aviation Training and recently took an order from an Asian airline.
The easy long-term thesis on General Electric (NYSE:GE) stock is that given time, it will recover some luster. This means a smart investor could hold it for years.Source: Carsten Reisinger / Shutterstock.com The concept here is very simple: Have patience and wait out the headlines from messy turnaround efforts. But unsurprisingly, this is easier said than done. Each talking head has a loud opinion, and each claims supremacy.Meanwhile, for the short term, the charts offer a road map to actively trade GE stock. This year I shared two write-ups that yielded results, and neither of them was an emphatic statement on the fundamentals. Those are still too murky for us to properly gauge.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSome in the media opine on General Electric stock as if they are the only experts on it. Most notable is JPMorgan analyst Stephen Tusa who placed a $5 price target on GE stock last month. This came after the company's 20% post-earnings rally. His note hit the brakes and caused a 6% fade. Traders Need the ChartsSource: Charts by TradingViewSource: Charts by TradingViewThe proper way to trade GE stock is by being humble and studying the short-term price action for guidance. The charts' technical aspects contain a wealth of clues on direction and distance. Charts can map where the bull or bear opportunities lie, and what potential they offer. * 7 Hot Stocks for 2020's Big Trends For General Electric stock, the battle is currently ongoing over the resistance neckline near $12, versus the potential pitfall down to fill the open gap to $9 per share. While this is not a forecast, it is a scenario that currently exists.The stock is now falling back into the neckline that was resistance from March through July of this year. It is likely to be contentious on the way down. Buyers and sellers are likely to battle it out, thereby creating support. Moreover, $10.20 is GE's 2019 point of control. This is where the trading volume was heaviest. That means $10.20 also becomes a support zone on the way down. Therefore, the bulls have help since they have strong footing below. So, dips should remain opportunities to take bullish bets.The next opportunities from here are if the GE stock price breaks above $11.20. If it does, the bulls can rebuild the momentum to breach the $11.80 roof.Conversely, if the bears are able to breach through the $10.40 zone, they would invite more sellers to fill the gap to $9 per share. Patience is key, so it's best to wait for the breach of either side before chasing it. Anticipating an opportunity often causes bad timing and puts the investor at a disadvantage to the other side of the trade. The person with the best read on levels is likely to win. Don't Overthink General Electric StockIf your goal is to invest in GE stock, not simply to trade the short term, then the setup is easy. I would simply plug my nose and buy it.The idea behind this advice is that management is working to fix this once-iconic corporation. I bet that they will find a way to repair the damage. Meanwhile, the stock is broken but it still is a trading vehicle. The media complicates things by highlighting expert opinions and ratings, but the truth is that it merely needs time to heal.Fundamentally, GE sports a high price-to-earnings ratio but this is tolerable since it is a company in transition. The typical metrics may not adequately apply to it yet. Besides, it only sells at 0.8 times sales, so from the top-line perspective it is not bloated.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Hot Stocks for 2020's Big Trends * 7 Lumbering Large-Cap Stocks to Avoid * 5 ETFs for Oodles of Monthly Dividends The post Trade General Electric Stock With Confidence appeared first on InvestorPlace.
General Electric Co. said Friday it will pay a quarterly dividend of a penny a share, which means the industrial conglomerate will be keeping it at that lowered rate for over a year. The dividend will be payable Jan. 27 to shareholders of record on Dec. 23. GE's stock was up 2.0% in afternoon trading. At current prices, the stock's dividend yield is 0.36%, compared with the yield for the SPDR Industrial Select Sector ETF of 1.94% and the implied yield for the S&P 500 of 1.89%, according to FactSet. GE had slashed its dividend to a penny per share from 12 cents last year in an effort to preserve cash. That first 1-cent dividend was paid out on Jan. 25, 2019 to shareholders of record Dec. 20, 2018. GE's stock has run up 55.8% over the past 12 months, while the industrial ETF has gained 16.1% and the S&P 500 has advanced 16.8%.
The largest public company in the world as measured by market capitalization is now Saudi Arabian Oil Co. Investors may be put off by the bigness, but history shows it has little bearing on stock performance.
Since becoming General Electric (NYSE:GE) CEO in October 2018, Larry Culp has made the company a favorite of turnaround lovers.Source: Sergey Kohl / Shutterstock.com If you picked up some shares one year ago, you're sitting on a gain of 54%. But it's all a matter of timing. If you bought the day Culp joined, you're still down 14%.The glory days of Jeff Immelt, when this was a $30 stock and a dividend aristocrat, are gone forever. Culp has frozen pensions, leading to talk of a general "pension crisis" sweeping the world.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut Culp has also remade his executive team, made hard decisions on what to keep and let new hires make forward-looking statements.From here, everything depends on execution. Hard DecisionsCulp's hardest decision may have been to let General Electric's biopharma unit go to his former employer, Danaher (NYSE:DHR). The cash is desperately needed to firm up the balance sheet, which still had $76 billion of debt on it, against a market capitalization of $94 billion, in September. * 7 Retail Stocks to Buy That Dominated Thanksgiving Shopping As I wrote in July, those numbers understate the case. The company also has $74 billion of "other liabilities" -- pensions and risks from old long-term care policies -- to deal with.The pension freeze helps with the former. The latter is a 25-year old legacy from former CEO Jack Welch, who took on re-insurance for long-term care policies before the cost of nursing care became apparent. Activists want Welch to turn in his retirement payout, as well as Immelt, whom I consider the greatest destroyer of shareholder value the world has ever known. It ain't happening. The New ToneThese moves have created a new tone around the company. Product rollouts are now called victories and buzzwords like "citizen developer" are gaining traction.Some analysts are coming around. Home Depot (NYSE:HD) co-founder Ken Langone says he likes General Electric again, saying Culp "is doing a hell of a job."But this is only tone. General Electric under Culp remains much as it was under Immelt and his successor, John Flannery, an industrial machine company. GE Power remains a drag on results, although the company now makes more from renewable energy equipment like wind turbines. Healthcare is mostly big machines. Boeing (NYSE:BA) remains a drag on GE Aviation, and GE Capital can no longer soften the blows.For the third quarter, General Electric reported a loss of nearly $6 billion, 69 cents per share, on revenues of $23.4 billion. Culp emphasized that losses from continuing operations were just 8 cents per share. He showed $650 million in industrial free cash flow. He also pointed to a backlog of orders that now totals $386 billion, mostly for jet engines and industrial turbines. Since then the shares are up 9%, against a 2.5% gain for the average S&P 500 stock.Not everyone is convinced. JPMorgan Chase (NYSE:JPM) analyst Stephen Tusa, who saw the Immelt disaster coming and may wear the label "GE Bear" to his grave, says General Electric is still missing targets set only in March. He believes numbers look good only because of restructured spending. The Bottom Line on General ElectricGeneral Electric remains an industrial goods company. Industrial goods are not a great business to be in. The company continues to struggle with enormous debt. The amount it will owe on those long-term care policies remains uncertain.I continue to wish Culp well, but from the sidelines. General Electric is, at best, a speculation. If you buy shares today, you're betting it can generate big profits from industrial revenue, and that it can grow. Hope is still not a plan.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 JPM. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy That Dominated Thanksgiving Shopping * 6 Manufacturing Stocks to Buy as the Economy Recovers * The 7 Best Cryptocurrencies to Buy as Blockchain Heats Up The post Larry Culp's General Electric Depends on Restructuring Plan appeared first on InvestorPlace.
The company, a manufacturing consulting firm, has a comprehensive list of high-profile clients — namely General Electric, Dayton-Phoenix Group and Behr Dayton Thermal Products, among others.
Joe Terranova said on CNBC's "Fast Money Halftime Report," he still hasn't bought Twilio Inc (NYSE: TWLO ), but he is looking to buy it. He wants to wait for the next earnings report because ...
GE Healthcare’s investor day gave analysts more reason to believe that the Boston-based conglomerate will keep the remainder of the business within the company, at least over the short- to medium-term.
General Electric Company (NYSE: GE ) held a GE Healthcare investor day event this week. One analyst in attendance said Tuesday that Healthcare should be a stable source of free cash flow for GE as it executes ...
GE hosted a health-care “teach-in” in Chicago at a medical conference, but so far it isn’t changing analysts’ minds about the stock.