GE Dec 2019 16.000 call

OPR - OPR Delayed Price. Currency in USD
0.0600
0.0000 (0.00%)
As of 11:43AM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close0.0700
Open0.0400
Bid0.0400
Ask0.0800
Strike16.00
Expire Date2019-12-20
Day's Range0.0400 - 0.0400
Contract RangeN/A
Volume20
Open Interest919
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  • Business Wire55 minutes ago

    GE’s New LED+ Family Gives You More Than Light

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  • Colorado wind-power giant settles legal dispute over patents
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  • GE reaches contract deal with unions, including workers in Schenectady
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    (Bloomberg Opinion) -- Oil and gas producer stocks are deeply unpopular. Oilfield services stocks, on the other hand, are deeply, deeply unpopular:The oily water in which the services companies swim is the money that exploration and production firms spend – and it has dried up. Analysts at Morgan Stanley have just reduced their forecasts for upstream capital expenditure. In the title of the report, “Global Upstream Capex: Growth Still in the Cards,” that “Still” does most of the work.At around $65 a barrel, oil remains well below those triple-digit salad days of early 2014. Still, it’s about double where it was in early 2016, and yet there’s precious little sign of that in E&P capex budgets. Something structural has happened.E&P stocks are unpopular because a decade of high spending did wonders for oil and gas output, “energy dominance” and C-suite pay, but little for investors. So the latter have gone on strike, demanding evidence of a change of heart on the part of management teams, chiefly in the form of tighter spending and more generous payouts to shareholders. You can see the problem for oilfield services, which profited nicely from the E&P sector’s pre-2014 largesse.At the same time, E&P companies still like to grow, so the pressure to do more with less remains high (especially as activists have begun beating the drum on this). Last year’s surge in U.S. oil and gas production was the biggest achieved by any country ever, according to BP Plc, even as upstream capex there was still 22% below the level of 2014.E&P companies depend on their services providers to help achieve the productivity gains that have fueled the shale “miracle.” Yet the rewards for this – such as they are - have flowed overwhelmingly to the client, not the contractor. A decade ago, the oilfield services sector earned a return on capital employed that was more than 13 percentage points higher than the E&P sector, according to analysts at Evercore ISI. By 2018, the sectors had switched places, with services earning 7 percentage points less than their clients. That is some transfer of value.The oilfield services industry shares some pathologies with the E&P business. Contractors invested too heavily in the boom, creating excess capacity and bloated cost structures. When the crash hit, they prioritized market share, the standard response in expectation of an eventual rebound – and the rebound hasn’t taken off. General Electric Co.’s ill-timed foray into the business via Baker Hughes and Weatherford International Ltd.’s meandering shuffle into chapter 11 have provided unwelcome narratives for all this. Today, despite deals such as the recently announced merger between Keane Group Inc. and C&J Energy Services Inc., the sector remains fragmented, particularly in those areas such as pressure pumping that service the U.S. shale industry.Shale is a blessing and a curse. On one hand, it has accounted for all of the growth in global upstream capex since the trough in 2016 and is set to contribute 29% of the forecast growth from here through 2022. On the other, it is a fragmented corner of the business that is highly sensitive to oil prices and has flattened the cost curve across the global industry. Besides trade-war concerns, expectations of frackers taking advantage of any geopolitical spike in oil prices to boost production have helped to keep a lid on that spike, despite numerous provocations.The upshot is a very narrow band in oil prices between celebration and belt-tightening. Morgan Stanley estimates $50 oil in 2020, as opposed to $60, would cut expected cash flow from operations in the global upstream business by a fifth, translating to a 13% drop in capex – which would take it below 2016 levels.Faced with such sensitivities, investors aren’t willing to pay a premium. Bellwethers Halliburton Co. and Schlumberger Ltd. trade at Ebitda multiples similar to where they were in 2015, when spending was headed down, rather than being priced for growth. Spending should grind higher from here; even so, the sector faces a deep-rooted challenge. For E&P companies to win favor with investors again, they must adhere to a regimen that won’t help their contractors win any popularity contests.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Is GE Stock A Buy Right Now? Here's What Earnings, Chart Say
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  • Bloombergyesterday

    Singapore's Trax Acquires U.S. Retail Rewards App Shopkick

    (Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.Singapore’s Trax is acquiring Shopkick, adding the U.S. rewards app to its growing stable of retail technology.Redwood City, California-based Shopkick lets shoppers earn rewards and gift cards by browsing online offers, watching videos, walking into stores or scanning product barcodes on shelves. Trax didn’t disclose how much it’s paying but seller SK Telecom Co. acquired the Californian outfit for $200 million in 2014, the Wall Street Journal has reported.Shopkick’s programs help provide data and insights into customer behavior and loyalty for clients from EBay Inc. and General Electric Co. to Lego and Unilever. “Bringing together shelf and shopper data will deliver new and powerful insights to consumer-packaged-goods brands and retailers,” Trax Chief Executive Officer Joel Bar-El said in a statement.The transaction comes as Trax finalizes a deal to raise $100 million at a pre-money valuation of about $1.1 billion. The round was aimed at financing acquisitions, including of LenzTech Co., a Beijing computer vision startup it recently purchased. Trax is also in advanced talks to buy a European competitor, Bar-El has said.Shopkick, which employs about 150 people in California, will operate as an independent unit of Trax.The Singapore startup plans an initial public offering in 18 to 24 months and it’s in talks with Singapore Exchange Ltd. for a potential dual listing after the local bourse approached the company, the CEO said in an interview last month.Bar-El and partner Dror Feldheim co-founded Trax in Singapore in 2010. The firm works with retailers and brands in more than 50 countries and counts New York-based private equity firm Warburg Pincus, Chinese private equity firm Boyu Capital and Singapore’s sovereign wealth fund GIC Pte among its shareholders.Read more: Singapore Startup Trax Raising Funds at $1.1 Billion Value (1)(Updates with acquisition details from the fifth paragraph.)To contact the reporter on this story: Yoolim Lee in Singapore at yoolim@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • United Technologies: To Buy or Not to Buy
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  • General Electric's Paris Air Show Wins A 'Smoke Screen' For GE Aviation Woes, Bearish Analyst Says
    Investor's Business Daily2 days ago

    General Electric's Paris Air Show Wins A 'Smoke Screen' For GE Aviation Woes, Bearish Analyst Says

    JPMorgan analyst Stephen Tusa has been receiving "pushback" around his take on GE at the Paris Air Show, which most peers deem a "win." GE stock fell.

  • Business Wire2 days ago

    Connected FMS: First automatic inflight synchronization of FMS and Lido Pilot Solutions

    Lufthansa Systems and GE Aviation are the first providers in the airline market to offer a solution that allows for the inflight synchronization of the flight plan between the GE Aviation flight management system (FMS) and Lufthansa Systems pilot applications directly on-aircraft. The first demonstration of the connected FMS using operational use cases will be presented this week at the EFB Users Forum in Chicago (June 25 – 27).

  • Amazon Threat to FedEx Is No Longer ‘Fantastical’
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    (Bloomberg Opinion) -- FedEx Corp. may finally be waking up to the threat Amazon.com Inc. poses to its business model.The logistics company is offering big discounts to help fill the planes in its Express delivery network with more e-commerce shipments, according to the Wall Street Journal, which cited people familiar with the matter. The deals are being used to woo customers away from rival United Parcel Service Inc., or to convince them to switch from FedEx’s cheaper ground offerings, the newspaper said, citing people familiar with the matter. For some customers, shipping goods via FedEx’s two-day air service may now cost about the same as shipping them through the ground division.(1)A FedEx spokeswoman told the Wall Street Journal that the company hasn't changed its pricing strategy, adding that the two-day Express service “has been very successful and continues to deliver tremendous value to small and medium businesses competing in the e-commerce market.” Reports of the discounts come just weeks after FedEx said its domestic Express air-delivery unit was dropping Amazon as a customer to focus on "serving the broader e-commerce market." FedEx dropped Amazon as a customer for its Express air-delivery unit to focus on “serving the broader e-commerce market.” The charitable interpretation of that move is that FedEx had found a bit of backbone and was holding a firmer line on pricing with Amazon in an effort to bolster its profit margins. The other possibility is that FedEx recognized that Amazon’s efforts to bring more of its logistics operations in house were real, and that it may want to start the process of breaking up with Amazon before Amazon decides to break up with it. While FedEx CEO Fred Smith has repeatedly painted any notion of Amazon disrupting the logistics industry as “fantastical,” his actions increasingly suggest otherwise. The share of capacity devoted to the time-sensitive legal documents and medical supplies that the FedEx Express network was originally built for will likely continue to shrink. But it’s uneconomical for the division’s fleet – which numbered 670 leased and owned planes at the end of 2018 – to fly partially full or not at all. Meanwhile, FedEx expects U.S. e-commerce demand to grow to 100 million packages per day by 2026. It’s been adamant that Amazon only directly accounts for a small percentage of its overall sales. But Amazon has forever changed the world’s expectations around shopping and delivery. So whether or not its own sales are in the mix, FedEx will be forced to drink more deeply from the firehose of e-commerce shipments to keep its network humming along. And that will come at a cost to margins.FedEx’s decision to prioritize shipments from the likes of Walmart Inc., Target Corp. and Walgreens Boots Alliance Inc. gave some analysts hope that it would deliver a greater share of packages to higher-paying business customers and add more density to its delivery routes. But there’s some debate as to whether the Express air-delivery unit as currently constituted still makes sense. Amazon relies on a network of fulfillment and sorting centers close to metropolitan areas to rapidly complete and ship orders, a model that many rival retailers are mimicking in some shape or form as they try to stay competitive. If you’re only going to deliver a package 25 or 50 miles, you’re not going to use a plane to do that. Indeed, when FedEx’s decision to drop Amazon as a U.S. Express customer was first announced, Seaport Global Holdings analyst Kevin Sterling wondered to Bloomberg News whether it was a precursor to the Express unit eventually fading out.Planes still have a role to play: Amazon last week announced an agreement to lease 15 additional Boeing Co. 737-800 converted freighters from General Electric Co.’s jet-lessor arm, adding to an existing agreement for five planes. But FedEx’s reported need to offer discounts to keep the planes it has full calls into question the company’s decision to devote a significant amount of its capital expenditure budget to refreshing its airplane fleet. Management has been clear it’s not expanding capacity at the Express unit, but rather replacing its planes with more efficient options to improve productivity and costs. Downsizing the fleet and reallocating those resources could be a smarter move. The reported pricing cuts – coupled with FedEx’s recently announced plan to offer delivery seven days a week by 2020 and add a fleet of flexible, part-time drivers – reinforce a point both I and my colleague Shira Ovide have long argued: Amazon doesn’t need to steal customers away from FedEx and UPS en masse to be a threat. It’s already forcing both companies to rethink the way they operate. The revenue lost from removing Amazon as an Express customer is relatively minor, but the world the e-commerce giant has created isn’t a hospitable one for the package-delivery incumbents’ profit margins and capital-spending budgets.  (1) News of the discounts weighed on shares Monday, as did a separate shipping issue: FedExhad to issue a second apology to Huawei Technologies over the misrouting of packages, and some reports indicate China is contemplating black-listing it.To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • How Chinese Culture Could Affect the Future of 3M Stock
    InvestorPlace2 days ago

    How Chinese Culture Could Affect the Future of 3M Stock

    3M (NYSE:MMM) stock price has begun to recover from one of the more significant drops in company history. An earnings miss related to the trade war and speculation about the security of the dividend of 3M stock have hammered the shares.Source: Shutterstock Both factors have added significant risk to a company most regard as stable. Although 3M stock price should recover, unusual risk factors make MMM stock suitable for only income-oriented, risk-tolerant investors. * 7 Top S&P 500 Stocks of 2019 (So Far) Threats to 3M's Dividend Hit 3M stockIn late April, 3M stock price went into free-fall following a massive earnings miss. The stock plunged by about 13% following the announcement. Warnings about the stability of the company's dividend caused MMM stock further pain.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLast month, analyst Stephen Tusa of JPMorgan Chase (NYSE:JPM) kept his "underweight" rating on 3M stock and took his price target on MMM stock down to $143 per share. He also warned that the company could cut its dividend. Tusa's note led to a further decline in 3M stock price over the next month. The drop would take MMM stock from a high of almost $220 per share to a low just above $159 per share.Any time analysts talk about the end of a 60-year streak of dividend increases, it is a serious matter. Such an action could bring years of devastation and stagnation to 3M stock.For now, traders have shrugged off the underweight rating. Just three weeks after hitting its 52-week low, the 3M stock price has risen to nearly $174 per share. 3M Is a ConglomerateIf only scotch tape and post-it notes held this company together, I would be wary of the move higher by 3M stock. However, much like another well-known conglomerate named Johnson & Johnson (NYSE:JNJ), 3M's products extend across several divisions and industries. Health Care, 3M's only division to report revenue growth last quarter, will likely receive a boost from the company's recent $6.7 billion acquisition of Acelity.Still, this diversification does not make 3M stock bulletproof. All one has to do is study the decline of General Electric (NYSE:GE) to know that older industrial conglomerates can face devastation and even fail. I see Tusa's call on the dividend as extreme. However, if the U.S.-China trade war persists long enough, the dividend could be cut. Do Not Forget the Trade War, Culture RiskIt is the trade war that I see as the most significant risk to 3M stock. The Asia-Pacific region, which includes both China and Japan, accounted for 31.3% of 3M's overall revenue in 2018. The trade war has lasted longer than almost anyone thought it would.Investors also need to consider cultural factors that statistics cannot quantify. China's President, Xi Jinping, basically runs China as a dictatorship. While an end to the trade war would benefit both the Chinese people and 3M stock, dictators often act contrary to their people's interest.Another factor involves Chinese culture itself. The Chinese consider saving face quite important. This makes China unlikely to sign a trade deal that will make it appear to be the loser. As a result, not only must U.S. negotiators sign an agreement that works for America, but they must also create an arrangement that at least appears to benefit the Chinese.This creates a conundrum for the owners of 3M stock, as such a deal could happen tomorrow, two years from now, or perhaps never. Still, I see reasons to buy MMM stock for those who can handle risk. The current price-earnings ratio of 3M stock is 18.5, which is below the historical average of 23.2. Moreover, most analysts believe the company's earnings will resume growing next year, although their profit estimates likely factor in an end to the trade war.Further, thanks to the decline of 3M stock price, 3M's dividend yield now stands at about 3.3%. 3M pays out 58.6% of its income in dividends. If that percentage moves closer to 100%, the payout would be endangered. However, 3M has some cushion before it has to resort to ending its streak of payout hikes. Final Thoughts on 3M Stock3M stock carries culture-based risk which investors rarely consider. Consequently, MMM stock best suits investors who can tolerate risk and need income. JPMorgan's Tusa may have exaggerated the threat to 3M's dividend. Nonetheless, the trade war appears unlikely to end soon, and China accounts for a large percentage of 3M's revenues.But complicating an end to the trade war is China itself. Due to 3M's dependence on China, the future of 3M depends heavily on a dictator who's intent on saving face. This factor could make 3M stock riskier than it's ever been.MMM stock pays a generous, growing dividend. It also trades at a low multiple. However, with the future of the stock hanging on geopolitics and Chinese culture, only those willing to deal with those risk factors should buy the shares.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Telecom Stocks to Set on Speed Dial * 6 Stocks to Sell in the Back Half of 2019 * 7 Top S&P 500 Stocks of 2019 (So Far) Compare Brokers The post How Chinese Culture Could Affect the Future of 3M Stock appeared first on InvestorPlace.

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    MarketWatch3 days ago

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    Shares of General Electric Co. surged Thursday, to achieve a technical breakout that would confirm a bullish technical tone, after the industrial conglomerate said its aviation unit announced record orders at the Paris Air Show this week.