GE - General Electric Company
Chart Events
Momentum
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 6.58 |
| Open | 6.54 |
| Bid | 6.68 x 27000 |
| Ask | 6.69 x 21500 |
| Day's Range | 6.53 - 6.72 |
| 52 Week Range | 5.48 - 13.26 |
| Volume | 63,166,310 |
| Avg. Volume | 113,510,877 |
| Market Cap | 58.518B |
| Beta (5Y Monthly) | 0.96 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.32 |
| Earnings Date | Jul 29, 2020 |
| Forward Dividend & Yield | 0.04 (0.61%) |
| Ex-Dividend Date | Jun 26, 2020 |
| 1y Target Est | 8.19 |
Fair Value
Related Research
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In the latest trading session, General Electric (GE) closed at $6.69, marking a +1.67% move from the previous day.
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Why General Electric Stock Slumped Almost 40% in the First Half of 2020
Shares of battered industrial conglomerate General Electric (NYSE: GE) tumbled 38.8% in the first six months of 2020, according to data provided by S&P Global Market Intelligence. Poorly timed investments in consumer credit and oilfield services conspired with the disastrous acquisition of Alstom Power to tank the company's finances. In March, CEO Larry Culp also managed to score a win by closing the sale of the company's biopharma unit to his former company Danaher in a $21.4 billion deal.
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Were Hedge Funds Right About Souring On General Electric Company (GE)?
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
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- Barrons.com
GE’s Healthcare Unit Is Developing Covid-19 Treatments. It Could Be Undervalued.
General Electric’s partnership with Oxford University shows there’s more to the stock than aviation.
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REFILE-GRAPHIC-Companies seen slashing capex 12% this year, deeper than in 2009 -data
Big and mid-cap firms globally are expected to slash capital spending by an average 12% this year as they reel from the fallout of lockdowns and other measures imposed to rein in the coronavirus pandemic, analysts' estimates show. The predicted cut is bigger than the 11.3% decline that occurred in 2009 in the wake of the global financial crisis and would be the steepest drop in the 14 years for which data compiled by Refinitiv is available. Reuters calculated average spending cuts by looking at estimates compiled by Refinitiv for nearly 4,000 firms.
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Why Boeing Killed Its 747 Jumbo Jet
Bloomberg reported Thursday that the commercial aerospace and defense giant (BA) is pulling the plug on its iconic 747 double-decker jumbo jet. “At a build rate of half an airplane per month, the 747-8 program has more than two years of production ahead of it,” a Boeing spokesperson told Barron’s. “We will continue to make the right decisions to keep the production line healthy and meet customer needs.” Not a lot compared with the more than 1,500 jumbo jets Boeing has delivered over time.
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Why the crisis marks the end of the road for longstanding business lines
The future of public transportation will shortly be a thing of the past. Later this month, Segway will produce the last of the two-wheeled personal transporters after which the company was named. The Segway ...
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This Is General Electric's Biggest Long-Term Problem
The troubles that industrial icon General Electric (NYSE: GE) has been dealing with are headline grabbers. The biggest story has been its heavy debt load and the efforts to sell assets to get its balance sheet back into shape. The first really big issue for General Electric to deal with, without question, was its balance sheet.
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- InvestorPlace
General Electric Is Still Playing a Losing Hand
In early June, it appeared all the tumblers were coming into place for General Electric (NYSE:GE). After over a year of cost cutting and streamlining, the company looked like things might be turning around. In the first five trading days of June, GE stock climbed over 25%, nearly in lockstep with Boeing (NYSE:BA) stock.Source: Sundry Photography / Shutterstock.com But in this case, what goes up fast can come down just as hard. And in the case of GE stock, the stock has given up all of its gains as new cases of the novel coronavirus are threatening to cool the embers of the economic recovery.In the past, General Electric was a stock that investors ran to in times of economic uncertainty. But in those days, GE was in defensive industries and offered a strong dividend. That's not the reality of GE today.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Utility Stocks to Buy Keeping Lights On And Dividends Flowing The company reshuffled the deck, but for now, there's nothing in their hand that makes me want to invest. The Novel Coronavirus Came at a Really Bad TimeIn the company's first-quarter earnings call, chief executive officer Larry Culp confirmed what many investors already knew. It's going to be rough sledding for GE in the next quarter. And that the company was facing some challenging times.So let me tell you what we do know. The second quarter will be the first full quarter with pressure from COVID-19, and we expect that our financial results will decline sequentially before they improve later this year. The bottom line is we have some challenging times ahead …I had my doubts, but I've been impressed with the discipline and execution that Culp has brought to GE. He had an unenviable job and has accomplished a great deal. It's been no small feat winning back the trust of analysts. But in addition to getting the company's financial house in order, Culp has streamlined the business.Right now, the company is still a conglomerate, but the parts seem to relate better. But the underlying question is whether the whole is greater than the parts. This Is Not Your Parents General ElectricLarry Ramer writes about General Electric's future-facing portfolio. The company is operating in many areas that represent the future of our nation. The electric power grid, wind turbines, digital technology, and renewable energy are all part of the company's product portfolio. And with core offerings in health care and aviation, it seems that the company would be a sexy pick among industrial stocks. That would probably be true if this were 2017 or 2018.But right now, the economy is struggling to get off its back. Yes, we had an encouraging May jobs report, and the June numbers may also be encouraging. However, the economy is still trying to recover from the novel coronavirus. And while it may not require one of GE's ventilators, it's not going to be the V-shaped recovery some had hoped.The General Electric of Jack Welch was perhaps the ultimate defensive stock. Today, the company needs a robust economy for success. And that's probably at least a year away. The simple truth is that Culp was dealt a bad hand in the midst of a robust economy. He's played that hand really well all things considered, but without a vibrant economy, the company looks stuck in neutral. GE Stock Looks About RightInvestors don't seem to have a lot of conviction on GE stock one way or the other. They seem to be building a line of support at around $6.50. But the immediate question is if there's any reason to believe investors will send the stock back to around $8.50. And then the other question is that really enough incentive to buy the stock right now?The company did pay its greatly reduced dividend. But at a single penny per share, GE has a long way to go to return to its days as a dividend darling.With all that said, I think GE stock could be a long-term option. But until business conditions improve across all areas, there's really no reason to initiate a position.Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019. As of this writing, Chris Markoch did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post General Electric Is Still Playing a Losing Hand appeared first on InvestorPlace.
- Reuters
U.S. Commerce official resigns, viewed as moderating voice on China export issues
A senior U.S. Commerce Department official involved in export policy has resigned, a spokesman said on Wednesday, marking the departure of a moderating voice in the Trump administration about export restrictions on Huawei and other Chinese companies. Richard Ashooh, U.S. assistant secretary for export administration for the past three years, was known as neither a hardliner nor a dove, according to people familiar with him. Nominated by President Donald Trump and confirmed by the Senate in August 2017, Ashooh was the longest serving Senate-confirmed political appointee at the Commerce Department besides U.S. Commerce Secretary Wilbur Ross.
- Zacks
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General Electric's (GE) service offerings on the gas and steam turbines at the Besmaya power plant minimize the unplanned downtime risk of power generation equipment at the facility.
- Zacks
General Electric (GE) Gains But Lags Market: What You Should Know
In the latest trading session, General Electric (GE) closed at $6.83, marking a +0.44% move from the previous day.
- Motley Fool
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For the sixth time this year, the stock price of beaten-down conglomerate General Electric (NYSE: GE) has dropped below $7 per share, near its all-time low. Investors who enjoy sniffing out bargains are probably wondering if it's a good time to buy. While some of the company's valuation metrics have slipped to all-time lows, there are good reasons for that.
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Agilyx Corporation ("Agilyx"), a leader in chemical recycling, today announced that it is leveraging its existing post-use plastic feedstock management system to create a new subsidiary company Cyclyx International, Inc. ("Cyclyx"). The overarching goal of Cyclyx is to dramatically increase the recyclability of post-use plastics with a priority for fully circular pathways as well as assisting in the development of new supply chains that will aggregate and preprocess larger volumes of post-use plastics than current systems can support.
- GlobeNewswire
UPDATED - II-VI Incorporated Licenses Technology for Silicon Carbide Devices and Modules for Power Electronics
PITTSBURGH, June 29, 2020 -- II‐VI Incorporated (Nasdaq: IIVI), a leader in compound semiconductors, today announced that it signed an agreement with General Electric (NYSE:.
- GlobeNewswire
II-VI Incorporated Licenses Technology for Silicon Carbide Devices and Modules for Power Electronics
PITTSBURGH, June 29, 2020 -- II‐VI Incorporated (Nasdaq: IIVI), a leader in compound semiconductors, today announced that it signed an agreement with General Electric (NYSE:.
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The tell: corporate reactions to short-sellers
Unlike activist investor campaigns when someone takes a stake in a business, the short-selling speculator has no direct economic means to influence the company. One of the ways they do this is via a lengthy research document colloquially known as a “short report”. Which, as you may know, can range from the silent treatment -- as is the case with Muddy Waters’ report on digital health insurance broker eHealth -- to the aggressive, like it was with a certain insolvent German payments company.
- MarketWatch
These 5 giant stocks are driving the U.S. market now, but watch out down the road
A story now making the rounds on Wall Street holds that the five biggest stocks represent an unprecedented share of the total U.S. market, bigger even than at the top of the internet bubble in 2000 — and we all know how that turned out. The current market share of the five largest stocks is actually below the market’s long-term average. While the largest five stocks now represent a greater share of the total market than at any time over the past two decades, that share is far lower than what was seen in prior decades.
