GE - General Electric Company
11.52 -0.01 (-0.09%)
After hours: 7:39PM EST
| Previous Close | 11.39 |
| Open | 11.33 |
| Bid | 11.50 x 21500 |
| Ask | 11.50 x 21500 |
| Day's Range | 11.31 - 11.61 |
| 52 Week Range | 6.40 - 11.61 |
| Volume | 38,957,653 |
| Avg. Volume | 56,402,923 |
| Market Cap | 100.698B |
| Beta (3Y Monthly) | 1.14 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.62 |
| Earnings Date | Jan 29, 2020 |
| Forward Dividend & Yield | 0.04 (0.35%) |
| Ex-Dividend Date | 2019-09-13 |
| 1y Target Est | 10.42 |
- Reuters
UPDATE 3-Manila-bound Philippine Airlines flight makes emergency landing in Los Angeles
A Philippine Airlines' flight bound for Manila suffered an apparent engine failure on Thursday shortly after takeoff from Los Angeles and made an emergency landing, authorities said.
- Bloomberg
GE Rises to 2019 High, Extending Gain After 75% Collapse
(Bloomberg) -- General Electric Co. rallied mid-afternoon Thursday to touch the highest level in more than a year despite a mixed tape for the broader market.The stunning rebound in GE means it’s risen 45% since the bombshell allegations of accounting fraud against the company in mid-August from prominent financial examiner Harry Markopolos. The turn in investor sentiment was bolstered by GE’s third-quarter results when GE raised its cash-flow forecast for 2019 in the face of both tariff headwinds and pressures on the jet-engine business caused by the grounding of Boeing Co.’s 737 Max.The Boston-based company was among the top performers in the S&P 500 Index, which remains on track to extend its worst three-day stretch since early Oct. Thursday’s 2% rise for GE continues its comeback from a decade low last December. The conglomerate’s now worth about $101 billion -- still a far cry from a 2000 peak of almost $600 billion.GE collapsed 76% in the two calendar years 2017-2018, falling to a little more than $7 from more than $30.To contact the reporters on this story: Esha Dey in New York at edey@bloomberg.net;Bailey Lipschultz in New York at blipschultz@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Scott SchnipperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- GuruFocus.com
Sarah Ketterer Exits General Electric, Trims Bank of America
Guru's largest sales of the 3rd quarter Continue reading...
- MarketWatch
GE's stock surges toward 13-month high, to pace gains of its industrial peers over the past 3 months
Shares of General Electric Co. rallied 1.7% in afternoon trading, putting them on track for the highest close since Oct. 24, 2018. The industrial conglomerate's stock has now run up 27.8% since it reported better-than-expected third-quarter earnings before the Oct. 30 open. The stock is now the best performer of the 69 equity components of the SPDR Industrial Select Sector ETF over the past month, with a 31.6% gain, and over the past three months, with a 41.9% rise. The ETF has gained 8.6% the past three months, while the Dow Jones Industrial Average has advanced 6.1%.
- TheStreet.com
[video]Don't Call It a Comeback: Can GE Continue Rising After Passing 2019 High?
General Electric rose sharply Thursday following reports Wednesday that the Emirates airline is leaning towards the company's jet engines for its Boeing 787 Dreamliner as rival Rolls-Royce has struggled to fix an issue with its engine. GE's core industrial EBIT is down $800 million this year, according to Tusa.
- American City Business Journals
North Shore manufacturing gets boost from GE, Baker administration
Advanced manufacturing jobs in the state are going unfilled, because there aren’t enough trained workers, according to Gov. Charlie Baker's housing and economic development chief, Michael Kennealy.
- Investor's Business Daily
GE Poised To Win Big Engine Deal As Emirates Inks Boeing 787 Order At Dubai Airshow
Emirates is reportedly leaning towards General Electric engines for its Boeing 787 Dreamliner order as rival Rolls-Royce faces delays.
- American City Business Journals
Durham's GE Aviation prepares to ramp up for Boeing in 2020
As Boeing continues to work toward getting its 737 Max jets off the ground, engines for the planes are coming off the line in Durham.
- Kiplinger
7 Dow Stocks That Didn't Survive the Decade
The Dow Jones Industrial Average had a heck of a good run over the past decade, even as membership in this bastion of just 30 blue-chip stocks changed dramatically.On a price basis alone, the large-cap average has gained more than 160% since the last day of trading in 2009. Include dividends - all Dow stocks are dividend payers - and the industrial average has delivered a total return in excess of 230%. Indeed, the Dow has generated a 10-year annualized total return of 10.5%.It's not unusual for the folks at S&P; Dow Jones Indices, which operates the index, to make changes to the Dow. As a price-weighted average, it's necessary that the Dow stocks with the highest prices not get too far away from those with the lowest prices, lest those low-priced stocks become immaterial to the Dow's performance.The keepers of the index also make changes to ensure the Dow comprises a diverse portfolio of stocks that reflect both the U.S. equity market and the U.S. economy.To that last point, the average went into overdrive to better reflect the dynamic forces shaping the market and the economy. Seven Dow stocks were removed from the average over the past 10 years. In almost every case, the Dow's editors ditched a more sluggish, older-economy company in favor of a name that's riding secular changes in the global economy.Here are the seven Dow stocks kicked to the curb over the past decade. SEE ALSO: Every Warren Buffett Stock Ranked: The Berkshire Hathaway Portfolio
- Market Exclusive
Market Morning: One Country One System, 7000 Boeing Woes, Mideast Tension, California Car Boycott
Beijing Threatens To End One Country Two Systems Hong Kong Status Quo The stage might now be set for a complete Chinese takeover of Hong Kong. According to the South China Morning Post, the Legislative Affairs Commission of the National People’s Congress Standing Committee (NPCSC) criticized the Hong Kong Supreme Court’s decision to declare the […]The post Market Morning: One Country One System, 7000 Boeing Woes, Mideast Tension, California Car Boycott appeared first on Market Exclusive.
- Barrons.com
Harley-Davidson Stock Might Get Hit by Accounting Changes. Here’s Why.
Accounting changes have the potential to hurt the motorcycle icon. Or at least damage investor sentiment on Harley-Davidson stock.
- American City Business Journals
Fidelity continues to buy into Larry Culp’s vision for GE
In Culp’s first year as GE CEO, the money manager more than tripled its stake in the Boston-based conglomerate.
- American City Business Journals
P&G teams with GE Aviation to encourage girls to pursue STEM careers
Procter & Gamble Co. and GE Aviation will be among local businesses that encourage more than 200 girls in grades six through nine to pursue careers in science via an all-day workshop on Nov. 20 at the Cincinnati Museum Center at Union Terminal.
- Investor's Business Daily
14 High Dividend Stocks You Can Count On
High-dividend stocks can be misleading. Here's a smart way to find stable stocks with high dividends. Watch these 14 dividend payers on IBD's radar.
- Zacks
Acquired Assets Aid Danaher (DHR) Despite Rise in Costs
Danaher's (DHR) acquisitive nature has been driving its top line. High product demand and shareholder-friendly policies are added positives. However, high costs, forex woes and debts are concerning.
- Benzinga
13 Stocks With The Highest Average Daily Trading Volume
One of the most basic but useful metrics a stock trader can watch is daily trading volume. Volume is simply the total number of shares that change hands in a given time period. Essentially, volume is an ...
- Zacks
General Electric Secures Wind Turbine Deal From Innergex
General Electric's (GE) advanced 2.X-127 onshore wind turbines help its customers to reduce cost of energy with low and medium wind speed sites.
- Zacks
Simple Market Timing Strategies That Work - November 19, 2019
Have you ever dreamed of being that one in a million investor who has the talent to perfectly time the markets?
- GuruFocus.com
Mason Hawkins Sells Alphabet, General Electric
Guru's largest sales of the 3rd quarter Continue reading...
- Bloomberg
Airplanes Aren’t Selling Like They Used To
(Bloomberg Opinion) -- Airplanes just aren’t selling like they used to.Monday marked the second day of the Dubai Air Show, and while there was the usual smattering of headlines with big-dollar figures, there was also fresh evidence that the robust aerospace cycle that’s propelled the industry’s stocks to new highs is getting long in the tooth. Carriers including Emirates and Etihad Airways rejiggered orders at the Air Show as they sought to adapt to a global growth slowdown and weaker demand for travel in the Middle East amid stubbornly low oil prices. This follows similar rethinks at British Airways-parent IAG SA and Deutsche Lufthansa AG earlier this month, with both carriers seemingly pushing out or putting on hold orders for Boeing Co.’s 777X wide-body model. The general takeaway is that the world doesn’t need as many planes right now as airlines might have thought just a few years ago, especially when it comes to the biggest jets used for long-distance international flights. The 777X in particular appears to be in trouble, with launch customer Emirates also reportedly contemplating cutting or delaying its order for 150 of the jets, perhaps in part by swapping in some of the smaller 787 Dreamliners. The Middle East is one of the more attractive markets for the 777 model, which is too big to fly in many other regions. So if airlines there are balking, then production rates may need to come down. Complicating things is a delay in the first deliveries of the 777X until 2021 due to durability issues with a General Electric Co. jet engine. Emirates chief Tim Clark has made it clear he’s fed up with a pattern of delayed rollouts, or worse, post-delivery glitches that force costly groundings, and the delay could factor into any decision. Stanley Deal, who took over as head of Boeing’s commercial airplanes division in October following the ouster of Kevin McAllister, told reporters over the weekend that the company was still in talks with Emirates on the 777X and a still yet-to-be-confirmed order for 40 Dreamliners. “Long term, the 777X’s value remains intact,” Deal said.Boeing has also trimmed its production targets for the Dreamliner after expected orders from China failed to materialize. Etihad Airways said at the Dubai Air Show that it will take 20 fewer Dreamliners over the next four years than originally planned as it grapples with eye-popping losses. Airbus SE models weren’t spared from weakening demand, either. Emirates finalized a $16 billion order for 50 Airbus A350 widebody jets — more than it had committed to in February — but appears to have backed away from an earlier commitment to buy 40 A330neos as well, meaning the total value of the deal before customary discounts is less than originally outlined.The news was better in the narrow-body market. Air Arabia inked a firm order for 120 of Airbus’s A320-model jets. Even Boeing’s troubled 737 Max got some love, with Turkish holiday carrier SunExpress exercising an option to add 10 more of the jets to its fleet. Indian low-cost carrier SpiceJet Ltd. may also seize on the dearth of Max orders as an opportunity to pick up some of the jets at a discount as it contemplates a new hub in the Middle East. In an interview with Bloomberg TV, SpiceJet chairman Ajay Singh wouldn’t rule out signing a deal at the air show, although the size and ultimate timing remain up in the air. Even so, the early returns on the Air Show would seem to be at odds with Airbus CEO Guillaume Faury’s comments last week that aviation demand continues to move “up and up.” Global passenger traffic is indeed still growing, but at a much lower rate than over the past few years. And that matters, because aviation stocks aren’t cheap right now. The SPDR S&P Aerospace and Defense ETF is up 42% so far this year, well outpacing the broader S&P 500 benchmark. The high valuations for aerospace stocks can hold to the extent margins are still on an uptrend and the rebound investors are positioning for in the manufacturing industry plays out, Denise Chisholm, Fidelity’s head of sector strategy, said in a Bloomberg TV interview. At least some airlines, though, are choosing to plan more conservatively.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.
- Zacks
The Zacks Analyst Blog Highlights: General Electric, Siemens Aktiengesellschaft, Intuitive Surgical, Honeywell International and SAP
The Zacks Analyst Blog Highlights: General Electric, Siemens Aktiengesellschaft, Intuitive Surgical, Honeywell International and SAP
- Business Wire
Emirates and GE Aviation Expand Digital Partnership
GE Aviation and Emirates are working together toward adoption of GE’s electronic Flight Operations Quality Assurance (eFOQA) and Flight Pulse™ among the Emirates pilot community. The proposed project plans to start with Emirates fleet of B777 and A380 aircraft and Emirates pilots. Emirates and GE Aviation intend for FlightPulse and eFOQA to be implemented into Emirates operations in 2020.
- Benzinga
Q3 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios
The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways From ...
- Zacks
Smart Factory Revolution Puts 4 Stocks in Focus
The manufacturing industry is fast approaching a digital makeover, giving rise to smart factories. These four stocks stand to gain from the trend.
- Bloomberg
Tinder for Utilities Matches Power Buyers and Sellers
(Bloomberg) -- It can be hard for a company to find that special wind or solar farm that ticks all the right boxes.As businesses and governments set targets to reduce their greenhouse gas emissions, contracts to buy power directly from renewable energy producers are becoming more popular than ever. Last year a record $1.4 billion of contracts were signed in Europe, according to an estimate from renewable energy company Pexapark AG.New matchmaking programs likened to the iconic app built by Tinder LLC aim to eliminate the costs of looking for the right supplier. It opens new possibilities for smaller companies that don’t have the resources to employ whole procurement teams.This has been a banner year for clean these power purchase agreements. Companies already have signed contracts to buy a record 15.5 gigawatts of clean energy, 14% more than in all of last year, according to research from BloombergNEF. But the vast majority of those deals have been in the U.S., where the biggest technology companies have built data centers hungry for more electricity.“If you’re a small company, it’s difficult to know where to start,” said Helen Dewhurst, an analyst at BloombergNEF. “What the platforms do is allow smaller companies to look for projects that match their demand in a cheaper way, but also saves time.”On the Instatrust platform from Norwegian risk assessment and quality assurance company DNV GL Group, renewable energy developers and companies create profiles with projects or energy needs. An interactive map displays the various projects, with more information available at the click of a mouse. The potential buyer can see features such as the size of the project, credit rating and when the development is set to be complete.An upcoming feature will automate the process. Rather than have to look for the right purchaser or provider, an algorithm will make the connection between buyers and sellers.“If you get a match, you’ll get a notification,” Caroline Brun Ellefsen, global head of Instatrust, said in an interview. “It is a bit like Tinder.”Starting next year, DNV GL will have more competition from General Electric Co.’s renewables unit and Swiss utility Axpo Holding AG. A new platform known as The Green Accelerator will launch in Spain and Sweden early next year before being rolled out in other European markets, said Uli Suedhoff, director of business development for GE Renewable Energy in Europe, the Middle East and Africa.The Green Accelerator doesn’t display all the available projects like Instatrust does. Instead it takes in all the suppliers’ offers and buyers’ demands and pairs them up in a monthly auction. Once the parties are connected, the program offers a standardized contract, which helps reduce the time and cost of the transaction, Suedhoff said. Participation is free, but if the parties sign a contract, then the platform takes a fee.“We can accelerate the PPA market in Europe,” Suedhoff said. “Creating more transparency and a more efficient form for buyers and sellers to match their needs and provide as much standardization is the way to go.”So what does the future hold for these platforms?Ultimately they could capture as much as 20% of the market in Europe, Suedhoff said.To contact the reporter on this story: William Mathis in London at wmathis2@bloomberg.netTo contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net, Lars Paulsson, Andrew ReiersonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
