|Bid||8.8400 x 29200|
|Ask||8.8500 x 1200|
|Day's Range||8.75 - 8.90|
|52 Week Range||6.66 - 17.48|
|Beta (3Y Monthly)||0.32|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 31, 2019|
|Forward Dividend & Yield||0.04 (0.45%)|
|1y Target Est||11.81|
The " Fast Money " traders shared their first moves for the market open. Steve Grasso was a buyer of General Electric GE . Mark Tepper was a seller of Netflix NFLX . Dan Nathan was a seller of the Financials ETF .
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.
Can Warren Buffett Outperform the Markets in 2019?(Continued from Prior Part)Warren Buffett’s fans Legendary investor Warren Buffett has a lot of fans. As we noted previously, Buffett has beaten the markets handsomely over the last 50 years.
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 Buffett As 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.
Proprietary Platform Offers Liquidity to Suppliers Worldwide NEW YORK , Jan. 16, 2019 /PRNewswire/ -- MUFG Americas Holdings Corporation (MUAH) and GE Capital today announced the signing of an agreement ...
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
General Electric (GE), whose stock famously crashed in 2018, may rebound sharply in 2019 due to four developments that GE bull Nick Heymann says are likely to occur. The William Blair analyst expects the beaten down industrial conglomerate to sharply boost its liquidity, step up the breadth and pace of asset sales, fund more than $10 billion of remaining underfunded loss reserves at GE Capital’s long-term health-care reinsurance, and improve its credit rating on Wall Street faster than currently expected (see table below). Heymann has covered GE for decades and is known both for his highly accurate, and often highly critical, forecasts of GE's financial results.
General Electric (GE) closed the most recent trading day at $8.73, moving -1.91% from the previous trading session.
next earnings report is likely to be "unfavorable," according to JPMorgan analyst Stephen Tusa. Tusa said in his note that "if we don't get much tangible, it will reinforce the Bear case that there is no concrete silver bullet plan." Tusa maintained a neutral rating on General Electric with a price target of $6. Noting the company's "myriad of moving parts," Tusa said uncertainty comes from questions about the financial future of the company as well as the scope of GE's persisting issues.
On Monday, one options trader made a million-dollar bet that GE would be back above $10 per share by the beginning of 2020.
Suffolk Construction has hired Puneet Mahajan, a 20-year veteran of Boston-based General Electric Co., as its chief financial officer, and Lea Stendahl, former chief marketing officer for E*Trade, as its chief marketing officer. Mahajan joined GE (NYSE: GE) in 1998 and was most recently vice president of financial planning and analysis. Stendahl had previously been managing director of brand and marketing communications for TD Ameritrade, and prior to that spent eight years as E*Trade’s senior vice president of marketing. Suffolk routinely ranks as the largest general contractor in Massachusetts and last year generated $3.025 billion in dollar volume, according to Business Journal research.
Brazilian regulators have asked General Electric Co. to remove more than 600 of its transformers from Brazil's power grid, Reuters said Tuesday, citing documents it has reviewed. The request follows several explosions over the past six years that suggest 53 GE transformers are involved, the report said. GE told Reuters it was aware of the incidents but that there was no evidence thus far they could be related to the product. Shares of GE fell 0.9% in midday trading Tuesday, and are down 53% in the past 12 months, compared with losses around 6.5% for the Dow Jones Industrial Average in the same period. Walgreens Boots Alliance Inc. in June replaced GE on the index.
Brazil's power system operator has requested that 662 transformers made by General Electric Co be removed from the country's grid after a number of explosions involving the devices, according to document seen by Reuters. The document, which was prepared by Brazil's grid operator ONS and submitted to the Ministry of Mines and Energy in early December, says 53 GE transformers have exploded in the past six years, suggesting that the incidents may be associated with the product or its materials. ONS confirmed in a statement that it had made the request to change some GE transformers after finding they "present a failure rate that is superior to what is expected for that equipment." It did not specify the number of transformers or incidents that led to the request.
Venture Global LNG Inc urged U.S. energy regulators on Tuesday to approve construction of its planned Calcasieu Pass liquefied natural gas (LNG) export terminal in Louisiana by Jan. 22. "We have made very significant financial commitments to our vendors and suppliers, acting in reliance on the expectation the Commission will act on a timely basis in accordance with its established schedule," Venture Global said, noting that schedule called for a decision by Jan. 22. The Calcasieu Pass facility is designed to produce about 10 million tonnes per annum (MTPA) of LNG, or about 1.3 billion cubic feet per day (bcfd) of natural gas.