GE - General Electric Company
| Previous Close | 10.27 |
| Open | 10.22 |
| Bid | 0.00 x 1000 |
| Ask | 0.00 x 1200 |
| Day's Range | 9.92 - 10.24 |
| 52 Week Range | 6.40 - 14.99 |
| Volume | 81,563,530 |
| Avg. Volume | 112,164,083 |
| Market Cap | 86.877B |
| Beta (3Y Monthly) | 1.01 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -2.63 |
| Earnings Date | Apr 18, 2019 - Apr 22, 2019 |
| Forward Dividend & Yield | 0.04 (0.39%) |
| Ex-Dividend Date | 2019-03-08 |
| 1y Target Est | 12.82 |
Yahoo Finance•18 hours agoThe history of GE: From Thomas Edison to jet engines to being kicked out of the Dow
GE is an incredible American story.
- Bloomberg•19 hours ago
For Bayer and FedEx, Deal Hindsight is 20/20
Both deals were the companies’ largest.First, Bayer. A second U.S. jury this week linked Monsanto’s Roundup weed killer to cancer, crystallizing the likelihood that Bayer will face substantial legal liabilities as it battles some 11,200 outstanding lawsuits.
Market Realist•20 hours agoValuing Berkshire Hathaway: Buffett Solved the Puzzle
How Does Warren Buffett View Berkshire Hathaway?(Continued from Prior Part)Berkshire Hathaway In his 2018 annual shareholder letter, Warren Buffett, Berkshire Hathaway’s (BRK-B) chairman, shared his views on how to measure the company’s intrinsic
- Market Realist•21 hours ago
Mario Draghi: Is another ‘Whatever It Takes’ Moment at Hand?
Mario Draghi: Is another ‘Whatever It Takes’ Moment at Hand?Mario Draghi Today, we got another round of dismal data points from Europe (VGK)(EZU). According to a Markit survey, Germany’s (EWG) March PMI Composite Output Index fell to a
- Reuters•21 hours ago
African Development Bank, GE reach settlement on Alstom misconduct
The African Development Bank Group said on Friday that two General Electric Co subsidiaries would be temporarily barred from bidding on power contracts as part of a settlement of misconduct cases. The agreement bars GE Power units in Egypt and Germany from bidding for up to 76 months, the bank said. The units, former parts of Alstom that GE acquired in 2015, were found to have engaged in bribery and fraud in 2006 and 2011, the bank said.
Market Realist•22 hours agoTop US Companies Impacted by Slowing European Economy
Top US Companies Impacted by Slowing European Economy(Continued from Prior Part)Concerns about the slowdown As we saw in the previous part, recent macro data show Europe’s slowing economic growth. In the last few months, China—the world’s
- ACCESSWIRE•22 hours ago
CLASS ACTION UPDATE for ZIV , CORT and GE : Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
NEW YORK, NY / ACCESSWIRE / March 22, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...
- ACCESSWIRE•22 hours ago
CLASS ACTION UPDATE for TYME, GE and VNDA: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
NEW YORK, NY / ACCESSWIRE / March 22, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...
- CNBC•23 hours ago
GE's stock is having one of its best quarters in five decades, but analysts are unconvinced
General Electric's GE stock is having one of its best quarters in nearly five decades. Shares of the industrial giant are up more than 34 percent so far this year, putting it on track for its second-best quarterly performance since at least 1971. "From my perspective, GE's an absolute dumpster fire," Mark Tepper, president and CEO of Strategic Wealth Partners, told CNBC's "Trading Nation" on Thursday.
- Market Realist•yesterday
Fed’s Dovish Stance Surprised Jeffrey Gundlach
Fed’s Dovish Stance Surprised Jeffrey GundlachFed’s dovish tone While talking to CNBC on March 21, the “bond king” and DoubleLine founder, Jeffrey Gundlach shared his views on the Fed’s recent meeting and what it could mean for the
- ACCESSWIRE•yesterday
GE, ASTE & ZIV Bronstein, Gewirtz & Grossman, LLC Class Action Alert
NEW YORK, NY / ACCESSWIRE / March 22, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review ...
- Investing.com•yesterday
General Electric Falls 3%
Investing.com - General Electric (NYSE:GE) fell by 3.21% to trade at $9.94 by 12:44 (16:44 GMT) on Friday on the NYSE exchange.
- Reuters•yesterday
Smiths plans to list medical unit, focus on industrial technology
The healthcare business has suffered from product delays, stricter European regulations and two lost contracts in the United States. A plan to merge it with U.S.-based ICU Medical fell through in September because Smiths and ICU could not agree on terms. "Pursuing a demerger of Smiths Medical will lead to two stronger companies, each...maximising the opportunities in their respective markets," Chief Executive Andy Reynolds Smith said.
- American City Business Journals•yesterday
Ready for takeoff: The sky’s the limit at GE’s Lynn aviation plant
After a decade's worth of declining production, suddenly the sky's the limit at General Electric's century-old Lynn aviation plant, where a contract to develop a new engine for U.S. Army Apache and Black Hawk helicopters has helped execs project sales and profitability growth.
- Investopedia•yesterday
8 High-Octane Industrial Stocks Seen Racing Past Market in 2019
Industrial stocks could outperform this year as expectations of high earnings growth help them rebound from last year's rout.
- Reuters•yesterday
U.S. corporate breakups could be catalyst to change Dow index
Shake-ups come infrequently for the Dow Jones Industrial Average, but some degree of change may be in the works for the stock index as two of its 30 constituents prepare to transform from large conglomerates into smaller companies. The latest occasion to re-examine the Dow stems from chemical company DowDuPont Inc, which is breaking up into three publicly listed stocks. The first step, the separation of the company's Dow materials science division, is due to take effect on April 1.
Bloomberg•2 days agoSiemens to Explore Gas Turbine Deal With Asian Partner
Siemens has held talks with several firms including Mitsubishi, said the people, who asked not to be identified because the discussions are private. No final decisions have been made and Siemens may still decide to keep the unit, they said. Siemens has been considering options for the large gas turbine business, which forms the biggest part of its power-and-gas division, since at least last June, when people familiar with the matter said the German engineering company was considering a potential sale.
- American City Business Journals•2 days ago
GE Power among companies watching the challenges related to marijuana legalization
GE Power is one of many employers in the Albany region figuring out facing new challenges and potential regulations with drug testing if marijuana becomes legal for recreational use.
- InvestorPlace•2 days ago
There Is a Bullish Case for General Electric Stock
For the owners of General Electric (NYSE:GE) stock, the news that the company released recently was both very disappointing and very uplifting. All in all, although the recovery of GE and GE stock price will take longer than I previously thought, both still look poised to recover strongly within a year or two.Source: Shutterstock Since the very disappointing news -- including the company's forecast for negative industrial free cash flow this year and lower than expected earnings per share guidance - has been very well-covered by the media, let's start by looking at the less-noticed, good news. The Good News for GE StockFirst and foremost, CEO Larry Culp actually sounded pretty optimistic about the issue that's caused so many investors to abandon General Electric stock in recent years: the company's huge debt load."If we look at the simple frame here around leverage, I think we're making a lot of progress relative to the goals that we've laid out….There is a lot to do in this regard, a number of things that we're pretty pleased with in terms of the progress that we've made the last several months…We think that combined with what we've done and what we will do … really set us up nicely to continue to delever the company.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo Culp said GE is "making a lot of progress" on meeting its goals relative to reducing debt, and he noted that he's "pretty pleased with…the progress" the company has made on that front. Importantly, Culp added that the company is well-positioned to continue to reduce its debt load. * 5 Stocks To Buy for the Happiest Employees Those don't sound like the words of a CEO who's unsure about his company's ability to survive. Assuming that Culp, who has a great reputation, isn't a con artist, I think he'd sound very different if he thought GE and GE stock might go belly up. At the very least, he'd probably say that the company was still studying its alternatives and he wouldn't have said "we're making a lot of progress" or "we're pretty pleased..the progress that we've made."And when it comes to Power, the company's largest unit and the other issue that's caused GE stock price to sink, the CEO sounded like he has a solid plan to turn around the unit and to improve the way it operates.Culp emphasized the requirement to put customers first in order to avoid fiascoes like the faulty gas turbines that have hurt the unit's results in recent years. He also mentioned plans to execute better on projects. He discussed the need to cut costs, in order to adjust to lower demand, and to eliminate old, nonrecurring costs associated with "legal obligations" and the acquisition of Alstom.Also on Culp's list of priorities for Power are managing the unit on a day-to-day basis and decentralizing decision-making. Finally, he wants the unit's employees to work hard all year, instead of rushing around at the end of every quarter.Also in the good news column, I'd argue, is the company's overall 2019 earnings per share guidance. That came in at 50 cents-60 cents per share of GE stock, versus analysts' consensus estimate of 65 cents. However, Culp said that the company's EPS performance would improve after Q1. The company also noted that the top line of its industrial businesses would increase.Despite the anticipated earnings miss, positive EPS and revenue increases by a company that most believed was rapidly driving toward a cliff is not a bad thing. The Bad News for GE StockNow we move to the much-better-publicized bad news for GE stock. The company said that the free-cash flow of its industrial businesses, excluding certain items, would be zero to -$2 billion this year, while Power's free-cash flow would decline in 2019. Culp also said that Power's turnaround would be a"multiyear" process.All of that was much worse than I expected, given the positive catalysts that I see for Power plus Culp's statement in November that Power was "getting close" to a bottom. The Long-Term Outlook for GE Stock Is Still PositiveGE's 2020 and 2021 guidance was much more upbeat, which indicates that Culp expects the company's performance to greatly improve over the next two years.Power's free-cash flow is expected to significantly improve next year, although it will still be negative. But its free-cash flow is projected to turn positive in 2021. In 2020, the company's Industrial free-cash flow is projected to meaningfully improve and be positive. And in 2021, the growth of the company's Industrial free-cash flow is expected to accelerate.And importantly, the positive catalysts of the Power unit, which accounts for the lion's share of GE's revenue and is the main mover of GE stock price, still seem to be intact.Electric car sales are still ramping quickly around the world. In developed countries, large amounts of data usage should also spark increased electricity usage. Finally, in the U.S. and Canada, more growing of cannabis will also spur new demand for electricity. Cumulatively, these trends should spark more demand for new power plants in many places around the world.Decreased demand for coal and nuclear plants in many markets has probably hurt Power and GE stock price. But many experts believe that demand for natural gas in the U.S. will continue to rise, although there's disagreement on whether the increase will be slow or rapid. Nevertheless, in either scenario, GE can still sell many gas turbines and a great deal of equipment for natural gas plants in the years ahead.Meanwhile, no one seems to question the notion that China's demand for natural gas will rise rapidly for years to come, while demand for liquid natural gas is increasing all over Asia. Assuming that Culp can light a fire under GE's employees, Power and GE stock price should be well-positioned to benefit from this demand. The Bottom Line on General Electric StockCulp sounded optimistic about the company's ability to survive and to thrive by 2021. And it sounds like he has a viable plan to turn the company around. * 10 Stocks on the Rise Heading Into the Second Quarter Although his near-term forecast was disappointing to me and to many owners of GE stock, the company's long-term outlook and drivers appear to be intact. Therefore, long-term investors should continue to buy General Electric stock at current levels.As of this writing, Larry Ramer did not own shares of any of the companies mentioned. Compare Brokers The post There Is a Bullish Case for General Electric Stock appeared first on InvestorPlace.
- GlobeNewswire•2 days ago
The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of UXIN, GE, BRS and KHC
NEW YORK, March 21, 2019 -- The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a.
- Market Realist•2 days ago
Is the Economy Cooling Too Fast?
Powell Halts Rate Hikes, Trump Might Not Be Pleased(Continued from Prior Part)Economy After its two-day meeting, the Federal Reserve signaled no more rate hikes in 2019. In December, the Fed projected two rate hikes in 2019. The Fed has also toned
- InvestorPlace•2 days ago
It’s Time to Admit You Missed the Boat on Snap Stock
We've finally seen some life in Snap (NYSE:SNAP) in 2019, with shares exploding off its Dec. 24 lows. The stock has more than doubled from those levels as investors continue to bid Snap stock higher. In this regard, it's somewhat reminiscent of General Electric (NYSE:GE) and its big rally from the December lows.Source: Shutterstock However, the same question persists: Can Snapchat stock continue its rally?There are a few things to consider here. The first is that technology and the broader markets have momentum right now, and so do some of Snap's peers, like Facebook (NASDAQ:FB).InvestorPlace - Stock Market News, Stock Advice & Trading TipsShould that momentum persist, I see no reason why Snapchat stock cannot continue higher as well. And keep in mind, I'm no raging bull in Snap. In fact, I have not liked this one very much at all over the years, save for a few short-term long setups on the chart.In that regard, let's look at the charts to see what we're working with. * 5 Cloud Stocks to Help Your Portfolio Fly Trading Snapchat Stock Click to EnlargeSnapchat stock rallied from $5 in late December to $7 in early February. For many, this 40% rally would be a sure-fire short. But investors have to realize that, even without solid fundamentals, rarely is it worthwhile to try shorting a stock to zero.The risk/rewards simply isn't appropriate. Even at $7, the best case with Snap is picking up $2 on a winning short trade, while risking an unwind up to the $9.25 to $10 area.Compare that to early August, when Snapchat stock tested prior support near $13.50 and failed. That gave us an immediate target of prior support near $10.50 and a windfall below that. Plus, our risk wasn't very high because a key level was just overhead.Enough of the history lesson, where can the stock go now?Over downtrend resistance (blue lines), the notable $10.50 level and all three major moving averages, and Snap stock has strong momentum. After getting a big boost last week on an analyst upgrade, Snap is consolidating the gains nicely. If it can continue consolidating over this $10.50 level, the odds it takes out its recent highs over $11.40 increases.From there, Snapchat stock can make its way up toward $13.25 to $13.75, up almost 25% from current levels. Of course, a move like that wouldn't take place overnight. But there's no reason to fight a trend until the stock breaks away from it. On the flip side, below $10.50 and the backside of prior downtrend resistance near $9.75 is the next line in the sand. Evaluating Snap StockSo why don't we like Snap stock from a fundamental perspective? Last quarter, the company grew revenue more than 36% year-over-year, beating analysts' expectations and hitting a quarterly record. A loss of 4 cents per share came in 4 cents ahead of estimates too. It's clear why Snapchat stock rallied so big off these numbers.The company's strategy is becoming more clear as it invests in improving its content and making the platform more attractive for users. That's great if it works. So far, Snap is only treading water. Daily users of 186 million is flat sequentially and year-over-year. On the plus side, revenue is up big despite that flat user count, but this is not something to hang your hat on.Here's why I don't like Snap as an investment. Despite the record revenue last quarter, the company still burned almost $150 million in cash. While its net loss improved by $158 million vs. the same quarter in the prior year, Snapchat stock still logged a net loss of $192 million. Ouch. Free cash flow over the trailing 12 months stands at an $812 million deficit.It simply can't get out of the red. The Bottom Line on SNAP StockCurrently, Snap has $1.28 billion in cash and short-term investments, down a whopping 37% year-over-year from $2.04 billion. On the plus side, Snap stock doesn't have any debt.But if it can't stem its cash-bleeding ways, it may need to raise capital. Getting to cash flow positive territory would be a much better alternative to taking on debt or selling equity.At this point, the stock is trading much better than the fundamentals would suggest. For now, we don't bet against that. But we'll re-evaluate down the road.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post It's Time to Admit You Missed the Boat on Snap Stock appeared first on InvestorPlace.
- Market Realist•2 days ago
Powell Halts Rate Hikes, Trump Might Not Be Pleased
Powell Halts Rate Hikes, Trump Might Not Be PleasedFederal’s meeting The Fed’s two-day meeting ended on March 20. The Fed’s stance on future rate hikes was more dovish than the markets expected. Looking at the projections, the Fed sees the
- Barrons.com•2 days ago
Taking a Flyer on General Electric Stock and Its Brash CEO Larry Culp
GE’s turnaround ranks as one of history’s most complicated restructuring challenges. Buying upside call options that expire in a year or longer might be the right way to invest in it.
