|Bid||124.98 x 1800|
|Ask||126.90 x 900|
|Day's Range||124.66 - 127.23|
|52 Week Range||115.40 - 144.15|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||20.25|
|Forward Dividend & Yield||2.94 (2.26%)|
|1y Target Est||N/A|
For the past few years, General Electric (GE) has been witnessing falling revenues and profitability, mainly due to the underperformances of several of its business units. The company’s Power segment is struggling to keep up with changing industry dynamics, in which growing demand for renewables and energy efficiency has eroded demand for fossil fuels. GE’s Power segment’s performance is dependent on the gas and coal turbine market.
General Electric’s (GE) stock price keeps falling. The stock fell nearly 2% on November 16, its 11th loss in the previous 13 sessions. The stock closed trading at $8.02 before touching a nine-year low of $7.73.
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have been proven to have great stock picking abilities over the years (that’s why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of […]
Joining a group that also includes the Boeing Co. is the latest in a continuing run of R&D initiatives by Wichita's largest employer.
As of November 14, Honeywell (HON) was in the green with a marginal gain of 0.4% on a YTD basis. Honeywell has managed to beat peers General Electric (GE) and 3M (MMM), which have declined by 52.3% and 15.8%, respectively. Honeywell had gained up to 9.7% in the year, but the sell-off in the US market wiped out all the gains.
Haverford Trust’s Hank Smith says a trade resolution with China and a pause in interest-rate increases could ignite a rally.
United Technologies (UTX) closed the most recent trading day at $129.73, moving +0.65% from the previous trading session.
Offers from Apax Partners and PAI Partners, as well as a joint bid from Eurazeo SE and Rhone Capital, are being considered, said the people, who asked not to be identified because the discussions are private. A representative for Farmington, Connecticut-based United Technologies, didn’t have an immediate comment. The company, which has disparate jet-engine, elevator and air-conditioning businesses, is weighing a breakup after it completes a $23 billion deal for Rockwell Collins Inc. that will create an aerospace behemoth.
United Technologies (UTX) stock price increased 12% in the third quarter as shareholders expected the Rockwell Collins acquisition to close by quarter end. While some of UTX's businesses exhibit economic cyclicality, a large portion of its portfolio, particularly the aerospace and Otis Elevator service businesses, are relatively insulated from macro shocks due to strong order books, multiyear backlogs, and the long-term nature of proprietary service contracts. The Rockwell Collins acquisition is still awaiting approval from the Chinese regulator.
Dow Jones stocks Cisco Systems and JPMorgan rose, Boeing dived on Thursday, as the S&P 500 threatened to add a sixth day to its losing streak.
PSH has continued to make significant progress in the year to date. NAV per share has increased by 9.7%, compared with the S&P 500's year-to- date performance of 3.5%. This outperformance has been driven primarily by our investments in ADP, Lowe's, Starbucks, and Chipotle, which we describe in detail below.
As of November 14, Honeywell’s (HON) dividend yield stood at 2.06%, which is higher than its dividend yield of 1.86% at the end of the third quarter. In the past six years, Honeywell’s dividend yield has been hovering in the region of 1.8% to 2.6%. In comparison, peers Boeing (BA), United Technologies (UTX), and Textron (TXT) have dividend yields of 1.85%, 2.25%, and 0.14%, respectively.
Investors need to pay close attention to United Technologies (UTX) stock based on the movements in the options market lately.
General Electric (GE) has a consensus rating of ~2.6 from analysts polled by Thomson Reuters, with a consensus “hold” opinion on the stock. There has been a shift in analysts’ recommendations for GE since its third-quarter results and its restructuring plan announcements. Before GE’s third-quarter earnings were released, three analysts recommended “buys” on its stock.
Democrats gained control of the House of Representatives in the recent midterm elections, but aerospace and defense stocks and exchange traded funds did not seem to mind. The iShares U.S. Aerospace & Defense ETF (ITA), PowerShares Aerospace & Defense Portfolio (PPA) and the SPDR S&P Aerospace & Defense ETF (XAR) have been one of the steadiest “Trump trades,” but those funds also posted solid gains following the midterm election results. “Our bull case envisions bipartisanship and an avoidance of gridlock, which creates funding certainty for defense names, but our bear case anticipates budget chaos and sequestration for fiscal 2020,” said Morningstar in a recent note.
General Electric’s (GE) Transportation segment is its second-smallest unit by sales. The segment manufactures trains, mining equipment, and marine diesel engines. However, for the past few years, the segment has been witnessing falling revenues and margins due to intense competition from local and regional players along with train budgetary cuts in several global economies.
The Aviation segment has been one of General Electric’s (GE) best-performing units in recent quarters. In the third quarter, the vertical’s revenue jumped 12% to $7.5 billion from $6.7 billion in the previous year’s quarter. However, the segment’s revenue fell slightly short of analysts’ estimate of $7.6 billion.
General Electric’s (GE) problems aren’t limited to the power business. The company’s Transportation and Legacy segment’s lighting division has also been in troubled waters for years. Intense competition and train budgetary cuts in several global economies are hurting transportation businesses’ revenues and margins.
For most of 2018, stocks have been held hostage to global headlines. The macro economic fundamentals are strong, but we have three people currently controlling the big whipsaws on Wall Street. President Trump is on a mission to strike a deal with China so he is butting heads with President Xi.
The diversified industrial's stock price declined alongside its peers' in October, but its growth prospects continue to look good.
The woes at GE (NYSE:GE) continue to weigh on GE stock. The probe could result in more bad news for GE and GE stock at a time when the company desperately needs to restore investors’ confidence in it. Until investors can again trust General Electric, it will become difficult to make money with General Electric stock.