|Bid||0.00 x 3100|
|Ask||0.00 x 1300|
|Day's Range||71.12 - 71.95|
|52 Week Range||66.99 - 80.96|
|PE Ratio (TTM)||320.13|
|Beta (3Y Monthly)||1.06|
|Expense Ratio (net)||0.14%|
With the mid-term election dust settling, ETF investors can now consider the state of sector investing and look to opportunities that may lie ahead. On the recent webcast (available On Demand for CE Credit), ...
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.
There has been a considerable increase among analysts tracking Illinois Tool Works (ITW) in the past six months. Right now, 21 analysts are actively tracking the stock. Among them, 19% have given the stock “buys,” 76% have given it “holds,” and 5% have given it “sells.”
ETF investors who want to gain targeted exposure in the markets today should consider traditional and new economy sector-based strategies that could help align portfolios with market events, harness macro ...
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.
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.
On October 30, General Electric (GE) reported dismal third-quarter results wherein its top and bottom lines missed analysts’ estimates and marked a significant YoY (year-over-year) fall. Its total revenue fell 4% YoY to $29.6 billion and came in lower than analysts’ expectation of $29.9 billion. Similarly, the company’s third-quarter adjusted EPS plunged over 33% YoY to $0.14 and fell short of analysts’ projection of $0.20.
Shares of General Electric Co. tumbled 5.0% in midday trade Monday, enough to pace the decliners in the industrial sector, but that represented a big bounce off earlier lows. The struggling diversified industrial company's stock had been down as much as 10% at an intraday low of $7.72, which was the lowest price seen since March 9, 2009, before paring losses. The stock was heading for its 12th loss in 13 sessions, and has plunged 36% during that stretch. On Friday, the stock had dropped 5.7%, after J.P. Morgan's Stephen Tusa, the most bearish analyst covering GE, slashed his price target to $6 from $10, citing concerns over the $100 billion in liabilities and zero enterprise free cash flow. The last time GE shares closed as low as $6 was Dec. 23, 1991. The stock has plummeted 60% over the past 12 months, while the SPDR Industrial Select Sector ETF has gained 0.9% and the S&P 500 has tacked on 6.3%.
Shares of General Electric Co (GE.N) tumbled on Friday after a JP Morgan analyst slashed his target price on the stock to a lowly $6, dealing a fresh blow to the U.S. industrial conglomerate's flagging share price. GE shares sank 7.3 percent to $8.44 in afternoon trading, and dropped to as low as $8.15. The stock price fell below $9 (7 pounds) for the first time since March 2009, during the throes of the financial crisis.
On October 24, the AAR (Association of American Railroads) released its rail freight traffic data for Week 42, which ended on October 20. The AAR receives weekly rail data from 12 major North American railroad companies. The weekly rail data are divided into carload traffic and intermodal units. Intermodal units are expressed in containers and truck trailers.
Shares of General Electric Co. bounced 0.9% in premarket trade Wednesday, after tumbling nearly 9% in the previous session after third-quarter results, after UBS analyst Steven Winoker turned bullish on the struggling industrial conglomerate. Winoker raised his rating to buy, after being at neutral for about a year, basically because things have gotten so bad, the path going forward is more likely to show improvement. Winoker said his upgrade is based on three reasons: 1) conviction that new Chief Executive Lawrence Culp will lead a turnaround; 2) the reward-vs.-risk profile as improved with the stock's recent selloff; and 3) he believes "peak uncertainty" has been reached, meaning future event catalysts should improve visibility. "Let's be clear. Larry Culp is key to our upgrade," Winoker wrote in a note to clients. "With the stock having fallen to [about] $10, we think the greater risk is that we are early (pending clean-up costs crystallizing) and are willing to make that long term upside/downside trade-off." GE's stock had tumbled 42% year to date through Tuesday, while the SPDR Industrial Select Sector ETF has shed 8.4% and the S&P 500 has gained 0.3%.
Genesee & Wyoming (GWR) is the largest short line carrier in North America, and it reported its third-quarter earnings today before the market opened. GWR beat analysts’ third-quarter adjusted EPS estimate of $1.15 by 6.2%. The company’s adjusted EPS of $1.23 in Q3 2018 were 51.8% higher than its $0.81 in the third quarter last year.
Shares of General Electric dropped to its lowest level in close to a decade as it undergoes deeper regulatory accounting investigations while new CEO Larry Culp struggles to revive the once-heralded corporation. ETFs with the largest holdings of GE were mixed, such as Davis Select US Equity ETF (DUSA) , Oppenheimer S&P Ultra Dividend Rev ETF (RDIV) and Industrial Select Sector SPDR ETF (XLI) .
Let’s take a look at Norfolk Southern’s (NSC) third-quarter revenue and volumes. The company’s railway operating revenue reached $2.9 billion in the third quarter, up ~10.4% from $2.6 billion in the third quarter of 2017. The company surpassed analysts’ revenue estimates by a narrow margin of 1.2%.
Investors appear to be giving General Electric Co.'s new Chief Executive Lawrence Culp the benefit of the doubt, as the stock's reaction to an earnings miss and slashing the dividend to almost nothing was almost the reverse of the last dividend cut. GE said it was slashing its quarterly dividend to 1 cent a share from 12 cents beginning with the next declaration expected in December. Based on Monday's stock closing price of $11.16, the new annual dividend rate implies a dividend yield of 0.36%, which compares with the dividend yield for the SPDR Industrial Select Sector ETF of 2.05% and the implied yield for the S&P 500 of 2.09%, according to FactSet. When then new CEO John Flannery announced a quarterly dividend cut on Nov. 13, 2017, to 12 cents a share from 24 cents, the stock plunged 7.2% that day and tumbled 5.9% the next day. The last time GE reported a quarterly earnings miss was Jan. 24, and the stock fell 2.7% that day. GE's stock has dropped 36% year to date through Monday, while the S&P 500 has gained 1.2%.
Wall Street analysts expect revenue of ~$5.9 billion for Union Pacific (UNP) in the third quarter. Compared to its revenue of $5.4 billion in the third quarter of 2017, this amount translates into an estimated YoY (year-over-year) rise of 9.4%.
Industrial stocks and sector-related ETFs tanked Wednesday after industry giants Caterpillar (etftrends.com/quote/CAT) and 3M (etftrends.com/quote/MMM) projected a bleak global outlook. On Wednesday, the ...
On October 23, Canada’s number one freight rail, Canadian National Railway (CNI), announced its third-quarter results after the market closed. The railroad company’s adjusted EPS came in at 1.50 Canadian dollars in the quarter, ~2% higher than Reuters-surveyed analysts’ estimate of 1.47 Canadian dollars. On a YoY (year-over-year) basis, CNI’s adjusted EPS rose 14.5% in the quarter from 1.31 Canadian dollars in the third quarter of 2017.
Caterpillar (CAT) reported revenues of $13.51 billion in the third quarter, an increase of 23.7% on a YoY basis. In the third quarter of 2017, Caterpillar reported revenues of $11.41 billion. Caterpillar’s revenues managed to beat analysts’ estimate of $13.28 billion. The third-quarter revenue continued its upward trend, rising for the second consecutive year.
In Week 41, Canadian Pacific Railway (CP) reported 4.4% YoY (year-over-year) carload traffic growth. It moved ~33,000 railcars sans intermodal traffic compared to ~31,600 units in Week 41 of 2017.
PNC's Jeffrey Mills on the biggest risks to the market. With CNBC's Bob Pisani and Melissa Lee, and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.