|Bid||9.82 x 800|
|Ask||9.83 x 39400|
|Day's Range||9.81 - 10.06|
|52 Week Range||6.40 - 14.99|
|Beta (3Y Monthly)||0.92|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 18, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||0.04 (0.40%)|
|1y Target Est||12.76|
Procter & Gamble has completed the sale of 6.5 acres of its Gillette campus in South Boston, reportedly for $218 million.
The U.S. FBI is investigating corporate giants Johnson & Johnson, Siemens AG, General Electric Co and Philips for allegedly paying kickbacks as part of a scheme involving medical equipment sales in Brazil, two Brazilian investigators have told Reuters. Brazilian prosecutors suspect the companies channelled illegal payoffs to government officials to secure contracts with public health programs across the South American country over the past two decades. Brazilian authorities say more than 20 companies may have been part of a "cartel" that paid bribes and charged the government inflated prices for medical gear such as magnetic resonance imaging machines and prosthetics.
The U.S. FBI is investigating corporate giants Johnson & Johnson, Siemens AG, General Electric Co and Philips for allegedly paying kickbacks as part of a scheme involving medical equipment sales in Brazil, two Brazilian investigators have told Reuters. Brazilian prosecutors suspect the companies channeled illegal payoffs to government officials to secure contracts with public health programs across the South American country over the past two decades. Brazilian authorities say more than 20 companies may have been part of a "cartel" that paid bribes and charged the government inflated prices for medical gear such as magnetic resonance imaging machines and prosthetics.
As expected, China retaliated against the U.S.’s increased tariffs by vowing this week to raise levies on $60 billion of goods, while also exploring other measures. Take these last two with a grain of salt, as it’s unclear how China would execute this kind of drastic action without painful consequences for itself. It’s unlikely China never buys a Boeing plane again, but the two fatal crashes of its 737 Max and the subsequent grounding of the jet make Boeing an easier target.
J.P. Morgan analyst Stephen Tusa said in a note that 3M's "premium valuation is unjustified by undifferentiated fundamentals," with growth excluding mergers and acquisitions likely decelerating and benefits to margins fading. 3M's quarterly dividend is "on watch for a cut, after 37 straight years of increase," Tusa said. J.P. Morgan pointed to 3M's growing list of liabilities as another risk to the company's earnings-per-share growth.
The rising debt load at U.S. cemetery operator StoneMor Partners LP has helped bring it to death's door, but specialized lending funds are clamoring to refinance the company's borrowings, according to sources familiar with talks. In the wake of the financial crisis when interest rates sank to historic lows, StoneMor borrowed over $300 million to acquire cemeteries and funeral parlors. The strategy added the deathcare company to a generation of companies now saddled with debt that has limited growth prospects.
Zacks Value Trader Highlights: General Motors, General Electric, Chemours, Camping World and L Brands
The gettin’ is still good for KPMG LLP when it comes to General Electric Co. audits — while the gettin’ can be gotten, anyway. The state’s largest public company by revenue, GE paid KPMG $133.3 million in fees last year. It takes approximately 400 KPMG partners to handle the GE audit.
Wayfair, the Boston-based online furniture retailer, joined the ranks of Massachusetts businesses with a spot on Fortune magazine’s list of 500 of the highest-grossing companies in the United States.
A big part of GE's overall "reset" is fixing its power business, which was once headquartered in Schenectady and still makes turbines there.
Investment company Bruce & Co. buys Compass Minerals International Inc, General Electric Co during the 3-months ended 2019Q1, according to the most recent filings of the investment company, Bruce & Co.....
Danaher might be experiencing buyer’s remorse after GE biopharma competitors posted weak results. The purchase agreement might make remorse moot.
Iraq has contingency plans for any stoppage of Iranian gas imports for its power grid but hopes no such disruption will take place, Oil Minister Thamer Ghadhban said on Thursday. Iraq relies heavily on gas from Iran for its electricity supply, which is stretched during hot summer months.
GE's Power Business Might Lose Significant Cash in 2019(Continued from Prior Part)General Electric outperformed its peersGeneral Electric (GE) stock has been rising since the beginning of the year. The stock has risen nearly 41% in 2019. General
Shares of industrial giant General Electric (NYSE:GE) have been acting well lately, both in relative and absolute terms. However, the company still has plenty of headwinds to overcome, and this is helping set GE stock up for a promising trade.Source: Shutterstock Before looking at the charts of General Electric stock let's clarify that this is not an outright long-term bullish call on the company or its stock but rather a pure "trade" idea for the near term of a few weeks to months.GE has had plenty of issues over the past few years and GE stock has seen its fair share of investor exodus, particularly after cutting its dividend in 2018. However, from an active investing and trading perspective, money at the margin is made by separating the near term from the longer term time frames, which is what this trade idea is all about.InvestorPlace - Stock Market News, Stock Advice & Trading Tips GE Stock Charts Click to EnlargeOn the multi-year weekly chart, we see that GE stock had a miserable 2017 and 2018 where it barely came up for breath on its dive lower. By December 2018, however, the stock had matched its 2009 nadir and began to act much more constructively. So far in 2018 the stock has managed to work its way up to the yellow 50-week simple moving average and is currently contesting with it as a layer of resistance that could become technical support. Click to EnlargeOn the daily chart, we see that in 2019, General Electric stock has managed to overcome its yellow 50-day and blue 100-day moving averages in a sound technical manner. Most recently, the stock also pushed back above its red 200-day moving average, which is acting as support.I drew the black diagonal line on the chart to determine how much the stock is visibly coiling up below this line for what looks to be an increasingly higher probability of a next leg higher into the low teens.Active investors and traders could look to buy the stock upon a push above $10.50, using $11.50 as a next upside profit target, followed by $12. Any major bearish reversal that holds on a weekly closing basis would be a clear stop loss signal and indicate that the stock is simply not yet ready to go higher.My absolute favorite way to trade this type of pattern is by using a simple but specific options strategy. I am holding a special webinar to teach this strategy to InvestorPlace readers. Register here.Attend Serge Berger's special webinar: The highest probability options strategy for income. Click here to register. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post Trade of the Day: General Electric Stock Is Ready to Spark Higher appeared first on InvestorPlace.
GE's Power Business Might Lose Significant Cash in 2019Negative cash flowGeneral Electric (GE) stock fell 0.6% on May 15. The company expects its ailing power plant business to lose significant cash this year. The company also downplayed
Miller had said at the time that these were orders for heavy-duty gas turbines, a market that has seen a significant plunge in demand. JPMorgan Chase & Co. analyst Steve Tusa questioned that statement in the wake of the call, saying in a note the math just didn’t make sense, given that GE said it had booked only three of its higher-wattage H-class turbines in the period. This includes not only heavy-duty gas turbines but also orders funneled through joint ventures and aeroderivative models.
Global merger and acquisition volumes reached their third-highest year on record in 2018, continuing a trend that has seen dealmaking steadily increase since the financial crisis. All this M&A means that there are huge amounts of goodwill sitting on companies’ balance sheets — which bring the potential of similarly large impairments with them. With interest rates still at historically low levels and the global economy growing strongly in recent years, investors have largely been content to assume that firms have paid fair prices for the acquisitions they have made.