|Bid||11.42 x 42300|
|Ask||11.43 x 40000|
|Day's Range||11.31 - 11.46|
|52 Week Range||6.40 - 11.58|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.04 (0.35%)|
|1y Target Est||N/A|
Advanced manufacturing jobs in the state are going unfilled, because there aren’t enough trained workers, according to Gov. Charlie Baker's housing and economic development chief, Michael Kennealy.
Emirates is reportedly leaning towards General Electric engines for its Boeing 787 Dreamliner order as rival Rolls-Royce faces delays.
As Boeing continues to work toward getting its 737 Max jets off the ground, engines for the planes are coming off the line in Durham.
The Dow Jones Industrial Average had a heck of a good run over the past decade, even as membership in this bastion of just 30 blue-chip stocks changed dramatically.On a price basis alone, the large-cap average has gained more than 160% since the last day of trading in 2009. Include dividends - all Dow stocks are dividend payers - and the industrial average has delivered a total return in excess of 230%. Indeed, the Dow has generated a 10-year annualized total return of 10.5%.It's not unusual for the folks at S&P; Dow Jones Indices, which operates the index, to make changes to the Dow. As a price-weighted average, it's necessary that the Dow stocks with the highest prices not get too far away from those with the lowest prices, lest those low-priced stocks become immaterial to the Dow's performance.The keepers of the index also make changes to ensure the Dow comprises a diverse portfolio of stocks that reflect both the U.S. equity market and the U.S. economy.To that last point, the average went into overdrive to better reflect the dynamic forces shaping the market and the economy. Seven Dow stocks were removed from the average over the past 10 years. In almost every case, the Dow's editors ditched a more sluggish, older-economy company in favor of a name that's riding secular changes in the global economy.Here are the seven Dow stocks kicked to the curb over the past decade. SEE ALSO: Every Warren Buffett Stock Ranked: The Berkshire Hathaway Portfolio
Beijing Threatens To End One Country Two Systems Hong Kong Status Quo The stage might now be set for a complete Chinese takeover of Hong Kong. According to the South China Morning Post, the Legislative Affairs Commission of the National People’s Congress Standing Committee (NPCSC) criticized the Hong Kong Supreme Court’s decision to declare the […]The post Market Morning: One Country One System, 7000 Boeing Woes, Mideast Tension, California Car Boycott appeared first on Market Exclusive.
Accounting changes have the potential to hurt the motorcycle icon. Or at least damage investor sentiment on Harley-Davidson stock.
Procter & Gamble Co. and GE Aviation will be among local businesses that encourage more than 200 girls in grades six through nine to pursue careers in science via an all-day workshop on Nov. 20 at the Cincinnati Museum Center at Union Terminal.
High-dividend stocks can be misleading. Here's a smart way to find stable stocks with high dividends. Watch these 14 dividend payers on IBD's radar.
Danaher's (DHR) acquisitive nature has been driving its top line. High product demand and shareholder-friendly policies are added positives. However, high costs, forex woes and debts are concerning.
One of the most basic but useful metrics a stock trader can watch is daily trading volume. Volume is simply the total number of shares that change hands in a given time period. Essentially, volume is an ...
General Electric's (GE) advanced 2.X-127 onshore wind turbines help its customers to reduce cost of energy with low and medium wind speed sites.
(Bloomberg Opinion) -- Airplanes just aren’t selling like they used to.Monday marked the second day of the Dubai Air Show, and while there was the usual smattering of headlines with big-dollar figures, there was also fresh evidence that the robust aerospace cycle that’s propelled the industry’s stocks to new highs is getting long in the tooth. Carriers including Emirates and Etihad Airways rejiggered orders at the Air Show as they sought to adapt to a global growth slowdown and weaker demand for travel in the Middle East amid stubbornly low oil prices. This follows similar rethinks at British Airways-parent IAG SA and Deutsche Lufthansa AG earlier this month, with both carriers seemingly pushing out or putting on hold orders for Boeing Co.’s 777X wide-body model. The general takeaway is that the world doesn’t need as many planes right now as airlines might have thought just a few years ago, especially when it comes to the biggest jets used for long-distance international flights. The 777X in particular appears to be in trouble, with launch customer Emirates also reportedly contemplating cutting or delaying its order for 150 of the jets, perhaps in part by swapping in some of the smaller 787 Dreamliners. The Middle East is one of the more attractive markets for the 777 model, which is too big to fly in many other regions. So if airlines there are balking, then production rates may need to come down. Complicating things is a delay in the first deliveries of the 777X until 2021 due to durability issues with a General Electric Co. jet engine. Emirates chief Tim Clark has made it clear he’s fed up with a pattern of delayed rollouts, or worse, post-delivery glitches that force costly groundings, and the delay could factor into any decision. Stanley Deal, who took over as head of Boeing’s commercial airplanes division in October following the ouster of Kevin McAllister, told reporters over the weekend that the company was still in talks with Emirates on the 777X and a still yet-to-be-confirmed order for 40 Dreamliners. “Long term, the 777X’s value remains intact,” Deal said.Boeing has also trimmed its production targets for the Dreamliner after expected orders from China failed to materialize. Etihad Airways said at the Dubai Air Show that it will take 20 fewer Dreamliners over the next four years than originally planned as it grapples with eye-popping losses. Airbus SE models weren’t spared from weakening demand, either. Emirates finalized a $16 billion order for 50 Airbus A350 widebody jets — more than it had committed to in February — but appears to have backed away from an earlier commitment to buy 40 A330neos as well, meaning the total value of the deal before customary discounts is less than originally outlined.The news was better in the narrow-body market. Air Arabia inked a firm order for 120 of Airbus’s A320-model jets. Even Boeing’s troubled 737 Max got some love, with Turkish holiday carrier SunExpress exercising an option to add 10 more of the jets to its fleet. Indian low-cost carrier SpiceJet Ltd. may also seize on the dearth of Max orders as an opportunity to pick up some of the jets at a discount as it contemplates a new hub in the Middle East. In an interview with Bloomberg TV, SpiceJet chairman Ajay Singh wouldn’t rule out signing a deal at the air show, although the size and ultimate timing remain up in the air. Even so, the early returns on the Air Show would seem to be at odds with Airbus CEO Guillaume Faury’s comments last week that aviation demand continues to move “up and up.” Global passenger traffic is indeed still growing, but at a much lower rate than over the past few years. And that matters, because aviation stocks aren’t cheap right now. The SPDR S&P Aerospace and Defense ETF is up 42% so far this year, well outpacing the broader S&P 500 benchmark. The high valuations for aerospace stocks can hold to the extent margins are still on an uptrend and the rebound investors are positioning for in the manufacturing industry plays out, Denise Chisholm, Fidelity’s head of sector strategy, said in a Bloomberg TV interview. At least some airlines, though, are choosing to plan more conservatively.To contact the author of this story: Brooke Sutherland at firstname.lastname@example.orgTo contact the editor responsible for this story: Beth Williams at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
The Zacks Analyst Blog Highlights: General Electric, Siemens Aktiengesellschaft, Intuitive Surgical, Honeywell International and SAP
The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways From ...
(Bloomberg) -- It can be hard for a company to find that special wind or solar farm that ticks all the right boxes.As businesses and governments set targets to reduce their greenhouse gas emissions, contracts to buy power directly from renewable energy producers are becoming more popular than ever. Last year a record $1.4 billion of contracts were signed in Europe, according to an estimate from renewable energy company Pexapark AG.New matchmaking programs likened to the iconic app built by Tinder LLC aim to eliminate the costs of looking for the right supplier. It opens new possibilities for smaller companies that don’t have the resources to employ whole procurement teams.This has been a banner year for clean these power purchase agreements. Companies already have signed contracts to buy a record 15.5 gigawatts of clean energy, 14% more than in all of last year, according to research from BloombergNEF. But the vast majority of those deals have been in the U.S., where the biggest technology companies have built data centers hungry for more electricity.“If you’re a small company, it’s difficult to know where to start,” said Helen Dewhurst, an analyst at BloombergNEF. “What the platforms do is allow smaller companies to look for projects that match their demand in a cheaper way, but also saves time.”On the Instatrust platform from Norwegian risk assessment and quality assurance company DNV GL Group, renewable energy developers and companies create profiles with projects or energy needs. An interactive map displays the various projects, with more information available at the click of a mouse. The potential buyer can see features such as the size of the project, credit rating and when the development is set to be complete.An upcoming feature will automate the process. Rather than have to look for the right purchaser or provider, an algorithm will make the connection between buyers and sellers.“If you get a match, you’ll get a notification,” Caroline Brun Ellefsen, global head of Instatrust, said in an interview. “It is a bit like Tinder.”Starting next year, DNV GL will have more competition from General Electric Co.’s renewables unit and Swiss utility Axpo Holding AG. A new platform known as The Green Accelerator will launch in Spain and Sweden early next year before being rolled out in other European markets, said Uli Suedhoff, director of business development for GE Renewable Energy in Europe, the Middle East and Africa.The Green Accelerator doesn’t display all the available projects like Instatrust does. Instead it takes in all the suppliers’ offers and buyers’ demands and pairs them up in a monthly auction. Once the parties are connected, the program offers a standardized contract, which helps reduce the time and cost of the transaction, Suedhoff said. Participation is free, but if the parties sign a contract, then the platform takes a fee.“We can accelerate the PPA market in Europe,” Suedhoff said. “Creating more transparency and a more efficient form for buyers and sellers to match their needs and provide as much standardization is the way to go.”So what does the future hold for these platforms?Ultimately they could capture as much as 20% of the market in Europe, Suedhoff said.To contact the reporter on this story: William Mathis in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Reed Landberg at email@example.com, Lars Paulsson, Andrew ReiersonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Qatar Airways announced it has ordered Leap-1A engines from a General Electric joint venture to power 50 new Airbus jets.
General Electric's (GE) advanced 2 MW turbines will help ENGIE North America in providing clean and renewable energy in Oklahoma and South Dakota.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Foreign companies continue to invest more in China even after President Donald Trump called on U.S. firms to look elsewhere, as the rising spending power of 1.4 billion people proves too hard to resist.Companies from Tesla Inc. to Walmart Inc. are expanding operations in the world’s second-biggest economy, joined by counterparts from Korea, Japan and Europe. That’s helping offset the departure of goods manufacturers that have had to rethink supply chains after U.S. tariffs made their products more expensive.Foreign direct investment into China rose nearly 3% in the first nine months of 2019 from a year earlier, according to the Ministry of Commerce, the same pace as 2018’s increase. While the U.S. outstripped that increase last year, investment has dropped off since Trump became president.“Multinational firms are now more likely to invest in China since serving the market from abroad will be risky given the mutual trade barriers that have been erected and the fact that any truce in the trade war is likely to be only temporary,” said David Dollar, a senior fellow at the Brookings Institution in Washington.Almost 75% of China’s inbound investment is now into services, utilities and other sectors aimed at the domestic market, said Dollar, a former U.S. Treasury attache in Beijing. If anything, the trade war is encouraging companies to ensure they have a China base, he said.That’s the opposite of what President Trump has pushed for: in August the president tweeted that U.S. companies should “immediately start looking for an alternative to China.”“If you go to major U.S. companies and say, ‘well the politics in D.C. says we have to decouple so you are going to leave the China market,’ they would say ‘no we can’t because the prize is too big’,” Arthur Kroeber, head of research at Gavekal said in a presentation in Hong Kong this month.One complication in analyzing the trend is the difficulty in determining how much of the spending represents real investment, and how much is Chinese companies moving money offshore and then bringing it back to the mainland. Some three quarters of China’s FDI in 2018 came from Hong Kong, the British Virgin Islands or the Cayman Islands, which a recent International Monetary Fund report called sources of “phantom FDI.”EV BoomYet there’s also plenty of news demonstrating the big bet on China’s consumer. Tesla is eyeing mass production out of its first factory outside the U.S. in a plant near Shanghai for which the automaker has received as much as $521 million in loans from Chinese banks. Such spending generates a hive of activity right along the supply chain.LG Chem Ltd., the world’s second-biggest manufacturer of lithium-ion battery cells and said to be one of Tesla’s initial suppliers for its made-in-China Model 3 cars, said in October it plans to invest about $430 million in its Chinese business. In June, it teamed up with Geely Automobile Holdings Ltd. on a joint venture to produce electronic vehicle batteries.“China is a focal point for our battery investment,” spokesman Yoo Won Jae said in an interview this month.Economic BoostSuch inflows could help put a floor under an overall slowdown in investment, helping China hit its jobs targets even as the economy grows at its slowest rate in decades.Among other recent announcements:General Electric Co.’s GE Renewable Energy announced in July investments for undisclosed amounts in a new offshore wind factory and operation and development centerBASF SE in January signed a framework agreement with the government of Guangdong Province for a $10 billion manufacturing complex. In a first for a foreign chemical maker, BASF received permission to own 100% of the project rather than work with a local partnersWalmart in July said it will spend 8 billion yuan ($1.1 billion) on distribution centers in ChinaTrade war or not, the lure of 1.4 billion people can’t be ignored, AstraZeneca Plc Chief Executive Officer Pascal Soriot said in an interview at the second annual China International Import Expo in Shanghai. “We have to invest more in China.”Chinese investors have received a frosty reception in the U.S. By contrast, American companies are still being welcomed in China, according to Ker Gibbs, president of the American Chamber of Commerce in Shanghai.“At the provincial and municipal level, we sense an even heightened degree of enthusiasm for foreign investments,” he said. “They are very much courting us.”\--With assistance from Heesu Lee, Dong Lyu and James Mayger.To contact the reporters on this story: Bruce Einhorn in Hong Kong at firstname.lastname@example.org;Enda Curran in Hong Kong at email@example.comTo contact the editors responsible for this story: Malcolm Scott at firstname.lastname@example.org, ;Emma O'Brien at email@example.com, Bruce Einhorn, James MaygerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Qatar Airways has placed a $4 billion jet engine order with CFM International to power its 50 Airbus A321neos. CFM, owned by General Electric and France's Safran , will supply LEAP-1A engines for the A321neos ordered by the state-owned carrier. “We chose the LEAP engine based on its proven efficiency in commercial operations,” Qatar Airways Chief Executive Akbar al-Baker said in a statement on Wednesday.
Shares of General Electric Co. fell 1.5%, to extend their pullback from Friday's one-year closing high, after J.P. Morgan's bearish analyst Stephen Tusa indicated he didn't buy the recent raised outlook by management and resulting stock surge. Tusa reiterated his underweight rating and stock price target of $5, which was 47% below current levels. Since the company reported third-quarter results before the Oct. 30 opening bell, the stock had soared 27% through Nov. 8, when the stock closed at a one-year high. It has pulled back 2.3% since then. "Key to the recent bounce in GE stock is the notion that management has set a bottom on fundamentals, with the company "raising" guidance a sign of change in the revision trajectory," Tusa wrote in a note to clients. "We disagree," he said, as "lost in the noise" was the fact that GE missed guidance on core business earnings before interest and taxes (EBIT). He said the way the company avoided a "miss" despite weakness in its core business by using GE Capital to influence profits and shifting losses to corporate suggests the "historic culture" remains unchanged. "We don't deny companies the right to use all the degrees of freedom afforded by a diversified portfolio," Tusa wrote. "However, the apparent continuation of these dynamics supports are view that there are substantially fewer options for a clean break from the past, and that looks to us like it's ultimately unsustainable." The stock has run up 55% year to date, while the Dow Jones Industrial Average has gained 19%.
General Electric shares were 1.3% lower in premarket trading. J.P. Morgan analyst Stephen Tusa, a prominent bear on the stock, published a negative research note Wednesday.