GE - General Electric Company

NYSE - NYSE Delayed Price. Currency in USD
9.45
-0.11 (-1.15%)
At close: 4:00PM EDT
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Trade prices are not sourced from all markets
Previous Close9.56
Open9.62
Bid9.45 x 1000
Ask9.46 x 800
Day's Range9.44 - 9.68
52 Week Range6.40 - 14.11
Volume43,039,740
Avg. Volume79,074,619
Market Cap82.412B
Beta (3Y Monthly)0.92
PE Ratio (TTM)N/A
EPS (TTM)-2.08
Earnings DateJul 18, 2019 - Jul 22, 2019
Forward Dividend & Yield0.04 (0.40%)
Ex-Dividend Date2019-03-08
1y Target Est12.76
  • Former GE Vice Chair Beth Comstock stresses 'patience' with GE stock, CEO Larry Culp
    Yahoo Finance Video3 days ago

    Former GE Vice Chair Beth Comstock stresses 'patience' with GE stock, CEO Larry Culp

    GE shares have dropped by about 3% since a top analyst who follows the company for JPMorgan said the company was sugar coating guidance for its power business in a note last week. Yahoo Finance's Zack Guzman & Heidi Chung discuss with former General Electric Vice Chair Beth Comstock.

  • Take an inside look at the life of Steph Curry in 'Stephen vs The Game'
    Yahoo Finance Video3 days ago

    Take an inside look at the life of Steph Curry in 'Stephen vs The Game'

    The creator of 'Stephen vs The Game' Gotham Chopra and Religion of Sports CEO Ameeth Sankaran discuss the Golden State Warriors going to their 5th straight NBA Finals, as well as their new docuseries documenting Steph Curry. They join Yahoo Finance's Zack Guzman and Heidi Chung to discuss.

  • Reuters8 hours ago

    Defying Congress, Trump sets $8 billion-plus in weapons sales to Saudi Arabia, UAE

    U.S. President Donald Trump, declaring a national emergency because of tensions with Iran, swept aside objections from Congress on Friday to complete the sale of over $8 billion worth of weapons to Saudi Arabia, the United Arab Emirates and Jordan. The Trump administration informed congressional committees that it will go ahead with 22 military sales to the Saudis, United Arab Emirates and Jordan, infuriating lawmakers by circumventing a long-standing precedent for congressional review of major weapons sales.

  • Barrons.com8 hours ago

    Nelson Peltz’s Trian Sells $64 Million of General Electric Stock

    The hedge fund sold about 9.4% of its GE shares this week. Trian “expects to remain highly engaged” after the stock sale.

  • Recession Watch Starts at the 18th Hole for These CEOs
    Bloomberg11 hours ago

    Recession Watch Starts at the 18th Hole for These CEOs

    Leaders of some of the top industrial companies gathered this week in Coral Gables, Florida, for an annual spring confab that’s known almost as much for its golf rounds as for its revelations about M&A and strategic overhauls. One thing this year’s Electrical Products Group Conference was notably light on was fresh macroeconomic insights – but not for a lack of questioning from analysts and investors. Wary perhaps of reigniting the panic sparked last year when Caterpillar Inc. warned of a “high watermark” in its profits, some CEOs just dodged the subject.

  • Intel Stock Could Still Have a Long Way to Fall
    InvestorPlace16 hours ago

    Intel Stock Could Still Have a Long Way to Fall

    General Electric (NYSE:GE). JC Penney (NYSE:JCP). US Steel (NYSE:X). In investing, and business, a good name and a long history are worth precisely nothing. This is especially true in technology, where once-great names like Silicon Graphics, Wang and Novell never got a chance to grow old.Source: Shutterstock But Intel (NASDAQ:INTC)? Intel, the home of Moore's Law, whose semiconductor chips practically invented the world we live in? Intel?Yes, Intel.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn the last month, Intel has lost over 23% of its value. That's over $45 billion whacked off its market cap. At about $43.60, it's selling for just 10 times last year's earnings, just three times last year's sales. Is it possible that Intel could join these other names on the scrap heap of business history? Self-Induced Troubles for Intel StockIt is possible.Intel has been drifting for years. I worked on a project during the last decade about their problems with mobile chip technology. They're still not fixed. CEO Bob Swan is just the seventh leader in Intel's history, the first without a technology background. Today only two members of the company's nine-member board are technologists. * 5 Safe Stocks to Buy This Summer As Adam Savage once said, "Well, there's your problem." Intel has lost its technology edge.Intel stock is four years late with its 10 nm manufacturing process. Rival Taiwan Semiconductor (NYSE:TSM) is already rolling out 7 nm chips.Advanced Micro Devices (NASDAQ:AMD), once Intel's baby brother, has lapped it in this decade. Since the start of 2016, AMD's stock is up over 800%. Intel is up 29% in that period. The average Nasdaq gain has been 53%.Intel stock has been beaten in modem chips by Qualcomm (NASDAQ:QCOM), beaten in memory chips by Micron Technologies (NASDAQ:MU) and beaten in graphics by Nvidia (NASDAQ:NVDA).AMD is now beating it in microprocessors.Intel's chips have been hit repeatedly with security flaws, and the fixes cost processing speed. AMD seems immune to the latest vulnerabilities.Intel's low prices and high volumes mean it has reclaimed its lead among semiconductor makers from Samsung Electronics (OTCMKTS:SSNLF). But that's a function of the memory chip business, which will turn around with the rest of the market.Intel is down to $3 billion in cash, down from $15 billion at the end of 2015. Long-term debt is over $25 billion, above the level listed on the balance sheet for common stock equity. Swan's WayBob Swan didn't start this fire.Former CEO Brian Krzanich tossed out rivals like a Game of Thrones character but was undone by his own sex life. Krzanich left the executive cupboard bare. Intel was unable to recruit any of the names he dumped (mostly female names) for its top slot, settling on Swan the way Manchester United did on Ole Gunnar-Solskjaer.Swan seemed to be doing OK as interim boss for Intel stock, but since January the problems have piled up for the former eBay (NASDAQ:EBAY) executive, who started his career at General Electric. Swan has struck an attitude of humility but he's still losing top tech people, especially top women, like cloud boss Raejeanne Skillern, now at Flex (NASDAQ:FLEX). The Bottom LineI must join those analysts who now wonder if Bob Swan has the technical chops to turn Intel around. Swan's chief technology officer, Mike Mayberry, is an Intel lifer from the production side of the house. He's not a visionary.Intel needs a visionary. Technology companies are natural kingdoms. They can't be led by committees. They require strong leadership of the kind Intel rivals have. But Andy Grove isn't walking through that door. Gordon Moore is still around, but he's 90.Intel stock is continuing to drift toward the rocks. Investors have finally gotten the scent. While I hope I'm wrong, the company's worst days may be ahead of it.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post Intel Stock Could Still Have a Long Way to Fall appeared first on InvestorPlace.

  • Why GE and Siemens Have Opposite Strategies for This Big Problem
    Motley Fool18 hours ago

    Why GE and Siemens Have Opposite Strategies for This Big Problem

    The industrial rivals are reacting to an underperforming market in two wildly different ways.

  • How Wall Street is reacting to Nelson Peltz rejoining Legg Mason's board
    American City Business Journals19 hours ago

    How Wall Street is reacting to Nelson Peltz rejoining Legg Mason's board

    Activist investor Nelson Peltz is well known for taking stakes in companies and pushing executives to make changes to increase the value of shares.

  • There Is No Point Speculating in Plug Power Stock
    InvestorPlace19 hours ago

    There Is No Point Speculating in Plug Power Stock

    Plug Power (NASDAQ:PLUG) has moved higher in recent months despite an earnings miss and continued losses. The Latham, New York-based maker of hydrogen fuel cells has struggled for years as its technology fights to gain mainstream acceptance. Although recent progress could justify a speculative position in Plug Power stock, the company may find itself eclipsed by a principal peer.Typically, an equity such as PLUG would not gain investor attention. However, its prospects improved in April 2017 when Amazon (NASDAQ:AMZN) agreed to buy $600 million worth of Plug Power's hydrogen fuel cells to power its forklifts.InvestorPlace - Stock Market News, Stock Advice & Trading TipsUnfortunately, since the announcement of that deal more than two years ago, Plug Power has seen little net growth. This is despite attracting business from Walmart (NYSE:WMT), GE (NYSE:GE), and other prominent customers. Moreover, the earnings miss for the first quarter intensified the selloff. * 6 Stocks to Buy for This Decade's Massive Megatrend Plug Power Stock and TechnologyPLUG stock has increased in value for most of the year as analysts forecasted a possible profit next year for its peer, Bloom Energy (NYSE:BE). Also, even though PLUG fell after earnings, it recovered the post-earnings loss quickly. Now, investors wonder if that move higher can continue.Still, Plug Power remains mired in losses. Also, most of its direct peers find themselves in the same market position. Both FuelCell Energy (NASDAQ:FCEL) and Ballard Power Systems (NASDAQ:BLDP) also remain money-losing penny stocks.Traders would likely forgive the losses if the market would more widely embrace fuel cells. However, consumers have instead bought the electric cars made by Tesla (NASDAQ:TSLA) and others.Tesla enjoys a marketing, production, and name recognition advantage. It also benefits from a considerable lead in both refueling stations and cars on the road.However, refueling has become the area where Plug Power and other fuel cell companies could compete with Tesla. Refueling with fuel cells occurs in fewer than 10 minutes. Tesla cars require more than an hour under the best of conditions. That would presumably play into the hands of Plug Power stock.Moreover, Tesla does not offer much of an advantage regarding production costs. In Japan, the Mirai made by Toyota (NYSE:TM) costs $50,000 after the Japanese government's $20,000 subsidy. This comes in lower than a Tesla Model S. Still, Toyota currently builds only about 10 Mirai cars per day, calling into question how serious Toyota is about fuel cell technology. Choose BE over PLUG StockStill, this might give Plug Power stock the fuel it needs to finally make gains. It may also justify a speculative bet for those who can wait for months or even years. However, there, Plug Power faces competition from Bloom Energy.BE stock shows a lower price-to-sales (PS), around 1.7 versus about 3.7 for PLUG. Also, Bloom Energy's has a better, albeit still negative profit margin. Margins for Bloom come in at -39.9% compared with -55.3% for PLUG power.Moreover, despite a much shorter history, Bloom Energy has attained a market cap nearly twice as large as Plug Power. Finally, at just under $12 per share, BE trades well above penny stock status. For these reasons, Bloom Energy might better serve speculative investors. Final Thoughts on PLUG stockAlthough one might make a speculative case for owning Plug Power, it appears one key peer might eclipse the company. Plug Power has struggled for decades as hydrogen fuel cells have failed to gain broad market acceptance. Though deals with Amazon, Walmart, and GE brought some hope, PLUG remains a penny stock.The fact that fuel cell-powered cars offer a crucial advantage over Tesla might justify speculation in fuel cell stocks. However, when comparing the financial state of the more prominent fuel cell companies, investors should probably choose Bloom Energy over Plug Power.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post There Is No Point Speculating in Plug Power Stock appeared first on InvestorPlace.

  • Barrons.comyesterday

    Joe Duran: A Maverick Joins Goldman Sachs

    United Capital’s founder says the $750 million acquisition by a Wall Street institution isn’t a sellout but rather the next step in transforming the wealth management landscape.

  • GE CEO Adds This New Twist To His Ambitious Turnaround Campaign
    Investor's Business Dailyyesterday

    GE CEO Adds This New Twist To His Ambitious Turnaround Campaign

    As GE pursues a turnaround, CEO Larry Culp will prioritize stabilizing power and reducing debt - then turn to the troubled financial services unit. GE stock eased.

  • Barrons.com2 days ago

    GE Stock Is in a Holding Pattern

    After CEO Larry Culp spoke at an investor conference, bulls still like him and bears still fret about GE Power.

  • General Electric Stock Is Full of Peril
    InvestorPlace2 days ago

    General Electric Stock Is Full of Peril

    General Electric (NYSE:GE) stock, once among the most boring names in the Dow Jones Industrial Average, is now facing constant danger.Source: Shutterstock It met earnings guidance for the first quarter but its asset sale to Danaher (NYSE:DHR) may be in trouble. Fears over its pension liability may be overblown but it has a grim future.CEO Larry Culp is "the man for the job" but GE Power may take three years to recover.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGeneral Electric is a great name, and Culp did a fine job at his previous post running Danaher. But this turnaround may be a bridge too far, and do you really want your money tied up in it? Forget the Name General ElectricThere is romance attached to the name General Electric, and over 130 years of history. In analyzing the company, you need to forget the history, or you'll get lost.Let's call this company Culp Industries. * 6 Stocks to Buy for This Decade's Massive Megatrend Culp Industries is a conglomerate with a market cap of $84 billion. It has $107.5 billion in "borrowings," $36.8 billion of insurance liabilities and annuity benefits (from a failed effort in long-term-care insurance), and $32.9 billion in "non-current compensation and benefits" (mainly pensions). This leaves $35.2 billion for "shareholder equity" on the books, up from $31 billion a year ago.Culp Industries consists of several businesses, some of which are doing well and some of which are doing poorly. The Aviation, Healthcare and lending businesses are doing well. The oil and gas business made a little money. The problems are in the power and renewable energy units, which make turbines and related equipment.Culp can't sell the problem children because their value is negative. Closing them would take out $7 billion in revenue and do nothing to reduce those liabilities. The Danaher deal trims the size of the healthcare unit but brings in about $21 billion. Apply that $20 billion to the balance sheet and it takes just one-fifth of the debt. Questions for GE StockIt's the power unit that's taking the whole company down. Respected JPMorgan Chase analyst Stephen Tusa says Culp "appears to be stopping short of telling the whole story" about the unit, which is losing market share. Cash flow for the unit is now seen as "significantly negative." There are more negative data points. General Electric continues to lay off workers, quietly moving jobs to India. The healthcare unit's activities in Brazil could draw fines under the Foreign Corrupt Practices Act.Culp is doing everything he can, short of changing his company's name to Culp Industries, to make investors forget about the old General Electric. He's turning over the board and has dumped plans to build a glorious new headquarters in Boston. Instead, the company will rent space.I can't imagine anyone doing a better job with the hand he has been dealt than Larry Culp. He has moved decisively to reduce cash flow drain, focused on operations that are making money, and created a new attitude for GE stock.If the oil and gas unit, Baker Hughes (NYSE:BHGE), has a winner in its "electric fracking" equipment, more good news could be on the way. BHGE stock is doing better than rivals Schlumberger (NYSE:SLB) and Halliburton (NYSE:HAL), but its value is still down by more than one-third in the last year. The Bottom LineI wouldn't buy Culp Industries here. There are green shoots, the CEO is doing what he can, but an economic downturn could sink the company's big plans at any time -- even at $10 per share.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear , available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in JPM. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post General Electric Stock Is Full of Peril appeared first on InvestorPlace.

  • MarketWatch2 days ago

    GE's stock falls to erase all gains made after upbeat Q1 earnings produced a technical breakout

    Shares of General Electric Co. sank 2.9% in morning trade Thursday, putting them on track to erase all the gains made after the industrial conglomerate reported upbeat first-quarter results on April 30. GE's post-earnings high close was $10.50 on May 3. In the process, GE's stock has fallen back below both the 50-day moving average (short-term trend tracker) and the 200-day moving average (dividing line between longer-term uptrends and downtrends) for the first time since April 29. At an electrical products conference Wednesday, Chief Executive Larry Culp reiterated that fixing the struggles at its power business would not be easy, and remained a "multi-year" process. Meanwhile, the 50-DMA has turned lower, to $9.847 from $9.852 on Wednesday, indicates that the bullish "golden cross" pattern that was on track to appear as early as this week is now in doubt, as the 200-DMA slipped to $9.864 from $9.879 on Wednesday. Many chart watchers see a golden cross, when the 50-DMA crosses above the 200-DMA, as marking the spot that a shorter-term bounce graduates into a longer-term uptrend. The last time the 50-DMA was above the 200-DMA was March 6, 2017. GE's stock was still up 32.1% year to date, while the Dow Jones Industrial Average has gained 8.8%.

  • Despite Uncertainty, the Speculative Case for GE Stock Is Still Solid
    InvestorPlace2 days ago

    Despite Uncertainty, the Speculative Case for GE Stock Is Still Solid

    GE (NYSE:GE) stock held steady following a question and answer session at the Electrical Products Group Conference. Though troubles remain for the Boston-based industrial conglomerate, investors and analysts have begun to believe in the turnaround plan put forth by CEO Larry Culp. GE stock still trades in a range.Source: Shutterstock Also, it did not move significantly even though Culp reaffirmed negative cash flow forecasts for 2019. Nonetheless, if his plan continues to reduce debts, spin off non-core operations, and turn profits, General Electric stock will break much higher in the coming quarters and years.Culp confirmed that the company expected negative free cash flow of $2 billion in this fiscal year. However, he also expects this outflow to end in 2020 and sees a cash flow "acceleration" in 2021. GE's latest earnings report and now this newest affirmation seemed to quiet many of the doubters who had all but left the company for dead.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks to Buy for This Decade's Massive Megatrend In previous articles about GE stock, I repeatedly complained about what I called a "constant drip" of new issues. The seemingly endless litany of bad news led GE's board to fire John Flannery in favor of Culp, the former CEO of Danaher (NYSE:DHR), last October. GE Really Might RecoverNow, just seven months into Culp's tenure, the litany of new troubles appears to have come to a stop. Instead, we see signs of an emerging recovery. GE beat both revenue and earnings estimates in the previous quarter.Also, investors remain concerned about GE Power, but they also saw early signs of improvement. Though sales volumes continue to fall, they have declined by lower rates. The division has also seen a turnaround in the value of its orders.Moreover, the long-term debt I mentioned more than three months ago has come down by more than $5 billion in just one quarter. It now stands at $91.57 billion, slightly higher than its market cap of just over $87.5 billion. Short-term debt rose by almost $2.9 billion in the same period. However, both long and short-term debt levels have fallen on a year-over-year basis. GE Has Far to GoTo be sure, GE is not out of the woods yet. On top of the negative free cash flow, the length of the current economic growth cycle far exceeds long-term averages. Though few predict a looming recession, the long economic expansion increases the risk of such an event. Such a downturn would at least delay a GE turnaround.Furthermore, GE Aviation, currently GE's best-performing division, faces uncertainty with its status as the sole supplier of engines for Boeing's (NYSE:BA) troubled 737 MAX.So far, the Aviation division has incurred no impairment charges related to the 737 MAX. Moreover, both orders and backlogs rose for this division on a year-over-year basis. Still, investors should watch for any Boeing-related troubles in future quarters. GE Stock Is RangeboundStill, for all of the remaining challenges, this report has further helped to quiet those who predicted the demise of GE. Moreover, General Electric stock remains in the $10 per share range, about the same levels of three months ago.Today, confidence in the company has increased, yet GE stock has traded in a range since late January. The range adds uncertainty but also gives investors more time to buy.The critical point is the equity's 2019 high of $11.30 per share. If GE can sustain itself past that point, I think the more optimistic $14 to $16 per share price target will become achievable. Concluding Thoughts on GE StockDespite concerns of range-bound trading and deeply negative cash flows in 2019, Mr. Culp's recovery plan has begun to make a recovery in GE stock appear plausible. Yes, GE continues to struggle with cash flows. However, if company forecasts hold, that should turn around by next year.Moreover, the company's divisions continue to show improved performance as revenues increase and debt levels decline. Culp also continues to sell non-core businesses. As this smaller, more-nimble GE begins to emerge, bears continue to pare back their doomsday scenarios, and a long-absent sense of confidence has started to return.GE still has a long way to go. Like any recovery, this one will also face challenges, as well as risks. However, as I stated back in February, a speculative buy case for GE has emerged.The first quarter numbers and even the continued negative cash flows reaffirm this thesis. For those who have the stomach for the risk, I think GE stock can rise much higher once it sustains itself above $11.30 per share.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post Despite Uncertainty, the Speculative Case for GE Stock Is Still Solid appeared first on InvestorPlace.

  • Can Nike Stock Hit $185 In the Next Five Years?
    InvestorPlace2 days ago

    Can Nike Stock Hit $185 In the Next Five Years?

    As stocks go, Nike (NYSE:NKE) continues to be one of the most consistent performers in the S&P 500. Since May 23, 2014, Nike stock has more than doubled from $37.92 to $83.64 as of the May 23 close. Additionally, the five-year total return for NKE stock is 18.6%, 764 basis points better than the index.Source: rodrigofranca via FlickrThe athletic-apparel maker is a paragon of consistency, both financially and in the markets. Therefore, I don't think it's a stretch to wonder if the Nike stock price can double over the next five years like it did the five just passed.StockTwits founder Howard Lindzon has held Nike stock in his "8 to 80" portfolio for several years. These are stocks that people want to own because they also use their products and services regularly. I call that "Everyday Investing." It's a concept that I modeled after Peter Lynch's theory that you should invest in what you know.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAdmittedly, this concept isn't 100% foolproof, as the case of General Electric (NYSE:GE) demonstrated. But Nike is a much different company with fewer moving parts than the down-on-its-luck industrial conglomerate. * 7 Safe Stocks to Buy for Anxious Investors In my opinion, NKE stock has a great shot at doubling to $185 by May 23, 2024. But to do so, Nike must capture the women's market if it wants to get there. Here's why: Lululemon vs. NikeIf anyone can take down Lululemon (NASDAQ:LULU), the leader in women's athletic apparel, it would have to be Nike.InvestorPlace contributor Luke Lango recently highlighted the women's market as an important goal for the company on its way to $100 and beyond."At the current moment, Nike's revenues are dominated by the men's segment. The women's business accounts for less than a quarter of its total revenues," Lango wrote May 8. "But the global women's athletic apparel and footwear market is 50% larger than the men's athletic apparel and footwear market."Luke recommended an April CNBC article by Lauren Thomas. I'd second that recommendation. It's well written and provides the reader with a good understanding of Nike's overall business.Nike had $36.4 billion in revenue in 2018. Of that, $24.0 billion was wholesale to external customers, $10.4 billion was from Nike's brick-and-mortar and online stores, while the remainder was primarily from Converse.Of the $30.3 billion in wholesale (it includes $6.3 billion to Nike Direct), $6.9 billion was women's, 22.8% of the company's overall 2018 revenue.In April, Lululemon stated that it wants to double its men's revenue by 2023. In 2018, the men's business accounted for 20% of LULU's overall revenue of $3.3 billion. That means that Lululemon's women's business generated $2.6 billion in 2018 with men delivering $660 million.Here's what is most surprising about Lululemon: it skyrocketed from zero penetration in the men's market to 20% in just six years. Considering it's about one-fifth the size of Nike, it's a very impressive stat.If I owned Nike stock, I'd be concerned that Lululemon will soon generate more revenue from the men's market as a percentage of its overall sales than NKE does from the women's market. How Does Nike Stock Get to $185?Nike has never been very good at acquisitions.It couldn't do much with Bauer in hockey. It hasn't done much with Converse in streetwear, and it failed to do much with Cole Haan in the shoe market.However, there's a first time for everything. If management wants NKE stock to hit $185 by May 2024, they have a quick solution: acquire Lululemon.Once upon a time when Under Armour (NYSE:UA, NYSE:UAA) was in a much stronger position, I suggested that LULU and Under Armour merge to fight Nike.Today, LULU could buy Under Armour, but why would it? It's got growing women's and men's markets, strong digital sales, and increasing business in consumer-friendly Asia.Nike likely wouldn't pull the trigger, given its poor history. But it should set past disappointments aside because Lululemon continues to demonstrate why it's a leader in athletic wear.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post Can Nike Stock Hit $185 In the Next Five Years? appeared first on InvestorPlace.

  • CNBC2 days ago

    The top-performing hedge funds are buying GE, Facebook, Biogen and these other stocks

    Under-the-radar hedge-fund managers beating the market are betting on big comeback stories General Electric and PG&E, as well as Biogen.

  • Investing.com2 days ago

    General Electric Falls 3%

    Investing.com - General Electric (NYSE:GE) fell by 3.05% to trade at $9.60 by 09:46 (13:46 GMT) on Thursday on the NYSE exchange.

  • Barrons.com2 days ago

    General Electric’s CEO Gives a Modest Update on Struggles at GE Power

    General Electric CEO Larry Culp gave Wall Street analysts a little more detail about GE’s troubled power business, at a conference in Florida on Wednesday.

  • Chris Davis Trims General Electric, Microsoft Positions
    GuruFocus.com2 days ago

    Chris Davis Trims General Electric, Microsoft Positions

    Chris Davis ( Trades , Portfolio ) , portfolio manager of investment management firm Davis Selected Advisers, sold shares of the following stocks during the first quarter. Warning! GuruFocus has detected 4 Warning Signs with GE. The conglomerate, which operates in oil and gas, power and renewable energy, has a market cap of $86.86 billion and an enterprise value of $142.20 billion.

  • GE needs to end infighting, fix quality, tighten management - CEO
    Reuters2 days ago

    GE needs to end infighting, fix quality, tighten management - CEO

    The 127-year-old conglomerate, which was a storied CEO training ground under prior chiefs Jack Welch and Jeff Immelt, also needs to simplify its bewildering financial reports and become more frank with investors, Culp said. The unvarnished admissions at the annual Electrical Products Group conference in Florida underscored a cultural shift Culp is attempting since becoming GE's first outsider CEO in October. GE shares were down 0.5% at $9.91 in afternoon trading.

  • GE needs to end infighting, fix quality, tighten management: CEO
    Reuters2 days ago

    GE needs to end infighting, fix quality, tighten management: CEO

    The 127-year-old conglomerate, which was a storied CEO training ground under prior chiefs Jack Welch and Jeff Immelt, also needs to simplify its bewildering financial reports and become more frank with investors, Culp said. The unvarnished admissions at the annual Electrical Products Group conference in Florida underscored a cultural shift Culp is attempting since becoming GE's first outsider CEO in October. GE shares were down 0.5% at $9.91 in afternoon trading.

  • Putting General Electric Management Under the Microscope Is Bad News for GE Stock
    SmarterAnalyst3 days ago

    Putting General Electric Management Under the Microscope Is Bad News for GE Stock

    For many, the comeback of General Electric (GE) isn’t only on its balance sheet, but with management. CEO Larry Culp has made transparency and re-gaining the trust of investors a priority, and the company has taken steps to put this into practice, including the hire of a new investor relations chief and the reorganization of its board. But the company recently had a significant error, after its original reporting of gas turbines orders turned out to be way, way less. Not only does this contribute to financial expectation, but it puts a dark cloud over its reputation. In light of recent development, J.P. Morgan analyst Stephen Tusa maintained his Underweight rating on GE stock with a $5.00 price target, which implies nearly 50% downside from current levels. (To watch Tusa's track record, click here) GE “generated a buzz” last month after announcing it had 4.5 gigawatts (GWs) in gas turbine orders, but this turned out not to be a bust. Tusa believes that the announced 4.5 GWs on 11 [heavy-duty gas turbines, HDGT] orders is “disconnected,” as the “average rating/turbine [would be] at an unreasonably high 400 MWs+...” Instead, the analyst sees about 1 GW “of real tangible externally sold HDGT orders.”This is important for a number of reasons, including showing that GE continues to lose market share. Tusa says, “ongoing market share loss head to head reinforces our view that GE’s technology is not as competitive as in the past, and means that going forward revenues will lag what many expect to be a flat market…” Tusa also believes GE’s communication regarding the numbers was something that should irk Wall Street, as the company disclosed “orders as defined by McCoy in MWs,” rather than units, how it is normally published as. The analyst says, “from a sentiment/investor confidence perspective, we believe this style of communication has an even more negative implication,” as the company continues to try to regain trust. So while this may have been an excusable mistake for some companies, because investors are looking at GE under the microscope, a small cut could have an outsized impact on sentiment going forward. All in all, GE stock is up nearly 36% year-to-date as the company continues to work on restructuring and bringing back focus to its core products. But it is still walking on thin ice, as investors are judging the company just as much for its management as its performance. GE has drawn optimism mixed with caution when it comes to consensus opinion among sell-side analysts. Out of 16 analysts polled by TipRanks in the last 3 months, 7 are bullish on GE, 7 remain sidelined, while 2 are bearish on the stock. With a return potential of 13%, the stock's consensus target price stands at $11.18.  Read more on GE: * J.P. Morgan Still Sees Doom And Gloom in General Electric (GE) Stock; Here’s Why * General Electric (GE) Stock at $14-16 a Share? This Analyst Thinks It’s Possible More recent articles from Smarter Analyst: * Micron's (MU) Tech Roadmap Highlights Flattening Cost Curve, Says Analyst; Reiterates Neutral on the Stock * Wall Street Remains Divided on Buying General Electric (GE) Stock * Time to Cash Out on Cannabis Stock Canopy Growth (CGC) * GW Pharmaceuticals (GWPH) Stock Could Run Much Higher Over Time

  • Barrons.com3 days ago

    GE Talks With Analysts Today. Past Meetings Have Brought Fireworks.

    General Electric CEO Larry Culp meets with analysts at the Electrical Products Group Conference in Florida on Wednesday.

  • GuruFocus.com3 days ago

    Stanley Druckenmiller Boosts Tech Stocks in 1st-Quarter Buying Spree

    Legendary investor's top 5 buys