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Deutsche Bank Aktiengesellschaft Increases General Electric (GE) Price Target to $92.00
By: MarketBeat | October 13, 2022
• General Electric (NYSE:GE - Get Rating) had its target price lifted by investment analysts at Deutsche Bank Aktiengesellschaft from $88.00 to $92.00 in a research report issued on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 42.11% from the company's previous close...
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General Electric Healthcare Spin-Off a Positive Catalyst for GE Shares - BofA
By: Investing.com | October 13, 2022
General Electric Healthcare (NYSE:GE) filed its Form 10 after market close on October 11, with the planned spin-off expected in the first week of January 2023.
Following the news, BofA analysts said the firm believes there are positives from the healthcare spin-off.
"We view the Healthcare and Vernova (Power & Renewable; planned for early 2024) spins as positive catalysts for GE shares. However, in the near term, we expect earnings to be challenging," wrote the analysts, adding that BofA maintains its Buy rating and $105 price target on the stock.
They added that they believe the filing counters investor concerns that Healthcare has underinvested in R&D.
"R&D spending has been steady at $0.8bn/year (7-8% of revenue). In fact, 21% of 2021 orders were for products introduced in last year. Software platforms have scale, generating $1.2bn of revenue (7% of total) in 2021. The Ultrasound and Pharmaceutical Diagnostics (PDx) segments are highly profitable franchises, while Imaging faces a tougher set of competitors, in our view," they added.
The analysts also went on to state that margin recovery seems probable in 2023.
"To be clear, we expect continued supply-chain pressures in 3Q22. With price/cost turning positive in 2Q and the PDx plant in Shanghai back at full capacity, we are optimistic about the margin recovery over time."
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Citigroup Trims General Electric (GE) Target Price to $80.00
By: MarketBeat | October 10, 2022
• General Electric (NYSE:GE - Get Rating) had its target price cut by Citigroup from $88.00 to $80.00 in a research report issued on Monday, The Fly reports. Citigroup's price target suggests a potential upside of 23.92% from the company's previous close...
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General Electric $GE just filed for its planned spin-off of GE HealthCare
By: Stock Market News | October 11, 2022
• General Electric $GE just filed for its planned spin-off of GE HealthCare.
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Barclays Lowers General Electric (GE) Price Target to $78.00
By: MarketBeat | October 3, 2022
• General Electric (NYSE:GE - Get Rating) had its price target reduced by investment analysts at Barclays from $81.00 to $78.00 in a report issued on Monday, The Fly reports. Barclays's target price suggests a potential upside of 25.99% from the stock's current price...
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Guess those Calls are getting crushed.
AH
“GE CFO: supply chain continues to be tough and continues to impair our ability to deliver to our customers”
Investors Buy Large Volume of General Electric Call Options (GE)
By: MarketBeat | September 13, 2022
• General Electric (NYSE:GE - Get Rating) was the target of some unusual options trading activity on Tuesday. Stock investors acquired 31,789 call options on the stock. This represents an increase of 67% compared to the average volume of 19,085 call options...
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GE’s Approaching Spin-Off Should Bring Added Value To Company’s Investors
By: Investing.com | September 14, 2022
• GE plans to split into three separate public companies over the next two years as part of its bid to unlock value
• The breakup represents a good buying opportunity now that the company has improved its balance sheet and made its structure simple
• The majority of Wall Street analysts are bullish on GE’s outlook
It’s difficult to make a bullish case for General Electric (NYSE:GE) as the 130-year-old industrial conglomerate remains in the middle of a deep restructuring process after spectacularly falling from grace during the past decade.
Chief Executive Officer Larry Culp took over the company in 2018 to save the sinking ship that GE had become after many years of financial mismanagement.
His already-tough mission has become even more challenging this year. On top of all internal problems, GE is struggling with inflation, supply-chain disruptions, and COVID-related restrictions in China...
* * *
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General Electric (GE) just announced the board of directors for its future independent GE HealthCare
By: Stock Market News | September 12, 2022
• General Electric $GE just announced the board of directors for its future independent GE HealthCare
GE also confirmed its targeting the first week of January 2023 to do the spin-off.
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General Electric (GE) Plans Quarterly Dividend of $0.08
By: MarketBeat | September 9, 2022
• General Electric (NYSE:GE - Get Rating) announced a quarterly dividend on Friday, September 9th, RTT News reports. Shareholders of record on Tuesday, September 27th will be paid a dividend of 0.08 per share by the conglomerate on Tuesday, October 25th. This represents a $0.32 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, September 26th...
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When GE breaks up, the sum of the parts are worth more than $100. Just gotta be patient
General Electric (GE) Given Average Recommendation of "Moderate Buy" by Analysts
By: MarketBeat | August 12, 2022
• General Electric (NYSE:GE - Get Rating) has been assigned a consensus recommendation of "Moderate Buy" from the fifteen ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $100.69...
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GE does not see to be getting much attn. but continues to climb +
By: Christian Fromhertz | August 11, 2022
• $GE #GE
does not see to be getting much attn. but continues to climb +
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Amazon Is Partnering With GE To Stop Counterfeiters...
link:
https://www.benzinga.com/news/22/08/28457376/amazon-is-partnering-with-ge-to-stop-counterfeiters
Glta $GE Bulls, Watchers, & StockHOLDERS!
GE Sum-Of-The-Parts Valuation By Al Roots@DowJones Currently=$125/Share...
link to article:
https://www.barrons.com/articles/ge-breakup-healthcare-aviation-vernova-51659741573
Glta $GE Bulls, Watchers, & StockHOLDERS!
General Electric (GE) Stock is Among the Worst to Own in August
By: Schaeffer's Investment Research | August 2, 2022
• General Electric stock has finished August higher just three time in the last 10 years
• Plus, 24 other stocks to avoid this month
On Friday, the major benchmarks closed out July with their best monthly performance since 2020. While questions remain regarding longer-term economic outlook, especially following the Federal Reserve's latest interest rate decision, it's a good idea to keep an eye on outperforming and underperforming stocks in the short term. For your convenience, we have compiled a list of the worst stocks to own during the month of August, and General Electric Company (NYSE:GE) stands out amongst the bunch. Below, we will dive into how the stock has performed recently, and why now could be the perfect opportunity to buy puts.
According to Schaeffer's Senior Quantitative Analyst Rocky White, General Electric stock averaged an August loss of 5.1% over the past 10 years, and has finished the month positive only three times. The security boasts the largest average loss of all stocks on the list, and is the only general industrials name to be featured.
From its current perch of $75.53, a similar move lower would put GE back below the 80-day moving average, a trendline that helped push the equity lower multiple times earlier in the year. In addition, a comparable move lower would put the shares below the -20% year-to-date level.
An unwinding of optimism amongst the brokerage bunch could provide additional headwinds. Specifically, eight of the 14 in coverage rate General Electric stock a "buy" or better, and the 12-month consensus price target of $88.94 is a 17.7% premium to current levels.
Short-term options traders may already be privy to the seasonality implications. This is per GE's Schaeffer's put/call open interest ratio (SOIR) of 1, which ranks higher than 72% of readings in its annual range. Meanwhile, the equity's Schaeffer's Volatility Index (SVI) of 34% sits in the relatively low 29th percentile of the past 12 months -- suggesting options traders are pricing in relatively low volatility expectations at the moment.
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$GE Going up, Up, UP Again Tomorrow, imho…
OverShorted, UnderValued, & OverDue
An Upwards Price Correction!
Glta Bulls, Watchers, & StockHOLDERS
Seems Like Tusa’s Bears Tried TooHard ToSquash $GE…
And The SlingShot Effect Will
Catapult PPS For Weeks To Come…
OverShorted, UnderValued, & OverDue
A Massive Upward Price Correction!
Glta Bulls, Watchers, & StockHOLDERS!
$GE BreakOut Continues! Long OverDue. Glta StockHOLDERS!
$GE About To BreakOut???!!! $2 PriceJump In PreMarket!!!
Tic, Toc,… Got Stock?
Glta Bulls, Watchers, & StockHOLDERS
General Electric: Is One Good Quarter Enough?
By: Vince Martin | July 27, 2022
• Strong second-quarter results from General Electric sent GE stock higher — but maybe not high enough
• Strength in aviation welcomed, while weakness in renewable energy isn’t fatal to overall bull case
• GE stock looks more intriguing than it has in some time
There are two ways to look at second-quarter earnings from General Electric (NYSE:GE). The first is to question why GE stock only rose 4.6% in trading Tuesday.
General Electric Weekly Chart.
Source: Investing.com
After all, General Electric crushed Wall Street estimates in the quarter. Adjusted earnings per share were more than double analysts’ consensus; revenue was 7.3% higher. And the good news extends beyond the headlines.
There’s a more skeptical reaction, however. The quarter was excellent, yes, but GE’s earnings in particular are notoriously unreliable. Full-year guidance was left largely unchanged.
More broadly, this is a company that has disappointed for years. GE stock, adjusted for its reverse split executed last year, is up 5% — total — from where it closed on March 1, 2009, five days before the market bottomed after the financial crisis. The S&P 500 has rallied 433%.
One quarter alone can’t change that 13-year narrative. Then again, GE has to start someplace.
Two For Three
It’s important to view the Q2 report through the lens of what General Electric will be, not just what it is.
And what GE will be is three separate companies. The company, in fact, recently announced the names of the three businesses: GE Healthcare, GE Aerospace and GE Vernova (the former power and renewable energy businesses).
Most of the value in the three companies is going to come from healthcare and aviation. Those are the crown jewel businesses. GE Power has been challenged almost since General Electric acquired France’s Alstom (EPA:ALSO) back in 2015, in one of the worst acquisitions of the decade. Renewable energy has some long-term potential, but remains unprofitable.
One clear positive from earnings is not just that GE topped expectations, but how it did so. Aviation impressed, with 26% revenue growth, suggesting a continued recovery in that cyclical business. Notably, it was recurring revenue, not necessarily product sales, that drove the strong results, which suggests GE Aviation can manage through a recessionary environment that pressures travel spending.
Healthcare numbers were light, with profit down 19% and revenue up just 1%. But supply-chain problems, lockdowns in China and cost inflation provide some justification for the results. Overall, healthcare — probably the most valuable of the GE businesses — given its defensive nature, seems to be in reasonably good shape.
The biggest disappointment in Q2 was in renewable energy. GE had guided for a recovery in the second half of this year, but management admitted on the conference call that such a recovery wasn’t on the way. GE plans more cost cuts, but even in that context the news there looks grim: Renewable energy has generated $14.4 billion in revenue over the past four quarters, while posting a segment loss of more than $1.3 billion.
Of course, if one of the units was going to post a soft quarter, it would be best if it was not aviation or healthcare. Almost certainly, GE Vernova will be the least valuable of the three businesses.
Is GE Stock Cheap?
Again, the strength in the quarter doesn’t necessarily read across to the full year, by GE’s own admission. After Q1 results, management pointed to the lower end of the 2022 outlook originally given in late January following the fourth-quarter report. After Q2, despite the beat relative to consensus, management said largely the same thing — with one exception.
That exception seems important. GE pulled down free cash flow guidance for this year by about $1 billion. Commentary on the post-earnings call suggested that 2023 results too will be pressured.
That guidance does seem concerning in the context of GE’s long history. There’s long been a gap between earnings and free cash flow. Earnings can be influenced by accounting choices, particularly for a business as complex as GE Capital (assets of which incredibly still are being run off). The ‘one-time’ effects excluded from adjusted earnings too can be gamed; restructuring charges, for instance, seem to recur every single year.
Free cash flow, however, is much less affected by management decisions; it’s simply a measure of the actual cash coming into the business. For years, skeptics pointed to low free cash flow as a reason to sell GE stock, even while GE at times looked cheap on an earnings basis. Those skeptics likely see the reduced free cash flow outlook as simply more of the same.
But even with the lower guidance, there’s a case that the fundamentals here are starting to work. (Ironically, that’s not true looking at adjusted earnings, which likely don’t come in much above $3 per share this year.) Free cash flow of $4.5 billion this year, and perhaps $6 billion-plus next year (assuming a $1-billion reduction from the prior outlook for next year) can support a current market cap just shy of $80 billion.
That’s particularly true if aviation and healthcare are performing well. At least in Q2, they were.
Is General Electric Stock A Buy?
All told, it’s not hard to view GE stock as a buying opportunity after Q2 results. Despite a highly unfavorable operating environment, the company posted solid results. The concerns surrounding free cash flow are reasonable in the context of supply-chain issues and weakness in the renewable energy business.
Valuation is reasonable. The business is not the same cyclical industrial it used to be. And it does seem like GE, following the appointment of Larry Culp as chief executive officer back in 2019, finally is on track.
At the same time, however, that history weighs. Over the past 13 years, GE has raised expectations on a number of occasions. Each time, it has disappointed. It’s going to take more than one quarter to convince investors that this time truly is different. But if GE can do so, there’s some big upside ahead in GE stock.
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Bid/Ask Implies $GE PPS Will Continue BreakOut Tomorrow…
up, Up, UP, U-P, *U*P*,…
Glta Bulls, Watchers, & StockHOLDERS!
GE Stock: The Bulls Are In Control … for Now
By: TheStreet | July 26, 2022
• GE stock is rallying for an eighth session. How long can it continue to gain?
General Electric (GE) shares are rallying on Tuesday, up about 5.7% and trading near highs. If GE stock closes in the green, it will mark the stock’s eighth straight daily gain.
In that span, we’ve seen the stock rally more than 20% and reclaim several major moving averages, including the 10-day, 21-day and 50-day.
Driving the shares today are the company’s better-than-expected earnings results.
GE reported second-quarter non-GAAP earnings of 78 cents a share, nearly double what it earned in the year-earlier quarter and more than double the analyst consensus estimate of 38 cents.
Revenue of $18.6 billion grew slightly year over year but topped analysts’ expectations by roughly $1 billion.
But the guidance is perhaps the most interesting portion of the report.
Management still expects to earn $2.80 a share to $3.50 a share, as it stated in January. But GE expects the figure to come in near the lower end of that range. Additionally, management trimmed its free-cash-flow guidance.
The outlook might not be great, but we’re seeing the stock rally, a rather bullish development. We saw something similar with Netflix (NFLX), which reported less-than-stellar results but has seen its stock trade higher since the news.
Trading GE Stock
Daily chart of GE stock.
Chart courtesy of TrendSpider.com
Two weeks ago, GE stock looked rather vulnerable as it approached the $60 mark. Instead of breaking down, though, it bounced off this level, giving the bulls a double bottom to work with.
That ultimately kickstarted a strong rally, which as I noted has now thrust the stock back above its short- and intermediate-term moving averages.
The 10-week moving average was notable resistance last month, but now GE stock finds itself healthily above this measure. If the stock can stay north of $70, the charts look pretty constructive for investors.
In addition to holding $70, I would also like to see GE stock hold above the 10-day moving average and see this measure turn into active support.
On the upside, $72.50 is a key zone. This level was support in May before a large breakdown rocked GE stock in June. That’s as the overall market came under immense selling pressure as well.
If it can push higher, keep an eye on the gap-fill level at $74.75. Above that and longer term targets are up at $80, then $86 to $88.
I expect the latter to be notable resistance if and when GE stock gets there. That zone is marked by the 50% retracement, the gap-fill level near $86.50 and prior support at $88.
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GE posts higher earnings on recovery in aviation industry
By: CNBC | July 26, 2022
• General Electric on Tuesday surprised Wall Street with higher quarterly profit and positive cash flow as recovery in the aviation industry drove up its jet engine business, sending its shares higher in premarket trade.
• The Boston-based industrial conglomerate reiterated that its full-year results were on track to come in at the low end of its forecast as the company continued to wrestle with supply-chain and inflationary pressures. However, it trimmed the full-year free cash flow forecast by about $1 billion.
• In January, it projected adjusted profit in 2022 to be in the range of $2.80 to $3.50 per share and expected to generate $5.5 billion to $6.5 billion in free cash flow.
General Electric on Tuesday surprised Wall Street with higher quarterly profit and positive cash flow as recovery in the aviation industry propelled its jet engine business, sending its shares higher in premarket trading.
The Boston-based industrial conglomerate reiterated that its full-year results were on track to hit the low end of its forecast due to ongoing supply-chain and inflationary pressures. However, it trimmed the full-year free cash flow forecast by about $1 billion.
“Working capital will be pressured as GE protects customers from the impact of supply chain challenges, as well as Renewable Energy-related orders,” the company said.
The pressure will see about $1 billion of free cash flow pushed “into the future”, GE added.
In January, it projected adjusted profit in 2022 to be in the range of $2.80 to $3.50 per share and expected to generate $5.5 billion to $6.5 billion in free cash flow.
GE’s shares were up 3.9% at $70.99 in premarket hours.
A strong recovery in air travel has bolstered demand at GE’s engine business, which is the company’s cash cow. The unit reported a 27% year-on-year jump in revenue in the quarter through June on the back of higher shop visits and spare part sales.
The company expects demand at its aviation unit to remain strong, resulting in more than 20% revenue growth and $3.8 to $4.3 billion operating profit this year.
Raytheon Technologies, whose Pratt & Whitney segment makes jet engines, has also reported a jump in demand for its engines and aftermarket services.
Profit at GE’s healthcare unit, however, is expected to suffer this year due to supply chain disruptions, and freight and raw material inflation.
Those issues along with the expiration of U.S. wind energy production tax credit have taken a toll on the company’s renewable energy business. As a result, GE said it no longer expects an improvement in the business in the second half of the year.
Adjusted profit for the quarter through June came in at 78 cents a share, significantly higher than analysts’ expectations for a profit of 38 cents a share, according to Refinitiv. Quarterly revenue at $18.6 billion also topped Wall Street estimates.
The company reported $162 million in free cash flow in the second quarter.
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$GE AfterHours LowVolume HeadFake??? EarningsReport Tomorrow PreMarket Release!...
Glta $GE Bulls, Watchers, & StockHOLDERS!
Question: Was Larry Culp Planted As GE CEO...
To Force BreakUp Of GE MegaCompany AND
Obtain Assets For Danaher Corporation???
Glta $GE Bulls, Watchers, & StockHOLDERS!
General Electric (GE) Sees Large Drop in Short Interest
By: MarketBeat | July 20, 2022
• General Electric (NYSE:GE - Get Rating) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 12,400,000 shares, a decrease of 19.9% from the June 15th total of 15,490,000 shares. Based on an average trading volume of 6,990,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.1% of the company's stock are short sold...
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Earnings Preview: General Electric Co. (NYSE: GE)
By: 24/7 Wall St. | July 22, 2022
• Here is a look at four companies set to report results before Tuesday’s open.
General Electric
Over the past 12 months, shares of General Electric Co. (NYSE: GE) have slipped by nearly 33%. The shares dipped to their 52-week low just last week. Last November, the company said it planned to spin off its health care and energy businesses into separate companies and become primarily an aviation company.
Earlier this week, it announced that the health care company would be named GE Healthcare when it is spun off early next year, the energy business would be known as GE Vernova after its 2024 spin-off and the aviation business would be named GE Aerospace. Boring, perhaps, but perhaps a little less excitement at GE after three decades of rattle and hum is not such a bad thing.
Analysts remain bullish on the stock. There are 15 Buy or Strong Buy ratings and six Hold ratings among the 21 brokerages covering the stock. At a share price of around $68.10, the potential upside to a median price target of $90.00 is about 32.2%. At the high target of $129.00, the upside potential is 89.4%.
Second-quarter revenue is forecast at $17.94 billion, up about 5.1% sequentially but down about 2% year over year. Adjusted EPS are forecast at $0.42, up 75.8% sequentially and 52.6% higher year over year. For full fiscal 2022, analysts expect GE to report EPS of $2.81, up 32.5%, on sales of $77.44 billion, up 1.7%.
GE stock trades at 24.3 times expected 2022 EPS, 14.4 times estimated 2023 earnings of $4.72 and 11.6 times estimated 2024 earnings of $5.90 per share. The stock’s 52-week range is $59.93 to $116.17, and GE pays an annual dividend of $0.32 (yield of 0.47%). Total shareholder return for the past 12 months was negative 34.7%.
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They better do something at $66 they are so down and behind the 8 ball not even funny
GE Is Splitting Its Businesses. Does That Make the Stock a Buy?
By: TheStreet | July 18, 2022
• General Electric stock has clear support and resistance on the chart. The question is: Which one will break first?
General Electric (GE) stock is rallying on July 18, up about 2% amid a broader market rally. But company-specific news is driving it higher as well.
While Alphabet (GOOGL) (GOOGL) is trying to rally after a stock split, GE stock is trying to rally after more clarity regarding the splitting up of its businesses.
Alphabet’s stock split goes into effect today, while GE’s business split will occur in 2023 and 2024.
But General Electric did unveil new logos and names for its businesses, which will be splitting into three separate groups when it’s complete.
GE stock stood strong earlier in the year but has not had a good run over the past few months. The shares made it through January and February in positive territory — albeit barely — posting gains of 0.01% and 1.1%, respectively.
GE stock exited March with a loss of just 4.2%. It wasn’t until Q2 when things started to drop. The shares dropped 19% in April, rallied 5% in May, then fell 1% in June.
Now what?
Trading GE Stoc?
Daily chart of GE stock.
Chart courtesy of TrendSpider.com
GE stock found support at $60, giving the bulls a nice double-bottom to work with.
It took just two strong sessions — Friday and today — to send General Electric shares higher by 8.5%. That’s from last week’s low to Monday’s high.
While the rally has sent GE stock above the 10-day and 21-day moving averages, it still finds itself in a tough area.
Provided it can stay above the 21-day, GE has to contend with last week’s high near $64.50 and the gap-fill level near $65.
While the gap has been filled and should not play much of a role, it’s noteworthy to see how the stock has traded near this level.
Should the stock clear this zone, it could open up significant upside. In that scenario, it may put the $69 to $72.50 area in play. That includes the 10-week and 50-day moving averages, the daily VWAP measure and a key support/resistance zone between $71.50 to $72.50.
If General Electric stock sees this level, I would expect some sort of a pause, if not an outright selling opportunity in the short term.
On the downside, there’s now an open gap at $63. If GE stock fills that gap, it likely implies that it traded back below its 10-day moving average.
In that scenario, the bulls must recognize that $60 could be back in play — and it might not hold as support the third time around.
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General Electric Unveils New Brand Names, Logo, Ahead of Historic Split
By: TheStreet | July 18, 2022
• “Today marks a key milestone in GE’s plan to become three independent, laser-focused companies," said CEO Larry Culp.
General Electric (GE) unveiled the names of its three new business units Monday as it powers ahead with its historic decision to split the industrial group into three separate public companies.
GE's aviation unit, which the company said last month will run by CEO Larry Culp, with current CEO John Slattery moving to the role of chief commercial officer, will be named GE Aerospace. GE Aerospace is the key plank in GE's plan to to split into three separate companies that it unveiled in December.
The group, which will assume the GE trademark, will also get a corporate logo makerover, altering the iconic blue-and-white to a new “atmosphere blue”.
GE Verona will be the name of its power and renewables division, which will also include energy financial services. The division will be run by Scott Strazik and likely spun-out into the public markets through a tax-free deal in 2024.
GE Healthcare will be the formal name of the third business unit, with plans for a Nasdaq Global Select Market listing under the ticker symbol GEHC in early 2023.
Collectively, the separations will cost around $2.5 billion, GE has said, when taxes and operational expenses are ultimately tallied.
“Today marks a key milestone in GE’s plan to become three independent, laser-focused companies," said Culp. "Leveraging GE’s multi-billion-dollar global brand gives us a competitive advantage in our end markets, allowing these businesses to win in the future."
"Built on a foundation of lean and innovation, these brands will continue our mission of building a world that works and provide our customers with an important reminder of the strengths they value in GE,” he added.
General Electric shares were marked 3% higher in early trading immediately following news of the division split updates to change hands at $64.74 each.
Last month, Culp said the industrial group is seeing robust demand from its customer base, but cautioned that supply-chain bottlenecks remain its most significant challenge.
Speaking to the Bernstein Strategic Decisions conference in New York, Culp said delivering products to customers is a much greater challenge than finding end demand, although price remains an "imperative" for companies around the world.
Culp added that the industrial group remains focused on cost cuts, with a $2 billion 'gross cost out target' for 2022, through "productivity, restructuring & sourcing actions," according to a GE presentation.
Supply chain and cost pressures are likely to last into at least the second half of the year, GE said in March, noting that the "magnitude" of these challenges would pressure growth profit and free cash flow growth as well.
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Deutsche Bank Aktiengesellschaft Cuts General Electric (GE) Price Target to $90.00
By: MarketBeat | July 12, 2022
• General Electric (NYSE:GE - Get Rating) had its target price lowered by stock analysts at Deutsche Bank Aktiengesellschaft from $107.00 to $90.00 in a research note issued to investors on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft's price target would indicate a potential upside of 42.81% from the company's previous close...
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GE is the biggest debacle/failure and fall from grace of any company in the history of America, other than those which went down due to fraud, e.g. Enron. 25 - 30 years ago GE was the premier publicly traded company in the World, when Jeff Immelt took over as CEO form Jack Welch. It is now a laughable disgrace.
I should been shorting this instead I went deep on at $75
There is no bottom now by the looks if it here!!!
Now is the time to call it quits on General Electric (GE) stock
By: Schaeffer's Investment Research | July 6, 2022
• Ditch These 25 Stocks to Prevent Q3 Losses
• GE topped a list of worst stocks to own in the next three months
Last week brought us a disappointing end to the second quarter of 2022, with the S&P 500 (SPX) seeing its worst first half of the year since 1970. With so many traders getting burned, and a new quarter kicking off, now seems like an ideal time to weigh investment strategies, and ditch stocks that tend to underperform over the next three months. One name in particular investors may want avoid altogether is General Electric Company (NYSE:GE), which topped Senior Quantitative Analyst Rocky White's list of worst SPX stocks for the third quarter.
According to White, General Electric stock averaged a third-quarter loss of 5.7% in the past 10 years, finishing the month positive only twice. Last seen down 0.5% to trade at $61.81, a move of similar magnitude would pressure the security back below $59, or its lowest trading level in nearly two years.
Digging deeper, the 20-day moving average moved in as pressure in mid-June, with the shares just yesterday hitting an annual low of $59.93. The equity is today looking to log a seventh consecutive day in the red, while carrying a hefty 34.6% year-to-date deficit.
An unwinding of optimism among options traders could provide additional headwinds. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), GE's 10-day call/put volume ratio of 3.34 sits in the elevated 90th percentile of its annual range. This points to a strong appetite for calls lately.
General Electric stock also looks ripe for a round of downgrades and/or price-target cuts. Of the 14 analysts in coverage, eight call the security a "buy" or better, while the 12-month consensus price target of $97.17 is a lofty 57.2% premium to current levels.
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Wells Fargo & Company Trims General Electric (GE) Target Price to $74.00
By: MarketBeat | June 29, 2022
• General Electric (NYSE:GE - Get Rating) had its price target dropped by equities researchers at Wells Fargo & Company from $84.00 to $74.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an "equal weight" rating on the conglomerate's stock. Wells Fargo & Company's price objective would indicate a potential upside of 12.33% from the stock's previous close...
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General Electric (GE) Plans $0.08 Quarterly Dividend
By: MarketBeat | June 17, 2022
• General Electric (NYSE:GE - Get Rating) declared a quarterly dividend on Friday, June 17th, RTT News reports. Shareholders of record on Tuesday, June 28th will be paid a dividend of 0.08 per share by the conglomerate on Monday, July 25th. This represents a $0.32 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Monday, June 27th...
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Bear of the Day: General Electric (GE)
By: Zacks Investment Research | June 3, 2022
General Electric (GE) reported Q1'22 earnings in late April where EPS topped estimates but revenues missed the Zacks Consensus.
General Electric reported mixed first-quarter 2022 results, wherein earnings surpassed the Zacks Consensus Estimate, but sales missed the same. The company’s quarterly earnings beat the consensus estimate by 20%. Sales lagged estimates by 2.4%.
The industrial conglomerate’s adjusted earnings were 24 cents per share in the first quarter, beating the Zacks Consensus Estimate of 20 cents. The bottom line matched the year-ago figure.
Revenue Details
In the quarter under review, General Electric’s consolidated revenues were $17,040 million, reflecting a year-over-year decline of 0.2%. The quarterly sales suffered from weakness in the Power and Renewable Energy segments. A gain in Healthcare and Aviation was a relief.
The company’s top line lagged the Zacks Consensus Estimate of $17,462 million.
The performance of Aviation, Healthcare, Renewable Energy and Power is discussed below:
Aviation revenues increased 12% year over year to $5,603 million and orders grew 31%. Organically, growth rates for revenues and orders were 12% and 32%, respectively. The high volume of shop visits significantly benefited Commercial Services revenues, partially offset by a decline in Commercial Engines revenues due to supply chain constraints.
Healthcare revenues in the reported quarter totaled $4,363 million, increasing 2% year over year. The segment’s orders grew 8% on an organic basis. The segment gained from a 3% increase in services organic sales while equipment revenues were flat. Supply shortages in the industry played spoilsport in the quarter.
Renewable Energy revenues totaled $2,871 million, down 12% year over year. Organically, the segment’s sales were down 10%. Its orders decreased 21% in the reported quarter. Weakness in Onshore Wind revenues and softness in Grid adversely impacted the segment’s performance. Growth in services revenues was a relief.
The Power segment’s revenues were down 11% year over year at $3,501 million. Organically, sales decreased 6%. However, the segment’s orders increased 14% year over year (or were up 19% organically). The segment suffered due to lower shipment volumes.
Margin Profile
In the quarter under review, General Electric’s cost of sales was down 0.7% year over year to $12,453 million. It represented 73% of the quarter’s revenues versus 73.4% in the year-ago quarter. Selling, general and administrative expenses decreased 26.2% to $3,651 million. It was 21.4% of the quarter’s revenues versus 17% in the year-ago quarter. Research and development expenses totaled $641 million, reflecting an increase of 14.3%. It represented 3.8% of the quarter’s revenues versus 3.3% in the year-ago quarter.
The company’s adjusted operating profit was $946 million, up 19% year over year. Margin in the quarter was 5.8%, up 90 basis points (bps).
On a reported basis, the Power segment recorded operating earnings of $63 million against a loss of $87 million in the year-ago quarter. Renewable Energy recorded a loss of $434 million compared with a loss of $234 million in first-quarter 2021. The Aviation segment’s earnings were $908 million versus $641 million in the year-ago quarter. The Healthcare segment’s profits decreased 23% to $538 million.
Interest and other financial charges decreased 19.6% year over year to $390 million.
Balance Sheet and Cash Flow
Exiting the first quarter of 2022, General Electric had cash and cash equivalents of $12.8 billion, down from $15.8 billion recorded at the end of the previous quarter. Borrowings were $28.6 billion, down from $30.8 billion at the end of the previous quarter.
Non-GAAP free cash outflow totaled $880 million in the first quarter compared with $3,361 million cash outflow recorded in the year-ago quarter.
2022 Outlook
For 2022, General Electric anticipates organic revenue growth in the high-single digits on a year-over-year basis. Adjusted organic profit margin is predicted to expand 150 bps from the previous year.
Free cash flow will likely be $5.5-$6.5 billion for the year. Adjusted earnings per share for 2022 are anticipated to be $2.80-$3.50 per share, suggesting a rise from $1.71 recorded in 2021.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in fresh estimates.
The consensus estimate has shifted -42.86% due to these changes.
VGM Scores
At this time, GE has a poor Growth Score of F, a grade with the same score on the momentum front. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, GE has a Zacks Rank #5 (Strong Sell).
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General Electric (GE) Price Target Lowered to $100.00 at Morgan Stanley
By: MarketBeat | May 31, 2022
• General Electric (NYSE:GE - Get Rating) had its target price decreased by Morgan Stanley from $112.00 to $100.00 in a note issued to investors on Tuesday, Stock Target Advisor reports. The brokerage currently has an "overweight" rating on the conglomerate's stock. Morgan Stanley's price objective suggests a potential upside of 27.08% from the company's current price...
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Morgan Stanley Lowers General Electric (GE) Price Target to $112.00
By: MarketBeat | May 17, 2022
• General Electric (NYSE:GE - Get Rating) had its price target dropped by equities researchers at Morgan Stanley to $112.00 in a research note issued to investors on Tuesday, Stock Target Advisor reports. The firm currently has an "overweight" rating on the conglomerate's stock. Morgan Stanley's price target would indicate a potential upside of 46.85% from the company's current price...
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GE CFO sees improvement in company businesses in H2
By: Reuters | May 12, 2022
CHICAGO (Reuters) - General Electric (NYSE:GE) Co on Thursday said it expects an improvement in its businesses in the second half of the year despite persistent inflationary and supply chain pressures.
"We remain confident in the recovery in the second half," Carolina Dybeck Happe, GE's chief financial officer, told Goldman Sachs (NYSE:GS) Industrials & Materials Conference.
She, however, said the company expects to burn cash in the current quarter despite an improvement in cash flow.
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and the tanking of GE .
glad i sold all my GE saving and securty stock years ago , think i got out at about 15 years ago $38.00
Jack Welch - part of the past.
This is 2022.
Hey Jetmek_03052
Good old GE moved the IV liquids that one gets with a IV in the hospital.
Where did good old GE move that production to ??
Per Fox news CHINA , hey i think good old GE should stick it right up Jack Welchs ass as he was the asshole that started the big china move
jmho
Hey i know one GE product that good old GE did not get to move over seas !
PC 75 circuit boards made at the Coshocton Ohio plant
General Electric: Is It Different This Time Around For The Industrial Giant?
By: Vince Martin | May 11, 2022
On Oct. 1, 2018, Larry Culp took over as chief executive officer of General Electric (NYSE:GE). Since the close of trading that day, GE stock has declined 20%.
GE Daily
There are a number of possible explanations for the stock’s poor performance. One might be that Culp simply is a poor CEO. That seems unlikely, however.
Culp, after all, had roaring success with Danaher (NYSE:DHR), which under his leadership was one of the best stocks in the entire market. On the day GE announced Culp would replace John Flannery in the top job, GE stock gained 7%, a move that added roughly $8 billion to its market capitalization. Investors then believed Culp was an excellent manager; and even with GE stock struggling now, we don’t have much evidence to suggest otherwise.
In theory, it could be possible that the board of directors of the Boston-based industrial mega-cap got in Culp’s way. But that is absolutely untrue: Culp has been given free rein. Costs have been cut, and executives replaced. GE Biopharma was sold for $21 billion; the aircraft leasing business went for $30 billion. The company now plans to break into three parts. It’s hard to think of a bigger move than a breakup of GE, a once-storied conglomerate that less than 20 years ago produced everything from appliances to lightbulbs to television programs.
So a presumably good CEO was given carte blanche to remake his company in the way he sees fit. Clearly, at least as far as General Electric stock is concerned, that strategy hasn't worked.
That leaves two potential explanations. One suggests the stock is a buying opportunity now; the other sees GE as dead money.
The Case For GE Stock
The core argument for GE stock at this point is simple: a panicking market is bailing on GE at precisely the wrong time. The entirety of the 20% decline under Culp has come so far in 2022; GE has fallen 22% year-to-date. That YTD performance is worse than the 15% fall (including dividends) of the S&P 500.
Even to a longtime GE skeptic like myself, this argument has some appeal. Culp's turnaround hasn't yet shown significant benefits in terms of the fundamentals. But there is good news here. The company is much leaner, in terms of the reach of its overall business and how it runs its individual businesses. GE Healthcare is a leader in its field. The same is true of GE Aviation. GE Power, the legacy of the disastrous acquisition of Alstom, has some holes, but the long-term prospects of the renewable energy portfolio look attractive.
More broadly, we've seen this kind of story before, in which a massive company attempts a turnaround, and investors bail just before the efforts finally bear fruit. Procter & Gamble (NYSE:PG) is a perfect recent example. Coca-Cola (NYSE:KO) is another.
Indeed, just a few months ago, GE itself was expressing strong optimism about its own turnaround. Guidance given with fourth-quarter results in late January suggested free cash flow this year would more than double, with adjusted EPS growing to $2.80-$3.50 against $2.12 in 2021.
Meanwhile, at the Investor Day in March, GE forecast about $7 billion in free cash flow next year. The current market capitalization of $81 billion, against that estimate, suggests a forward P/FCF multiple below 12x—an attractive fundamental metric.
First-quarter earnings last month certainly suggested those targets may not be hit. Culp pointed investors to the low end of the guidance for this year, which, in turn, raises concerns about the 2023 outlook. But the core problem at the moment, at least per GE management, is ongoing difficulties across the supply chain, not anything going wrong within GE itself.
So at this point, even if the 2023 cash flow target gets pushed out a year or two, GE stock still is cheap enough to own below $80. The supply-chain issues will be worked through; more cost cuts will arrive; GE will see further reductions in its interest expense thanks to lower debt. And then the breakup can unlock further value.
Bulls would argue that right now, investors are taking the short-term view, focusing on macroeconomic concerns, supply-chain issues, and falling stock prices across the markets. When that changes, however, the long-term value GE is creating right now will shine through and the stock can soar.
After all, that $7 billion in free cash flow, assuming the company can grow from that point in health care and aviation, suggests a market capitalization as high as $140 billion at a 20x multiple. That's 75% upside from here. Wall Street isn't quite as bullish, but the average 12-month price target still suggests over 40% gains...
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Again. Old news. Anything ELSE?
Maybe YOU should do a little DD on GE
What is left of the once big manufacturing base here in the USA
“Was” is the term to be focused on.
Do you have anything relevant to TODAY?
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UNDER CONSTRUCTION
General Electric Company (GE) develops, manufactures, and markets various products for the generation, transmission, distribution, control,
and utilization of electricity worldwide. Its products primarily include various appliances, lighting and industrial automation products,
medical diagnostic imaging systems, bioscience assays and separation technology products, electrical distribution and control equipment, locomotives,
power generation and delivery products, nuclear power support services and fuel assemblies, commercial and military aircraft jet engines, and
security equipment and systems, as well as engineered materials, such as plastics and silicones.
The company also offers turbomachinery products and services for the production, transportation, storage, refining, and distribution of oil and natural gas;
and provides specialty chemicals, pumps, valves, filters and fluid handling equipment for improving the performance of water, wastewater, and process systems.
In addition, GE sells and services various home appliances, as well as rents, leases, sells, and manages commercial and transportation equipment.
Further, it offers various product services; electrical apparatus installation, engineering, and repair and rebuilding services; and aircraft maintenance,
component repair and overhaul services, including sales of replacement parts.
Additionally, the company produces and delivers network television services, operates television stations, produces and distributes motion pictures,
and operates cable/satellite networks, theme parks, and program activities in multimedia and the Internet. GE also offers a range of financial and other services,
including consumer financing, commercial and industrial financing, real estate financing, asset management and leasing, mortgage services,
consumer savings and insurance services, and reinsurance.
The company was founded in 1892 and is based in Fairfield, Connecticut.
http://www.ge.com/
Hisory of GE
http://www.schenectadyhistory.org/ge/index.html
https://finviz.com/quote.ashx?t=GE
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