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Steady making bank here. I tode you boys
This has finally paid off holding this for about 10 years!
$GE One of the hotter monthly setups you'll see
By: TrendSpider | January 25, 2024
• $GE One of the hotter monthly setups you'll see.
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GE's first-quarter outlook disappoints, shares fall
By: Investing | January 23, 2024
(Reuters) -General Electric Co flagged lower-than-expected profit in the current quarter, citing the sluggish pace of improvements at its renewable business, after fourth-quarter earnings topped forecasts on demand for parts and services at its jet engine business.
The company's shares were down about 2% in pre-market trade.
The Boston, Massachusetts-based company said while the pace of profit improvement at its renewable business is expected to gather steam in the second half of the year, the performance in the first quarter "will look a lot like the fourth quarter."
The unit, part of the company's portfolio of energy businesses called GE Vernova, has failed to turn a profit in the past two years. Its losses in the fourth quarter narrowed from a year ago.
"There's a little bit of lag between order to revenue conversion," GE's Chief Financial Officer Rahul Ghai said on an earnings call. "And so the renewables improvement will be more back-end loaded."
Overall, the company expects an adjusted profit of 60-65 cents a share in the quarter through March compared with 72 cents a share expected by analysts in a LSEG survey.
GE's aviation business has been riding a surge in demand for aftermarket services as a strong rebound in travel and a shortage of new jets prompt airlines to keep their planes in the air for longer periods.
The company said the aerospace business, which makes engines for jets of Boeing (NYSE:BA) and Airbus, is expected to report $6.0 billion to $6.5 billion in adjusted operating profit in 2024 and more than $5 billion in free cash flow.
The grounding of Boeing's 737 MAX 9 airplanes for safety checks after a cabin panel fell off during an Alaska Airlines flight this month as well as a snag with rival RTX's Pratt & Whitney Geared Turbofan (GTF) engines are expected to keep the demand high for aftermarket services.
"The recent Alaska Airlines accident makes the commercial aerospace aftermarket once again the safest portion of the sector into earnings, with demand robust and pricing power firmly intact," J.P. Morgan analyst Seth Seifman wrote in a note last week.
CFM International, GE's joint venture with France's Safran (EPA:SAF) SA, is an engine supplier for Boeing's 737 MAX jetliners and competes with RTX's Pratt & Whitney to power Airbus' 320neo jets.
GE, which has completed the separation of its healthcare business, said on Tuesday it would spin off its energy businesses, including renewables, into a separate company in early April.
As a result, it provided separate full-year estimates for its energy businesses including renewables and aerospace unit.
GE said its portfolio of energy businesses, known as GE Vernova, is estimated to generate revenue of $34 billion to $35 billion and free cash flow of $700 million-$1.1 billion in 2024.
GE's adjusted profit for the December quarter came in at $1.03 per share, higher than 91 cents a share expected by analysts. Total revenue rose 15% to $19.42 billion.
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This one is a head scratcher man. Now what?
This General Electric $GE yearly chart looks wild. On the verge of a +20 year triangle breakout!
By: TrendSpider | January 1, 2024
• $GE This General Electric yearly chart looks wild.
On the verge of a +20 year triangle breakout!
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$GE is up 95% in 2023. Best year since at least the early 1960s
By: Mike Zaccardi | December 26, 2023
• $GE is up 95% in 2023. Best year since at least the early 1960s.
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General Electric investigates alleged cyber breach involving military data
By: Investing | November 27, 2023
General Electric (NYSE:GE) is currently investigating a purported security breach after a hacker group known as CyberNiggers, with a member named IntelBroker, claimed to have compromised sensitive information related to military projects. The alleged cyber intrusion involved accessing GE's networks and extracting classified data, which the hacker initially attempted to auction for $500 on a dark-web forum.
The hacker provided screenshots as proof, showcasing classified databases from GE Aviation that detailed military projects, including those associated with the Defense Advanced Research Projects Agency (DARPA). Although GE has not officially confirmed the authenticity of the breach, the company has taken the allegations seriously and has launched an inquiry into the matter, emphasizing its dedication to system security and the protection of its collaborative projects with DARPA.
IntelBroker, part of the group CyberNiggers, is known for previous significant data leaks and cyberattacks. After failing to sell the stolen data last week, IntelBroker is now offering both the content and network access for sale online. This includes SQL databases, aviation system details, maintenance records, and other sensitive documents.
The group recently made headlines on Tuesday, November 22, 2023, when they resurfaced on a hacker forum. CyberNiggers had been under the radar due to legal pressure from US agencies following infiltrations of the DC Health Link program and the US Citizenship and Immigration Services. Despite this, they are actively recruiting individuals with skills in operational security and encryption, demonstrating their continued involvement in cybercriminal activities.
GE's commitment to enhancing its cybersecurity posture remains steadfast as it deals with this latest challenge to its network integrity. The investigation is ongoing, and further details will likely emerge as it progresses.
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what is the tarnation are you talking about?
THE JOCKEY..FOLLOW THE LEADER..THATS HOW HE DOES IT
YUP...COMPLETE FOLLOW OTHERS...THATS ALL HE KNOWS!!!
Yep, got in this at about $110 and hope the run continues. Lesss gooooo GEEEEEEEEEEEE.
going for broke with Candy
GE shares on track for highest close in six years
By: Investing | November 17, 2023
NEW YORK - General Electric (NYSE:GE) shares are on the cusp of closing at their highest level since November 10, 2017, when they stood at $122.96. The stock has witnessed a significant uptick, surging by 12% since it exceeded earnings forecasts on October 24, marking its most substantial growth in over fifty years.
The upward trajectory for GE is partly attributed to the successful Dubai Air Show, which not only boosted GE's prospects but also favored Boeing (NYSE:NYSE:BA), its long-time collaborator in the aerospace sector. In contrast, competitors such as Raytheon Technologies (NYSE:RTX) are grappling with challenges in their turbofan jet divisions, and Siemens Energy is facing operational difficulties.
In response to the post-pandemic economic environment, GE has strategically restructured its operations into three separate entities and relocated from Cincinnati's The Banks to Evendale. This move was accompanied by a significant reduction in workforce, now just over half of its pre-pandemic size.
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$GE Larger ~ 1.30 million shares at $112.68 #darkpool print ~ 27% of 30D Avg Vol
By: FLOWrensics | October 25, 2023
• $GE Larger #darkpool print ~ 1.30 million shares at $112.68 ~ 27% of 30D Avg Vol.
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General Electric (GE) surges on another strong beat-and-raise quarter driven by aerospace
By: Investing | October 24, 2023
General Electric (NYSE:GE) gained 6% in early trading Tuesday following another beat and raise quarter.
Total adjusted revenues for the third quarter rose 18% organically to $16.5 billion, topping the consensus of $15.42 billion. Adjusted EPS was $0.82, well above the consensus of $0.56.
GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. said, "GE delivered another quarter of very strong results with double-digit growth in revenue, profit, and cash. At GE Aerospace, we continue to experience rapid growth driven by robust demand and solid execution, largely in Commercial Engines and Services. At GE Vernova, our Grid and now Onshore Wind businesses were both profitable this quarter and we expect their performance to continue to improve. With our two largest Renewable Energy businesses delivering and Power's continued strength, we remain highly confident in GE Vernova's spin-off next year."
GE also raised full-year 2023 guidance.
The company sees adjusted EPS for 2023 of $2.55-$2.65, versus the prior outlook of $2.10-$2.30 and the consensus of $2.36. The company sees organic revenue growth in the low teens, versus the prior outlook of low-double-digit. In addition, they see free cash flow of $4.7-$5.1 billion, versus the prior guidance of $4.1-$4.6 billion.
Culp concluded, "Based on our year-to-date results and continued momentum in the fourth quarter, GE is raising full-year 2023 guidance. We're well-positioned to launch GE Aerospace and GE Vernova as independent companies in the beginning of the second quarter. I'm more excited than ever about our path ahead."
Further, the company announced that it plans to spin off GE Vernova and launch GE Aerospace at the beginning of the second quarter of 2024, subject to final approval from the GE Board of Directors and other customary conditions. GE Vernova will be listed on the NYSE under the ticker symbol "GEV," and GE Aerospace will continue GE’s listing on the New York Stock Exchange under the ticker symbol “GE."
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GE's Q3 2023 earnings outlook buoyed by aerospace and power sectors
By: Investing | October 16, 2023
General Electric (NYSE:GE) is set to announce its Q3 2023 results on Tuesday, October 24, with expectations of a strong performance in the commercial aerospace sector and growth in LEAP engine deliveries. According to the company's previous records, it is predicted to report a 17.5% year-over-year revenue increase in the Aerospace segment.
InvestingPro data shows that GE has a market cap of 118.32B USD and a P/E ratio of 12.62. The company's revenue growth for LTM2023.Q2 is recorded at 23.24%, with a gross profit of 20.02B USD. These figures underscore the company's robust financial health and potential for continued growth.
The company has a history of surpassing earnings estimates, with an average beat of 35.4% in three out of four previous quarters, indicating potential for a positive outcome this quarter as well. This aligns with the InvestingPro Tip that GE has strong earnings, which should allow management to continue dividend payments, a practice the company has maintained for 53 consecutive years.
In addition to the aerospace sector, GE's Power segment is anticipated to show strength, backed by the heavy-duty gas turbine services of GE Gas Power and the gas turbine business. The acquisition of Nexus Controls has enabled the development of a unified controls business line for GE’s proprietary Mark Vle controls systems platform, adding further potential for growth in this segment.
The acquisition of Greenbird Integration Technology AS is expected to enhance GE's GridOS capabilities for seamless system connectivity and data integration across the grid. This could positively influence the company's Q3 performance. Adjusted earnings are projected to rise by an impressive 60% year-over-year, which is consistent with the InvestingPro Tip that GE's net income is expected to grow this year.
GE’s Q3 results could face some headwinds due to challenges like raw material cost inflation and forex issues. Forex problems are specifically predicted to cause an 18.7% revenue decline compared to the same quarter last year. Yet, it's worth noting that GE operates with a moderate level of debt and generally trades with low price volatility, as per InvestingPro Tips.
In parallel with GE's earnings release, other companies such as Emerson (NYSE:EMR) Electric Co., set to release Q4 fiscal 2023 results on Monday, October 30, and Ingersoll Rand (NYSE:IR) Inc., unveiling Q3 2023 results on Wednesday, November 1, are also anticipated to surpass earnings estimates during this reporting cycle.
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General Electric (GE) shares surge on positive cash flow news and restructuring updates
By: Investing.com | September 14, 2023
Shares of General Electric (NYSE:GE) closed at $115.65 on Thursday, marking the second-highest closing price in the past year, influenced by positive cash flow news and favorable overall market conditions. The S&P 500 and Dow Jones Industrial Average also saw increases of 0.8% and 1%, respectively.
The company's CFO, Rahul Ghai, noted that GE's aerospace sector has been performing well and that the renewables and power sectors are on track. This robust performance is expected to contribute towards the higher end of GE's third-quarter earnings per share (EPS) and free cash flow guidance. The projected third-quarter EPS ranges between 45 cents and 55 cents, with Wall Street analysts predicting the upper limit of this range.
The free cash flow for the third quarter of last year stood at approximately $1.2 billion, while projections for this year's third quarter are around $900 million. This positive outlook has been a significant factor in the recent surge in GE's share price.
In terms of restructuring, GE has provided updates on its plan to spin off its power generation business, GE Vernova. The company aims for Vernova to become independent in early 2024, starting its operations with more cash than debt and an investment-grade credit rating.
Post-separation, three businesses will emerge: GE Aerospace led by Larry Culp, GE Vernova under the leadership of Scott Strazik, and GE HealthCare Technologies managed by Peter Arduini. It's worth noting that GE HealthCare has already become an independent entity following its separation in early 2023.
Once the restructuring of General Electric is completed, it is anticipated that the three remaining businesses will maintain investment-grade credits and possess strong franchises within their respective industries. This strategic move is expected to streamline operations and enhance the company's focus on its core sectors.
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Time to Buy Calls on General Electric (GE) Stock
By: Schaeffer's Investment Research | August 16, 2023
• GE's post-earnings pullback found familiar support on the charts
• GE options are affordably priced at the moment
The shares of General Electric Co (NYSE:GE) suffered a post-earnings pullback to their 30-day moving average last week, the same area that offered strong entry points throughout 2023. Despite this pullback the stock is still trading above its pre-earnings close. What’s more, implied volatility (IV) is back in line with GE’s historical volatility (HV). In June and July, IV was above HV, making now a more attractive time for options buyers to play the trend relative to the last few months.
Leading up to the late-July earnings report, options buyers were more pessimistic than they had been in the past three months. At-the-money IV is now lower than 98% of readings from the past year, according to TradeAlert. Plus, the positive earnings move pushed General Electric stock above its 10-year moving average at $110 -- a mark where the shares paused for more than three weeks before earnings.
From October 2022 through May 2023, the equity regularly appeared on a major brokerage’s “net sold during the month” monthly report. Even still, amid its 75% year-to-date lead and 86% year-over-year return, only 13 of 21 analysts rate GE a “buy” or better, and the only brokerage action since late April was a downgrade. This leaves plenty of room for pessimism to unwind and add tailwinds.
Our recommended December call has a leverage ratio of 7.1 and will double on a 14.9% pop in the underlying stock.
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$GE is the top new buy of Stanley Druckenmiller in Q2
By: HedgeMind | August 15, 2023
• $GE is the top new buy of Stanley Druckenmiller in Q2.
The new position represents ~10% of total purchases he made in the quarter & his 3rd largest purchase overall.
$GE traded in a price range of $93 & $110 during Q2 w/ an avg. price of ~$100.
$GE up 77% YTD.
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General Electric (GE) Stock Could Continue Higher
By: Schaeffer's Investment Research | August 10, 2023
• GE pulled back to a historically bullish trendline on the charts
• GE recently hit a five-year high
General Electric Co (NYSE:GE) has been steadily climbing on the charts this year, up 73.6% year-to-date. The stock recently hit a July 25 five-year high of $117.96, though it's pulled back slightly since then. Support at its 40-day moving average has guided the stock higher since the start of the year, and GE is now within one standard deviation of this trendline once again.
According to Schaeffer's Senior Quantitative Analyst Rocky White, GE has run into this trendline three times in the past three years, after which the stock was higher two of the times, averaging a 3.5% gain.
That said, speculating on GE's next move with options could be a prudent play. The stock's Schaeffer's Volatility Index (SVI) of 23% stands higher than just 13% of all other readings in its annual range, implying that options players are pricing in relatively low volatility expectations at the moment.
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Sfrm will go to $25
General Electric (GE) shares downgraded at Oppenheimer on valuation
By: Investing.com | July 31, 2023
General Electric (NYSE:GE) stock received a downgrade today after Oppenheimer analysts moved to Perform from Outperform.
The downgrade call appears to be fueled by valuation concerns, with the analysts highlighting the +35% rally since they upgraded the stock back in December.
“Our pivot to Perform could be conservative if markets afford 16-17x+ on Aviation (as we sometimes hear suggested), or perhaps 10x+ GEV (do not hear much), neither unreasonable, given singularity of the Aviation asset quality and potential longer-term profitability curve for GEV (vs. interim repositioning and developmental business structures),” they said in a downgrade note.
“We view downside protection as formidable, given singularity of the Aerospace asset; and long-term demand/competitive stability prospects for turned/turning-around GEV assets.”
Shares rose last week after the company raised its 2023 outlook for organic sales and earnings per share.
The stock is up 75% year-to-date.
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Chart forcthe past 3 months appears to be a fairly linear trajectory upwards. Interesting.
General Electric (GE) Price Target Raised to $130.00 at Argus
By: MarketBeat | July 26, 2023
• General Electric (NYSE:GE) had its price target raised by research analysts at Argus from $112.00 to $130.00 in a note issued to investors on Wednesday, FlyOnTheWall reports. Argus' price objective suggests a potential upside of 13.32% from the company's previous close...
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General Electric $GE climbs to its highest price since January 2018. Shares are up 133% since October 12, 2022.
By: Barchart | July 25, 2023
• General Electric $GE climbs to its highest price since January 2018. Shares are up 133% since October 12, 2022.
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General Electric (GE) Stock Hits 5-Year High After Earnings
By: Schaeffer's Investment Research | July 25, 2023
• General Electric posted strong second-quarter results and lifted its full-year forecast
• Year-to-date, GE is up roughly 77%
General Electric Co (NYSE:GE) is trading at fresh five-year highs today, after the company posted better-than-expected second-quarter results and raised its full-year forecast, with help from strong demand for its aerospace unit. At last glance, GE was up 5.2% at $115.96, and earlier hit a peak of $117.96. Year-to-date, the outperforming stock is carrying a 76.9% gain.
So far in the options pits today, 16,000 calls and 9,531 puts have been exchanged, which is eight times the amount typically seen at this point. The weekly 7/28 120-strike call is the most popular, followed by the 117-strike call in the same series, with new positions being opened at both.
Analysts have yet to chime in after the results. Of the 15 in coverage, four still carry a "hold" rating despite the stock's rally over the past few weeks. The 12-month consensus price target of $112.54 is now a slim discount to current levels, leaving room for potential price-target hikes as well.
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GE rides aviation boom to lift 2023 profit forecast
By: Investing.com | July 25, 2023
(Reuters) -General Electric Co on Tuesday raised its full-year profit outlook after quarterly earnings topped Wall Street estimates on robust demand for jet engine spare parts and services from airlines looking to cash in on surging air travel.
The company's shares were up about 4% in pre-market trade.
In an interview, CEO Larry Culp said the company has not seen any signs of softening in demand despite rising interest rates.
"We feel very good about the demand that we see broadly," he said.
A faster-than-expected recovery in aviation from pandemic lows has lifted results of engine makers as shortages of commercial planes have forced airlines to use old jets for longer, boosting demand for lucrative aftermarket services.
GE's aerospace unit, which makes engines for jets of Boeing (NYSE:BA) Co and Airbus, posted double-digit growth in orders, revenue, and operating profit from a year earlier. Its services revenue was up 31% in the second quarter from a year ago. Services accounted for 70% of the unit's revenue last year.
The company also reported growth in deliveries of LEAP engines, which it produces in a joint venture with France's Safran (EPA:SAF).
Culp said while supply-chain constraints are improving, the company needs to do more to keep up with "unprecedented" production ramp-up at Boeing and Airbus. He reaffirmed the company's forecast to deliver 1,700 LEAP engine units this year.
GE is also seeing moderation in cost pressures, he said. Its aerospace unit will carry out a price increase for parts in August, Culp added.
The Boston-based company now expects 2023 adjusted profit per share of $2.10 to $2.30, compared with its previous forecast of $1.70 to $2.00. The outlook compares with analysts' consensus earnings estimate of $2.06 per share for 2023, according to a Refinitiv survey.
Free cash flow for the year is estimated to be in a range of $4.1 billion to $4.6 billion, up from $3.6 billion to $4.2 billion expected previously.
GE said operating profit at its aerospace business was now expected to be in a range of $5.6 billion to $5.9 billion this year, up from $5.3 billion to $5.7 billion estimated earlier.
In a sign of improvement at its renewable energy business, the company said the unit was expected to post stronger revenue than its previous estimate, translating into "significantly" better operating profit in 2023.
GE's adjusted profit for the June quarter came in at 68 cents per share, compared with a profit of 46 cents per share estimated by analysts in a Refinitiv survey.
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Moody Lynn & Lieberson LLC Purchases New Holdings in General Electric (GE)
By: MarketBeat | July 21, 2023
• Moody Lynn & Lieberson LLC purchased a new stake in shares of General Electric (NYSE:GE) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,487 shares of the conglomerate's stock, valued at approximately $2,628,000...
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Earnings Preview: General Electric Co. (NYSE: GE)
By: 24/7 Wall St. | July 21, 2023
• These four companies, including one Dow Jones industrial, are on deck to report quarterly results first thing Tuesday morning.
General Electric
Over the past 12 months, shares of General Electric Co. (NYSE: GE) have added nearly 64%, including a jump of nearly 33% for the year to date. Investors have prospered from the company’s spin-off of its healthcare business. The big issue now is the coming spin-off of the remaining energy business. What will be left behind is GE’s aviation business, and that will be the new GE.
Analysts remain bullish on the stock. There are 13 Buy or Strong Buy ratings, along with seven Hold ratings, among the 20 brokerages covering it. At a recent share price of around $111.00, the stock is close to its median price target of $111.50. At the high target of $130.00, the upside potential is 17%. The planned spin-off of the energy business is not expected to fetch the premium that followed the split with GE’s healthcare business.
First-quarter revenue is forecast at $15.15 billion, which would be up 4.6% sequentially but down 18.8% year over year. Adjusted EPS are forecast at $0.46, up 70% sequentially and down 41% year over year. For the full 2023 fiscal year, analysts expect GE to report EPS of $2.05, down 21.8%, on sales of $63.06 billion, down 17.6%. Second-quarter numbers for the prior quarter and the prior year include healthcare operations that were spun off in January 2023.
GE stock trades at 54.2 times expected 2023 EPS, 27.6 times estimated 2024 earnings of $4.02 and 20.8 times estimated 2025 earnings of $5.34 per share. Its 52-week range is $61.88 to $112.15, and GE pays an annual dividend of $0.32 (yield of 0.29%). Total shareholder return for the past 12 months was 109.69%.
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Earnings Ahead for Outperforming General Electric (GE) Stock
By: Schaeffer's Investment Research | July 21, 2023
• General Electric will report second-quarter earnings before the bell on Tuesday
• The stock has an upbeat post-earnings history over the past 2 years
General Electric Co (NYSE:GE) is throwing its hat into the earnings ring before the open on Tuesday, July 25, in which analysts expect the company to post second-quarter profits of 46 cents per share. Over the past two years, GE has turned in positive post-earnings sessions in five of the last eight reports. The stock has averaged a 3.4% next-day move, regardless of direction, which is lower than the 5.4% the options pits are pricing in this time around.
On the charts, General Electric stock has been rallying with help from its 40-day moving average. Fresh off a July 17 five-year peak of $112.15, the equity is up 70.8% year-to-date. At last glance today, the stock was trading flat at $111.24.
Options bulls have been chiming in on the outperformance. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), GE's 50-day call/put volume ratio of 1.48 ranks higher than 96% of readings from the past year.
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Yup! GE is doing well since the beginning of the year. Wish I had some!
Don't Miss General Electric (GE) Stock's Next Ride Higher
By: Schaeffer's Investment Research | June 21, 2023
• If you skipped GE's last rally, now could be your chance
• GE boasts an impressive 104.1% year-over-year lead
General Electric Co (NYSE:GE) stock has been chopping higher on the charts, last seen up 0.5% at $104.58. The security boasts an impressive 104.1% year-over-year lead, and scored a June 16, five-year high of $108.90. Investors that missed this last rally could soon have another opportunity to ride GE's next move higher, as it is now trading within striking distance of a trendline with historically bullish implications.
According to Schaeffer's Senior Quantitative Analyst Rocky White, General Electric stock is currently within one standard deviation of its 40-day moving average. Over the past three years, shares have seen three similar signals, and were positive one month later 67% of the time, averaging a 3.5% pop. A move of comparable magnitude would put GE back above $108.
Now looks like an ideal time to bet on General Electric stock's next move higher, as it boasts affordably priced premiums. More specifically, the security's Schaeffer's Volatility Index (SVI) of 26% ranks at the extremely low 12th percentile of readings from the past year.
It's worth noting GE's Schaeffer's Volatility Scorecard (SVS) sits at 80 out of 100. In other words, the equity has generally exceeded options traders' volatility expectations over the past 12 months.
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General Electric (GE) Shares Sold by Park National Corp OH
By: MarketBeat | June 16, 2023
• Park National Corp OH decreased its holdings in shares of General Electric (NYSE:GE) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,668 shares of the conglomerate's stock after selling 2,412 shares during the period. Park National Corp OH's holdings in General Electric were worth $4,461,000 at the end of the most recent quarter...
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General Electric to sell over $2 billion stake in GE HealthCare
By: Investing.com | June 5, 2023
(Reuters) - General Electric (NYSE:GE) Co is offering 25 million of common stock, or an over $2 billion stake, in GE HealthCare Technologies Inc, according to a regulatory filing on Monday.
Under the debt-for-equity exchange agreement, GE is expected to exchange 28.75 million GE HealthCare shares for debt held by affiliates of Morgan Stanley (NYSE:MS), GE HealthCare said in the filing.
?Evercore ISI, Morgan Stanley, BofA Securities, Citigroup (NYSE:C) and Goldman Sachs (NYSE:GS) are joint lead book-runners for the offering.
GE HealthCare made its Nasdaq debut earlier this year after completing its spin-off from GE.
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Front Street Capital Management Inc. Takes $22.66 Million Position in General Electric (GE)
By: MarketBeat | May 24, 2023
• Front Street Capital Management Inc. acquired a new stake in General Electric (NYSE:GE) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 270,486 shares of the conglomerate's stock, valued at approximately $22,664,000. General Electric makes up approximately 5.1% of Front Street Capital Management Inc.'s holdings, making the stock its 6th largest position...
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GE Big bounce off the 21 EMA once again today as buyers continue to step up in this area...
By: TrendSpider | May 15, 2023
• $GE Big bounce off the 21 EMA once again today as buyers continue to step up in this area...
Keep it simple!
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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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- There are no guarantees when buying or selling any security.
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