GE Aerospace (GE)

[DiscoverGold]

GE Placed on S&P CreditWatch Negative on Breakup Plan
By: TheStreet | November 9, 2021

• 'Upon the separation of GE Healthcare [set for early 2023], we would view GE as less diversified,' S&P said, according to a media report

General Electric’s (GE) plan to split itself into three didn’t impress everyone Tuesday: S&P Global Ratings put the iconic industrial conglomerate on CreditWatch for a possible downgrade.

"Upon the separation of GE Healthcare [set for early 2023], we would view GE as less diversified," S&P said, according to MarketWatch.

"In the past year, the health care segment has been more resilient and contributed relatively stable profitability and cash flow given the impact of the Covid-19 pandemic on its aviation segment and while power remains in turnaround mode.

The separation of the health care segment would be a credit negative in our view."

To be sure, S&P pointed out that the aviation and energy units have important strengths: strong market positions and large-scale operations.

S&P sees a gradual rebound in aviation from its pandemic-induced stupor and a "more robust margin recovery" in 2022. It anticipates close to pre-pandemic profit margins in 2023.

As for GE’s plan, current Chief Executive Larry Culp will be nonexecutive chairman of the health-care group, which will be run by Peter Arduini when it is spun off.

Tax-free spinoffs of the energy and power divisions will occur in 2024, as they're combined into a single group led by Scott Strazik, GE said.

The bulk of the current company remaining in place -- with the GE name -- will focus on aviation and will be led by John Slattery.

Collectively, the separations will cost around $2.5 billion, GE said, when taxes and operational expenses are ultimately tallied.

GE recently traded at $112.52, up 3.8%.

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[bar1080]

I don't own GE shares, but I follow it due to its CEO, Culp, and it being a BA supplier. Culp founded Danaher Corp, one of my holdings.

[farml1234]

Up for the greatest post of the YEAR award

remember a few years ago GE got rid of about 450 corporate Vice Presidents that were dead weight


jmho

[Prudent Capitalist]

Total Chit show. CNBC had in interesting analysis this morning on GE with historical charts going back to when GE carried a $600 Billion valuation and market cap. Even with GE shares +5% today, GE shares are (-64%) over the past 20 years. Just pathetic. Longtime shareholders who had their share count destroyed in the Reverse Split, and who are siting on a couple of Wabtec shares from that spinoff, will now end up with a very small number of shares in 3 different companies. The bottom line is that Jeff Immelt destroyed the greatest company in America and we are now left with the spoils that aren't worth much compared to our original positions that were at one time considered forever holdings.

[uber darthium]

CULP SAY TUSA “EAT IT” 3 TIMES

[farml1234]

Wonder how good old GE will screw the retired people now ?


JMHO

[bar1080]

Very interesting.

[Jetmek_03052]

News:

“GE surges, Plans to Form Three Public Companies Focused on Growth Sectors of Aviation, Healthcare, and Energy”

[Jetmek_03052]

Nice opening ahead?

[weedtrader420]

WOOHOOOOOO WOOHOOOOOO

[OldSouthern]

Me thinks Tusa may not have a good day today…

[uber darthium]

CULP SAY “EAT IT TUSA”

[DiscoverGold]

General Electric Tops Q3 Earnings, Lifts Profit Outlook, Narrows 2021 Cash Flow Forecast
By: TheStreet | October 26, 2021

• General Electric narrowed its industrial free-cash flow forecast following a mixed set of third quarter results that included stronger profits but modestly weaker revenues.

General Electric Co (GE) posted stronger-than-expected third quarter earnings Tuesday, and lifted its full-year profit outlook, but narrowed its industrial cash flow forecast amid what it called a "challenging operating environment" and "global supply chain disruptions".

General Electric said adjusted non-GAAP earnings for the three months ending in June were pegged at 57 cents per share, up 18.75% from the same period last year and 14 cents ahead of the Street consensus forecast. Group revenues, General Electric said, slipped 1% to $18.4 billion, coming inwell shy of analysts' estimates of a $19.251 billion tally.

Looking into the final months of the year, GE said it sees earnings in the region of $1.80 to $2.10 per share -- compared to its prior forecast of $1.20 to $2.00 -- and narrowed its forecast for industrial free cash flows to between $3.75 billion and $4.75 billion compared to its earlier estimate of $3.5 billion and $5 billion.

“The GE team delivered another strong quarter. Orders grew, margins expanded, our overall cash performance was significantly better, and Aviation is building momentum and showing continued signs of recovery," said CEO Larry Culp. "The teams are managing through a challenging operating environment, including global supply chain disruptions and onshore wind market pressure due to the U.S. Production Tax Credit. Against that backdrop, we're raising our 2021 EPS expectations and narrowing our full-year free cash flow outlook."

"Our progress strengthening our balance sheet and operations enables us to drive long-term growth and value in our businesses," he added. "With leading positions in our markets, we are serving customers with vital equipment and services that shape the future of flight, advance precision health, and lead the energy transition. We remain on track to deliver high single-digit free cash flow margins over time."

General Electric shares were marked 1.1% higher in pre-market trading immediately following the earnings release to indicate an opening bell price of $106.45 each.

GE shares have gained only around 1.6% since debuting their split-adjusted price on August 2 as investors looked past the group's stronger-than-expected second quarter earnings last week and an improved outlook for industrial cash flows to fragility in the global economic recovery and surging input costs for the industrial sector.

JPMorgan analysts Stephen Tusa, a long-time GE skeptic who carries a 'neutral' rating with a $55 price target on the stock, said earlier this month that weakening near-term fundamentals make the industrial group's longer-term anchors "more optimistic".

He also suggested that recent portfolio moves, as well as the appointment of a new CEO at GE Healthcare earlier this summer, represent a "plan b' for the company as it moves into a more difficult macroeconomic backdrop over the final months of the year.

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[DiscoverGold]

Can GE Stock Break Out on Earnings?
By: TheStreet | October 25, 2021

• General Electric is set to report earnings on Tuesday before the open. Will the results be enough to trigger a breakout in GE stock?

General Electric (GE) stock has been holding up pretty well lately, although it’s been consolidating for quite some time.

In fact, one could argue that GE stock has been consolidating for most of 2021.

The company has done better than expected, delivering upside guides to its free cash flow outlook.

There have been a lot of issues for General Electric to navigate over the past two years, ranging from Boeing’s (BA) company-specific issues to macro issues related to the COVID-19 pandemic.

On Tuesday morning, we’ll get an idea of how the company weathered the past three months and what management expects going forward.

If it’s a subpar result and outlook, it may be more of the same for the stock. However, if management can deliver, we could be looking at a potentially large breakout.

Let’s look at the chart.

Trading GE Stock


Daily chart of GE stock.

Chart courtesy of TrendSpider.com

In the first quarter, General Electric caught a nice pop up to the $115 area (on a post-split adjusted basis). However, that nice rally was met with rapid, aggressive selling, which sent it to a low near $95.50 a few days later.

That was in March, but we’ve since seen the range get even tighter.

While $115 remains resistance and the $95.50 to $98 area has been support, we’ve mostly seen support come into play around $100 to $102 and resistance come into play between $107 and $108.

As GE stock rides the 200-day and 50-week moving averages higher, I want to see if earnings are enough to thrust shares above $108. A move over $108 would immediately open the door to $115.

If GE stock can clear $115, the $125 to $128 area would be the next zone to focus on, with the 161.8% extension coming into play near the latter, at $127.98.

On the downside, the 50-day and 200-day moving averages would be a great area to hold after the report. That would equate to a post-earnings loss of 2.5% or less.

Should shares break these measures, the 50-week moving average is the main focus. Below that puts $98 on the table, then $95.50.

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[uber darthium]

CULP SAY “EAT IT” TUSA

www (dot) tusaeatsit (dot) com

[johnydollar]

I don't think Tulsa cares about being an idiot lol, he called for $55 value for $GE, but he forgot to mention that this company is a good flip stock. Why because he owns zero shares.he just wants folks to dump it.

[Jetmek_03052]

Really.

https://money.cnn.com/quote/forecast/forecast.html?symb=ge

Out of 20 analysts, 11 rate it a BUY, 1 rates it as a OUTPERFORM and 9 rate it as a hold.

I’d say Tusa is pretty much in the VAST MINORITY of those having a bad opinion of GE.

Tusa is an idiot, plain and simple. He’s been wrong at every step since Culp took over and it is plainly shown just HOW wrong he’s been.

[johnydollar]

Very interesting, I guess Tusa is not alone on this journey of hate.lol

[Jetmek_03052]

No one CARES what Tusa thinks. WHY?

Because Tusa has been WRONG WRONG WRONG about GE....FOR YEARS!

Tusa is being led around by his unreasonable hate for GE. It CONSUMES him!

TOO FUNNY!

Tusa is a JOKE.

[weedtrader420]

G E $200 target price woohoooooo

[Fai 2]

GE analyst Steven Tusa over at JPMorgan thinks shares of the industrial giant deserved to be hammered. 
"We think that, on consensus numbers, the stock is overvalued by ~20%, with more substantial downside based on a more come complete accounting for liabilities which compound should there be a shortfall to an optimistic consensus," Tusa wrote in an extensive new research note to clients on Tuesday. 
The closely watched analyst reiterated a $55 price target on GE, representing downside risk of about 47% from current levels. 

GE shares fell 2% on Tusa's commentary. 
The stock is up 18% year-to-date, compared to a 16% return for the S&P 500 as traders bet GE will benefit from the global economic recovery and its cost-cutting efforts under CEO Larry Culp.
Under Culp, GE has focused on lean manufacturing initiatives to slash costs and produce higher quality, more profitable products. In turn, GE's cash flow trends have improved in recent quarters.
But Tusa warns investors should be cautious on GE right now.
Explains Tusa, "GE is operating through a difficult period, born from a combination of over a decade of leverage-related issues that, combined with challenged end markets and intensified competition, have left the company with significant liabilities and little free cash flow to support. The company has undertaken major portfolio moves to de-lever as a response, further diluting future fundamental levels of earnings and FCF. Management to its credit delivered on better than expected free cash flow in 2019, but we believe incomplete guidance is keeping a persistently optimistic Street from resetting, making the stock look cheaper than it is using published consensus."
Tusa added he continues to see "structural concerns" in key power markets and now "structural weakness" at GE's aviation business. 
GE is slated to report third quarter earnings on Oct. 26.
Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.

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[DiscoverGold]

$19.34 Billion in Sales Expected for General Electric (GE) This Quarter
By: MarketBeat | September 27, 2021

• Wall Street brokerages expect that General Electric (NYSE:GE) will report sales of $19.34 billion for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for General Electric's earnings, with estimates ranging from $18.68 billion to $19.86 billion. General Electric posted sales of $19.42 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.4%. The firm is scheduled to report its next quarterly earnings report on Wednesday, October 27th...

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[DiscoverGold]

$GE Having some trouble with the heatmap above as the huge volume shelf forms on the weekly
By: TrendSpider | September 30, 2021

• $GE Having some trouble with the heatmap above as the huge volume shelf forms on the weekly



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[Prudent Capitalist]

And Pig is the operative term for GE right now.

[johnydollar]

I was expecting the divy to boost the price a bit ,I guess it was lipstick slapped on this pig.

[DiscoverGold]

General Electric (GE) Declares Quarterly Dividend of $0.08
By: MarketBeat | September 10, 2021

• General Electric (NYSE:GE) announced a quarterly dividend on Friday, September 10th, RTT News reports. Investors of record on Monday, September 27th will be paid a dividend of 0.08 per share by the conglomerate on Monday, October 25th. This represents a $0.32 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Friday, September 24th...

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[weedtrader420]

GE It’s a beautiful thing Look at all that green buying WOOHOOOOOO

[johnydollar]

You missed the reverse split.

[Kenzie12]

How did their share price get so high what did I miss

[johnydollar]

Perfect flipperoni all day long.

[Jetmek_03052]

GE Stock Could Be a Turnaround Story With an Eye on $150

“GE reported orders up 33%, GAAP revenue up 9%, and an industrial profit margin of 5.3%. As a result, its adjusted earnings per share (EPS) was 19 cents per share. But more important than anything, it reported a huge turnaround in its industrial free cash flow.”

https://www.google.com/amp/s/investorplace.com/2021/08/ge-stock-could-make-a-6-fcf-margin-next-year-valuing-it-with-a-3-fcf-yield/amp/

Sure. Flipping stock. HA!

[johnydollar]

GE has become a flippers paradise this days, it's become the Padre island of spring break. Thanks to poor management.

[DiscoverGold]

General Electric (GE) Receives Average Rating of "Buy" from Brokerages
By: MarketBeat | August 27, 2021

• General Electric (NYSE:GE) has been given a consensus recommendation of "Buy" by the sixteen ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $118.29...

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[johnydollar]

Another day Another flip. Like clock work.

[Jetmek_03052]

Still goin’….

[weedtrader420]

G E $$$$$$$$$$$$

[Jetmek_03052]

Go for it. Buy the dips is a good strategy for GE.

Selling GE is not.

[johnydollar]

Buy the dipper.

[johnydollar]

If it squawk like a duck it's probably a duck.

[Jetmek_03052]

As stated, any belief that GE is some sort of “flipping opportunity” is COMPLETELY incorrect.

GE is a long term hold.

Penny players believe in flipping.

This is no penny.

[johnydollar]

Hope you are making a killing flipping the $1 moves.

[Jetmek_03052]

[Jetmek_03052]

Still goin’.

[johnydollar]

Don't get greedy, this is still GE.

[Jetmek_03052]

Still goin' up.....

[johnydollar]

Good flip money in the bank.

[Jetmek_03052]

Still goin’ up….

[Nebuchadnezzar]

GE is still risky play. why buy GE at $100 when you can own something much safer with little to zero risk

SBUX, K, GIS, SIG, KO, PEP, WM, AWR--etc

[johnydollar]

Ok, if you say so, if this hits $50 investors will still be celebrating, besides all the other things you mentioned. I get it.

[Jetmek_03052]

No.

Bad luck is when the SEC puts a company on the lowest tiered exchange possible, because it did something like break the SEC filing statutes.

Bad luck is when the people governing the exchange you are on put out a SKULL and CROSSBONES and huge warnings in regards to trading it.

Bad luck is when they assign a company a "Caveat Emptor" designation and THEN prevent any retail traders from buying it, because it's too risky.

Owning a company like that is in itself "bad luck".

GE? GE is doing just fine. Culp is making changes that will allow GE to prosper (if we EVER get by this ever ending virus junk). He is cutting debt, he is casting off unprofitable divisions. And the divisions he is keeping are operating in a much more lean and mean manner.

Yup. This company will make investors happy they chose it as an investment. All in good time.