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Gentle and Generous...........as they come
Generas Electric and Generas Motors are targets for shorteners again
Game Creek Capital LP Takes $387,000 Position in General Electric (GE)
By: MarketBeat | January 25, 2023
• Game Creek Capital LP bought a new stake in shares of General Electric (NYSE:GE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,250 shares of the conglomerate's stock, valued at approximately $387,000...
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GE rises after strong update for aerospace business
By: Geoffrey Smith | January 24, 2023
Investing.com -- General Electric (NYSE:GE) stock rose in premarket trading on Tuesday after the industrial giant beat forecasts in the final quarter of 2022 and predicted another strong year ahead for its aerospace business in particular.
GE, which is still working through a multi-year program to cut debt and simplify its sprawling operations, said adjusted earnings per share in the three months through December rose by more than 50% from a year ago to $1.24. That was ahead of expectations for $1.15 and represented nearly half of the company's earnings for the whole year. Revenue also came in ahead of expectations at $21.79 billion, up 7% on the year, while free cash flow rose 16% to $4.29B.
For the coming year, GE said it expects adjusted EPS - excluding GE HealthCare which is now a standalone company - to total between $1.60 and $2.00, while organic revenue is expected to grow by just under 10% and free cash flow is seen in a range around $3.80B.
GE's aerospace division is set to enjoy the significant tailwind of the recovery in international travel this year, as China joins most of the rest of the world in lifting public health restrictions on air passengers after its shift away from the Zero-COVID strategy at the end of 2022. It added that it also expects military aerospace orders to deliver "significant profit growth" for the division this year, against the backdrop of increased defense spending across the West due to the war in Ukraine.
GE expects aerospace revenue to grow by a little under 20% this year, with an operating profit of around $5.5B.
By contrast, its power divisions, which incorporate both renewables and gas and steam turbines, are still struggling for profitability, with the anticipated boost from the Biden administration's Inflation Reduction Act and all its support for domestic green energy initiatives still some way out in the future. GE Vernova, which houses the power business, is expected to lose between $200M and $600M at an operating level this year, with revenue growth likely to come in below 5%.
By 07:30 ET (12:30 GMT), GE stock was up 0.6% in premarket, outperforming the broader S&P 500 and Dow futures, as the outlook for the aerospace division outweighed the weak guidance for Vernova.
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GE $1.6 Million Put • Strike: 74 • Expiration: 1/27/23
By: Cheddar Flow | January 23, 2023
• $GE $1.5M OTM Put
Strike: 74
Expiration: 1/27/23
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Earnings Preview: General Electric Co. (NYSE: GE)
By: 24/7 Wall St. | January 20, 2023
• Here is a look at five companies set to report quarterly results early Tuesday morning.
General Electric
Over the past 12 months, shares of General Electric Co. (NYSE: GE) have slipped by more than 23%. The shares dipped to their 52-week low in early July and have bounced more than 66% higher since. On January 3, GE spun off its Healthcare business into a new company, GE HealthCare Technologies Inc. (NASDAQ: GEHC), and GE shares have added 15.9%, and GE HealthCare shares have added 14.2% since the split. Following a spinoff of its energy businesses next year, GE will become solely an aerospace company.
Analysts remain bullish on the stock. There are 16 Buy or Strong Buy ratings, along with five Hold ratings, among the 21 brokerages covering it. At a share price of around $76.90, the potential upside to a median price target of $85.00 is about 11.8%. At the high target of $110.00, the upside potential is about 43%.
Fourth-quarter revenue is forecast at $22.11 billion, up 15.9% sequentially and by 8.9% year over year. Adjusted EPS are forecast at $1.16, up more than 230% sequentially and by 26.1% year over year. For the full 2022 fiscal year, analysts expect GE to report EPS of $2.55, up 20.4%, on sales of $76.8 billion, up 3.5%.
GE stock trades at 30.1 times expected 2022 EPS, 31.3 times estimated 2023 earnings of $2.56 and 18.6 times estimated 2024 earnings of $4.13 per share. The stock’s 52-week range is $59.93 to $101.91, and GE pays an annual dividend of $0.32 (yield of 0.4%). Total shareholder return for the past 12 months was negative 1.7%.
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Pos co by a ceo that will kill people o. These engines soon
General Electric Stock, The Sum of All Parts Strategy is Paying Off
By: MarketBeat | January 16, 2023
• Industrial power solutions company General Electric Company (NYSE: GE) stock has climbed over 20% in 2023 as positive sentiment for its restructuring gains steam. General Electric has been divesting its businesses for the past several years. Some well-known past spin-offs include oilfield services provider Baker Hughes Company (NYSE: BKR) and lending business GE Capital.
Its GE HealthCare Technologies Inc. (NASDAQ: GEHC) spin-off was immediately added to the S&P 500 index (NYSEARCA: SPY), replacing Vornado Realty Trust (NYSE: VNO), which moved to the S&P MidCap 400 index. There appears to be more upside as a weekly cup and handle breakout formation may be set up.
Sum-of-the Parts Strategy
General Electric announced its plans to split into three standalone companies in November 2021. Since they are not necessarily complementary businesses, CEO Larry Culp believes they will each retain higher multiples as separate entities and bring more value to shareholders.
GE shareholders would get extra shares of the spin-offs based on a ratio to their ownership of GE shares. CEO Culp has a strong background in this strategy as the former CEO of industrial giant Danaher Co. (NYSE: DHR), as they bought and sold many companies during his tenure there...
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General Electric Co. (GE) Healthcare spin off coming Jan 4th. Chart still looks constructive
By: Options Mike | January 8, 2023
• $GE Healthcare spin off coming Jan 4th. Chart still looks constructive. Move back to 88 Possible.
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Today it looks deconstructive...
General Electric Co. (GE) Chart still looks constructive. Move back to 88 Possible
By: Options Mike | January 2, 2023
• $GE Healthcare spin off coming Jan 4th. Chart still looks constructive. Move back to 88 Possible.
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GE Healthcare will join S&P 500 as soon as it begins trading
By: Morningstar | December 28, 2022
GE spinoff will replace Vornado Realty Trust in the index when it begins trading Jan. 4
GE Healthcare Technologies Inc. will be an S&P 500 stock as soon as it officially exists.
General Electric Co. (GE) expects to spin off its healthcare arm into a separately traded company on Jan. 4, and S&P Dow Jones Indices announced Wednesday afternoon that the new company will be included in the S&P 500 as of that day. The new stock will replace Vornado Realty Trust (VNO), which will move down to the S&P Midcap 400, S&P Dow Jones Indices announced.
GE shares were unchanged in after-hours trading following the announcement Wednesday, while Vornado shares slipped about 0.4%.
GE announced plans to split the company into three separate entities in November 2021, with the creation of GE Healthcare the first step toward that goal. The split is expected to happen after the close of trading on Jan. 3, with GE investors receiving one share of GE Healthcare for every three shares of GE they own.
After spinning off the healthcare unit, GE executives expect to create another new company that combines the GE Renewable Energy, GE Power and GE Digital units in 2024. The remaining entity will be focused on aviation.
GE Healthcare had revenue of $13.4 billion in the first nine months of the year, down from $17.59 billion in the same period of 2021, but profit increased to $1.31 billion from $1.16 billion in the comparable year-ago period, according to figures GE released earlier this month. The new stock is expected to trade under the ticker symbol GEHC.
GE has fallen 14% in the past 12 months, as investors await the split. That is a better performance than a 20% decline in that time for the S&P 500, but worse than an 8.7% drop by the Dow Jones Industrial Average , which removed GE as a component in 2018 after 111 consecutive years as a member of the blue-chip index.
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General Electric $GE was just awarded a $203 Million contract with the US Air Force
By: StockMKTNewz | December 27, 2022
• General Electric $GE was just awarded a $203 Million contract with the US Air Force for technology maturation and risk reduction services, and a $99.5M cost-plus-fixed-fee contract for research and development.
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Oppenheimer Comments on General Electric's FY2024 Earnings (GE)
By: MarketBeat | December 16, 2022
• General Electric (NYSE:GE - Get Rating) - Research analysts at Oppenheimer issued their FY2024 EPS estimates for shares of General Electric in a report issued on Wednesday, December 14th. Oppenheimer analyst C. Glynn expects that the conglomerate will post earnings per share of $6.10 for the year. Oppenheimer currently has a "Outperform" rating and a $104.00 target price on the stock. The consensus estimate for General Electric's current full-year earnings is $2.54 per share...
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General Electric (GE) Price Target Raised to $96.00 at Barclays
By: MarketBeat | December 16, 2022
• General Electric (NYSE:GE) had its price objective increased by Barclays from $92.00 to $96.00 in a research report issued to clients and investors on Friday, The Fly reports. Barclays's price objective suggests a potential upside of 21.81% from the company's current price...
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French prosecutors raid General Electric site on tax fraud probe -AFP
By: Investing.com | December 15, 2022
(Reuters) -Prosecutors searched U.S. conglomerate General Electric (NYSE:GE) Co's industrial site in eastern France on Thursday as part of an inquiry into claims it avoided millions of euros in taxes by transferring profits abroad, AFP reported.
The tax inquiry was started after Fabien Roussel, the head of France's Communist Party, told authorities in July 2019 of his "suspicions of tax optimisation and fraud" by the company, the report said.
GE and France's National Financial Prosecutors' Office did not immediately respond to Reuters requests for comment.
Tensions between unions and GE management have run high as the company cut hundreds of French jobs on slumping demand for gas turbines and other power-generation equipment, the report added.
In 2019, General Electric had announced a plan to cut around 1,000 jobs in France, principally at its site in Belfort, to cut costs.
The works' council and unions at the site filed a complaint in May last year, alleging that GE had transferred 555 million euros ($589.58 million) of profit from the Belfort site to Switzerland or the United States, according to the report.
The unions also accused the company of trying to show the site was losing money in order to justify the job cuts, AFP said.
($1 = 0.9414 euros)
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General Electric (GE) Price Target Increased to $98.00 by Analysts at Royal Bank of Canada
By: My MarketBeat | December 9, 2022
• General Electric (NYSE:GE - Get Rating) had its target price increased by equities research analysts at Royal Bank of Canada from $93.00 to $98.00 in a note issued to investors on Friday, The Fly reports. Royal Bank of Canada's target price points to a potential upside of 17.18% from the company's previous close...
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GE Healthcare sees mid-single-digit revenue growth over medium term
By: Investing.com | December 8, 2022
(Reuters) -General Electric Co's healthcare division is aiming to have a medium-term organic revenue growth in the mid-single-digits, the unit's Chief Executive Officer Peter Arduini said at an investor day conference on Thursday.
GE Healthcare, which will be spun off into a separate listed company early next year, expects an aging population, chronic diseases and a rise in the middle class in many emerging markets to drive growth targets for the company.
China, which accounts for about 15% of total GE Healthcare sales, would also help drive growth as there is a pent-up demand in the market, Arduini said.
Besides organic growth, the company will also look at "tuck-in" acquisitions to boost its business, on similar lines as its $1.45-billion buyout of ultrasound device maker BK Medical last year, Chief Financial Officer Helmut Zodl said.
GE Healthcare also expects medium-term adjusted core earnings margin to be close to 20%.
Zodl highlighted challenges such as macroeconomic factors, supply chain challenges, restructuring action undertaken in 2022 along with planned investment in research and development which may weigh on its core earnings margin.
The new company's medium-term goal for core earnings margin "should be well received in light of concerns around the R&D step-up that might be needed", wrote Barclays (LON:BARC) analyst Julian Mitchell in a note.
The healthcare company had revenue of around $18 billion last year, with about half of it from recurring sources, GE Healthcare said in a presentation.
General Electric (NYSE:GE) in November last year announced it would split into three publicly traded units focused on healthcare, aviation and energy as it aimed to simplify business and pare down debt.
GE Healthcare will operate imaging and ultrasound devices, patient care solutions and pharmaceutical diagnostics businesses.
The healthcare unit is expected to complete its spin off on Jan. 3, with public trading being set from the next day.
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Exclusive-General Electric, L3Harris among suitors vying for Aerojet -sources
By: Mike Stone and David Carnevali | November 30, 2022
(Reuters) - Industrial conglomerate General Electric (NYSE:GE) Co and defense contractor L3Harris Technologies (NYSE:LHX) Inc are among those competing to acquire rocket maker Aerojet Rocketdyne Holdings (NYSE:AJRD) Inc, according to people familiar with the matter.
Aircraft producer Textron Inc (NYSE:TXT) and private equity firm Veritas Capital are also vying to acquire El Segundo, California-based Aerojet, which has a market value of about $4 billion, the sources said.
Aerojet has been running a process to sell itself after its $4.4 billion sale to Lockheed Martin Corp (NYSE:LMT) was thwarted by antitrust regulators in February, Reuters has previously reported. If the negotiations conclude successfully, a deal could be inked by the end of December, the sources added, cautioning that no agreement was certain.
Aerojet does not see in the line-up of bidders the antitrust issues that led to the demise of its deal with Lockheed, because none of the suitors are direct competitors or share much of the same supply chain, one of the sources said.
The sources requested anonymity because the matter is confidential.
"We regularly assess multiple options as we pursue game-changing solutions for our customers," an L3 Harris spokesperson said, declining to comment specifically on the company's pursuit of Aerojet. Spokespeople for Aerojet, General Electric, Textron and Veritas Capital did not respond to requests for comment.
Aerojet develops and manufactures liquid and solid rocket propulsion and hypersonic engines for space, defense, civil and commercial applications. Its customers include the Pentagon, Boeing (NYSE:BA), Lockheed Martin and Raytheon Technologies (NYSE:RTX) Corp.
The company prevailed in a battle for control of its board against former Executive Chairman Warren Lichtenstein last summer but remains under pressure to boost its performance. Activist hedge fund Elliott Investment Management disclosed it had accumulated a 3.7% stake in Aerojet in August.
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General Electric (GE) Short Interest Update
By: Market Beat | November 15, 2022
• General Electric (NYSE:GE - Get Rating) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 11,480,000 shares, an increase of 11.2% from the October 15th total of 10,320,000 shares. Based on an average daily volume of 6,170,000 shares, the short-interest ratio is presently 1.9 days. Currently, 1.1% of the company's shares are short sold...
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General Electric Co. (GE) No change W pattern executing just slowly... Gap fill next target here
By: Options Mike | November 13, 2022
• $GE No change W pattern executing just slowly... Gap fill next target here.
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General Electric Co. (GE) Nice W pattern here has just triggered, Gap fill in play now
By: Options Mike | November 6, 2022
• $GE Nice W pattern here has just triggered, Gap fill in play now.
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General Electric (GE) Short Interest Down 9.0% in October
By: MarketBeat | October 30, 2022
• General Electric (NYSE:GE - Get Rating) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 10,320,000 shares, a decrease of 9.0% from the September 30th total of 11,340,000 shares. Approximately 1.0% of the company's shares are short sold. Based on an average daily volume of 6,350,000 shares, the days-to-cover ratio is currently 1.6 days...
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General Electric $GE was just awarded a 5 year $1.09 Billion contract with the US Navy
By: Markets & Mayhem | October 31, 2022
• General Electric $GE was just awarded a 5 year $1.09 Billion contract with the US Navy
"for repair, replacement, and program support of 784 F414 engine components in support of F/A-18 aircraft"
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Morgan Stanley Increases General Electric (GE) Price Target to $88.00
By: MarketBeat | October 26, 2022
• General Electric (NYSE:GE - Get Rating) had its price target upped by investment analysts at Morgan Stanley from $85.00 to $88.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an "overweight" rating on the conglomerate's stock. Morgan Stanley's price objective indicates a potential upside of 16.62% from the company's previous close...
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Options Bears Circle General Electric (GE) After Lowered Forecast
By: Schaeffer's Investment Research | October 25, 2022
• The company saw a 19% drop in third-quarter profits
• Year-to-date, GE carries a 24% deficit
General Electric Company (NYSE:GE) is slipping today, down 2.1% to trade at $71.93 at last check, despite the company's better-than-expected third-quarter earnings and revenue. Weighing on the equity instead is a 19% dip in quarterly profits amid inflationary and supply pressures, as well as a slashed full-year revenue outlook as its renewable energy business faces higher warranty and related reserves.
Options traders are chiming in on the results, with 13,000 puts and 8,046 calls across the tape so far, which is triple the volume that's typically seen at this point. Most popular is the 10/28 71-strike put, followed by the 70-strike put in that weekly series, with positions being opened at both.
That penchant for puts has been the norm lately. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), GE's 10-day put/call volume ratio of 1.82 sits higher than 94% of readings from the last year -- already higher than the last time we checked in with the security. This means puts have been getting picked up at a much faster-than-usual clip.
On the charts, General Electric stock is running into a familiar ceiling at the $76 level, which rejected the shares in mid-September. The equity is also testing the 60-day moving average after conquering that level of resistance on Friday. Year-to-date, GE carries a 24% deficit.
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GE CEO: "...Our planned spin-offs remain on track with GE HealthCare ready to go in the first week of January"
By: The Transcript | October 25, 2022
• $GE CEO: "...Our planned spin-offs remain on track with GE HealthCare ready to go in the first week of January"
"GE is maintaining its prior outlook for organic revenue, trending toward the low end of the high-single-digit growth range"
-4% PM
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GE cuts full-year earnings forecast on troubles at renewable energy business
By: Investing.com | October 25, 2022
(Reuters) -General Electric Co on Tuesday trimmed its full-year profit forecast after reporting a decline in third-quarter earnings, primarily due to higher warranty and related reserves at its renewable energy business.
But the company's free cash flow in the quarter through September came in at $1.19 billion, much higher than its previous estimate. Its quarterly revenue also topped Wall Street's estimates.
GE's shares were up about 5% in pre-market trade.
The Boston-based industrial conglomerate said it now expects adjusted profit in 2022 in the range of $2.40 to $2.80 per share, compared with $2.80 to $3.50 estimated earlier.
The company reported an adjusted profit of 35 cents a share, lower than a profit of 53 cents a share last year.
Excluding a $500 million warranty and related reserves at its renewable energy business, quarterly profit would have been 75 cents a share.
The company, which is in the process of breaking up into three companies, is facing challenges at its onshore wind business. The unit, which is the largest of GE's renewable businesses, has been battling higher raw material costs due to inflation and supply-chain pressures.
In the United States, which has been GE's most profitable onshore wind market, policy uncertainty following the expiry of renewable electricity production tax credits last year has hurt customer demand, contributing to a 15% year-on-year drop in renewable energy revenue in the September quarter.
GE said it expects renewable energy losses of about $2 billion this year. It is laying off workers at its onshore wind unit as part of a plan to restructure and resize the business.
The restructuring at its renewable energy business is expected to deliver $500 million in annualized savings, the company said.
GE reiterated that demand at its aviation unit is expected to remain strong, resulting in more than 20% revenue growth. The company said its aviation business has made progress in addressing supply chain problems, leading to double-digits increase in jet engine deliveries since the second quarter.
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Earnings Preview: General Electric Co. (NYSE: GE)
By: 24/7 Wall St. | October 21, 2022
• Here is a look at four companies on deck to report results first thing Tuesday morning.
General Electric
Over the past 12 months, shares of General Electric Co. (NYSE: GE) have slipped by more than 31%. The shares dipped to their 52-week low in early July and have bounced higher and lower again since then.
Last November, GE said it planned to spin off its health care and energy businesses into separate companies and become primarily an aviation company. GE is downsizing its corporate headquarters in Boston, leaving Manhattan, and looking for a buyer for its campus in Crotonville, New York. The Financial Times reported last week that France’s EDF is offering a low-ball price ($160 million to $180 million) for GE’s nuclear turbine business due to the segment’s dealings with Russia’s Rosatom.
Analysts remain bullish on the stock. There are 16 Buy or Strong Buy ratings and six Hold ratings among the 22 brokerages covering GE. At a recent price of around $70.50 a share, the potential upside to a median price target of $84.00 is about 19.1%. At the high target of $122.00, the upside potential is 73%.
Third-quarter revenue is forecast at $18.81 billion, which would be up about 0.9% sequentially and 2.1% higher year over year. Adjusted EPS are forecast at $0.49, down 37.6% sequentially and by 14.0% year over year. For the full 2022 fiscal year, analysts expect GE to report EPS of $2.68, up 26.5%, on sales of $74.78 billion, up 0.8%.
GE stock trades at about 15.6 times expected 2022 EPS, 11.7 times estimated 2023 earnings of $6.04 and 8.4 times estimated 2024 earnings of $8.37 per share. The stock’s 52-week trading range is $59.93 to $116.17, and GE pays an annual dividend of $0.32 (yield of 0.46%). Total shareholder return for the past 12 months was negative 31.2%.
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Can General Electric (GE) Stock Remain in Recovery Mode?
By: Schaeffer's Investment Research | October 20, 2022
• The utilities company will repoprt third-quarter results early next week
• The equity has lost roughly 25% this year
General Electric Company (NYSE:GE) is on deck to report third-quarter earnings next week before the open on Tuesday, Oct. 25. The security is trading marginally lower this afternoon, last seen down 0.7% at $70.07. GE has seen some recovery on the charts, adding 13.2% this month already as it tries to chip away at its 25.8% year-to-date deficit. However, the company's upcoming report could dictate whether or not that recovery continues.
The security has seen a mixed post-earnings response over the past two years, dropping lower the day after five of its past eight quarterly reports. Regardless of direction, the stock averaged a next day move of 3.1% during these sessions, which is slightly lower than the 5% move the options pits are pricing in this time around.
These options pits have been unusually put-heavy recently. This is per GE's 10-day put/call volume ratio of 1.76 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which stands higher than 91% of readings from the past year.
Analysts, meanwhile, are still clinging to a bit more bullishness. Of the 16 in coverage, nine say "buy" or better, while six say "hold." Meanwhile, the 12-month consensus price target of $84.82 is a 20.6% premium to current levels.
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Short Interest in General Electric (GE) Increases By 5.6%
By: MarketBeat | October 18, 2022
• General Electric (NYSE:GE - Get Rating) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 11,340,000 shares, a growth of 5.6% from the September 15th total of 10,740,000 shares. Based on an average trading volume of 6,280,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.0% of the shares of the stock are short sold...
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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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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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