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GE new 52 week high
I get my new highs and new lows list from the Barchart website
https://www.barchart.com/stocks/highs-lows?page=6
The list is alphabetical
What you should notice is the average price of a stock making a new high, probably close to high double digits if not triple digits
Also, the list has many unfamiliar names priced in the triple digits
These companies also pay quarterly dividends
GE new 52 week high
GE new 52 week high
GE new 52 week high
GE new 52 week high
GE new 52 week high
$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 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 new 52 week high
$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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GE new 52 week high
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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GE new 52 week high
GE new 52 week high
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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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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