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GE new 52/weeknhigh
GE new 52=week high
GE new 52 week high
GE new 52 week high
GE 10Q due JULY 23
GE new 52 hi
GE new 52 hi
GE 10Q due 4/23
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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