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General Electric's Power Business Is Flickering, Company 'Long Way' From Seeing Turnaround
Wednesday, March 6, 2019 - 3:47pm | 464Wall Street is having trouble seeing the light when it comes to a turnaround for General Electric Co. (NYSE: GE)'s weak Power business. Powering Down Analysts said GE's Tuesday announcement of more coming financial woes in 2019 was worse than expected and the notion that the Power...
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GE CEO Says Industrial Free Cash Flow Will Turn Negative In 2019
Tuesday, March 5, 2019 - 3:08pm | 502General Electric Co. (NYSE: GE)'s stock tanked Tuesday afternoon after CEO Larry Culp delivered yet another round of bad news at the J.P. Morgan Aviation, Transportation & Industrials Conference. Disappointing Guidance In his presentation, Culp said GE is expecting fiscal 2019 organic...
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Cramer: Facebook And GE Benefited From A Low Bar
Friday, February 1, 2019 - 12:36pm | 449Shares of Facebook, Inc. (NASDAQ: FB) gained more than 10 percent in reaction to its fourth-quarter earnings report not to be outdone by General Electric Company (NYSE: GE)'s best single-day percentage gain in nearly a decade in reaction to its earnings. What do both of these companies have in...
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General Electric's Liquidity Problem
Tuesday, November 13, 2018 - 2:03pm | 666General Electric Company (NYSE: GE) is having a rare green day Tuesday, gaining more than 12 percent after the company announced a new strategic plan for its stake in Baker Hughes a GE Co (NYSE: BHGE). Unfortunately for GE investors, experts are saying GE’s situation may be worse than...
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Insider Buys Of The Week: GE, Hasbro, Tesla
Monday, November 5, 2018 - 5:36pm | 540Insider buying can be an encouraging signal for potential investors. Some notable CEOs were making insider buys last week. Shares of one of these companies have hit multiyear lows. Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason --...
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3 Reasons To Buy GE, According to UBS
Wednesday, October 31, 2018 - 1:25pm | 332Shares of General Electric Company (NYSE: GE) dipped below the $10 per share mark for the first time in nearly a decade, but UBS sees three reasons why investors can now be buyers. The Analyst UBS' Steven Winoker upgraded General Electric from Neutral to Buy with an unchanged $13 price target....
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GE Cuts Dividend To 1 Cent
Tuesday, October 30, 2018 - 8:38am | 598General Electric Company (NYSE: GE) will pay shareholders 1 cent per share per quarter in dividends after announcing a major reduction in conjunction with its third-quarter earnings report. What Happened GE said it earned 14 cents per share in the third quarter on revenue of $29.573 billion, which...
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Gordon Haskett Analyst Previews GE Earnings: 'I Think A Dividend Cut Is Inevitable'
Monday, October 29, 2018 - 12:05pm | 1068General Electric (NYSE: GE) investors may have their fingers on the "sell" button when the company reports Q3 earnings Tuesday. John Inch, Managing Director and Senior Equity Analyst at Gordon Haskett, recently joined Benzinga’s PreMarket Prep to discuss what GE investors can...
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Fresh Faces: GE, JCPenney Shares Revitalized By New Leadership
Sunday, October 14, 2018 - 1:50pm | 496General Electric Company (NYSE: GE) kicked off the month by deposing CEO John Flannery. By unanimous vote, Larry Culp succeeded the former chief just one year into his reign. The following day, J C Penney Company Inc (NYSE: JCP) named Jill Soltau CEO after Marvin Ellison left in May. GE surged up...
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2 Pros Discuss What Larry Culp Brings As CEO To General Electric
Monday, October 1, 2018 - 6:13pm | 546General Electric Company (NYSE: GE) has a new CEO. H. Lawrence Culp, Jr. will replace John Flannery, effective immediately. The executive shuffle helped boost GE's stock about 7 percent Monday as the company is now led by "one of the best" industrial executives, according to...