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GE
Contracts in Developing Countries Bode Well for GE Stock
Recent developments show that developing countries are upgrading their electrical equipment ,while developed nations will have to continue to rely on natural gas. Those trends are positive for GE stock.
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Exxon Mobil Exit Reveals S&P 500 Index Structural Flaws
Exxon joined the Dow Jones Industrial Average in 1928, entering the vaunted index before the violent market downturn that occurred alongside the Great Depression.
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GE (GE) Up 3.5% Since Last Earnings Report: Can It Continue?
GE (GE) reported earnings 30 days ago. What's next for the stock?
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Dow Jones Shake-Up: 2 Buys, 1 Hold, And 1 Sell
Following Apple's 4 to 1 stock split, the Dow Jones booted 3 companies and added 3 others. While the Dow's changes are trend following in nature, they are not enough to inform buy or sell decisions.
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Why GE Shares Will Likely Stay Range-Bound
Due to the pandemic, the promised turnaround in General Electric is not happening yet. So GE stock is likely to be range-bound for now.
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50 Worst S&P 500 Stocks Since February Peak
The S&P 500 has rebounded to an all-time high, but stock-level dispersion is also quite high. This article covers the bottom performing decile of the S&P 500 since the February peak, a list of stocks that are down almost 50% on average.
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Air Travel Has Some Harsh Reality Checks for General Electric
There’s no denying that GE stock is levered to relevant business. But it’s also fair to point out that without a recovery in air travel, General Electric faces a gloomy future.
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Tracking Prem Watsa's Fairfax Financial Holdings Portfolio - Q2 2020 Update
Prem Watsa’s 13F portfolio value increased from $1.44B to $1.59B this quarter. Fairfax Financials’ largest three stakes are Atlas Corp., BlackBerry, and Kennedy-Wilson.
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5 Stocks Set To Surge If Congress Passes Second Stimulus
Here are five stocks to buy for investors who want to benefit from potential new economic stimulus measures. The post 5 Stocks Set To Surge If Congress Passes Second Stimulus appeared first on InvestorPlace.
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Get Long General Electric Stock While It’s Under the Radar
GE stock is a sleeping giant. While Robin Hood traders are chasing memes, going long this American icon will win long term.
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Better Buy: GE vs. Raytheon Technologies
The two companies are suffering from a slump in air travel, but they both look like a good value right now.
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How Renewable Energy Is Displacing Coal
Discover the latest developments shaping the renewable energy space.
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Why Shares of General Electric Are Higher Today
A vaccine-driven turnaround in aviation would be good news for the company's aerospace unit.
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Why GE Stock Is a Good Value Right Now
On a risk/reward basis, the stock is starting to look attractive for investors willing to take a long-term view.
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How To Use Momentum Statistics To Improve Trading Results
Using actual trading data and momentum statistics can help break down the supply/balance in a stock. Ignoring exceptionally strong or weak momentum characteristics can often become a money losing proposition.
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The Good Business Portfolio: 2020 2nd Quarter Earnings And Performance Review
The 23 businesses comprise 99% of the portfolio with the other 1% in cash, and the average total return over the Dow average for the 56-month test period is 30.18%.
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A Top Pension Manager Sold GE, Starbucks, and McDonald’s Stock. It Bought This Chip Stock.
Tennessee’s Department of Treasury, which is responsible for the state’s retirement system, sold GE, Starbucks, and McDonald’s stock in the second quarter. It also significantly raised holdings in Advanced Micro Devices stock.
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A Top Pension Manager Sold GE, Starbucks, and McDonald’s Stock. It Bought This Chip Stock.
Tennessee’s Department of Treasury, which is responsible for the state’s retirement system, sold GE, Starbucks, and McDonald’s stock in the second quarter....
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Berkshire Hathaway Inc. Cl A stock rises Friday, outperforms market
Shares of Berkshire Hathaway Inc. Cl A inched 0.59% higher to $311,126.00 Friday, on what proved to be an all-around favorable trading session for the stock...
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GE Is Extending CEO Larry Culp’s Contract. What It Means for the Stock.
GE announced undefineda contract extension for CEO Larry Culp. undefinedIt’s a little like a baseball team locking up an ace pitcher.
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General Electric Analyst Says New CEO Contract A 'Benefit For GE Shares'
General Electric Company (NYSE: GE) shares traded slightly lower on Friday after the company extended the contract of CEO Larry Culp through 2024.
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General Electric Clinches Two Deals Worth $1.2B in Iraq
General Electric's (GE) two deals worth more than $1.2 billion with the Iraq Government will help the latter to improve operational efficiency at its major power plants and boost transmission network.
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Larry Culp will make $230 million if he stays and revitalizes General Electric
General Electric is giving Larry Culp more than 200 million reasons to stay and finish the job of turning around the storied conglomerate getting rocked by the pandemic.
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GE CEO Larry Culp's Transformation Strategy Gets Big Endorsement
General Electric's board signaled faith in CEO Larry Culp's plans to transform the industrial conglomerate by extending his contract.
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GE Extends CEO Contract Through 2024
The troubled conglomerate gets some much-needed stability.
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Why is GE Suddenly Popular Again?
General Electric was once a behemoth in the utilities industry and while it still holds a market cap of just under $55 billion, the company is a far cry from its glory days of the past.
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According to the Charts, GE Stock Doesn’t Have What It Takes to Pop
General Electric continues to struggled in a world impacted by the coronavirus. Let's take a deeper look at GE stock and its charts.
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General Electric extends CEO Culp's employment agreement
General Electric Co said it has extended the employment agreement of Chief Executive Officer Lawrence Culp through August 2024.
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General Electric Delivers Engines For Quiet Supersonic NASA Jet
GE delivered a pair of "one-of-a-kind" jet engines that NASA will use to assess how people will react to quieter supersonic flight.
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GE, Chevron Score Iraq Deals As Trump Says U.S. Troops To Leave In 'A Few Months'
Chevron, GE, Baker Hughes and Honeywell signed deals with Iraq as Prime Minister Mustafa al-Kadhimi's made his first visit to the White House.
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Stocks making the biggest moves in the premarket: Alibaba, Estee Lauder, CureVac, Nvidia & more
The stocks making the biggest moves in premarket trading include Alibaba, Estee Lauder, CureVac, and Nvidia.
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GE Inks Iraq Deals Worth Over $1.2 Billion
The power projects are for upgrades and maintenance to the country's power grid.
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Wall Street Breakfast: China Says U.S. Trade Talks Will Happen Soon
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.
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Free Cash Flow Is a Possible Bright Spot for General Electric
General Electric expects a prolonged recovery. GE stock is likely to be 72% to 129% higher by 2021 if industrial FCF returns by then.
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GE Inks $1.2B Deals With Iraq To Improve Country's Power Infrastructure
General Electric Company (NYSE: GE) announced Wednesday it had signed two agreements with the Iraqi Ministry of Electricity worth $1.2 billion to bolster and maintain the middle-eastern country’s electric infrastructure.
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GE signs power agreements worth over $1.2 billion with Iraq
General Electric Co said it had signed two new agreements valued at over $1.2 billion with the Iraqi Ministry of Electricity, to undertake maintenance programs across key power plants in the country and bolster its transmission network.
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S&P 500: Flying In The Danger Zone
S&P500 continues to outpace nearly every other stock index and asset class both domestic and international, but has it lost touch with reality? Passive funds have destroyed the efficiency of the markets.
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Former GE CEO Jeff Immelt Buys Up Bloom Energy Stock
Jeff Immelt bought $1 million of shares of hydrogen fuel-cell maker Bloom Energy. Immelt joined the company’s board in November.
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General Electric Is A Puzzlingly Popular Robinhood Stock
General Electric Company is the 2nd most popular stock on Robinhood, the favorite trading platform of Millennials, and provides commission-free stock, option, ETF and cryptocurrency trades, and no minimum account balances.
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Why a Turnaround in General Electric Looks Ready to Begin a Double Today
A successful turnaround has been stymied in 2020, but a recovery off and on the price chart and above-average returns are ready for today’s GE stock investors The post Why a Turnaround in General Electric Looks Ready to Begin a Double Today appeared first on InvestorPlace. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG America’s #1 Stock Picker Reveals His Next 1,000% Winner Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company Radical New Battery Could Dismantle Oil Markets
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Hold On to General Electric and Hope for the Best
GE stock is stuck in a holding pattern as the novel coronavirus affected each of its business units. Wait until the storm clears to make it a buy.
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A flood of job losses looms as airline industry struggles in pandemic
A cascade of job losses loom for aviation amid the coronavirus pandemic as manufacturers work through cuts and airline aid is set to expire.
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Trian Fund Management cut stakes in P&G and other big holdings in Q2 -filing
Trian Fund Management said on Friday that it sold stakes in three of its biggest holdings, including Procter & Gamble Company , in the second quarter for portfolio management reasons and to free up cash to make new investments. The firm held 10.8 million shares in P&G at the end of the second quarter, down 65% from the 31 million shares it owned at the end of the first quarter, according to a regulatory filing. "The reduction by Trian of its holdings in P&G was primarily the result of sales of shares held by a fund managed by Trian that has a multi-year lockup period that expires this year," the firm said, adding that it "continues to be a large shareholder of P&G."
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General Electric Has Had Setbacks, But GE Stock Is Likely to Rise
With demand for flights climbing and investors starting to internalize the idea that a vaccine for the novel coronavirus will likely be available soon, the near-term outlook of General Electric (NYSE:GE) and GE stock is positive.Source: Sundry Photography / Shutterstock.com Meanwhile, the company's finances and its longer-term prognosis remain strong. As a result, I recommend that investors buy the shares at their current levels. GE Stock Aviation Unit Looks Poised for a Strong RecoveryOn GE's second-quarter earnings conference call, CEO Larry Culp reported that the number of flight departures in China was down just 9% year-over-year (YoY) as of July, while the number of flights in both Europe and the U.S. were 45% lower. Culp noted that demand for flights in Europe had been increasing since the beginning of July, while demand for tickets had been increasing in the U.S. "until very recently."InvestorPlace - Stock Market News, Stock Advice & Trading TipsThrough July, Aviaton's commercial unit sales had fallen 50% YoY in 2020, while the number of repairs it carried out had dropped 50% YoY and its contractual billings had tumbled 60% YoY. Culp said that the overall departures of planes serviced by the Aviation unit and a GE joint venture had declined 43% YoY. He noted that the metric was generally improving. * 8 Cheap Stocks to Keep on Your Short List Although those numbers are bad, it's worth noting that they are better than what most people had expected in March, April, and May. Moreover, demand for plane tickets is generally rebounding in the world's largest markets, and recently there was an important "green shoot" in the sector.Specifically, setting a record for the pandemic era, the number of people checked by the Transportation Security Administration exceeded 831,000 on Aug. 9. In June, the number of airline passengers nearly doubled versus May, the TSA reported. Finally, there were 16 days in July "in which checkpoint visits exceeded 700,000." Seven of the first nine days in August were above that level, up from zero such days in June.Finally, GE stock should continue to get a boost from the market's apparent acceptance of the idea that a vaccine for the coronaviorus is coming sooner rather than later. The market appears to have adopted that mindset in the wake of Russia's recent announcement that it had approved a vaccine for the virus. On the day that announcement was made, GE's shares jumped 4.2%.I continue to expect airline traffic to rebound tremendously as soon as a majority of Americans receive a coronavirus vaccine, and I expect that point to be reached by the end of this year. GE's Overall Financial Outlook Is StrongAs of the end of Q2, GE had $41 billion of cash overall, while its industrial segment had cash of $25.4 billion. Additionally, the conglomerate had access to $20 billion of credit. $15 billion of its near-term debt was refinanced and now will not be due until April 2023.Importantly, GE reiterated its target of reducing its overall industrial debt to 2.5 times EBITDA and predicted that its industrial free cash flow, boosted by cost-cutting, would be positive in 2021. It has lowered its overall debt by $22 billion since Jan. 2019 and by roughly $9 billion in 2020. Finally, GE still has a huge backlog of $381 billion, and its backlog actually rose 1% year-over-year.Given these points, I think it's clear that GE will certainly be able to survive until a vaccine is widely distributed or, in a less likely scenario, until the pandemic ends through the process of herd immunity. The Long-Term Outlook of GE's Other Businesses Remain UpbeatIn Q2, the company's Power, Renewables, and Healthcare units continued to underperform the expectations that I've had for them since the pandemic started. But that's largely because they've been more negatively affected by the pandemic than I had anticipated.Deferrals of medical procedures have been hurting Healthcare, while Power and Renewables have been negatively affected by the postponement of scheduled outages and site visits.But GE stated that cost-cutting measures are being implemented very quickly by its Healthcare unit, which has benefited from strong demand for products related to COVID-19. Once more medical procedures resume but many COVID patients are still being treated, the unit's performance should be quite strong.In Power, the sales of heavy duty gas turbines climbed YoY in Q2, while Renewables' wind turbine sales also increased. Encouragingly, GE reported that although global electricity use fell about 5% in Q2, "both gas-based electricity generation and GE gas turbine utilization were resilient" and actually increased YoY in June. Further, Power's contractual billings increased YoY in Q2.Moreover, GE's revenue from Gas Power equipment increased by a double-digit-percentage level YoY. On a negative note, Power's orders slid 84% YoY, driven "by constrained customer budgets and access to financing due to oil prices and economic slowdown," according to GE. But the conglomerate still anticipates that it will "deliver 45 to 50 heavy-duty gas turbine shipments in 2020 and execute 95% of the outages that were planned for the year."Gas Power generated an operating profit, while GE reported that "onshore wind market growth continues to be supported by international demand and the U.S. extension of the production tax credits." Specifically, "international onshore wind was a bright spot with orders up over 30% despite some delays in Europe as well," GE reported.Some of the Renewable unit's orders were "pushed to the second half due to financing and permitting delays related to COVID-19," GE stated.In general, although the Power and Renewable units could be hurt by government budgetary constraints and COVID-19 for the rest of the year, their fundamentals are strong and will likely improve over the longer term. That's because usage of gas and wind power are generally climbing, while those increases are likely to accelerate due to the increased electrification of transportation over the next decade. The Bottom Line on GE StockThe longer-term outlook of GE's fundamentals remains quite strong, while it has more than enough cash to survive the pandemic. In the short-term, the shares should benefit from increased optimism about the pandemic.Medium-term and long-term investors may want to buy a relatively small amount of the shares now and purchase more during a possible downturn of the stock market in the fall. In autumn, the pandemic could worsen in the weeks before a vaccine is widely disseminated.Larry Ramer has conducted research and written articles on U.S. stocks for 13 years. He has been employed by The Fly and Israel's largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015.  Among his highly successful, contrarian picks have been Plug Power, solar stocks, and Snap. You can reach him on StockTwits at @larryramer.  As of this writing, he owned shares of GE. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post General Electric Has Had Setbacks, But GE Stock Is Likely to Rise appeared first on InvestorPlace.
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General Electric Has Had Setbacks, But GE Stock Is Likely to Rise
GE stock is likely to be boosted in the shorter term by increased optimism about a COVID-19 vaccine and in the longer term by GE's strong fundamentals. The post General Electric Has Had Setbacks, But GE Stock Is Likely to Rise appeared first on InvestorPlace.
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Griffon Prices 8M Underwritten Public Common Share Offering
Griffon (GFF) prices 8-million common share offering. Proceeds raised will be used for debt reduction and other corporate purposes.
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Contrarians Should Consider Fallen Giant GE
If you can see the glass as half full in a dismal earnings report, you might find a rare bargain in beaten-down GE stock shares. The post Contrarians Should Consider Fallen Giant GE appeared first on InvestorPlace.
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Griffon (GFF) to Offer 8M Common Shares, To Pay Down Debts
Griffon (GFF) intends to offer 8 million common shares to the public in an underwritten offer. The funds raised will be used for debt reduction and other corporate purposes.
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COVID-19 Impacts: Automatic Power Factor Controller Market will Accelerate at a CAGR of over 4% through 2020-2024|Upgrading Industrial Facilities To Improve Energy Efficiency to Boost Growth|Technavio
The Global Automatic Power Factor Controller Market will grow by $ 782.87 mn during 2020-2024
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Berkshire Hathaway Inc. Cl A stock underperforms when compared to competitors despite strong trading day
Shares of Berkshire Hathaway Inc. Cl A inched 0.17% higher to $319,379.99 Tuesday, on what proved to be an all-around poor trading session for the stock...
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Avoid General Electric Until It Overcomes These Looming Problems
GE stock is in a tough spot after a nasty second quarter and the trend will continue until things improve with the aviation sector.
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O2Micro: Return To Profitability, Cheap Valuation And Hidden Treasure In The Balance Sheet (NASDAQ:OIIM)
O2Micro has benefited from the stay at home/work from home pandemic response. Cost cutting combined with improving sales has resulted in profitability.
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More Boeing Orders Canceled; Aviation Stocks Rally Despite 'Sputnik V' Risk
Boeing stock and other travel-related stocks climbed Tuesday after Russia announced it has a successful vaccine for the coronavirus.
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Avoid General Electric Until It Overcomes These Looming Problems
GE stock is in a tough spot after a nasty second quarter and the trend will continue until things improve with the aviation sector. The post Avoid General Electric Until It Overcomes These Looming Problems appeared first on InvestorPlace.
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Global Medical Ventilators Market (2018 to 2024) - Featuring Getinge, Hamilton Medical & Koninklijke Philips Among Others - ResearchAndMarkets.com
The
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SoftBank’s Fire Sale Doesn’t Redeem Masayoshi Son’s Strategy
(Bloomberg Opinion) -- The latest round of the SoftBank Group Corp. fire sale looks set to be a much-needed success for Chairman Masayoshi Son. But it’s not a validation of his strategy.Britain’s Aveva Group Plc. is in advanced talks to acquire OSIsoft LLC, an industrial software-maker backed by SoftBank, Bloomberg News reported on Friday. The deal would be a win for Son, whose strategy of writing big checks to invest in technology companies through his Vision Fund venture capital arm has faced mounting criticism, not least from activist investor Elliott Management Corp. The fund lost SoftBank almost $18 billion last year, whereas Elliott’s efforts to refocus attention on SoftBank’s other investments have prompted a recovery in the share price.OSIsoft is a bright spot. Son paid a little under $1 billion for a 45% stake in 2017 (the parent SoftBank company bought the initial stake, then it was lumped into the Vision Fund when that got off the ground). He’ll secure a 150% return on that investment if Aveva pays the reported $5 billion — pretty decent going.But that success also highlights the failings of so many other bets. When the Vision Fund poured billions of dollars into the likes of WeWork and Uber Technologies Inc., the aim was to give the start-ups a war chest they could use to undercut the competition on price. That would then squeeze out competitors, allowing them to raise prices and finally make a profit. So far, the vision has failed to pay off: Uber and WeWork alone accounted for write-downs of $9.8 billion for the fund last year. The OSIsoft investment was different. SoftBank did not inject any new capital into the business, but instead bought the stake from existing investors. While that gave J. Patrick Kennedy, OSIsoft’s founder and chief executive officer, cover to reinvest profits in growth, it didn’t make the California-based company a bully boy with the funds to push others out of business. Such a strategy would have been unwise: Competitors include the likes of General Electric Co., Siemens AG and Robert Bosch GmbH — industrial giants with pockets deep enough to compete in a price war.It was a classic late-stage venture bet on a company with good technology in a fast-growing niche — in this case, the collection and analysis of data from industrial machinery.For Aveva, acquiring OSIsoft is likely to require some inventive financing. The Cambridge-based company, which has an enterprise value of 7.4 billion pounds ($9.6 billion), can’t fund a deal from its current balance sheet, with just 114 million pounds of cash.Based on optimistic assumptions about the firms’ combined earnings, Aveva is also unlikely to raise more than 1 billion pounds in debt, since enterprise software companies can typically sustain debt representing only about double their Ebitda, an earnings measure. To fund the rest of the proposed $5 billion deal, Aveva can either offer stock, sell new equity or both.Schneider Electric SE, the French industrial company that owns 60% of Aveva, probably won’t want to dilute its stake, since software is a key leg of its growth strategy. That makes offering OSIsoft’s owners stock in the new company, which would entail such a dilution, less likely than a capital increase in which Schneider could buy some of the new shares.Were Aveva to seek 3.5 billion pounds by offering new equity, Schneider could readily participate: It has both 5 billion euros ($5.9 billion) of cash and headroom to raise more debt of its own. And Aveva could still offer a small slice of equity to OSIsoft’s Kennedy to keep him personally invested in the combined firm.There’s a risk that Son will point to investments such as OSIsoft as evidence of the Vision Fund’s merits, particularly if he resurrects efforts to raise a follow-up to the $100 billion fund. Investors would do well to remember that savvy technology bets can be more lucrative than trying to price out the competition.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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Berkshire Hathaway Inc. Cl A stock outperforms market on strong trading day
Shares of Berkshire Hathaway Inc. Cl A rose 1.43% to $318,830.00 Monday, on what proved to be an all-around positive trading session for the stock market,...
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Warren Buffett: We Sell When the Fundamentals Have Changed
Buffett's advice from 2009 on when to buy and sell stocks Continue reading...
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After 150 days of the COVID-19 pandemic, here are the best- and worst-performing stocks
The tech sector is still in the lead, but consumer-discretionary group trails only slightly.
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A Big Fund Manager Sold Berkshire, Verizon and GE Stock. It Bought This Chip Stock.
Royal London Asset Management reduced positions in Berkshire Hathaway, Verizon, and GE stock in the second quarter. It substantially raised its investment in shares of chip giant Texas Instruments.
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Insights on the Surgical Imaging Global Market to 2026 - Detailed and Extensive Market Overview with Key Analyst Insights - ResearchAndMarkets.com
The
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Q3 2020 Earnings Estimate for General Electric (NYSE:GE) Issued By William Blair
General Electric (NYSE:GE) – William Blair boosted their Q3 2020 earnings per share (EPS) estimates for General Electric in a research report issued to clients and investors on Monday, August 3rd. William Blair analyst N. Heymann now expects that the conglomerate will post earnings per share of ($0.02) for the quarter, up from their previous […]
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Why Shares of General Electric Fell 11.1% in July
The promised turnaround isn't coming soon enough for Wall Street.
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Mistakes with identities have dismayed our readers – and prompted change | Elisabeth Ribbans
When a picture of Kano was used in place of Wiley, readers asked to know how it happened – and how it can be prevented, says Guardian and Observer global readers’ editor Elisabeth Ribbans
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A Big Pension Bought GE, Merck and Intel Stock. It Sold This Biotech.
The State of Michigan Retirement System bought more General Electric, Merck, and Intel stock in the second quarter, and sold most of its investment in biotech stock Gilead Sciences.
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Big Tech: Why Opportunities Are Gone And Where To Find Alpha Next
As a consequence of an unprecedented run into big tech names after their recent blow-out quarter, FAAMG's annual stock return reached 65%.
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A Huge Pension Sold Apple, Microsoft and GE Stock. It Bought This Biotech.
The largest fund in New Jersey’s embattled pension sold Apple, Microsoft, and GE stock in the second quarter. It also initiated a stake in biotech Moderna.
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July Jobs Report: Better Than Expected, Better Than Feared
Nonfarm payrolls rose and the unemployment rate fell, but the pandemic-pummeled market is far from healed. Plus, investment newsletter commentary on market concentration, Taiwan’s economy, earnings surprises, and the Fed.
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How Tim Cook Made Apple His Own
The industrial engineer has turned Steve Jobs’s creation into a corporate colossus, delivering one of the most lucrative business successions in history.
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CleanSpark: Microgrid Industry Play Could See A Minimum Of 1,000% Growth By 2035 (NASDAQ:CLSK)
CleanSpark, Inc. is a $100 million market cap company creating groundbreaking microgrid solutions.
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Sleep Apnea Diagnostic And Therapeutic Devices Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Increasing Prevalence Of Sleep Apnea Disorders to Boost the Market Growth | Technavio
The Global Sleep Apnea Diagnostic and Therapeutic Devices Market will grow by $ 2.62 bn during 2020-2024
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Nelson Peltz's Trian Trims Its GE Stake. Can You Blame It?
(Bloomberg Opinion) -- The aerospace sector is headed for “a slow, multi-year recovery,” General Electric Co. Chief Executive Officer Larry Culp warned on last month’s second-quarter earnings call. There’s nothing unique about that view: Boeing Co. has said it will take about three years for air-travel demand to recover to 2019 levels; Raytheon Technologies Corp. is targeting 2023; and the International Air Transport Association recently pushed back its timeline for a recovery to 2024.The slump is particularly painful for GE, though. Unlike many of its rivals in the market for airplane production, it was already in the middle of a multi-year turnaround before the pandemic hit. The news that influential shareholder Trian Fund Management  — led by Nelson Peltz — is trimming its position in the industrial giant should be viewed in that context.Trian cut its stake in GE by 46% during the last week to just over 32 million shares, according to regulatory filings. The sale was for “portfolio management purposes, including to provide for new positions,” Trian said in an emailed statement. Even with the divestiture, the fund remains relatively high up on GE’s shareholder register and chief investment officer Ed Garden will continue to serve on GE’s board. So Trian is hardly abandoning the investment, nor has it given up hope of a recovery. “Trian is highly supportive of GE CEO Larry Culp and his team’s restructuring efforts and focus on creating long term value,” the fund said. Still, it’s a tough time to be selling.GE shares are down more than 40% this year, compared with a nearly 4% gain for the S&P 500 Index. Trian’s average price for the sales was just over $6, a nearly 75% discount to the mid-$20 range where GE was trading during the month leading up to the fund’s October 2015 announcement of its investment.Back then, Trian argued the market wasn’t appreciating the “bold steps” that former CEO Jeff Immelt had taken to reshape the company and touted the “defensive growth” profile. By improving operating margins and adding $20 billion of debt to help fund share buybacks, the stock could trade for $40 to $45, Trian argued. It never came close.GE has since been bogged down by tens of billions in writedowns, with the brunt tied to a steep funding shortfall in its long-term care insurance business and an ill-timed acquisition of Alstom SA’s power business that increased the company’s position in the gas turbine market just as demand began to rapidly deteriorate. Immelt’s replacement, John Flannery, was pushed out and Culp took his place in late 2018. Buybacks are out of the question, with the company having instead spent the past few years doing everything it can to reduce a debt load that became untenable as the power business burned through cash.Culp was just starting to show progress on a turnaround of the embattled power unit when the pandemic arrived, with the high-margin and cash-flow generating pharmaceutical diagnostics and aviation units getting crushed the hardest. The company has recorded a cash outflow of more than $4 billion so far in 2020 and Culp was hesitant to give a firm commitment to a positive number for the second half of the year, which is typically when GE makes most of its money. Will GE survive the crisis? Yes, and it’s to Culp’s credit that’s the case. He has aggressively cut costs, accelerated asset sales and generally done a much better job fixing this massive enterprise than critics like myself thought was possible when he started. But what will the company look like on the other side of this?Siemens Healthineers AG’s announcement of a $16 billion purchase of cancer radiotherapy company Varian Medical Systems Inc. earlier this week speaks to the risk of missed opportunities. The Varian deal is pricey and risky with hospitals cutting their budgets to adapt to the pandemic. But the combination of Siemens Healthineers’ diagnostics expertise and Varian's treatment technology is strategically intriguing over the long haul and the takeover could end up being opportunistic. In a different world, this deal might have been GE’s to lose. After all, the CEO of Varian is a former GE Healthcare executive. As it is, the company is effectively side-lined from any kind of major M&A for the foreseeable future.Culp likes to talk about getting GE to a place where it can “play offense.” But the timeline for doing that has been pushed out indeterminately by the pandemic. In the meantime, there are more attractive places that both Trian and other investors can put their money. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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Berkshire Hathaway Inc. Cl A stock outperforms market on strong trading day
Shares of Berkshire Hathaway Inc. Cl A inched 0.74% higher to $307,454.95 Thursday, on what proved to be an all-around favorable trading session for the...
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Trian Sold a Whole Lot of GE Stock — Again
Trian sold 11.6 million shares of General Electric stock this week, right after Nelson Peltz’s fund had already made a block of separate sales of about 15.6 million shares, according to SEC filings.
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COVID-19 May Fix GE's Long-Term Care Problem (NYSE:GE)
In early 2018, GE took a $9.5 billion pre-tax charge and announced that it would have to add nearly $15 billion to its long-term care insurance reserves by 2024.
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5 Beaten-Down Industrial Stocks Now Look Like Recession-Bin Bargains
As a group, industrial sector stocks have had a tough 12 months. Shares traded down by about 4.5% over that period and by about 2.5 times that much for the year to date.
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Vodafone Looks to Recharge Its Growth. What That Means for the Stock.
Vodafone’s cost-cutting plan, upcoming asset disposals, and a spike in demand for data could mean that the shares have bottomed out
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COVID-19 May Fix GE's Long-Term Care Problem
COVID-19 May Fix GE's Long-Term Care Problem
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Global $25.18 Bn Industrial Automation Control Market, 2020-2024 - ResearchAndMarkets.com
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Activist Investor Who Pushed GE Breakup Now Has Half Initial Stake
Trian Fund Management sold a portion of its stake in the restructuring industrial giant, which continues to look for a turnaround.
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Nelson Peltz’s Trian Sells a Chunk of GE Stock. Here’s Why.
The activist investor, long a GE shareholder, now holds a bit less than half of its original stake.
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Nelson Peltz’s Trian Sells a Chunk of GE Stock. Here’s Why.
The activist investor, long a GE shareholder, now holds a bit less than half of its original stake.
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Activist Investor Who Pushed GE Breakup Now Has Half Initial Stake
Trian Fund Management sold a portion of its stake in the restructuring industrial giant, which continues to look for a turnaround. The post Activist Investor Who Pushed GE Breakup Now Has Half Initial Stake appeared first on Investor's Business Daily.
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Healthcare IT Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Need for Automation Across Departments to Boost Market Growth | Technavio
The Global Healthcare IT Market will grow by USD 95.98 bn during 2020-2024
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Berkshire Hathaway Inc. Cl A stock rises Tuesday, outperforms market
Shares of Berkshire Hathaway Inc. Cl A inched 0.51% higher to $300,330.00 Tuesday, on what proved to be an all-around positive trading session for the stock...
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GE's earnings were 'optically abysmal,' but the stock is a buy, William Blair says
The firm reiterated its outperform rating on the stock after General Electric missed earnings estimates for the second quarter.
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9 Top Robinhood Stocks You May Want to Avoid Here
Many Robinhood stocks have soared as money flooded in at March lows. But the platform's investors have these nine names wrong.
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COVID-19 Impacts: Pumps Market for Oil and Gas Industry will Accelerate at a CAGR of almost 4% through 2020-2024 | Growing Need for Energy-Efficient Pumps to Boost Growth | Technavio
The Global Pumps Market for Oil and Gas Industry will grow by USD 2.23 bn during 2020-2024
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FAA Releases Long-Awaited Review Of Boeing 737 Max Return To Service
Regulators released a preliminary review of the Boeing 737 Max Monday, a key step before the grounded jet can return to service.
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Berkshire Hathaway Inc. Cl A stock outperforms competitors on strong trading day
Shares of Berkshire Hathaway Inc. Cl A rallied 1.76% to $298,800.00 Monday, on what proved to be an all-around positive trading session for the stock market,...
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The Boeing 737 MAX Can Generate Cash for Airlines In Unexpected Ways
The German tourism company TUI is saving money by selling Boeing 737 MAX jets and leasing them back.
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GE’s Challenges May Be Multiyear, but Opportunities May Be Overlooked
Some companies see their shares do incredibly well after their earnings reports. General Electric Co.
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Here Are the Top 10 Most Popular Stocks on Robinhood
Stocks are America's favorite investment. More Americans believe investing in the stock market is a better option than investing in real estate over the next decade, according to a new study by Bankrate. The commission-free stock-trading platform allows new and experienced investors alike to quickly and cost-effectively invest in their favorite companies.
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Big Tech Faithful Shouldn’t Ignore Antitrust Risk
(Bloomberg Opinion) -- Monopoly power is a good gig if you can get it. The trouble is keeping lawmakers from knocking on your door. Tech titans Apple Inc., Amazon.com Inc., Facebook Inc. and Google parent Alphabet Inc. managed to do just that until last week, when a House subcommittee summoned the chief executive officers of the four companies. Lawmakers took a dim view of the tech giants’ grip on their respective industries. “These companies as they exist today have monopoly power,” said Representative David Cicilline of Rhode Island, who leads the House investigation into the companies. His prescription: “Some need to be broken up, all need to be heavily regulated.” The sentiment appeared to be shared widely.As a matter of public policy, the issue is relatively straightforward. Monopolies are trouble, which is why antitrust laws are designed to stop them. They have the power to raise prices and thereby stifle demand. They often turn into big, lazy, unwieldy bureaucracies that have little incentive to innovate or look after customers, workers and suppliers. And perhaps most problematic, they can use their money and influence to seize political power, making it more difficult to dislodge them.   There’s little disagreement that Apple, Amazon, Facebook and Google pose such a threat. Apple controls nearly half the U.S. smartphone market and dominates the distribution of apps; Amazon all but controls e-commerce; Facebook rules social media; and Google  has a firm grip on internet search and online advertising. It’s difficult to overstate their power. The four companies make up just 0.8% of the S&P 500 Index by number, and yet they account for 6.1% of its total revenue, 8.9% of its earnings and 16.8% of its market value. For investors, the issue is a bit more complicated. Monopolies are impregnable money-minting machines, so everyone wants a piece of them. It’s no accident that Apple, Amazon, Alphabet and Facebook  are four of the seven biggest companies in the world by market value. Nor is it surprising that their profits have trickled down to shareholders. An equal investment in the four tech giants since Facebook — the youngest of the bunch — went public in 2012 has produced a return of 31% a year, including dividends, more than double the return from the S&P 500 over the same period.  It turns out they’re not alone. Stocks of highly profitable companies tend to beat the market. Shares of the most profitable 30% of U.S. companies, sorted on return on equity and weighted by market value, outpaced the S&P 500 by 1.6 percentage points a year from July 1963 through June, according to the longest data series compiled by Dartmouth professor Ken French. And they did so with roughly the same amount of volatility as the broad market, as measured by standard deviation, a common proxy for risk.Astonishingly, the odds of capturing this profitability premium favored investors regardless of the holding period. Shares of the most profitable companies outpaced the market 65% of the time over rolling one-year periods, 76% of the time over three years, 83% over five years and a whopping 93% over 10 years, counted monthly.But markets aren’t supposed to work this way. You shouldn’t be able to reliably beat the market using widely available information without taking more risk. One explanation for the profitability premium is that investors are rubes: They don’t pay attention to profitability when picking stocks, or worse, they errantly favor less-profitable companies, allowing more cunning investors to exploit their mistakes. That seems unlikely. Profitability has long been a key feature of security analysis. More recently, there has been a proliferation of indexes, and funds tracking them, that pick or weight stocks based in part on profitability. And as the market value of Apple, Amazon, Alphabet and Facebook show, their shares are hugely popular.  A more plausible explanation is that the profitability premium is compensation for the risk that today’s profits will evaporate tomorrow. Highly profitable companies rarely maintain the same level of profitability. More often, competition squeezes it away or, as in the case of Apple and its cohorts, the competition is crushed or acquired, resulting in greater market share and profitability but also inviting lawmakers and regulators to step in.Microsoft Inc.’s antitrust entanglement with the government in the late 1990s is instructive. Bill Gates and Paul Allen founded the company in 1975, and by the early 1990s, most personal computers ran Microsoft’s operating system, first MS-DOS and then Microsoft Windows. In August 1997, the company became the second largest in the U.S. by market value, behind only General Electric. A year later, in May 1998, the U.S. Department of Justice and 20 U.S. states sued Microsoft, accusing it of attempting to illegally protect and extend its monopoly by undermining competitors. By the time the case was argued in early 2001, much of the evidence against Microsoft had spilled into public view. Although profits continued to grow, the legal and regulatory scrutiny around the company clouded its future, and shareholders paid the price. The stock returned a negative 4% from May 1998 to December 2000, even as the Nasdaq Composite Index and the S&P 500 returned 33% and 23%, respectively, over the same time. Several months later, a federal court found that Microsoft had violated federal antitrust laws.  As it turned out, of course, Microsoft has maintained its status as a tech powerhouse. Today, its market value is second only to Apple among U.S. stocks, and shareholders who stuck with the company through its antitrust battles have been richly rewarded. Microsoft has returned 27% a year since it went public in 1986, compared with 11% and 10% a year for the Nasdaq and S&P 500, respectively. But that was far from a foregone conclusion when Microsoft was in the government’s crosshairs. And if lawmakers, regulators or prosecutors muster the will to go after Apple, Amazon, Facebook or Alphabet, their shareholders should prepare for more paltry returns and perhaps worse. For now, investors don’t seem worried that the tech titans are in danger. All four of their stocks were higher after the hearing than before. And all four companies reported financial results that beat analysts’ expectations a day after the hearing, no doubt emboldening their shareholders. Still, Big Tech’s faithful should bear in mind that monopolies are only as durable as a government that tolerates them. The profitability they enjoy, and the skyrocketing stock prices that accompany it, are no free lunch. They’re payment for the risk that lawmakers are more serious about breaking up or regulating the tech titans than investors seem to believe.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nir Kaissar is a Bloomberg Opinion columnist covering the markets. He is the founder of Unison Advisors, an asset management firm. He has worked as a lawyer at Sullivan & Cromwell and a consultant at Ernst & Young. For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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Things Just Keep Going from Bad to Worse for GE Stock
While GE stock looked promising back in January, the pandemic will likely weigh on airlines and GE's aviation business well into the future. The post Things Just Keep Going from Bad to Worse for GE Stock appeared first on InvestorPlace.
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This $16 Billion Deal Takes Two Leaps of Faith
(Bloomberg Opinion) -- The aspiration for the biggest medical deal of the year is commendable — to transform cancer treatment so sufferers can live longer and better lives. In pursuit of this goal, German diagnostics group Siemens Healthineers AG has agreed to pay a high price to acquire U.S. radiotherapy specialist Varian Medical Systems Inc.Covid-19 has displaced existing medical priorities this year. Cancer hasn’t gone away, but spending on the technology used to treat it has, at least temporarily. With elective procedures pushed out to make space for coronavirus patients, and hospitals spending heavily on safety measures, Varian’s underlying revenue fell by 19% in its most recent quarter. A 14% decline in orders for its oncology systems division was a troubling indication of the future trajectory.It’s the same challenge everywhere. Siemens Healthineers isn’t replacing its order backlog at the same rate it’s making shipments to customers. The company, whose controlling shareholder is industrial group Siemens AG, points to an “investment reluctance” caused by the pandemic. Rival General Electric Co. recently warned of a challenging environment for its health-care business.That backdrop may explain why Varian was willing to consider an all-cash takeover by Siemens Healthineers even though its stock had bounced from its March lows and was approaching pre-pandemic levels.Strategically, the deal marks a new departure in marrying diagnostics with treatment. The thinking is that customers will benefit from a having a company that provides the kit for both, and that research and development will become more productive.But financially, this is an expensive transaction despite a seemingly low 24% takeover premium. Strip out Varian’s small amount of net cash and the deal will cost about $16 billion. Varian’s operating profit is forecast to be around $600 million in its 2021 financial year when the deal would complete. That would imply a paltry 3% post-tax return on investment initially. Siemens Healthineers investors will want returns to climb to double or high single-digits.Two leaps of faith are needed. One, that Varian’s performance is going to markedly recover from this depressed level. That could happen if a recent investment phase starts to bear fruit. And two, that Siemens Healthineers can deliver on a promised 300 million-euro ($353 million) profit boost from the deal. But this will take until 2025 to fully materialize. Only about one-third of it comes from cost savings. The bulk is revenue synergies — a challenge to achieve in any transaction.While hospitals may see an initial spike in medical procedures from a loosening of lockdown restrictions, the longer-term trend is complicated by a potential resurgence in coronavirus cases. Patients could delay procedures due to changes in employment and insurance coverage, according to a report last month from Bloomberg Intelligence analyst Glen Losev. He expects it to take a year for demand for medical procedures to return to prior levels. Hospitals will struggle to make significant investments in the foreseeable future.The acquisition cash is being provided by a cheap bridge loan from Siemens AG. That will eventually be refinanced by a share sale by Healthineers, in which Siemens will be diluted. The structure means the buyer can do this transaction without immediately relying on the debt or equity markets. That’s just as well. Investors will need to look beyond the current crisis to get behind this deal.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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Weekly S&P 500 ChartStorm - The Big Trouble In Big Tech
This week we check in on the monthly stats, finding that the S&P500 chalked up a new all time high on a month-end basis.
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Negative August Seasonality And Charts To Watch In Markets Now
Market Overview Analysis by Callum Thomas covering: S&P 500, Bank of America Corp, Microsoft Corporation, Cisco Systems Inc. Read Callum Thomas's latest article on Investing.com
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Better Buy: GE vs. Suburban Propane Partners | The Motley Fool
General Electric is in turnaround mode, while Suburban Propane is consolidating a tiny energy niche. Is either a good choice today?
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GE Competitor Siemens Healthineers Makes Blockbuster Acquisition
Siemens Healthineers is buying Varian Medical Systems in a $16 billion merger, marrying health-care diagnostics with therapies.