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General Electric Company

General Electric Company (GE)

175.53
-4.59
(-2.55%)
Closed March 28 04:00PM
175.70
0.26
(0.15%)
After Hours: 07:59PM

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Key stats and details

Current Price
175.70
Bid
-
Ask
-
Volume
9,658,949
174.33 Day's Range 179.97
92.56 52 Week Range 180.36
Market Cap
Previous Close
180.12
Open
179.95
Last Trade
28
@
175.5
Last Trade Time
Financial Volume
$ 1,695,571,896
VWAP
175.5441
Average Volume (3m)
6,060,233
Shares Outstanding
1,088,334,304
Dividend Yield
0.18%
PE Ratio
20.80
Earnings Per Share (EPS)
8.44
Revenue
69.54B
Net Profit
9.19B

About General Electric Company

GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel, precision health, and in the energy transition. The company is known for its differentiated technology and its massive in... GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel, precision health, and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, onshore and offshore wind turbines, as well as medical diagnostic and mobile equipment. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by former Danaher alum Larry Culp who is leading a multi-year turnaround of the storied conglomerate based on Lean principles. Show more

Sector
Electrical Machy, Equip, Nec
Industry
Electrical Machy, Equip, Nec
Website
Headquarters
Norwalk, Connecticut, USA
Founded
1970
General Electric Company is listed in the Electrical Machy, Equip sector of the New York Stock Exchange with ticker GE. The last closing price for General Electric was $180.12. Over the last year, General Electric shares have traded in a share price range of $ 92.56 to $ 180.36.

General Electric currently has 1,088,334,304 shares outstanding. The market capitalization of General Electric is $191.04 billion. General Electric has a price to earnings ratio (PE ratio) of 20.80.

GE Latest News

Walgreens Slashes Annual Profit Forecast; MillerKnoll Nosedives 17% on Bleak 4Q Outlook, and Latest News

JPMorgan Chase (NYSE:JPM) – JPMorgan Chase is looking to expand its wealth management and attract more investors by introducing the Wealth Plan tool to its 54 million Chase retail clients...

GE Vernova and Solventum Set to Join S&P 500; Dentsply Sirona to Join S&P MidCap 400; Others to Join S&P SmallCap 600

GE Vernova and Solventum Set to Join S&P 500; Dentsply Sirona to Join S&P MidCap 400; Others to Join S&P SmallCap 600 PR Newswire NEW YORK, March 27, 2024 NEW YORK, March 27, 2024...

Apple & Google in Talks for Gemini AI on iPhone, Nvidia’s GTC Conference Today, and Latest News

Apple (NASDAQ:AAPL) – Apple is in discussions with Google to integrate Gemini AI into the iPhone. Additionally, it is considering a partnership with Microsoft and OpenAI for generative...

Intel Loses Pentagon Funding, Shell Plans 20% Business Team Reduction, and Latest News

Intel (NASDAQ:INTC) – The Pentagon has decided not to proceed with a plan to allocate up to $2.5 billion in chip subsidies to Intel, shifting the responsibility to another federal agency...

Sam Altman Rejoins OpenAI Board; Coinbase, MicroStrategy Surge Pre-Market Amidst Bitcoin’s Latest Milestone

OpenAI – Sam Altman, CEO of OpenAI, returns to the board along with three new directors, following a WilmerHale investigation into his dismissal last November. The company has strengthened...

Form 8-K - Current report

0000040545false00000405452024-03-072024-03-070000040545us-gaap:CommonStockMember2024-03-072024-03-070000040545ge:A0.875NotesDue2025Member2024-03-072024-03-070000040545ge:A1.875NotesDue2027Member202...

GE Aerospace Hosts 2024 Investor Day

GE Aerospace reaffirms guidance and presents longer-term financial outlook, including achieving ~$10B of operating profit* in 2028 Consistent profit and free cash flow* growth enabling continued...

GE Vernova Hosts 2024 Investor Day

GE Vernova operationally and financially ready to spin off from GE on April 2 GE Vernova reaffirms 2024 financial guidance, presents its 2025 financial guidance and outlook by 2028 Building...

Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.690.394263184961175.01180.36172.39696168371176.59612485CS
419.7112.6354253478155.99180.36155.17357155168.18236873CS
1251.441.3515687852124.3180.36124.176060233150.62853562CS
2664.6458.2027732757111.06180.36105.535332869133.9494582CS
5282.3288.15592203993.38180.3692.565178256120.42827372CS
15695.13820972118.09346513980.56179028180.3646.781358681249035484.25067743CS
260113.49880379182.47045186562.20119621180.3634.223148124028194561.18531747CS

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GE Discussion

View Posts
oilin07 oilin07 1 day ago
Letssssss go!
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Monksdream Monksdream 1 day ago
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

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oilin07 oilin07 1 week ago
Ive been buying this monthly for 10 years! Finally paying off big time!
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oilin07 oilin07 3 weeks ago
Buyback is massive. Easy $200+
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Monksdream Monksdream 3 weeks ago
GE new 52 week high
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Cynmark24 Cynmark24 3 weeks ago
Try parabolic!
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oilin07 oilin07 3 weeks ago
Strong
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Monksdream Monksdream 3 weeks ago
GE new 52 week high
👍️0
oilin07 oilin07 3 weeks ago
Solid
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pepeoil pepeoil 4 weeks ago
Yep, makin cash here baby
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Monksdream Monksdream 4 weeks ago
GE new 52 week high
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Monksdream Monksdream 1 month ago
GE new 52 week high
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oilin07 oilin07 1 month ago
Heading to $170
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katiesdad7 katiesdad7 1 month ago
Snake oil for the gullible. Lol
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pepeoil pepeoil 1 month ago
You should have followed pepedaddy. I make money while others talk chit
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pepeoil pepeoil 1 month ago
Steady making bank here. I tode you boys
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oilin07 oilin07 2 months ago
This has finally paid off holding this for about 10 years!
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Monksdream Monksdream 2 months ago
GE new 52 week high
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DiscoverGold DiscoverGold 2 months ago
$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.



Read Full Story »»»

DiscoverGold
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DiscoverGold DiscoverGold 2 months ago
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.

Read Full Story »»»

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oilin07 oilin07 3 months ago
$150 here we come
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pepeoil pepeoil 3 months ago
This one is a head scratcher man. Now what?
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DiscoverGold DiscoverGold 3 months ago
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!



Read Full Story »»»

DiscoverGold
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Monksdream Monksdream 3 months ago
GE new 52 week high
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DiscoverGold DiscoverGold 3 months ago
$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.





Read Full Story »»»

DiscoverGold
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pepeoil pepeoil 3 months ago
Nice bruh, we love this one
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Monksdream Monksdream 3 months ago
GE new 52 week high
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oilin07 oilin07 4 months ago
Target $150.00
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DiscoverGold DiscoverGold 4 months ago
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.

Read Full Story »»»

DiscoverGold
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pepeoil pepeoil 4 months ago
what is the tarnation are you talking about?
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TrendTrade2016 TrendTrade2016 4 months ago
THE JOCKEY..FOLLOW THE LEADER..THATS HOW HE DOES IT
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pepeoil pepeoil 4 months ago
whaaatt?
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TrendTrade2016 TrendTrade2016 4 months ago
YUP...COMPLETE FOLLOW OTHERS...THATS ALL HE KNOWS!!!
🖕 1 🤡 1
pepeoil pepeoil 4 months ago
Yep, got in this at about $110 and hope the run continues. Lesss gooooo GEEEEEEEEEEEE.
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ernie44 ernie44 4 months ago
going for broke with Candy

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Monksdream Monksdream 4 months ago
GE new 52 week high
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Monksdream Monksdream 4 months ago
GE new 52 week high
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DiscoverGold DiscoverGold 4 months ago
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.

Read Full Story »»»

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Monksdream Monksdream 4 months ago
GE new 52 week high
👍️ 1
oilin07 oilin07 4 months ago
Looking great
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DiscoverGold DiscoverGold 5 months ago
$GE Larger ~ 1.30 million shares at $112.68 #darkpool print ~ 27% of 30D Avg Vol
By: FLOWrensics | October 25, 2023

• $GE Larger #darkpool print ~ 1.30 million shares at $112.68 ~ 27% of 30D Avg Vol.



Read Full Story »»»

DiscoverGold
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DiscoverGold DiscoverGold 5 months ago
General Electric (GE) surges on another strong beat-and-raise quarter driven by aerospace
By: Investing | October 24, 2023

General Electric (NYSE:GE) gained 6% in early trading Tuesday following another beat and raise quarter.

Total adjusted revenues for the third quarter rose 18% organically to $16.5 billion, topping the consensus of $15.42 billion. Adjusted EPS was $0.82, well above the consensus of $0.56.

GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. said, "GE delivered another quarter of very strong results with double-digit growth in revenue, profit, and cash. At GE Aerospace, we continue to experience rapid growth driven by robust demand and solid execution, largely in Commercial Engines and Services. At GE Vernova, our Grid and now Onshore Wind businesses were both profitable this quarter and we expect their performance to continue to improve. With our two largest Renewable Energy businesses delivering and Power's continued strength, we remain highly confident in GE Vernova's spin-off next year."

GE also raised full-year 2023 guidance.

The company sees adjusted EPS for 2023 of $2.55-$2.65, versus the prior outlook of $2.10-$2.30 and the consensus of $2.36. The company sees organic revenue growth in the low teens, versus the prior outlook of low-double-digit. In addition, they see free cash flow of $4.7-$5.1 billion, versus the prior guidance of $4.1-$4.6 billion.

Culp concluded, "Based on our year-to-date results and continued momentum in the fourth quarter, GE is raising full-year 2023 guidance. We're well-positioned to launch GE Aerospace and GE Vernova as independent companies in the beginning of the second quarter. I'm more excited than ever about our path ahead."

Further, the company announced that it plans to spin off GE Vernova and launch GE Aerospace at the beginning of the second quarter of 2024, subject to final approval from the GE Board of Directors and other customary conditions. GE Vernova will be listed on the NYSE under the ticker symbol "GEV," and GE Aerospace will continue GE’s listing on the New York Stock Exchange under the ticker symbol “GE."

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DiscoverGold DiscoverGold 5 months ago
GE's Q3 2023 earnings outlook buoyed by aerospace and power sectors
By: Investing | October 16, 2023

General Electric (NYSE:GE) is set to announce its Q3 2023 results on Tuesday, October 24, with expectations of a strong performance in the commercial aerospace sector and growth in LEAP engine deliveries. According to the company's previous records, it is predicted to report a 17.5% year-over-year revenue increase in the Aerospace segment.

InvestingPro data shows that GE has a market cap of 118.32B USD and a P/E ratio of 12.62. The company's revenue growth for LTM2023.Q2 is recorded at 23.24%, with a gross profit of 20.02B USD. These figures underscore the company's robust financial health and potential for continued growth.

The company has a history of surpassing earnings estimates, with an average beat of 35.4% in three out of four previous quarters, indicating potential for a positive outcome this quarter as well. This aligns with the InvestingPro Tip that GE has strong earnings, which should allow management to continue dividend payments, a practice the company has maintained for 53 consecutive years.

In addition to the aerospace sector, GE's Power segment is anticipated to show strength, backed by the heavy-duty gas turbine services of GE Gas Power and the gas turbine business. The acquisition of Nexus Controls has enabled the development of a unified controls business line for GE’s proprietary Mark Vle controls systems platform, adding further potential for growth in this segment.

The acquisition of Greenbird Integration Technology AS is expected to enhance GE's GridOS capabilities for seamless system connectivity and data integration across the grid. This could positively influence the company's Q3 performance. Adjusted earnings are projected to rise by an impressive 60% year-over-year, which is consistent with the InvestingPro Tip that GE's net income is expected to grow this year.

GE’s Q3 results could face some headwinds due to challenges like raw material cost inflation and forex issues. Forex problems are specifically predicted to cause an 18.7% revenue decline compared to the same quarter last year. Yet, it's worth noting that GE operates with a moderate level of debt and generally trades with low price volatility, as per InvestingPro Tips.

In parallel with GE's earnings release, other companies such as Emerson (NYSE:EMR) Electric Co., set to release Q4 fiscal 2023 results on Monday, October 30, and Ingersoll Rand (NYSE:IR) Inc., unveiling Q3 2023 results on Wednesday, November 1, are also anticipated to surpass earnings estimates during this reporting cycle.

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DiscoverGold DiscoverGold 6 months ago
General Electric (GE) shares surge on positive cash flow news and restructuring updates
By: Investing.com | September 14, 2023

Shares of General Electric (NYSE:GE) closed at $115.65 on Thursday, marking the second-highest closing price in the past year, influenced by positive cash flow news and favorable overall market conditions. The S&P 500 and Dow Jones Industrial Average also saw increases of 0.8% and 1%, respectively.

The company's CFO, Rahul Ghai, noted that GE's aerospace sector has been performing well and that the renewables and power sectors are on track. This robust performance is expected to contribute towards the higher end of GE's third-quarter earnings per share (EPS) and free cash flow guidance. The projected third-quarter EPS ranges between 45 cents and 55 cents, with Wall Street analysts predicting the upper limit of this range.

The free cash flow for the third quarter of last year stood at approximately $1.2 billion, while projections for this year's third quarter are around $900 million. This positive outlook has been a significant factor in the recent surge in GE's share price.

In terms of restructuring, GE has provided updates on its plan to spin off its power generation business, GE Vernova. The company aims for Vernova to become independent in early 2024, starting its operations with more cash than debt and an investment-grade credit rating.

Post-separation, three businesses will emerge: GE Aerospace led by Larry Culp, GE Vernova under the leadership of Scott Strazik, and GE HealthCare Technologies managed by Peter Arduini. It's worth noting that GE HealthCare has already become an independent entity following its separation in early 2023.

Once the restructuring of General Electric is completed, it is anticipated that the three remaining businesses will maintain investment-grade credits and possess strong franchises within their respective industries. This strategic move is expected to streamline operations and enhance the company's focus on its core sectors.

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DiscoverGold DiscoverGold 7 months ago
Time to Buy Calls on General Electric (GE) Stock
By: Schaeffer's Investment Research | August 16, 2023

• GE's post-earnings pullback found familiar support on the charts

• GE options are affordably priced at the moment

The shares of General Electric Co (NYSE:GE) suffered a post-earnings pullback to their 30-day moving average last week, the same area that offered strong entry points throughout 2023. Despite this pullback the stock is still trading above its pre-earnings close. What’s more, implied volatility (IV) is back in line with GE’s historical volatility (HV). In June and July, IV was above HV, making now a more attractive time for options buyers to play the trend relative to the last few months.



Leading up to the late-July earnings report, options buyers were more pessimistic than they had been in the past three months. At-the-money IV is now lower than 98% of readings from the past year, according to TradeAlert. Plus, the positive earnings move pushed General Electric stock above its 10-year moving average at $110 -- a mark where the shares paused for more than three weeks before earnings.

From October 2022 through May 2023, the equity regularly appeared on a major brokerage’s “net sold during the month” monthly report. Even still, amid its 75% year-to-date lead and 86% year-over-year return, only 13 of 21 analysts rate GE a “buy” or better, and the only brokerage action since late April was a downgrade. This leaves plenty of room for pessimism to unwind and add tailwinds.

Our recommended December call has a leverage ratio of 7.1 and will double on a 14.9% pop in the underlying stock.

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DiscoverGold DiscoverGold 7 months ago
$GE is the top new buy of Stanley Druckenmiller in Q2
By: HedgeMind | August 15, 2023

• $GE is the top new buy of Stanley Druckenmiller in Q2.

The new position represents ~10% of total purchases he made in the quarter & his 3rd largest purchase overall.

$GE traded in a price range of $93 & $110 during Q2 w/ an avg. price of ~$100.

$GE up 77% YTD.



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DiscoverGold DiscoverGold 8 months ago
General Electric (GE) Stock Could Continue Higher
By: Schaeffer's Investment Research | August 10, 2023

• GE pulled back to a historically bullish trendline on the charts

• GE recently hit a five-year high

General Electric Co (NYSE:GE) has been steadily climbing on the charts this year, up 73.6% year-to-date. The stock recently hit a July 25 five-year high of $117.96, though it's pulled back slightly since then. Support at its 40-day moving average has guided the stock higher since the start of the year, and GE is now within one standard deviation of this trendline once again.

According to Schaeffer's Senior Quantitative Analyst Rocky White, GE has run into this trendline three times in the past three years, after which the stock was higher two of the times, averaging a 3.5% gain.



That said, speculating on GE's next move with options could be a prudent play. The stock's Schaeffer's Volatility Index (SVI) of 23% stands higher than just 13% of all other readings in its annual range, implying that options players are pricing in relatively low volatility expectations at the moment.

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DD14 DD14 8 months ago
Srfm””
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DD14 DD14 8 months ago
Sfrm will go to $25
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DiscoverGold DiscoverGold 8 months ago
General Electric (GE) shares downgraded at Oppenheimer on valuation
By: Investing.com | July 31, 2023

General Electric (NYSE:GE) stock received a downgrade today after Oppenheimer analysts moved to Perform from Outperform.

The downgrade call appears to be fueled by valuation concerns, with the analysts highlighting the +35% rally since they upgraded the stock back in December.

“Our pivot to Perform could be conservative if markets afford 16-17x+ on Aviation (as we sometimes hear suggested), or perhaps 10x+ GEV (do not hear much), neither unreasonable, given singularity of the Aviation asset quality and potential longer-term profitability curve for GEV (vs. interim repositioning and developmental business structures),” they said in a downgrade note.

“We view downside protection as formidable, given singularity of the Aerospace asset; and long-term demand/competitive stability prospects for turned/turning-around GEV assets.”

Shares rose last week after the company raised its 2023 outlook for organic sales and earnings per share.

The stock is up 75% year-to-date.

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