Ge stock buy hold or sell
GE sold off following the quarterly report. That level has capped appreciation in recent months, making this stock a good one for traders and covered call option sellers.
General Electric - GE - Stock Price & News | The Motley Fool
Is this a good time to buy GE stock? The dividend looks safe, you can tune out the bears on that charge. Honeywell Reported Better Results: Shares of chief GE rival Honeywell International Inc. HON stock is moving higher following a very solid earnings report.
On top of that, the company raised full-year guidance for significantly.
Thus, it seems that GE stock is down a couple of percent, despite results that might justify the stock trading flat. General Electric reported reasonably strong results. Its core industrial business delivered.
However, the flip-side of renewables are the fossil fuels. There, GE continues to struggle. The company reported a modest uptick in orders going forward.
GE plans to combine its energy unit with Baker Hughes Incorporated NYSE: BHI and float the combined unit as a public company. The recent surge in alternative-energy-related earnings is also likely to fade.
Turnaround Not Going Fast Enough: Many investors own GE stock due to its promised turnaround. The company is shedding underperforming and low-margin assets, has ditched the finance arm and tried to build a stronger core unit out of what remains.
There is serious logic for this reorganization.
General Electric Company (GE) Analyst Research - ywegyrayeku.web.fc2.com
The old General Electric model had grown so sprawled out that management had trouble effectively controlling everything. However, management needs to execute for the turnaround to work. That increased cost-cutting came as management responded to demands from activist investors such as Trian Fund Management. Article printed from InvestorPlace Media, http: Financial Market Data powered by FinancialContent Services, Inc.
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