General Electric CompanyNYSE
Fri, Dec. 2, 2:32 PM
- JPMorgan is out with its top stock picks for 2017, but as Jack Hough of Barron's points out, the "shorts" list is far more interesting because Sell recommendations from the sell-side are so much rarer than Buys.
- Of the 14-name shorts list, nine have price targets 10% or more below the current level.
- GE has 10% potential downside thanks to its too-rich valuation relative to free cash flow versus peers.
- Federated Investors (NYSE:FII) could fall 14% thanks to its exposure to the struggling active-management industry.
- Trucker C.H. Robinson Worldwide (NASDAQ:CHRW) has 16% downside as favorable contracts reset to depressed industry levels.
- Archer Daniels Midland (NYSE:ADM) has a price target 18% below the current value as a strong dollar and trade troubles with Mexico crimp profits.
- A 45% price decline could be in store for driller Forum Energy Technologies (NYSE:FET), with good assets and a healthy balance sheet, but way too fancy of a valuation.
- There's also Intelsat (NYSE:I), which JPMorgan says could be a zero as new competition squeezes the heavily leveraged company.
- Other shorts: Cornerstone OnDemand (NASDAQ:CSOD), Ensco (NYSE:ESV).
Thu, Dec. 1, 11:46 AM
- November monthly performance was: +2.44%
- 52-week performance vs. the S&P 500 is: +6%
- $0.18 in dividends were paid in November
- Top 10 Holdings as of 10/31/2016: Exxon Mobil Corp (XOM): 5.06236%, AT&T Inc (T): 5.00966%, Verizon Communications Inc (VZ): 3.95123%, Chevron Corp (CVX): 3.90836%, General Electric Co (GE): 3.34327%, Procter & Gamble Co (PG): 3.22338%, Wal-Mart Stores Inc (WMT): 2.96781%, Philip Morris International Inc (PM): 2.82773%, Pfizer Inc (PFE): 2.73807%, Merck & Co Inc (MRK): 2.31749%
Thu, Dec. 1, 9:31 AM
- November monthly performance was: +0.62%
- 52-week performance vs. the S&P 500 is: -5%
- No dividends were paid in November
- Top 10 Holdings as of 10/31/2016: Apple Inc (AAPL): 4.78232%, Microsoft Corp (MSFT): 3.6545%, General Electric Co (GE): 2.09427%, Procter & Gamble Co (PG): 1.43859%, Exxon Mobil Corp (XOM): 1.36332%, Wells Fargo & Co (WFC): 1.34175%, Intel Corp (INTC): 1.2948%, Bank of America Corporation (BAC): 1.2811%, Pfizer Inc (PFE): 1.22767%, Alphabet Inc C (GOOG): 1.22159%
Thu, Dec. 1, 8:49 AM
- November monthly performance was: +3.54%
- 52-week performance vs. the S&P 500 is: -3%
- No dividends were paid in November
- Top 10 Holdings as of 10/31/2016: Apple Inc (AAPL): 6.80131%, Microsoft Corp (MSFT): 5.15024%, Exxon Mobil Corp (XOM): 3.74079%, General Electric Co (GE): 2.88197%, Procter & Gamble Co (PG): 2.47992%, AT&T Inc (T): 2.43052%, Wells Fargo & Co (WFC): 2.30872%, Amazon.com Inc (AMZN): 2.24391%, Facebook Inc A (FB): 2.2067%, Alphabet Inc C (GOOG): 2.16615%
Thu, Dec. 1, 4:27 AM
- A new batch of companies may soon be able to operate in Cuba if the Obama administration can persuade Havana to finalize agreements before Donald Trump takes office, WSJ reports.
- If the White House succeeds, Google (GOOG, GOOGL), General Electric (NYSE:GE), Norwegian Cruise Line (NASDAQ:NCLH), Royal Caribbean (NYSE:RCL) and Pearl Seas Cruises could all announce deals in the upcoming weeks.
Wed, Nov. 30, 10:47 AM| Wed, Nov. 30, 10:47 AM | 15 Comments
Tue, Nov. 22, 3:37 PM
- With $4.5B of short interest, Exxon Mobil (NYSE:XOM) leads the way, followed by IBM at $3.7B. Rounding out the top ten: AT&T (NYSE:T), Caterpillar (NYSE:CAT), Chevron (NYSE:CVX), Boeing (NYSE:BA), GE, Procter & Gamble (NYSE:PG), Abbot Labs (NYSE:ABT) and Disney (NYSE:DIS).
- Most interesting from that list are Cat, Boeing, and Abbot Labs as their market caps are significantly smaller than the other seven.
- Of the top 50 short positions, there are two names in which the short interest rises to as high as 10% of the market cap: Freeport-McMoRan (NYSE:FCX) and Digital Realty Trust (NYSE:DLR).
- Previously: Goldman's list of stock longs mattering most to hedge funds (Nov. 22)
Tue, Nov. 22, 11:26 AM
- Eni (E +0.4%) signs a framework agreement with General Electric (GE +0.5%) to jointly develop large-scale renewable energy projects and hybrid solutions with a focus on energy efficiency.
- Eni says the agreement covers onshore and offshore wind generation, solar power, hybrid gas-renewable projects, electrification of new and existing assets, waste-to-energy projects, the green conversion of mature or decommissioned industrial assets and the deployment of technologies developed by Eni itself.
- Eni says the GE deal will help it pursue the progressive decarbonization of its energy mix.
Mon, Nov. 21, 5:28 PM
- Boeing (NYSE:BA) says Ray Conner will step down as head of its commercial aircraft unit, to be replaced by GE Aviation Services (NYSE:GE) chief Kevin McAllister.
- The 61-year-old Conner is Boeing's vice chairman and has been president and CEO of Commercial Airplanes since 2012; he joined Boeing in 1977 as a mechanic and rose through the ranks to lead its 747 and 777 jet lines as well as leading the commercial unit sales and customer support operation.
- McAllister spent 27 years at GE Aviation, where he served since 2014 as president and CEO of GE Aviation Services; he had been VP and general manager of the unit's global sales and marketing since 2008.
Wed, Nov. 16, 5:58 PM
- GE Energy Connections, General Electric's (NYSE:GE) $11B electrification, grid and controls business, selects Steven Martin, former general manager and chief data scientist for Microsoft’s Cloud and Enterprise group, as its new chief digital officer.
- Martin is tasked with leading digital strategy across Energy Connections in partnership with GE Digital, as well as designing “new customer experiences and business models,” a GE spokesperson tells WSJ.
- Martin is one of six new executive hires; another is Patrick Franklin, who joins GE Digital as VP and general manager for applications after serving as a VP of engineering at Google.
Wed, Nov. 16, 2:34 AM
- Honeywell (NYSE:HON) has agreed to supply avionics for a proposed supersonic jetliner - intended to carry only premium passengers - that could cruise 10% faster than the now extinct Concorde.
- The demonstrator vehicle, called Baby Boom, is slated to take to the air in 2017.
- If development goes as planned, the full-size version, including engines manufactured by General Electric (NYSE:GE), could start carrying passengers as early as next decade.
Tue, Nov. 15, 6:56 PM
- The SEC has criticized GE's use of tailored, non-GAAP financial measures in recent months, but has completed a review of the company's filings without taking any action, Dow Jones reports, citing documents the agency has made public.
- GE reportedly defended its non-GAAP disclosures as helpful and relevant to investors, but told the SEC it would revise the disclosures to address the agency's concerns.
- Critics say non-GAAP measures can be abused to make companies look healthier than they are, and the SEC issued new guidelines in May to clarify to companies when it might frown on the use of non-GAAP measures.
Tue, Nov. 15, 2:28 PM
- BP (BP +1.4%) signs a deal to use a new digital solution by General Electric (GE -0.5%) to improve the efficiency and safety of its offshore oil platforms by predicting equipment breakdowns before they occur; financial terms were not disclosed.
- BP says GE's Plant Operations Advisor software, which will gather data from various pieces of oilfield equipment and process it through GE's Predix software, should help it save more than $200M/year from its deployment at up to 33 platforms globally, and estimates the program will boost its efficiency by 2%-4%.
- GE hopes the BP partnership will set up future opportunities across the oil industry, especially ahead of the merger of its oil and gas division with Baker Hughes.
Tue, Nov. 15, 11:30 AM
- General Electric (GE -0.6%) signs up Exelon (EXC +2.4%) for a five-year contract to use its full software set to analyze and manage U.S. power plants, in GE's largest deployment in the power sector and one of the three largest sales of its Predix industrial operating system so far.
- EXC says it will use GE's Predix software and applications across its 91 power plants, which produce 32.7K MW and supply more than 10M customers, as well as software that analyzes the company's business performance and profitability.
- In initial uses, GE's technology has increased power plant efficiency by 3% and reliability by 5%, while cutting operating and maintenance costs by 25%, according to GE Power's top exec Steve Bolze.
- The companies did not disclose the value of the contract.
Tue, Nov. 15, 7:57 AM
- General Electric (NYSE:GE) is acquiring Bit Stew Systems for $153M, The Globe and Mail reports.
- The Vancouver-based startup, which has more than doubled in size in each of the past two years, is on track to generate roughly $15M in revenue this year, according to industry experts.
- GE said it will incorporate Bit Stew's technology into its existing operating system for industrial Internet applications.
Mon, Nov. 14, 2:15 PM
- General Electric's (GE -0.6%) Digital unit says it agreed to buy cloud-based field service management company ServiceMax for $915M, as part of its strategy to advance its "Industrial Internet" vision.
- GE says the deal will help it automate and digitize the servicing of heavy-duty machinery.
- GE Digital, established last year, may become a $15B business by 2020, and its Predix operating system has been developed to help run industrial equipment more reliably and efficiently.