General Electric (GE)

Re: General Electric (GE)

Postby winston » Wed Jan 03, 2018 8:17 pm

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GE Stock Has Multiple Positive Catalysts, Favorable Valuation

by Larry Ramer

Summary

GE stock should benefit from multiple initiatives brewing in Washington.

The company has significant leverage to the rapidly growing wind energy and Internet of Things spaces.

GE stock looks like a very good buy at current levels.

The conglomerate's decision to buy Alstom, which develops coal-fueled turbines, for $9.5 billion and oil exploration company Baker Hughes' technical services business, have left it highly exposed to fossil fuels.

"Perry’s proposed rule would pay coal and nuclear plants to remain on the electrical grid in the name of resilience. Experts say it would virtually assure that coal and nuclear plants...remain profitable."

Increased drilling in the U.S. should significantly increase demand for Baker Hughes' products and services.

A number of GE's divisions could be boosted by an infrastructure plan.

GE would be one of the biggest winners from tax reform.

GE’s onshore wind unit obtained over $3 billion of orders in the fourth quarter of 2016.

Apple (NASDAQ:AAPL) recently chose to partner with GE on an Industrial Internet of Things platform definitely suggests that GE’s technology in this area is quite strong.


Source: Seeking Alpha

https://seekingalpha.com/article/413493 ... ngcom_feed
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Re: General Electric (GE)

Postby winston » Wed Jan 03, 2018 10:07 pm

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General Electric Company (GE) Stock Has Limited Upside in 2018

by Wayne Duggan

"Not only is 2018 a reset year, but 2019 and beyond, they're talking about 2 to 4 percent organic growth."


Source: U.S.News & World Report

https://finance.yahoo.com/news/general- ... 19183.html
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Re: General Electric (GE)

Postby winston » Wed Jan 03, 2018 10:25 pm

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General Electric

This iconic blue chip industrial was a huge laggard in 2017, and after cutting its dividend the most since the Great Depression it may be offering long-term investors a very promising entry point.

General Electric Co. (NYSE: GE) is a highly diversified, global industrial company. Its businesses are organized broadly under these segments: Power, Renewable Energy, Energy Connections, Oil & Gas, Aviation, Healthcare, Transportation and GE Capital.

The company’s products and services include power generation equipment, aircraft engines, locomotives, medical equipment and compressors. Over half of the business is tied to service and aftermarket support.

The road back for GE can be a long one, but the chances of the company ever going out of business are very remote. Merrill Lynch said this after the company held its analysts day back in November:

We lower our price objective to $23 (based on updated sum of the parts) but we maintain our Buy for the following reasons:
1) The dividend cut is now behind us;
2) While the company’s lower 2018 outlook versus our and consensus’ forecast was not expected, we view the current outlook as the “true reset”;
3) GE is pre funding $6 billion of its pension obligations in 2018 by issuing debt, ameliorating some of the concerns about off-balance-sheet liabilities;
4) GE did not provide a lot of detail on potential spins/divestitures beyond highlighting part of Healthcare IT, Current & Lighting, Transportation, and its stake in Baker Hughes (BHGE); however, we continue to think that the portfolio optionality goes well beyond that.
5) Our sum of the parts of $23, while lower, still points to 20%+ upside relative to the current stock price.

GE investors are now paid a 2.75% dividend. The Merrill Lynch price objective of $23 compares to the Wall Street consensus price target of $21.99.

The shares traded early Tuesday at $17.65 apiece.

Source: 24/7 Wall Street
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Re: General Electric (GE)

Postby winston » Thu Jan 04, 2018 5:24 pm

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General Electric: Is That a Bottom I See?

By Ben Levisohn

ChartWorks' Ross Clark is spotting signs of "capitulation" in the General Electric's shares.

Back in November, he wrote that both monthly and weekly signals start to coincide, it increases the odds of an upside reversal. That's happened, as has increased demand for the stock, among other signs of a potential bottom.

General Electric also found itself in a basket of stocks--so-called high-growth investment ratio companies--that Goldman Sachs strategist David Kostin recommended yesterday.


Source: Barron's


https://www.barrons.com/articles/genera ... yptr=yahoo
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Re: General Electric (GE)

Postby winston » Thu Jan 04, 2018 5:28 pm

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Dec 8, 2017

Goldman Really Wants to Like GE But…

By Teresa Rivas

While the selloff and new management make them want to be more constructive on the stock, they have to stay on the sidelines until they have more evidence, that it's turnaround is working, i.e. proof of a recovery in cash flows and end markets.

Specifically, on cost-outs, GE is targeting $3bn+ of actions in 2017-18 to generate $2bn+ of net benefits and we believe it will be critical for GE to demonstrate core margin expansion.

Additionally, GE’s progress in Power is also a key area of debate and the company’s ability to offset end market weakness with cost-outs and show 60% FCF conversion in 2018 (vs. negative in 2017) will be a key measure in increasing confidence/believability that fundamentals can turn around by 2019/2020.

Lastly, on FCF, we are currently forecasting 2018/2019 Industrial FCF of $5.8bn (excluding the pension pre-funding and BHGE buyback)/$7.0bn, which implies a 2019 FCF yield of 4.5% (vs. coverage average for companies with market caps >$10bn: 5.6%).

In terms of near-term catalysts, we believe the magnitude of the Insurance reserve adjustment will be closely watched given already high leverage at GE Capital (>8x debt/TEV) although we note that GE does not foresee the need for cash infusion from the parent


Source: Barron's

https://www.barrons.com/articles/goldma ... 1512744588
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Re: General Electric (GE)

Postby winston » Thu Jan 04, 2018 10:31 pm

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General Electric or General Eclectic?

General Electric Co. (NYSE: GE) was a serious disappointment to the investing world in 2017.

After losing about 45% for investors last year, it is extra embarrassing for analysts after they were calling for a 10% gain in 2017.

Now it feels like the analysts are holding hopes on an oversold stock status in 2018. The year-end price of $17.45 and a consensus target price of $21.99 would imply an expected return of 28.77%, when they add in the 2.75% dividend yield.

Source: 24/7 Wall Street
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Re: General Electric (GE)

Postby winston » Fri Jan 05, 2018 2:42 pm

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Stocks That Will Surprise in 2018: General Electric (GE)

This last one must be considered the “Hail Mary” of the bunch. I don’t like General Electric Company (NYSE:GE) as a business or a stock because it’s squandered so much shareholder goodwill over the past 20 years by being the worst kind of industrial conglomerate, one that’s afraid of taking chances and is stuck in some time warp.

CNBC Mad Money host Jim Cramer, someone I generally respect, recently apologized to his loyal viewers for continuing to recommend GE stock despite its ongoing slide.

Cramer feels like GE could get it together under new CEO John Flannery. Therefore, he’s still not recommending investors sell the stock. I’m not as convinced. I believe GE’s business could be permanently broken.

In August, I predicted that GE stock would remain in the $20s for the foreseeable future. Since then, GE’s stock has dropped almost 30% on news the company’s problems are bigger than first thought.

That said, any obvious signs of life from GE as we make our way through 2018, should be good for a 5%-10% boost in its share price, perhaps more.

At these prices, GE could very well surprise in 2018.

Source: Investor Place
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Re: General Electric (GE)

Postby winston » Fri Jan 05, 2018 5:41 pm

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General Electric Could Break Higher Within Days as Dow Crosses 25,000

We could be looking at the start of a big, sustained move in this industrial sector giant.

ByJonas Elmerraji

After lagging the rest of the Dow in a big way for the last year, this is a mean reversion trade.

GE is testing its parabolic trendline resistance level right now -- and a meaningful push above the 50-day means shares are pulling off a change in trend this winter.

If you're considering turning bullish on GE, now's a good time to build a starter position in shares, with plans to scale up to a full-sized position if GE can muster the strength to push through the $19 level.



Source: The Street

https://finance.yahoo.com/m/077ccfeb-87 ... ke-up.html
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Re: General Electric (GE)

Postby winston » Fri Jan 05, 2018 5:50 pm

Dow stock GE is surging, but buyer beware it's still 'the value trap of the century,' says market watcher

by Annie Pei

The stock has been forming a base for the past six weeks or so and is approaching its 50-day moving average.

"[GE] was the dog of the Dow in 2017, so it was a big candidate for tax-loss selling". And now that those sellers have moved out of the way, the stock has popped up a little bit."



Source: CNBC.com

https://www.cnbc.com/2018/01/04/ge-is-s ... yptr=yahoo
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Re: General Electric (GE)

Postby winston » Mon Jan 08, 2018 8:13 pm

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Why GE's Stock Rebound Will Fizzle: Miller Tabak

By Matthew Johnston

GE’s operating cash flow of $5.147 billion was not enough to cover its $7.161 billion of capital expenditures, leaving a deficit of $2.014 billion.


Source: Investopedia

https://www.investopedia.com/news/why-g ... yptr=yahoo
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