NYSE:GE
10.88
0.28
(2.64%)
General Electric is an American multinational conglomerate corporation incorporated in New York and headquartered in Boston, Massachusetts.
More at Wikipedia
General Electric
GE-N
Analysis and Opinions about GE-N
Signal
Opinion
Expert
WATCH
WATCH
November 23, 2020
It feels like this is a company that did what they needed to do to make numbers for a very long time. It is a case of when you are comfortable that all the stones have been uncovered you could look at it.
Show full opinionHide full opinion
It feels like this is a company that did what they needed to do to make numbers for a very long time. It is a case of when you are comfortable that all the stones have been uncovered you could look at it.
PAST TOP PICK
PAST TOP PICK
November 19, 2020
(A Top Pick Oct 20/20, Up 35.8%)Stockchase Research Editor: Michael O'Reilly This PAST TOP PICK achieved our target at $10. We are being disciplined and are recommending to cover 50% of the position. We also recommend raising the trailing stop from the original $6 to $8 -- above our initial recommended entry.
Show full opinionHide full opinion(A Top Pick Oct 20/20, Up 35.8%)Stockchase Research Editor: Michael O'Reilly This PAST TOP PICK achieved our target at $10. We are being disciplined and are recommending to cover 50% of the position. We also recommend raising the trailing stop from the original $6 to $8 -- above our initial recommended entry.
BUY
BUY
November 18, 2020
A turnaround story that's broken $10 faster than he expected. GE has a huge tailwind from Boeing, whose 737 Max has now been approved; GE's aerospace business will boom because it makes the 737's engines. This boom will give the CEO breathing space to build up GE's healthcare and power divisions. His renewable business should benefit under Biden. In 5 months, vaccines should allow many people to fly again, which will be a huge windfall for its aerospace business.
A turnaround story that's broken $10 faster than he expected. GE has a huge tailwind from Boeing, whose 737 Max has now been approved; GE's aerospace business will boom because it makes the 737's engines. This boom will give the CEO breathing space to build up GE's healthcare and power divisions. His renewable business should benefit under Biden. In 5 months, vaccines should allow many people to fly again, which will be a huge windfall for its aerospace business.
DON'T BUY
DON'T BUY
October 23, 2020
GE has solid wind and healthcare businesses, but these alone are not enough to buy this yet. Give it another another quarter before looking at this. GE reports next week.
Show full opinionHide full opinionGE has solid wind and healthcare businesses, but these alone are not enough to buy this yet. Give it another another quarter before looking at this. GE reports next week.
TOP PICK
TOP PICK
October 20, 2020
Stockchase Research Editor: Michael O'Reilly GE has floundered for the past several years, but new initiatives are beginning to change analyst outlooks. The company recently announced its plan to abandon new-build coal-fired plants in favour of renewables and natural gas projects, including wind powered offshore windfarms. Goldman Sachs recently resumed coverage, looking to a $10 target – more than 35% upside. We would trade this with a $6.00 stop-loss. Yield 0.55%. (Analysts’ price target is $9.17)
Stockchase Research Editor: Michael O'Reilly GE has floundered for the past several years, but new initiatives are beginning to change analyst outlooks. The company recently announced its plan to abandon new-build coal-fired plants in favour of renewables and natural gas projects, including wind powered offshore windfarms. Goldman Sachs recently resumed coverage, looking to a $10 target – more than 35% upside. We would trade this with a $6.00 stop-loss. Yield 0.55%. (Analysts’ price target is $9.17)
DON'T BUY
DON'T BUY
October 13, 2020
It's a mishmash restructuring play. They made a blunder buying back so many shares in recent years. Don't throw more more into this if you own it. Doesn't like how it's been run. Instead, he likes industrials and would buy Honeywell.
It's a mishmash restructuring play. They made a blunder buying back so many shares in recent years. Don't throw more more into this if you own it. Doesn't like how it's been run. Instead, he likes industrials and would buy Honeywell.
BUY
BUY
October 12, 2020
Ford vs. GE - Two old industrial giants that are struggling. Great companies, now losers racing down to $10/share. But each are showing promise and hope. He likes both stocks now in the single digits, though they are vastly different. Both Ford and GE will return to double-digits, though he gives the edge to Ford. It's plummeted from $30 to $7, fed by a series of terrible acquisitions over the years. Also, GE wrote idiotic long-term care insurance contracts that dramatically underpriced them and blew a giant hole in the balance sheet. Blame the ex-CEO. New CEO Culp has made some aggressive moves by selling assets and shoring up the balance sheet and trimming GE to aerospace, healthcare and power. However, Covid slowed down their air business and hit the stock. Only recently is the stock recovering as plane traffic gradually rises. GE is a recovery play, if you believe we'll get a vaccine sooner than later. GE is up nearly 15% this month.
Show full opinionHide full opinionFord vs. GE - Two old industrial giants that are struggling. Great companies, now losers racing down to $10/share. But each are showing promise and hope. He likes both stocks now in the single digits, though they are vastly different. Both Ford and GE will return to double-digits, though he gives the edge to Ford. It's plummeted from $30 to $7, fed by a series of terrible acquisitions over the years. Also, GE wrote idiotic long-term care insurance contracts that dramatically underpriced them and blew a giant hole in the balance sheet. Blame the ex-CEO. New CEO Culp has made some aggressive moves by selling assets and shoring up the balance sheet and trimming GE to aerospace, healthcare and power. However, Covid slowed down their air business and hit the stock. Only recently is the stock recovering as plane traffic gradually rises. GE is a recovery play, if you believe we'll get a vaccine sooner than later. GE is up nearly 15% this month.
COMMENT
COMMENT
September 25, 2020
They're not ready yet. They have a good turnaround plan despite being linked to aerospace. Should be in better shape in 12 months.
Show full opinionHide full opinionThey're not ready yet. They have a good turnaround plan despite being linked to aerospace. Should be in better shape in 12 months.
SELL
SELL
September 23, 2020
Struggling. Restructuring since the financial crisis. Trying to repair balance sheet. Aircraft still struggling, and too early to tell how long it will take to recover. Look at Raytheon instead. Defence is doing exceptionally well, plus aerospace and security exposure. Exceptionally well run.
Struggling. Restructuring since the financial crisis. Trying to repair balance sheet. Aircraft still struggling, and too early to tell how long it will take to recover. Look at Raytheon instead. Defence is doing exceptionally well, plus aerospace and security exposure. Exceptionally well run.
COMMENT
COMMENT
September 16, 2020
Morgan Stanley's CEO expects positive cash flow in the second half of 2020. The stock rallied over 10% today after that statement, which he finds incredible. However, he doesn't know anyone who expects positive cash flow from GE. Expect Honeywell and 3M to go up along with this, at least tomorrow.
Morgan Stanley's CEO expects positive cash flow in the second half of 2020. The stock rallied over 10% today after that statement, which he finds incredible. However, he doesn't know anyone who expects positive cash flow from GE. Expect Honeywell and 3M to go up along with this, at least tomorrow.
DON'T BUY
DON'T BUY
July 13, 2020
The balance sheet remains an issue. They spent $25 billion in 2015-17 in stock buybacks around $25-30/share. The power generation industry is struggling. Maybe some of the pieces of GE are worth more than the stock price. Where's the catalyst to push it up? Look elsewhere for growth.
Show full opinionHide full opinionThe balance sheet remains an issue. They spent $25 billion in 2015-17 in stock buybacks around $25-30/share. The power generation industry is struggling. Maybe some of the pieces of GE are worth more than the stock price. Where's the catalyst to push it up? Look elsewhere for growth.
DON'T BUY
DON'T BUY
June 17, 2020
He would be very cautious on GE. The company has been an investment grade company for decades. Today it is a speculative company. You are not buying the GE of old. It is 70% debt to total capital and as a pension deficit of $95 million. Cash flow is unpredictable. They are now starting to sell of their good quality assets. This will reduce future cash flow.
Show full opinionHide full opinionHe would be very cautious on GE. The company has been an investment grade company for decades. Today it is a speculative company. You are not buying the GE of old. It is 70% debt to total capital and as a pension deficit of $95 million. Cash flow is unpredictable. They are now starting to sell of their good quality assets. This will reduce future cash flow.
DON'T BUY
DON'T BUY
May 12, 2020
In the past, this was a blue chip stock, but now is hitting hard times. Forget the past. It remains highly speculative, with high debt as they sell quality businesses, deal with a pension liability and many other problems. Avoid.
Show full opinionHide full opinionIn the past, this was a blue chip stock, but now is hitting hard times. Forget the past. It remains highly speculative, with high debt as they sell quality businesses, deal with a pension liability and many other problems. Avoid.
DON'T BUY
DON'T BUY
April 1, 2020
He is not investing in GE as it has fallen from grace in the past few years. A text book example of a value trap and a company that has taken on too much debt. If revenues fall, they will see free cash flow evaporate.
Show full opinionHide full opinionHe is not investing in GE as it has fallen from grace in the past few years. A text book example of a value trap and a company that has taken on too much debt. If revenues fall, they will see free cash flow evaporate.
WATCH
WATCH
February 13, 2020
Still on the sidelines. CEO is respected. Its engine business is being impacted with Boeing. Not sure what earnings and cash flow profile will be a year from now.
Still on the sidelines. CEO is respected. Its engine business is being impacted with Boeing. Not sure what earnings and cash flow profile will be a year from now.
General Electric(GE-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 6
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 10
Total Signals / Votes : 16
General Electric(GE-N) Frequently Asked Questions
What is General Electric stock symbol?
General Electric is a American stock, trading under the symbol GE-N on the New York Stock Exchange (GE). It is usually referred to as NYSE:GE or GE-N
Is General Electric a buy or a sell?
In the last year, 16 stock analysts published opinions about GE-N. 6 analysts recommended to BUY the stock. 10 analysts recommended to SELL the stock. The latest stock analyst recommendation is WATCH. Read the latest stock experts' ratings for General Electric.
Is General Electric a good investment or a top pick?
General Electric was recommended as a Top Pick by Jamie Murray on 2020-11-23. Read the latest stock experts ratings for General Electric.
Why is General Electric stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is General Electric worth watching?
16 stock analysts on Stockchase covered General Electric In the last year. It is a trending stock that is worth watching.
What is General Electric stock price?
On 2020-12-04, General Electric (GE-N) stock closed at a price of $10.88.
