General Electric stock was up Friday, about 0.6%, weathering a negative report from bearish JP Morgan analyst Stephen Tusa regarding GE Capital.
Tusa wrote in a report on Friday that bullish investors shouldn’t forget about GE Capital when valuing General Electric stock. He believes the company’s lending unit will remain a cash drain in the future.
I still think Larry Culp can accomplish a turn around but I always stand by Buffets quote “when management with a reputation for brilliance tackles a business with a reputation for poor fundamental economics, it is the reputation of the business that remains intact”
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Source: CNBC - 🏆 12. / 72 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »
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Source: Reuters - 🏆 2. / 97 Read more »
GE Swings to Quarterly Profit as It ShrinksGeneral Electric swung to a first quarter profit, reporting stronger cash production than expected. The conglomerate left its full-year expectations unchanged. Understand that you are busy but I will be there at least once a week must be nice having a Tax free Business Thanks 😘
Source: WSJ - 🏆 98. / 63 Read more »
Traders Brace for Big Moves After GE Earnings This WeekOptions traders are betting on an explosive move in General Electric shares after its earnings on Tuesday, a sign that turbulence in the battered stock may not be over. 📉 this company can’t do anything right
Source: WSJ - 🏆 98. / 63 Read more »
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Source: Reuters - 🏆 2. / 97 Read more »
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Source: Reuters - 🏆 2. / 97 Read more »
GE Earnings Have a Bright Side — for Boeing StockEven if GE stock doesn’t benefit from strong first-quarter results, Boeing stock might instead. That’s because it got a vote of confidence from General Electric, which is also one of its key suppliers.
Source: MarketWatch - 🏆 3. / 97 Read more »