Streetbeat News

General Electric Company

https://www.geaerospace.com

Industry

Aerospace & Defense

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa. General Electric Company was incorporated in 1892 and is based in Evendale, Ohio.

Open

176.75

Mkt cap

191B

Volume

4.6M

High

177.92

P/E Ratio

34.90

52-wk high

194.80

Low

175.89

Div yield

0.01

52-wk low

94.31

Barclays analyst Julian Mitchell maintains an Overweight rating on General Electric (NYSE:GE) and raises the price target from $131 to $133.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 2:21 pm

General Electric's (NYSE:GE) short percent of float has fallen 5.0% since its last report, with 12.31 million shares sold short, which is 1.14% of all regular shares available for trading. It would take traders 3.07 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 2.16% for its peer group.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 1:15 pm

The article lists the stocks that have gained and lost the most in Tuesday's mid-day session. Some of the top gainers include InMed Pharmaceuticals, LianBio, Ascent Solar Technologies, and Falcon's Beyond Global. On the other hand, reAlpha Tech Corp, LumiraDx Limited, INVO Bioscience, and Markforged Holding Corporation were among the biggest losers.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 6:12 pm

The pullback in yields is bringing in buyers to the stock market, with notable earnings reports from Microsoft Corp and Alphabet Inc Class C expected after market close. Earnings from Coca-Cola Co, Verizon Communications Inc., Rtx Corp, Dow Inc, 3M Co, Sherwin-Williams Co, General Motors Co, and General Electric Co are better than expected, while earnings from HCA Healthcare Inc, AGNC Investment Corp, Corning Incorporated, Packaging Corp Of America, and Polaris Inc are worse than expected. Positive money flows are observed in Microsoft, Alphabet, Meta Platforms Inc, Amazon.com, Inc., NVIDIA Corp, and Tesla Inc, while neutral in Apple Inc, and mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. The article also mentions buying in Bitcoin and speculative stocks.

Portfolio Pulse from The Arora Report

October 24, 2023 | 3:14 pm

General Electric Co (GE) reported Q3 FY23 revenues of $17.3 billion, a 20% YoY increase, and raised its FY23 outlook. The company also announced plans to spin off GE Vernova and launch GE Aerospace in Q2 2024. GE's shares are trading higher by 5.72% premarket on Tuesday.

Portfolio Pulse from Akanksha Bakshi

October 24, 2023 | 12:50 pm

General Electric's shares are trading higher following the release of its Q3 financial results and the issuance of guidance. The positive market reaction suggests that the results and guidance were well-received by investors.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:45 pm

GE's CEO has stated that the company's offshore wind sector will continue to experience similar losses in 2024 as in 2023, but cash flow will improve. The offshore wind sector is expected to incur losses of approximately $1B in 2023.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:57 am

GE's CFO has stated that demand remains robust at GE Aerospace, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:56 am

GE's CEO has stated that the company is still navigating a challenging supply chain environment. Despite this, year-to-date commercial engine deliveries have increased by 30%.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:44 am

US stock futures are surging ahead of Microsoft and Google's earnings announcements. The tech-heavy Nasdaq Composite Index is on track for a positive open after snapping a four-day losing streak. Analysts are hopeful for positive earnings reports from the 'Magnificent Seven', which includes Alphabet, Inc. and Microsoft Corp. However, they caution against any negative surprises. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF rose. Coinbase Global, Inc. surged over 7% in premarket trading after an appeals court ordered the SEC to review the Grayscale Bitcoin Spot ETF application.

Portfolio Pulse from Shanthi Rexaline

October 24, 2023 | 11:24 am

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