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GE - General Electric

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by bigbear0083, Mar 31, 2016.

  1. bigbear0083

    bigbear0083 Content Manager
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    [​IMG]

    [​IMG]

    [​IMG]

    General Electric (GE) is an American multinational conglomerate corporation incorporated in New York, and headquartered in Fairfield, Connecticut. As of 2015, the company operates through the following segments: Appliances, Power and Water, Oil and Gas, Energy Management, Aviation, Healthcare, Transportation and Capital which cater to the needs of Home Appliances, Financial services, Medical devices, Life Sciences, Pharmaceutical, Automotive, Software Development and Engineering industries.

    In 2011, GE ranked among the Fortune 500 as the 6th-largest firm in the U.S. by gross revenue,[5] and the 14th most profitable.[6] As of 2012 the company was listed the fourth-largest in the world among the Forbes Global 2000, further metrics being taken into account. The Nobel Prize has twice been awarded to employees of General Electric: Irving Langmuir in 1932 and Ivar Giaever in 1973.

    On January 13, 2016, it was announced that GE will be moving its corporate headquarters to the South Boston Waterfront neighborhood of Boston, Massachusetts. Some of the workers will arrive in the summer of 2016, and the full move will be completed by 2018.
     
  2. T0rm3nted

    T0rm3nted Moderator
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    Anybody think yesterdays closing price may be a decent entry price on a overall long-term uptrend over the last 5 years? Previous resistance at the $31 level should act as support.
     
  3. T0rm3nted

    T0rm3nted Moderator
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    Reported before open today (4/22/16)
    Earnings: EPS $0.21 and revenue $27.85B
    Estimates: EPS $0.19 and revenue $27.62B
     
  4. T0rm3nted

    T0rm3nted Moderator
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    GE bounced off the 50MA the last two trading days. Looks like some strong support and it's approaching the closing price the last two trading days.

    upload_2016-4-25_20-18-24.png
     
  5. T0rm3nted

    T0rm3nted Moderator
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    Continuing to bounce off the 50MA just like it was last week.

    upload_2016-5-2_20-28-4.png
     
  6. T0rm3nted

    T0rm3nted Moderator
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    Down over 2% today
     
  7. T0rm3nted

    T0rm3nted Moderator
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    Ex-Div-Date: 6/16/16
    Payment Date: 7/25/16
    Dividend: $0.23
    Yield: 3.06%
     
  8. T0rm3nted

    T0rm3nted Moderator
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    Reported before open today (7/22/16)
    Earnings: EPS $0.51 Revenue $33.49B
    Estimates: EPS $0.46 Revenue $31.76B

    Down 1.93% today so far
     
  9. T0rm3nted

    T0rm3nted Moderator
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    Reported before open today (10/21/16)
    Earnings: EPS $0.32 Revenue $29.3B
    Estimates: EPS $0.30 Revenue $29.64B

    Down 2.00% today so far
     
  10. Gambit

    Gambit Active Member

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  11. Gambit

    Gambit Active Member

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  12. fidelgeorge

    fidelgeorge Well-Known Member

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    I bought more yesterday. If it slips after ER will buy more. Gigantic company. Takes time for transition to digital. Long term hold.
     
    Jack Levy likes this.
  13. LloydWCoutee

    LloydWCoutee Active Member

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    Oppenheimer Releases a Hold Rating on General Electric $GE
     
  14. StockJock-e

    StockJock-e Brew Master
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    Good bounce off $29.50 support!
     
  15. StockJock-e

    StockJock-e Brew Master
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    GE stock rises after report that Immelt could be pushed into retirement
     
  16. fidelgeorge

    fidelgeorge Well-Known Member

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    Industrial conglomerate General Electric ($GE) may also move to the downside after Deutsche Bank downgraded its rating on the company’s stock to Sell from Hold.
     
    Jack Levy likes this.
  17. Elliottwave-Forecast.com

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    $GE Bounce is from Technicals or Jeff Immelt’s Resignation?

    Firstly, I suspect the bounce is technical or at a minimum immaculate timing of the news to go with the technical view. This large multinational organization & conglomerate’s CEO of the past few years Jeff Immeltjust announced he would resign from General Electric and there is an apparent bounce in price on the day of the announcement. This company that really needs no introduction is one of the largest companies in the world and has been around 125 plus years now and is one of the $DJIA Dow Industrial Average’s thirty components as well as one of the $SPX Standard and Poor’s 500 components and is into many different markets where they sell their broad based goods and services. Without further comment on the fundamental and financials of the organization I will stick with the idea the company will find the way to remain profitable and achieve further growth although that becomes harder as time goes on in a larger company’s life cycle.

    Secondly, the daily chart’s technical picture of the stock from an Elliott Wave perspective is shown below under the end of this article however not shown here in the aforementioned graphic the stock has been in an uptrend since inception with an all time high at 60.50 in the week of 8/28/2000 then for several years suffered the 3 swings lower pullback into the week of 3/2/2009 to a price low at 5.73. From there the stock has lagged it’s underlying indices $SPX and $INDU and has not matched the cycle highs when it bounced and has been the worst performing stock of the $INDU as of late. This is usually an obvious technical red flag when a stock does not run the same cycle with the underlying index it is a component of.

    Thirdly, and to conclude. From 3/2/2009 the stock price shows 5 swings up into the 33.00 price registered on 7/20/16 that I’m suggesting & as shown below is a larger degree diagonal ((A)) or even a ((1)) possibly. The dip was a larger 3 swings and appears to have been correcting the cycle up from 2009. As mentioned earlier “I suspect the bounce is technical or at a minimum immaculate timing of the news to go with the technical view”. As you can notice the bounce began about three weeks before the resignation of Jeff Immelt. Price did swing lower into the extension area we will normally expect a bounce from. The sequence and move lower from the 7/20/2016 highs appears to have ended that cycle lower per our usual trend following system here thus when dips are seen, we will look for them to remain above the 27.10 lows for a sustained move higher.

    Kind regards & good luck trading.

    [​IMG]
     
  18. Jack Levy

    Jack Levy Well-Known Member

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    Today turned out to be a fake out. It was all about one thing, expiration day on oil contract futures. Oil bottomed, look to bounce.
     
    Charles Noble and fidelgeorge like this.
  19. Jack Levy

    Jack Levy Well-Known Member

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    Do not listen to some of the noise here, GE will not cut the dividends if they are buying their shares back no cut. Trust the data, forget the noise, if the company buy their shares back I buy side by side with them and think about it. BUY and HOLD.
     
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  20. fidelgeorge

    fidelgeorge Well-Known Member

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    What exactly is going on here? Who gives a shi* what Warren Buffet did 3 months ago. Perhaps, in another 3 months, he'll stop breathing.
     
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