An employee unwraps turbine components inside the General Electric power plant in Veresegyhaz, Hungary.

GE CEO admits regular investors have fled the stock since he cut the dividend

General Electric CEO Larry Culp acknowledged Monday that his decision to slash the quarterly dividend to a penny sent regular investors scrambling. “When we announced on our earnings conference call that we were taking our dividend down to 4 cents a year, we didn’t do anything positive for our retail shareholder base and they have […]

GE responds to JP Morgan price cut as shares plummet

GE responds to JP Morgan price cut as shares plummet

General Electric responded Friday to questions about the company’s financial situation raised by J.P. Morgan analyst Stephen Tusa. GE said it “is a fundamentally strong company with a sound liquidity position. We are taking aggressive action to strengthen our balance sheet through accelerated deleveraging and position our businesses for success.” Shares of GE closed down […]

Wall Street eyes 'likely' cut to GE's dividend

J.P. Morgan slashes GE stock target to $6

Luke Sharrett | Bloomberg | Getty Images An employee helps install a traction motor onto the truck of a General Electric Evolution Series Tier 4 diesel locomotive at the GE Manufacturing Solutions facility in Fort Worth, Texas. J.P. Morgan cut its 12-month price target on General Electric to just $6 a share on Friday, the […]

I can't recommend GameStop here

Don’t buy GE stock until you see cost cuts

General Electric: “Look, let’s hold off [buying] to see if they cut the dividend or maybe have to do a big equity offering, and then we’ll take a look at it. Not until then.” The Hershey Company: “No momentum. No momentum, and they will not put themselves up for sale. That said, I like what […]

GE posts best week since 2009, soars above struggling S&P 500

GE posts best week since 2009, soars above struggling S&P 500

General Electric ended the week up 16.7 percent at $13.18 a share, the stock’s best week in nearly a decade after naming Larry Culp chairman and CEO. GE was far and away the best performing stock in the struggling S&P 500 index, which finished the week down 1 percent overall. GE’s week was the stock’s […]