Domingo Halliburton
Handmade in USA
Ten year above 2.9%
Boiler Room: The Official Stock Market Discussion
I can't remember which one of you had GE stock. Time to buy?
General Electric shares jump 5% as earnings top estimates, backs 2018 outlook
CBNC
Earnings in the latest period were fueled by strong performance by the company's aviation, healthcare, renewables, transportation and corporate units, partly offset by power, oil and gas and GE Capital units.
GE said the power market continues to be challenging, with orders down 29 percent. However, it called out that it is making progress on costs and service execution.
Shares of GE rose 5 percent in premarket trading following the report.
In the first quarter, the company posted a net loss of 14 cents a share, which was wider than the loss of a penny a share a year ago. However, on a continuing basis, GE net income was 4 cents a share in the latest period, up from 1 cent a share year ago.
On an adjusted basis, however, GE earned 16 cents a share, which was higher than the 11 cents a share that analysts were expecting, according to Thomson Reuters.
First-quarter total revenue rose 7 percent to $28.66 billion, greater than the $27.45 billion expected by Thomson Reuters.
"The first quarter is a step forward in executing on our 2018 plan and we are seeing signs of progress in our performance," said GE Chairman and CEO John Flannery, in the company's earnings release. "Industrial earnings, free cash flow, and margins all improved year over year. We reduced Industrial structural costs by $805 million and are on track to exceed our cost reduction goal of $2 billion in 2018."
The first-quarter report offers further relief for GE, after last week's earnings restatement also held no nasty revelations. The restatement came largely in-line with what the company announced during its fourth-quarter call with investors, with no repercussions for the company's expected 2018 earnings.
In the latest quarter, GE recorded reserves of $1.5 billion for potential liabilities from the U.S. Justice Department investigation in connection with alleged subprime mortgage violations for GE Capital's now defunct WMC mortgage business. Deutsche Bank had estimated GE had $426 million set aside, while Bank of America said its model assumes about "$1 billion of cash outflow to settle" the WMC claims.
The embattled industrial conglomerate saw its shares drop to the lowest level since July 2009 as Wall Street and the media alike questioned the risks lurking within GE Capital's portfolio. The stock has slid 21 percent since January, when GE first announced a review of its GE Capital insurance portfolio. There were no updates in Friday's report regarding the SEC investigation into GE's accounting practices regarding the GE Capital review.
General Electric shares jump 5% as earnings top estimates, backs 2018 outlook
CBNC
- GE reported first-quarter earnings that exceeded expectations.
- The first quarter report offers further relief for GE, after last week's earnings restatement also held no nasty revelations.
- GE said the power market continues to be challenging with orders down 29 percent.
Earnings in the latest period were fueled by strong performance by the company's aviation, healthcare, renewables, transportation and corporate units, partly offset by power, oil and gas and GE Capital units.
GE said the power market continues to be challenging, with orders down 29 percent. However, it called out that it is making progress on costs and service execution.
Shares of GE rose 5 percent in premarket trading following the report.
In the first quarter, the company posted a net loss of 14 cents a share, which was wider than the loss of a penny a share a year ago. However, on a continuing basis, GE net income was 4 cents a share in the latest period, up from 1 cent a share year ago.
On an adjusted basis, however, GE earned 16 cents a share, which was higher than the 11 cents a share that analysts were expecting, according to Thomson Reuters.
First-quarter total revenue rose 7 percent to $28.66 billion, greater than the $27.45 billion expected by Thomson Reuters.
"The first quarter is a step forward in executing on our 2018 plan and we are seeing signs of progress in our performance," said GE Chairman and CEO John Flannery, in the company's earnings release. "Industrial earnings, free cash flow, and margins all improved year over year. We reduced Industrial structural costs by $805 million and are on track to exceed our cost reduction goal of $2 billion in 2018."
The first-quarter report offers further relief for GE, after last week's earnings restatement also held no nasty revelations. The restatement came largely in-line with what the company announced during its fourth-quarter call with investors, with no repercussions for the company's expected 2018 earnings.
In the latest quarter, GE recorded reserves of $1.5 billion for potential liabilities from the U.S. Justice Department investigation in connection with alleged subprime mortgage violations for GE Capital's now defunct WMC mortgage business. Deutsche Bank had estimated GE had $426 million set aside, while Bank of America said its model assumes about "$1 billion of cash outflow to settle" the WMC claims.
The embattled industrial conglomerate saw its shares drop to the lowest level since July 2009 as Wall Street and the media alike questioned the risks lurking within GE Capital's portfolio. The stock has slid 21 percent since January, when GE first announced a review of its GE Capital insurance portfolio. There were no updates in Friday's report regarding the SEC investigation into GE's accounting practices regarding the GE Capital review.
Domingo Halliburton
Handmade in USA
You know i was literally going to post "should i sell FB into earnings?" a couple days ago and I could have made like 200 bucks. But i held and now im about even to where i bought. Hoping for an earnings beat. It's only like 3 grand so it's not like I'm going to jump out a window when this inevitably tanks after hours.
Domingo Halliburton
Handmade in USA
NYSE having issues and suspending trading in some stocks.
Domingo Halliburton
Handmade in USA
Microsoft almost has a bigger market cap than Amazon 
Domingo Halliburton
Handmade in USA
Facebook. 
ogc163
Superstar
Captain Crunch
Veteran
I’m looking to buy stocks to hold and make money off dividends. With that in mind, should I sell my Ford stock given that their drastically cutting production on cars?
It feels like I should sell, but then again I don’t think I should quit on an investment given I purchased Ford less than a week ago.
It feels like I should sell, but then again I don’t think I should quit on an investment given I purchased Ford less than a week ago.
Camile.Bidan
Banned
Having been investing for years... playing the day trading game is the most stupid idea ever.
You ain't going to beat the market at on a ten or 5 year average.
Don't pick stocks. Just buy ETFs or vanguard mutual funds and that's it.
If you have a few 100 thousand sitting around, it's way better to either buy rental property or open sometype of small business.
Everyone is a stock genius in a bull market, then they somehow all become socialists and communist in a bear market.
You ain't going to beat the market at on a ten or 5 year average.
Don't pick stocks. Just buy ETFs or vanguard mutual funds and that's it.
If you have a few 100 thousand sitting around, it's way better to either buy rental property or open sometype of small business.
Everyone is a stock genius in a bull market, then they somehow all become socialists and communist in a bear market.
Futuristic Eskimo
All Star
From what I read, they are moving their North American production capacity to more high-margin models (e.g. commercial vehicles, trucks, SUVs) which should free up a lot of capital in the coming years. Cutting production isn't necessarily a negative for the stock. if their margins improve and they up their buybacks and dividends, might be a good hold.
Take this post with a grain of salt as I haven't read enough to make an informed call one way or the other.
dish lowry
Pro
ford is a great long term stock imo. i have it in my roth & never worry about it.
upside: #1 in trucks, best hybrids, one of the most recognized brands, good dividends. and they're at the forefront of self-driving cars.
https://www.freep.com/story/money/cars/2018/03/19/ford-pickup-trucks-fseries-facebook/438515002/
+ teaming up with domino's, one of the best stocks out there.
at worst, it'll move sideways for a couple years and be kinda frustrating. but they're aggressive & they have a plan.
upside: #1 in trucks, best hybrids, one of the most recognized brands, good dividends. and they're at the forefront of self-driving cars.
https://www.freep.com/story/money/cars/2018/03/19/ford-pickup-trucks-fseries-facebook/438515002/
+ teaming up with domino's, one of the best stocks out there.
at worst, it'll move sideways for a couple years and be kinda frustrating. but they're aggressive & they have a plan.
Google's 'Project Fi' works off of Sprint and T-Mobile towers. I wonder if this will help them.