Portfolio manager Michael Kon began buying General Electric Co shares about a ye...
NEW YORK - Portfolio manager Michael Kon began buying General Electric Co shares about a year ago and got more last fall after GE Chief Executive Larry Culp outlined plans to reboot the ailing power-plant unit.
Wall Street analysts expect GE to earn 70 cents a share this year and generate $1.9 billion in free cash flow, on average, according to data from Refinitiv. The camps are unusually divided: Of 19 analysts who cover the company, nine rate its stock “hold” or “strong sell” while 10 rate it “buy” or “strong buy,” according to Refinitiv.Those views did not change much even after GE reported a $22 billion loss in January or told investors last week its industrial businesses will lose cash in 2019.
But others say the changes have clouded GE’s outlook and want Culp to paint a credible picture of its future.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What General Electric investors want from CEO on Thursday: ClarityPortfolio manager Michael Kon began buying General Electric Co shares about a ye...
Read more »
Volkswagen's Electric Plans Please Environmentalists, But Investors Need ConvincingEnvironmentalists were ecstatic after Volkswagen’s annual press conference, while investors looked a bit pensive, wondering if this giant corporation would ever start behaving like a normal company which puts shareholders first.
Read more »
Stocks making the biggest moves premarket: Allergan, General Electric, Qualcomm & moreSome of the names on the move ahead of the open.
Read more »
Toyota wants to send an electric car to the moonToyota has teamed up with Japan's space agency to build a fuel cell–powered electric lunar rover that they aim to send into space in 2029
Read more »
Deutsche Bank, Investors Bank subpoenaed for Trump Organization records by New York attorney generalMichael Cohen told Congress that Donald Trump inflated his assets to improve his odds of buying the National Football League's Buffalo Bills, a gambit that eventually failed. Late Monday night, the office of New York Attorney General Letitia James subpoenaed Deutsche Bank and Investors Bank for
Read more »
Huawei CEO: US scare tactics will frighten off investorsIn a rare interview, the CEO of Huawei has told mattriverscnn that US claims of the company being a security threat are unfounded, and he wants to make that stance clear by suing the US government. Read more:
Read more »
OPEC Secretary General Barkindo wants to find the secret behind US shale's successFacing the loss of output from two member states, OPEC and its partners meet this weekend in Azerbaijan to assess the progress of their agreement to hold back oil from the market.
Read more »
CEOs, investors, and entrepreneurs are among those named in the college admissions cheating scandal — here are the 22 business leaders who've been charged by the FBIExecutives in finance, real estate, and other industries are among dozens indicted by the FBI in an alleged scheme to get students into elite colleges.
Read more »
The Trade Desk's CEO shot down investors' biggest worry about competition from Amazon, and it could reveal major flaw in the e-commerce giant's plan to win over big advertisersThe Trade Desk CEO Jeff Green says that Amazon has an 'objectivity problem' when it comes to convincing brands to run campaigns on its platform.
Read more »
A 10-year-old wants to start his own airline. The Qantas CEO had some advice.Australian schoolboy Alex Jacquot pointedly asks Qantas chief Alan Joyce to take him seriously. The CEO responds with an offer befitting a future titan of industry.
Read more »