General Electric Company and 3M Company may be settling into bullish long-term patterns on the weekly chart. General Electric may be in the process of printing a bull flag, while 3M could be setting up the right shoulder of a bullish head-and-shoulder pattern. If the formations are recognized, both stocks could be in for a…
Chart Wars: Between General Electric and 3M, Which Stock Will Soar Higher?
GE Investors Hope Split Remedies Years of Lackluster Performance
November 12, 2021
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NEW YORK—With General Electric’s (GE.N) decision to break up into three separate companies, investors who have held the stock through a long, troubled period may be hoping the move will give the conglomerate’s underperforming shares a jolt. The 129-year-old industrial conglomerate announced on Tuesday it would split into three businesses focusing on aviation, energy and…
‘A Statement of Confidence’: General Electric Analysts React to Breakup Plans
General Electric Company shares pulled back 1 percent on Wednesday after rallying on Tuesday following news the company is planning to break into three different entities. GE announced it will divide into three different companies focusing on aviation, health care and energy. GE is hoping the split will allow the company to unlock value for…
NTD Business Full Broadcast (Nov. 9)
Prices paid to producers stay as high as they’ve been for decades. Gasoline was up almost 7% in the last month alone. General Electric announcing it’s splitting itself into three different companies, after years of its stock underperforming. How could splitting up help? And the supply chain crisis is affecting the pharmaceutical industry. Over 100…
GE to Split Into 3 Companies Focused on Aviation, Healthcare, Energy
General Electric has announced it is splitting into three public companies that will concentrate on aviation, healthcare, and energy. In a Nov. 9 press release (pdf), the company said it plans to spin off GE Aviation, GE Healthcare, and the combined GE Renewable Energy, GE Power, and GE Digital into three separate “industry-leading, investment-grade public companies” in…
GE, AerCap Join Air Leasing Businesses in $30 Billion Deal
General Electric is combining its aircraft leasing business with Ireland’s AerCap Holdings in a deal valued at more than $30 billion, a big step in what has become a six-year odyssey to reshape the one-time sprawling, global conglomerate. By pushing GE Capital Aviation Services, or GCAS, into a separate business, GE is essentially closing the…
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