General Electric Co News and Headlines -

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Guru stock highlight

General Electric (GE) (22%, 1.50%), the revitalized Aviation, Healthcare and Power conglomerate, was a top contributor following on its strong 4Q 2020 performance. Fourth-quarter Healthcare results were excellent, with revenues up 6% year-over-year (YoY), operating margins up 3% to 20% and strong FCF conversion. The Power and Renewables segment improved margins due to strength from gas plant services. With flight traffic increasing, Aviation appears likely to begin a multi-year recovery in the second half of this year. GE also swapped its aircraft leasing operations to AerCap for a 46% stake in the combined company, intelligently wrapping up its previously

120 Views    Sydnee Gatewood    2021-04-15 19:57
Discussion of markets and holdings

Longleaf Partners Fund added 18.22% in the first quarter, nearly tripling the S&P 500's 6.18% return. Every company was positive in the quarter, with last year's largest COVID laggards rebounding to help drive strong absolute and relative results. The Fund's average 17% cash position was the only meaningful relative drag on returns, with stock selection (and strong stock-specific performance) within the Communications Services, Consumer Discretionary and Financials sectors driving outperformance. We did not own the banks and lower-quality companies that largely drove the large-cap value performance rally.

Since we are bottom-up business appraisers and long-term business owners, the most important

50 Views    Sydnee Gatewood    2021-04-15 16:52
Cincinnati, OH, based Investment company Gateway Investment Advisers Llc (Current Portfolio) buys Tesla Inc, Wells Fargo, General Electric Co, General Motors Co, NXP Semiconductors NV, sells Philip Morris International Inc, AT&T Inc, Emerson Electric Co, Mastercard Inc, Entergy Corp during the 3-months ended 2021Q1, according to the most recent filings of the investment company, Gateway Investment Advisers Llc. As of 2021Q1, Gateway Investment Advisers Llc owns 533 stocks with a total value of $9.2 billion. These are the details of the buys and sells.
0 Views    insider    2021-04-14 20:38
A look back at some of Charlie Munger's comments

Finding a business with a sustainable moat is tough, really tough. In reality, there are only ever going to be a handful of these businesses. Many more companies will gain and lose their competitive advantages over time.

To truly understand these ideas, we first have to go back to understand what drives a competitive advantage.

What drives competitive advantages

Charlie Munger (Trades, Portfolio) has explained there are two ways a company can build a competitive advantage: through economies of scale or with network effects.

I'm simplifying Munger's comments here, but the overarching lesson remains the same. Economies

225 Views    Rupert Hargreaves    2021-04-13 18:11
Investment company PBWM Holdings, LLC (Current Portfolio) buys Vanguard Short-Term Bond ETF, VEREIT Inc, M&T Bank Corp, Tesla Inc, TJX Inc, sells iShares Core U.S. Aggregate Bond ETF, VEREIT Inc, Vanguard Intermediate-Term Bond ETF, Vanguard Russell 1000 Index Fund, International Business Machines Corp during the 3-months ended 2021Q1, according to the most recent filings of the investment company, PBWM Holdings, LLC. As of 2021Q1, PBWM Holdings, LLC owns 129 stocks with a total value of $517 million. These are the details of the buys and sells.
0 Views    insider    2021-04-12 20:38
Boston, MA, based Investment company Woodstock Corp (Current Portfolio) buys APA Corp, Southwestern Energy Co, General Electric Co, Regeneron Pharmaceuticals Inc, Aspen Technology Inc, sells APA Corp, General Mills Inc, Viatris Inc, Walgreens Boots Alliance Inc, American Electric Power Co Inc during the 3-months ended 2021Q1, according to the most recent filings of the investment company, Woodstock Corp. As of 2021Q1, Woodstock Corp owns 190 stocks with a total value of $786 million. These are the details of the buys and sells.
0 Views    insider    2021-04-05 16:38
The firm's move to Florida has resulted in leadership changes

Billionaire investor Carl Icahn (Trades, Portfolio) revealed that former General Electric Co. (GE) executive Aris Kekedjian was chosen to take charge of his namesake investment firm, Icahn Enterprises LP (IEP).

As a result of its relocation from New York to Florida, CEO Keith Cozza and Chief Financial Officer SungHwan Cho are departing the firm in the coming months. A new CFO will also be chosen in the future.

Kekedjian, who was the chief investment officer at GE until 2019, started his new role on Monday according to the Wall Street Journal. During his three-decade career with GE,

329 Views    Sydnee Gatewood    2021-04-05 16:24
To create future value, companies must first develop moats to protect their businesses from competition and preserve a positive economic profit

Valuation is at the core of security analysis, but what creates value? The company behind an equity security.

In their 1961 article, "Dividend Policy, Growth, and the Valuation of Shares," Merton Miller and Franco Modigliani break the company's value creation process into two parts, steady-state value and future value.

In this model, the value of the company is equal to the sum of steady-state and future value creation. Meanwhile, the company's value is equal to debt plus equity. Thus, equity value is equal to the sum of steady-state and future value creation minus debt.

This discussion focuses

116 Views    Panos Mourdoukoutas    2021-03-24 18:55
Insiders load up on Oracle, General Electric, Crown Castle International and Keurig Dr Pepper

The largest insider buys this week were in Oracle Corp. (ORCL), General Electric Co. (GE), Crown Castle International Corp. (CCI) and Keurig Dr Pepper Inc. (KDP).

Oracle director bought 10,242 shares

Director Rona Alison Fairhead bought 10,242 shares of Oracle (ORCL) on March 16 for an average price of $67.27. The share price has fallen 1.5% since then.

Oracle is an American computer technology company that sells database software, enterprise software products and cloud engineered systems. In 2019, the company was the second-largest software company by revenue and market capitalization. It is also a component of the S&P 100. The

333 Views    Shuda Xia    2021-03-20 21:15
S&P 500 up 0.60%

The Dow Jones Industrial Average closed at 32,297.02 on Wednesday with a gain of 464.28 points or 1.46%. The S&P 500 closed at 3,898.81 for a gain of 23.37 points or 0.60%. The Nasdaq Composite closed at 13,068.83 for a loss of 4.99 points or -0.04%. The VIX Volatility Index was lower at 22.56 for a loss of 1.47 points or -6.12%.

Wednesday's Market Movers

U.S. stocks ended mostly flat Wednesday as investors awaited final word on a stimulus bill vote in the House of Representatives. The bill was passed in the late afternoon Wednesday.

Other top headlines for the

40 Views    Julie Young    2021-03-11 14:40
The $30 billion deal will create a massive lessor in the aviation industry

Furthering its efforts to reduce debt and strengthen its core businesses, General Electric Co. (GE) announced on Wednesday it is selling its GE Capital Aviation Services division to AerCap Holdings NV (AER).

The $30 billion deal will create a massive lessor in the aviation industry, which has been struggling throughout the Covid-19 pandemic on reduced travel demand.

According to the terms of the agreement, the Boston-based industrial giant will retain a 46% stake in the combined aircraft leasing company and receive about $24 billion in cash. For its part, GE will transfer $34 billion worth of GECAS' net assets, including

386 Views    Sydnee Gatewood    2021-03-10 17:41
Nasdaq Composite returns -2.41%

The Dow Jones Industrial Average closed at 31,802.44 on Monday with a gain of 306.14 points or 0.97%. The S&P 500 closed at 3,821.35 for a loss of 20.59 points or -0.54%. The Nasdaq Composite closed at 12,609.16 for a loss of 310.99 points or -2.41%. The VIX Volatility Index was higher at 25.47 for a gain of 0.81 points or 3.28%.

Monday's Market Movers

U.S. stocks ended mostly lower Monday, though the Dow Jones reported a gain. Tech stocks led the day's losses and the Nasdaq Composite fell into correction territory. Tech stocks have been hit the hardest from

35 Views    Julie Young    2021-03-09 14:55
Changes to top holdings Citigroup and GE

Hotchkis & Wiley (Trades, Portfolio) have revealed its portfolio for the fourth quarter of 2020. Major trades include reductions in General Electric Co. (GE) and FedEx Corp. (FDX), new buys in Bristol-Myers Squibb Co. (BMY) and Host Hotels & Resorts Inc. (HST) and an addition to the firm's Citigroup Inc. (C) holding.

The Los Angeles-headquartered investment firm focuses exclusively on finding and owning undervalued companies that have a significant potential for appreciation. Its focused, value-orientated approach looks to parameters such as a company's tangible assets, sustainable cash flow and potential for improving business performance to find

455 Views    Graham Griffin    2021-03-01 21:22
Several important metrics have reversed since the former head of Danaher took over

After being on a toboggan slope since July 2016, General Electric Co.(GE) may be making a comeback. The share price, battered by the Covid-19 crash last spring, dropped to a low of $5.83 in May 2020. Since then, it has more than doubled to $12.54 at the close on Feb. 26; here's a 10-year price chart:

General Electric price chart

Of course, it's had many false starts in the past since peaking at $56.11 in September 2000. Will it be different this time? There are some reasons to think so.

What is General Electric?

It began in

1640 Views    Robert Abbott    2021-02-26 23:15
How Larry Culp's lean manufacturing principles apply to our investing framework

Introduction: What is lean manufacturing?

Some weeks ago, Larry Culp, chairman and CEO of General Electric (GE), was hosted by Southeastern Asset Management's Vice Chairman Staley Cates in an interview focused on lean manufacturing principles and culture.

Before becoming CEO of GE, Culp was president and CEO of Danaher from 2000 to 2014. During this time, both the company's revenue and stock price went up five-fold. His secret sauce is the lean approach to manufacturing.

This discussion will explore how some of the lean culture principles can be applied to our value investing framework.

The parallelism between those

1499 Views    Nicola Guida    2021-02-06 22:45
Discussion of markets and holdings

Dear Shareholders:

Overview

The FPA Crescent Fund – Institutional Class ("Fund" or "Crescent") gained 18.15% for the fourth quarter and 12.11% for the full year 2020.1

The Fund's performance and that of its underlying equity exposure can be considered in the context of the following illustrative indices.

Exhibit A: Performance versus Illustrative Indices2

108 Views    Sydnee Gatewood    2021-02-04 21:19
S&P 500 down -0.15%

The Dow Jones Industrial Average closed at 30,937.04 on Tuesday with a loss of 22.96 points or -0.07%. The S&P 500 closed at 3,849.62 for a loss of 5.74 points or -0.15%. The Nasdaq Composite closed at 13,626.06 for a loss of 9.93 points or -0.07%. The VIX Volatility Index was lower at 23.02 for a loss of 0.17 points or -0.73%.

Tuesday's Market Movers

U.S. indexes ended lower Tuesday. Earnings reports topped the headlines.

  • General Electric (GE): Revenue of $21.9 billion decreased -16.5% year over year and beat estimates by $280 million. Q4 GAAP EPS of $0.27 beat
33 Views    Julie Young    2021-01-27 14:59
The industrial giant missed earnings forecasts, but shares popped on strong cash flows

Before the markets opened on Jan. 26, General Electric Co. (GE) reported its earnings results for the fourth quarter and full year of 2020.

Although the company missed Wall Street's estimates on the earnings front, it posted a revenue beat on strong industrial free cash flow, as well as an optimistic forecast for 2021. Following the good news, shares jumped more than 5% to around $11.56 apiece in mid-day trading.

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Earnings results

For the quarter, General Electric reported earnings per share of 27 cents on a GAAP basis and 8 cents on an adjusted

400 Views    Margaret Moran    2021-01-26 20:58
Markets up, shares of General Electric jump following quarterly results

US Markets

U.S. stocks were up on Tuesday morning, with the S&P 500 hitting a record intraday high. The Dow gained 0.09% to 30,986, the S&P 500 index gained 0.07% to 3,858 and the Nasdaq Composite Index was up 0.26% to 13,671.

Gainers

• Twitter Inc (TWTR) +6.2%

• Kroger (KR) +3.7%

• Raytheon Technologies Corp (RTX) +3.1%

• 3M Co (MMM) +2.8%

• ONEOK Inc (OKE) +0.8%

Losers

• Rockwell Automation Inc (ROK) -5.7%

• Freeport-McMoRan Inc (FCX) -5.3%

• Masco Corp (MAS) -2.8%

• Verizon Communications Inc (VZ) -2.7%

• Xerox Holdings Corp (XRX) -3.4%

• AES

115 Views    Omar Venerio    2021-01-26 16:31
Aviation segment recorded a 35% sales decline

General Electric Co. (GE) released its fourth-quarter results before the opening bell on Jan 26. The U.S.-based industrial conglomerate registered better-than-expected revenue for the quarter thanks to robust sales in the power and renewable energy segments. However, the company's earnings fell short of estimates.

The company's shares surged 5.8% to $11 per share in pre-market trading following the earnings announcement.

Performance at a glance

The company recorded adjusted earnings of 8 cents per share for the quarter, which missed Wall Street's estimates of EPS of 9 cents per share. Revenue amounted to $21.93 billion, which was more than the anticipated

110 Views    Mayank Marwah    2021-01-26 16:27

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Q4 2020

2020

Crescent

18.2%

12.1%

Crescent – Long Equity

23.8%

12.6%

2021-04-16 $ 13.39 (-1.18%)
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2021-01-26 $ 11.29 (2.73%)
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2021-01-25 $ 10.99 (-1.08%)
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2021-01-22 $ 11.11 (0.36%)
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