UBS Raises Price Target on General Electric (GE) to $37 Following 2Q

Standpoint Research Starts General Electric (GE) at Sell

July 22, 2016 9:31 AM EDT

Standpoint Research initiated coverage on General Electric (NYSE: GE) with a Sell rating and a price target of $26.00.

For an analyst ratings summary and ratings history on General Electric click here. For more ratings news on General Electric click here.

Shares of General Electric closed at $32.59 yesterday.

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Pre-Open Stock Movers 07/22: (PBYI) (EYES) (PFPT) (AMD) Higher; (OPTT) (OLN) (SKX) Lower (more...)

July 22, 2016 9:29 AM EDT

Today's Pre-Open Stock Movers

Puma Biotechnology, Inc. (NYSE: PBYI) 19.8% HIGHER; submitted a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) for its lead product candidate PB272 (neratinib) for the extended adjuvant treatment of patients with early stage HER2-overexpressed/amplified breast cancer who have received prior adjuvant trastuzumab (Herceptin®)-based therapy. Also, announced updated results from the Phase III clinical trial of Pumas investigational drug PB272 (neratinib) for the extended adjuvant treatment of... More

Wall St. rises, racks up fourth straight week of gains

July 22, 2016 7:50 AM EDT

By Lewis Krauskopf

(Reuters) - Wall Street rose on Friday, clinching the fourth straight positive week for the stock market, boosted by strength in telecom stalwarts AT&T and Verizon.

A U.S. manufacturing report also came in above expectations, building on upbeat data from earlier in the month.

Gains were limited by weakness in reports from industrial companies including General Electric.

The S&P and Dow have broken to all-time records in the past two weeks for the first time in more than a year amid a better-than-feared corporate earnings season. The... More

Stocks and options expected to be active: HON GE CMG P WHR SBUX CMG T HON T PYPL AAL P SKX

July 22, 2016 7:04 AM EDT

Stocks and options expected to be active: HON GE CMG P WHR SBUX CMG T HON T PYPL AAL P SKX

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GE reports weak demand for oil, transport equipment; profit beats

July 22, 2016 6:50 AM EDT

By Alwyn Scott

NEW YORK (Reuters) - General Electric Co (NYSE: GE) on Friday reported weak demand for new oil, gas and transportation equipment, raising concerns about its full-year performance and sending its shares down as much as 2.8 percent.

Still GE, long considered a bellwether for the U.S. economy, posted adjusted second-quarter earnings of 51 cents a share that topped analysts' estimates of 46 cents, according to Thomson Reuters I/B/E/S.

GE also affirmed its 2016 operating outlook and forecast that strong growth would continue in the second half.

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General Electric (GE) Tops Q2 EPS by 5c; adj.-Backlog Up 6%

July 22, 2016 6:30 AM EDT

(Updated - July 22, 2016 6:35 AM EDT)

General Electric (NYSE: GE) reports Q2 operating and verticals EPS of $0.51, $0.05 better than the analyst estimate of $0.46. Revenue was $33.49 billion, versus the consensus of $31.76 billion.

Record backlog $320 billion, +17% vs 2Q15, +6% ex. AlstomOrders -2%, -16% organicReaffirm 2016... More

S&P 500 companies start facing up to the potential Brexit costs

July 22, 2016 1:14 AM EDT

By Noel Randewich and Caroline Valetkevitch

SAN FRANCISCO/NEW YORK (Reuters) - U.S. companies, facing investors in their first profit reporting season since Great Britain voted to leave the European Union, are broadly conceding that the so-called "Brexit" could weigh on earnings.

Companies from General Motors (NYSE: GM) to Yum Brands (NYSE: YUM) to FedEx (NYSE: FDX) say they do expect a hit, though it is too soon to tell how deep it may be or when it will come.

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U.S. stocks keep winning streak, sterling drops

July 21, 2016 8:19 PM EDT

By Richard Leong

NEW YORK (Reuters) - U.S. stock prices rose on Friday, marking four straight weeks of gains, while sterling dropped on bleak data that raised fears about a possible British recession following the country's June 23 vote to leave the European Union.

Concerns about global oversupply hurt oil prices, increasing their weekly losses.

Bond and gold prices fell on expectations the Federal Reserve may raise interest rates by year-end following a recent batch of encouraging U.S. economic data.

"Earnings have been positive for the most part. You have a strong package of... More

Trading Radar for 7/22: GE (GE), American Airlines (AAL), Honeywell (HON), Whirlpool (WHR), SunTrust (STI) Report

July 21, 2016 2:11 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Earnings:

Acme United (NYSE: ACU) - consensus EPS $0.78
American Airlines (Nasdaq: AAL) - consensus EPS... More

General Electric (GE) volatility increases into Q2 and outlook

July 21, 2016 12:17 PM EDT

General Electric (NYSE: GE) July weekly call option implied volatility is at 54, August is at 19; compared to its 52-week range of 14 to 37 into the expected release of Q2 on July 22.

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U.S. CEOs back board diversity, GAAP adherence in reform push

July 21, 2016 10:43 AM EDT

By Ross Kerber

BOSTON (Reuters) - Leaders of top U.S. companies and investment firms on Thursday released a set of governance recommendations meant to encourage long-term economic growth, an unusual step that drew mixed reviews from advocates of deeper corporate reforms.

The executive group urged companies to maintain diverse boards, to feel free to avoid issuing earnings guidance, and to report results clearly, in keeping with generally accepted accounting principles, among other suggestions, according to a statement posted on the group's website.

Backers of the principles included well-known chief executives Jamie Dimon of JPMorgan... More