2%.
May 2, 2023
Trending News ☀️
General Electric ($NYSE:GE) (GE) is a leading diversified industrial company, operating in sectors such as energy, aviation, healthcare, and finance. On April 29, 2023, TCI Wealth Advisors Inc announced that its stake in General Electric stock had increased by an impressive 41.32%. This marked a 32% increase in the value of TCI’s holdings in the company and gave investors confidence in GE’s ability to continue to produce strong returns. The rise in GE stock was largely attributed to the company’s continued success in its core businesses and the announcement of new strategic initiatives. GE also received recognition for its impressive financial performance and increased presence in global markets.
Moreover, the company’s commitment to innovation and sustainable business practices has helped it remain competitive in a rapidly changing environment. With this announcement, investors have been encouraged to continue to invest in General Electric, confident that the company will continue to perform well and generate strong returns for shareholders. With the addition of TCI’s increased stake, General Electric looks set to continue its success into the future.
Market Price
On Monday, GENERAL ELECTRIC stock opened at $99.5 and closed at $101.2, up by 2.2% from its previous closing price of 99.0. It is likely that their increased stake in the company will bring further returns over the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for General Electric. More…
| Total Revenues | Net Income | Net Margin |
| 78.37k | 8.48k | 5.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for General Electric. More…
| Operations | Investing | Financing |
| 6.21k | 918 | -7.36k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for General Electric. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 164.47k | 131.65k | 29.07 |
Key Ratios Snapshot
Some of the financial key ratios for General Electric are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.7% | -17.1% | 13.5% |
| FCF Margin | ROE | ROA |
| 6.0% | 19.4% | 4.0% |
Analysis
At GoodWhale, we took an in-depth look into GENERAL ELECTRIC‘s financials, and our Star Chart analysis revealed that this company has a high health score of 8/10 considering its cashflows and debt. This indicates that GENERAL ELECTRIC is capable to sustain future operations in times of crisis. We further examined its performance across several categories, and found that GENERAL ELECTRIC is strong in dividend, medium in terms of asset, profitability and weak in growth. Based on these characteristics, we classified GENERAL ELECTRIC as a ‘cow’, meaning a company with the track record of paying out consistent and sustainable dividends. Given its solid performance in dividend and ability to sustain operations, investors who are looking for safe, reliable income may be interested in this company. More…
Peers
In the competitive world of today’s businesses, it is not uncommon for companies to find themselves in head-to-head battles with their competitors. This is certainly the case for General Electric Co, which finds itself up against such companies as Siemens AG, MotorVac Technologies Inc, and Hangzhou Zhongtai Cryogenic Technology Corp. While each of these companies has its own strengths and weaknesses, it is clear that GE has its work cut out for it if it wants to stay ahead of the competition.
– Siemens AG ($OTCPK:SIEGY)
Siemens AG is a German conglomerate company headquartered in Munich and the largest industrial manufacturing company in Europe with branch offices abroad. The principal divisions of the company are Industry, Energy, Healthcare (Siemens Healthineers), and Infrastructure & Cities, which represent the main activities of the company. Siemens AG is organized into four main business sectors: Industry, Energy, Healthcare, and Infrastructure & Cities.
– MotorVac Technologies Inc ($OTCPK:MVAC)
MotorVac Technologies Inc is a publicly traded company with a market capitalization of $4.62 million as of 2022. The company is engaged in the development, manufacturing and marketing of vehicle service equipment for the automotive aftermarket industry. Its products are used in the maintenance and repair of vehicles.
– Hangzhou Zhongtai Cryogenic Technology Corp ($SZSE:300435)
Hangzhou Zhongtai Cryogenic Technology Corp is a publicly traded company with a market cap of 5.42 billion as of 2022. The company has a return on equity of 8.72%. The company is involved in the manufacturing of cryogenic equipment and products. The company’s products are used in a variety of industries, including the medical, scientific, and industrial fields.
Summary
General Electric (GE) has been an attractive stock for investors due to its diverse portfolio and steady growth. Recently, TCI Wealth Advisors Inc announced an increase in their stake in GE shares of 41%, a strong indication of their confidence in the market performance of the company. Analysts suggest that GE is an attractive investment option due to its strong cash flow, and excellent balance sheet.
They further point out that with the current market conditions, GE is well positioned to continue its successful operations and is likely to generate substantial returns for the long term investor. With a solid dividend yield and ample opportunities for growth, GE is an attractive option for those looking for a well-established company with a track record of success and stability.
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