Industrials

PG&E Cuts Off Power, Costs California Economy $2.6 Billion

Posted: October 9, 2019 at 1:20 pm

All those years of insufficient maintenance caught up with PG&E Corp. (NYSE: PCG) in 2017 and 2018 when wildfires raged through Northern California destroying thousands of homes and causing at ...
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GE Slashes Pension Benefits by Up to $8 Billion

Posted: October 7, 2019 at 9:40 am

Last year, General Electric Co. (NYSE: GE) posted third-quarter free cash flow of negative $3.35 billion, about $5 billion of which reflected a contribution to the company's pension funding. In ...
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2 Water Scarcity Picks for Secular Growth and Value

Posted: October 2, 2019 at 11:50 am

In periods of uncertainty, investors often turn to some of the less volatile sectors that are expected to experience secular growth and steady earnings. Investors will want to be in ...
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4 Industrial and Chemicals Picks for Solid Upside

Posted: September 13, 2019 at 10:15 am

With the S&P 500 somehow back up to within 1% of its all-time highs, analysts and investors alike are playing catch-up. Janney has revisited its industrials and chemicals picks, and ...
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General Electric to Shed Controlling Interest in Baker Hughes

Posted: September 11, 2019 at 8:30 am

Late Tuesday afternoon, Baker Hughes, a GE Company (NYSE: BHGE), announced a secondary offering of 105 million shares of Class A common stock. All the shares are being sold by ...
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CEO Change at Deere May Alter How It Views Growth & Opportunities

Posted: August 29, 2019 at 4:00 pm

It's not unusual for management changes to be announced in Corporate America. In fact, some companies rotate in and out of senior management as if the company is a ride ...
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Is GE Up Off the Ropes?

Posted: August 16, 2019 at 11:10 am

It's pretty hard to deny that General Electric Co. (NYSE: GE) stockholders suffered a bloodbath on Thursday. The company's shares had dropped 11% by the closing bell, following a scathing ...
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Deere’s Earnings, Outlook Can’t Escape Economic Uncertainty

Posted: August 16, 2019 at 7:35 am

Deere & Co. (NYSE: DE) reported third-quarter fiscal 2019 results before markets opened Friday. The farm and heavy equipment maker posted diluted earnings per share (EPS) of $2.81 on revenues ...
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Whistleblower Sends GE Shares to the Doghouse

Posted: August 15, 2019 at 12:50 pm

General Electric Co. (NYSE: GE) is having a bad day. The stock traded down nearly 14% early Thursday following a report from whistleblower Harry Markopoulos, the guy who brought down ...
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Is General Electric Really Recovering?

Posted: August 12, 2019 at 11:45 am

As of Friday's closing bell, General Electric Co. (NYSE: GE) stock had added more than 25% in 2019. Very good, but still a recovery of only about half its share ...
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The Goldman Sachs Downgrade of Caterpillar May Actually Be Good News

Posted: August 8, 2019 at 11:40 am

Caterpillar Inc. (NYSE: CAT) has lost one of its long-time bullish supporters. Goldman Sachs downgraded the heavy equipment giant to Neutral from Buy in the daily top analyst upgrades and ...
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Why Investors Are Looking at the 3M Turnaround Much Closer for 2020

Posted: August 6, 2019 at 10:13 am

3M Co. (NYSE: MMM) has had a slate of challenges for the past year and a half. After everything was chugging along to perfection in 2017, then 2018 and ...
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Why Investors Are Looking at the 3M Turnaround Much Closer for 2020

Posted: August 1, 2019 at 6:30 am

3M Co. (NYSE: MMM) has had a slate of challenges for the past year and a half. After everything was chugging along to perfection in 2017, then 2018 and 2019 ...
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It Didn’t Take Long for GE Stockholders to Find the Q2 Earnings Weakness

Posted: July 31, 2019 at 1:20 pm

Count JPMorgan analyst Steve Tusa as one of the doubters about Wednesday morning's early buoyancy over General Electric Co. (NYSE: GE). In a note to clients cited by Barron's, Tuva ...
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What Do Investors Like Best About GE Earnings?

Posted: July 31, 2019 at 8:40 am

General Electric Co. (NYSE: GE) reported first-quarter 2019 results before markets opened Wednesday. The conglomerate reported adjusted earnings per share (EPS) of $0.17 on revenues of $28.83 billion. In the ...
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