Industrials

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

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

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

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

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

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

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?

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

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

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?

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

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

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

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

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?

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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