CNBC’s Jim Cramer was looking for some reassurance when he and his “Squawk on the Street” colleagues Carl Quintanilla and David Faber interviewed the CEO of General Electric on Tuesday. “While I’m very interested in his plans for the future, I did want some sort of ‘truth and reconciliation’ before I’d be willing to recommend […]
Read moreEvery time the market pulls back, CNBC’s Jim Cramer sees tons of people get scared out of their wits about a potential crash. “Don’t get me wrong, it’s OK to be concerned. You should always keep a close eye on your stocks — they’re not cash,” the “Mad Money” host said. “But I think worries […]
Read moreTuesday was the “worst day of my business life,” former General Electric vice chairman Bob Wright told CNBC, after shares plunged for the second day in a row. However, he doesn’t plan on selling the stock now. “I’m going to trust the history of this company, the quality of the people that are there,” he […]
Read moreThere’s an odd chill in the air on Wall Street, but many analysts are shrugging it off as a temporary cooling of a market that still has room to run. Continuing a choppy trend of the last several sessions, stocks Tuesday seesawed and closed lower. The dollar weakened, as commodities like copper and oil sold […]
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One of the top three worries for investors right now is a crash in global bond markets. When asked what poses the biggest “tail risk,” or worry for the financial market, 22 percent of global investors considered the biggest risk to be a sharp drop in bonds, according to Bank of America Merrill Lynch’s November […]
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The decision by General Electric to cut its dividend in half as the company restructures should be a warning to investors: Don’t count on income from dividends. GE’s move reduces its quarterly dividend to 12 cents a share from 24 cents and will give its shareholders $4.1 billion less each year. Because the company has […]
Read moreWhile many of its peers are giving up on General Electric, Bank of America Merrill Lynch still recommends the industrial giant’s stock. We are “sticking with a buy despite a disappointing outlook,” analyst Andrew Obin wrote in a note to clients Tuesday. “We believe that GE has significant cost cutting opportunities under the new leadership. […]
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GE shares broke below $18 for the first time since December 2011 on Tuesday, as the stock’s electric slide continued for the second-straight session. The ailing behemoth saw its shares slide as much as 7 percent on Monday, for its worst trading day since 2009, following a dividend cut and a weak 2018 forecast released […]
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General Electric‘s dividend could still be in danger even after the industrial giant slashed it in half, an analyst at JPMorgan said Tuesday. “The cut was within the realm of possibility, and is fundable in the near term with debt and asset sales, though a downturn or spin/split would make for another chapter in this […]
Read moreThe rough year for General Electric shareholders will not end anytime soon because the company’s new turnaround plan did not meet expectations, according to Wall Street analysts. GE shares had their worst day since 2009 on Monday, falling 7 percent after the company reduced its dividend and unveiled a restructuring plan during its investor day. […]
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