GE trade ideas
Elliott Wave View: General Electric (GE) Ended 5 Waves RallyThe short-term Elliott wave view in General Electric (GE) ended wave (1) at 88.03 low. Wave (2) rally is currently in progress as a zigzag Elliott Wave structure. Up from wave (1), wave A of the zigzag ended at 100.68 with internal subdivision as 5 waves impulse. Up from wave (1), wave ((i)) ended at 91.77 and pullback in wave ((ii)) ended at 88.05. The stock then extended higher again in wave ((iii)) towards 100.59. Wave ((iii)) subdivided again as a 5 waves of lesser degree. Up from wave ((ii)), wave (i) ended at 92.28, wave (ii) dips ended at 91.03, wave (iii) ended at 98.44, wave (iv) ended at 96.16, and wave (v) ended at 100.59.
Wave ((iv)) pullback ended at 98. Internal of wave ((iv)) subdivided as a double three. Down from wave ((iii)), wave (w) ended at 98.63, wave (x) ended at 100.47, and wave (y) ended at 98. This completed wave ((iv)). Stock then extended higher in wave ((v)) towards 100.68 which should also complete wave A. The stock is now pulling back in wave B to correct cycle from January 27 low. Internal of wave B is unfolding as a zigzag structure where wave ((a)) should end soon. The stock should bounce in wave ((b)) before it resumes lower again in wave ((c)). As far as pivot at 88.03 low stays intact, expect pullback to find support in 3, 7, or 11 swing for more upside.
Bullish on GE - Break above 97.44 will be bullish
- Volume generated over past few days is a bullish
- Take profit level is 103.71
General Electric | Fundamental Analysis | LONG SETUP If you are a millennial or older generation, you probably at least faintly remember a time when the industrial conglomerate General Electric was one of the largest and most influential companies in the world. The company was a $400 billion titan before the 2008-2009 financial crisis knocked GE down, and the company has been struggling to get back on its feet ever since.
Today, the company is in the midst of a major transformation, selling off individual divisions to reduce its business and resume growth. General Electric recently reported Q4 2021 earnings, showing that its financial performance seems to be improving. Here's what investors need to know as the company prepares for bigger changes.
Sometimes a bold move is the right move, and it's not always easy to make. In November, General Electric announced plans to spin off several divisions into their own companies, bringing General Electric's focus to aviation.
A brief description of the changes and their timing includes a GE Healthcare division in 2023. The renewable energy, energy, and digital divisions will merge and separate in 2024. General Electric will retain a 19.9 percent stake in Healthcare, but the overall deal will give shareholders three independent, industry-specific companies.
Conglomerates often trade at a discount compared to what their parts might be worth individually. A company with many different businesses has to distribute its resources, intellectual capacity, and money among its divisions. Although individually smaller, these companies can focus on their individual business models, potentially leading to higher performance and higher valuation in the marketplace.
Management's main goal has been to rebuild the company's damaged balance sheet. General Electric has paid off $87 billion in debt over the past three years and continues to make progress each quarter. In 2021, the company sold its aircraft leasing business for $31 billion (mostly) in cash, paying off the debt with the proceeds. It is also the last part of the company's financial division to be sold, eliminating what was once General Electric's most prominent business and what caused its collapse more than a decade ago.
Financial performance has yet to reach the level desired by management. As of the end of Q4 2021, the company's net debt to EBITDA ratio is 3.3, and GE wants to reach 2.0 by the end of 2022.
This ratio means that the company is aiming for $1 of annual operating income for every $2 of debt on its balance sheet (net debt means you subtract the company's cash).
The company is still working on this, but General Electric should leave any gloomy scenarios in the past because a net debt to EBITDA ratio of 3.3 is not something that should dramatically stress the business. GE even felt comfortable enough to make a $1.4 billion acquisition, buying BK Medical in 2021.
General Electric still owns additional assets that it could leverage if necessary, including stakes in Baker Hughes and AerCap totaling about $13 billion. Company executives said they intend to ensure that all three possible stand-alone companies have investment-grade balance sheets.
There are plenty of moving parts to General Electric's financial performance, including ongoing restructuring in divisions such as energy and renewables to make them more profitable, as well as the lingering influence of GE Capital. However, investors can focus on free cash flow to get a general idea of how things are going.
After generating about $600 million in adjusted (non-GAAP) free cash flow in 2020, General Electric has increased free cash flow to $5.1 billion in 2021. Management expects $5.5 billion to $6.5 billion in 2022 and more than $7 billion in 2023.
Free cash flow is vital to the business because it is real money that the company can use to strengthen its balance sheet or for acquisitions, something General Electric is actively pursuing. Many unique items can affect a company's earnings over time, so investors may want to focus on free cash flow.
The fallen giant's reputation and various financial moves seem to have discounted General Electric stock. Free cash flow of $5.1 billion against a market capitalization of $107 billion values the stock at a price-to-earnings ratio of 21.
Other industrial companies are trading at higher valuations, such as Honeywell with a P/FCF ratio of 26 and Eaton Corp with a ratio of 36. That valuation seems fair given General Electric's current position, but long-term investors may want to consider the potential value opening up as a result of the upcoming spin-offs.
It's hard to say what valuation the market will see separately for the aviation, medical and energy companies. Nevertheless, as sentiment around General Electric improves and the company's financial performance improves, investors may benefit from management's big plans.
Algoma Steel Awards Contract to GE to Provide Gas Turbines to SuASTL,ASTLW,GE: Algoma Steel Inc
2022-01-27 17:30:00
Algoma Steel Awards Contract to GE to Provide Gas Turbines to Support Power Requirements of Electric Arc Steelmaking Transition
GE Retirement PlanPost-correction GE could retest the median on its current declining fork, fundamentally they are a company that makes things, real things that the world needs right now, and in the future.
This is an extremely long term chart with little near term trading implication, but if we see a bullish pull from that median I wouldn't hesitate to invest in diverse large industrials like this.
RettangleIt appears to be a rettangle at the top.
Price has breaked the resitence. The target is aronud area 77
GEWe are expecting a strong move up in Wave 5 to complete either Wave 1 or Wave A.
Expected peak around the month of June 2022.
GOODLUCK!
General Electric (NYSE: $GE) Could See An Extra Bright 2022! 💡General Electric Company operates as a high-tech industrial company worldwide. The company's Power segment offers heavy-duty and aeroderivative gas turbines for utilities, independent power producers, and industrial applications; maintenance, service, and upgrade solutions to plant assets and their operational lifecycle; steam power technology for fossil and nuclear applications, including boilers, generators, steam turbines, and air quality control systems; and advanced reactor technologies solutions comprising reactors, fuels, and support services for boiling water reactors. This segment also applies the science and systems of power conversion to provide motors, generators, automation, and control equipment; and drives for energy intensive industries, such as marine, oil and gas, mining, rail, metals, test systems, and water. Its Renewable Energy segment provides various solutions for its customers through combining onshore and offshore wind, blades, hydro, storage, solar, and grid solutions, as well as hybrid renewables and digital services offerings. The company's Aviation segment designs and produces commercial and military aircraft engines, integrated engine components, electric power, and mechanical aircraft systems; and provides aftermarket services. Its Healthcare segment develops, manufactures, markets, and services magnetic resonance, computed tomography, molecular imaging, x-ray and high-frequency soundwave systems, clinical monitoring and acute care systems, enterprise digital, artificial intelligence applications, consulting and command center, and complementary software and services; and researches, manufactures, and markets imaging agents. The company's Capital segment offers aviation leasing and financing, and working capital services; financial solutions and underwriting capabilities; and insurance and reinsurance for life and health risks, as well as annuity products. The company was founded in 1878 and is headquartered in Boston, Massachusetts.
General Electric Company (GE) breakout the PennantThe technical figure Pennant can be found in the US company General Electric Company (GE) at daily chart. General Electric Company is an American multinational conglomerate incorporated. Until 2021, the company operated through aviation, power, renewable energy, digital industry, weapons manufacturing, locomotives, and venture capital and finance, but has since divested from several areas, now primarily consisting of the first four segments. The Pennant has broken through the resistance line on 22/12/2021, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 10 days towards 100.98 USD. Your stop loss order according to experts should be placed at 88.17 USD if you decide to enter this position.
With a market capitalization of $98.8 billion, General Electric currently stands to gain from solid contract wins, acquired assets, a strong liquidity position, and the restructuring of its portfolio. However, supply-chain hurdles are likely to remain concerning.
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GE 20211216 AnalysisGE had a runup of ~90-100% from its 2020 lows, then consolidated in a horizontal range for the past 8 months, and is now showing weakness breaking down the $95 support level.
A short opportunity at the current price, with slight resistance at around 85. The 65-85 level looks thinly traded so it is possible that GE may have further gap downs towards 60. Stop-loss above previous high @~$100. Profit Target: $70-85
Disclaimer: The contents are for informational purposes only and do not constitute investment or trading advice.
Can An Electric Shock to GE make it Fly? I can see a setup one , what would be otherwise known is the Volatility contraction or the SQUEEZE pattern, but I call it The Setup 1.
The Alligator (the three lines) are squeezed into a TIGHT Box (the grey zone, is AIMS Box Indicator).
The AO has a peak of 3 (green histogram peak) which was then followed by the squeeze.
But that was the past, Now its broke out of the box, and the way up is obviously in its way.
Buy now Target $138 (Target Zone one) wave 5.
GE longsHave been following this stock a little over a year now and were in a complex correction for about 9 months. The stock split of course in my opinion was done to get a discounted rate on the shares for the big hands to add more to their positions, and for those that understand waves in depth, can see this is possibly the end of the 9 month cycle with upside targets towards to the 150 region. Looking at a substantial portion of 2022 looking bullish based on the fundamentals at hand. Best of luck.
$GE earnings analysis *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been digging into global tech company $GE for the past few days in anticipation of their upcoming earnings report. $GE continues to be a dominate power in air travel (aerospace engines), precision public health (medical diagnostic equipment), and energy transition (steam and wind turbines). This company is a triple threat and certainly not a force to be reckoned with.
$GE has a great technical set-up right now on the charts as well. If $GE has an earnings beat pre-market expect current resistance at $115-116 to be broken sometime during the day. My team still has yet determined a good take profit on $GE due to a lack of uncertainty in the companies potential. However we believe that $145 is a key zone to look at if an uptrend does emerge.
My team entered $GE on 10/25/21 at $104 per share. This is a long term trade.
Earnings are expected to be announced premarket on 10/26/21.
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GE METEO 🕵️♂️🕵️♂️🕵️♂️hello investors, following a rigorous analysis I expect this scenario🕵️♂️🕵️♂️🕵️♂️
GE Longin weekly up trend
Wedge breakout
Entry 106.5
Stop 99.5
Target 134
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Beautiful Channel!Money Makers!
GE has been trading in a horizontal channel for a very long time. It recently was rejected from moving higher and is currently attempting to bounce off the 50 EMA. If the 50 EMA fails we can expect it to move lower to retest the bottom of the channel again.
Love it or hate it, hit that thumbs up and share your thoughts!
It's all about Market structure, Area of value, and Entry Trigger.
Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect!
This is not financial advice.
GE | GENERAL ELECTIC FUNDAMENTAL ANALYSIS | MUST READ...Over the past ten years, General Electric has steadily simplified its operations by selling or spinning off many non-core businesses.
Now the famed industrial conglomerate has decided it no longer wants to be a conglomerate. On Tuesday, GE announced it was about to split into three separate publicly traded businesses, each specializing in one market. Here's why this could open up great prospects for GE stock over the next few years.
Back in June 2018, GE stated that it would sell about 20 percent of its health care business through an initial public offering (IPO) and transfer the rest to GE shareholders. At the time, the company also told investors that it intended to gradually monetize its controlling stake in oilfield services giant Baker Hughes.
These moves were part of GE's broader plan to address its huge debt load. In addition to generating cash proceeds of $20 billion or more from the sale of its stakes in Baker Hughes and the health care division, General Electric planned to transfer $18 billion of debt and pension obligations to the health care division as part of the spin-off.
GE continued its plan to sell its stake in Baker Hughes. It expects to sell its last shares by 2023. In contrast, in early 2019, the company postponed its intention to spin off its healthcare division after reaching an agreement to sell its biopharmaceutical division (a small but fast-growing and ultra-profitable part of GE Healthcare) to Danaher for about $21 billion.
This week's news brightens a plan to spin off the GE Healthcare division as a separate public company. But unlike the 2018 plan, General Electric now plans to merge its energy, renewable energy, and digital companies and separate them as well. That way, GE will remain a pure aviation company.
As the first step in this separation, General Electric plans to separate its healthcare business in early 2023. The new healthcare company will issue debt - the amount has not yet been determined - and GE will use the proceeds to pay off some of its corporate debt. In addition, GE will retain a 19.9 percent stake in the health care division, which it could sell over time to raise additional capital for debt reduction or other strategic purposes.
In the meantime, GE will work on the process of merging its power, renewable energy, and digital technology divisions to prepare them for an independent future. This will allow it to separate a new energy-focused company in early 2024. The aviation business will receive legacy liabilities, such as GE's retiring insurance business, as well as the company's remaining stakes in Baker Hughes and AerCap.
GE expects about $2 billion in one-time separation costs and less than $500 million in tax liabilities due to the separation into three public companies. It is important to note that management does not expect long-term dyssynergia. The savings from eliminating the conglomerate's corporate overhead should fully offset the additional costs incurred by the healthcare and energy businesses as independent companies.
General Electric's health care division performed well during the pandemic, and the recovery of the aviation division is beginning to accelerate. So now is a good time to split GE into separate aviation, healthcare, and energy companies.
Splitting a conglomerate usually results in better fundamentals for successor companies. Each company's management can better concentrate on the key drivers of business development. In addition, it is easier to develop incentive compensation schemes for a strong performance by an independent company than by a subsidiary.
In addition, GE's business segments have very different financial profiles. Consequently, GE stock typically trades at a discount to the sum of its parts. In particular, the energy businesses have lower profitability and collectively have less growth potential than GE's aviation and medical divisions. Their inconsistent results and slow turnaround over the years have negatively impacted GE's stock performance.
Given its consistently strong results and growth prospects, GE Healthcare division is likely to achieve high valuation as an independent company. And by 2024, GE Aviation will be operating at full capacity and will also earn a high valuation. Together, they are worth more than the current enterprise value of GE, which means that GE stock should climb as the company begins to implement its separation plan. Any benefit shareholders will receive from the separation of the energy division will only be an add-on.
A perfect technical scenario on General Electric Today we will speak about GE. Why? because it's on a situation that from a technical perspective is BEAUTIFUL.
Let's check those items:
1) Massive range that started in 2019 and was broken on March 2021. Remember that classical chart patterns tell us that when we have a range, we can calculate the minimum target extending the size of it above or below the breakout.
2) After the March 2021 breakout, the price started a consolidation on the edge of the previous major structure. From an Elliott Wave theory perspective, this is a Flat Pattern (composed by an ABC movement, which means that is 100% finished).
3) My conclusion is that this scenario is about to define a new direction when we observe the breakout of the flat pattern.
Directions:
Currently, the price is in the higher zone of the flat pattern, and I like the idea of thinking about bullish breakouts (I'm not interested in bearish setups). So let's explore this idea better:
If we have a clear breakout and the price reaches our horizontal green line, we will consider that as a confirmation of this new movement, and the targets we expect are either the 2nd level of the Fibo extension or the Range extension. Both are valid situations.
What if the price reaches the green line and then we have a bearish movement? This is impossible to happen because all our analysis goes in the right direction (100% win rate)... Just joking. You must think on levels where you will say "This is not going as expected fellas, abort mission". That level for us is below the flat pattern. So, if the price reaches our green horizontal line, we will consider that our view is wrong if the price goes below C.
Feel free to add any idea, or view about this situation, in the comments! Thanks for reading.
A chance of long term resurgenceGE stock has underperform for the past few years however, it has revisited major support rage that it has established in 2010-2011(~104-114 USD) according to VPFR. If it succeed taking out this major price range, it is very likely to reach the 0.5(148.80 USD) and 0.618(173.57 USD) Fibonacci price target in few years or months.
GE - PT $175/$1802+ year consolidation channel has now broke resistance. Looking for an equal size move to the upside.
GE getting ready to explode especially with the Trillion $ dealwatching GE for a move to the upside around the 110s maybe more depending on volume but with this infrastructure deal we could see a decent move.
$GE is a power house I havent really looked at the fundamentals but this one is trying to be innovative... they have their hand on almost everything.
