GE's stock falls, on track to erase entire post-earnings rally
General Electric Co.'s stock GE, -0.14% dropped 0.6% in afternoon trade, putting it on track to erase everything it gained after the industrial conglomerate reported first-quarter results.
https://www.marketwatch.com/story/ges-stock-falls-on-track-to-erase-entire-post-earnings-rally-2018-05-01
My advice is to wait until the entire NYSE makes a major correction which will bring most, if not all, stocks down regardless. It is long overdue. Then GE may be a real bargain. I just don't see Power pulling out of the doldrums anytime soon, though. It's going to be an anchor to the stock price. (sigh).
Another dividend cut is likely coming ( jp Morgan reference) so yea, $10 is totally plausible.
Don’t buy until stock down to $1-2. Don’t panic you mak big money ok
GE stock has historically rallied prior to earnings and dropped some after earnings over that last 10-15 yrs. Additionally, all industrial stocks are down due to tariff concerns so I would not read too much into it...yet.
Not shocked at all. What is shocking is Flannery's reassertion of 2018 earnings. There is still too much turmoil and not enough action at GE. Stock will continue to fluctuate and may hit $10. One more bad announcement and Edison will rise to turn the lights out
Don’t Buy yet. It will likely drop closer to $10 before it really bottoms.
The key is cash and can leadership get the right amount of cash for each of the critical periods for the 1X events they promised to Wall Street.
Time to buy
Not shocked in the least bit. Personally, I don't own GE stock, because I know better. I've got a diversified portfolio. I feel sorry for my co workers who are obsessing over stock price and jumping in and out on every bit of news hoping to make their money back. That is not going to happen.