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GE

General Electric

$9.03

-0.33 (-3.53%)

08:57
08/15/19
08/15
08:57
08/15/19
08:57

Madoff whistleblower Markopolos launches 'GEfraud.com' website

Harry Markopolos, the accounting expert who raised red flags about Bernie Madoff's Ponzi scheme, released his report on the accounting of General Electric on website called "GEfraud.com," claiming on the front page of the new site that GE is "a bigger fraud than Enron." In an interview with The Wall Street Journal ahead of the launch of the website, Markopolos said his group found GE's insurance unit will need to bolster its reserves by $18.5B in cash. He also faulted the way the company is accounting for its oil-and-gas business. Before the report was published, a GE spokeswoman told the Journal: "GE stands behind its financials. We operate to the highest level of integrity in our financial reporting and we have clearly laid out our financial obligations in great detail. While we can't comment on the detailed content of a report that we haven't seen, the allegations we have heard are entirely false and misleading." Shares of GE are off their lows of earlier in the pre-market session, but remain down 3.5% at $8.71. Reference Link

  • 09

    Sep

  • 30

    Oct

GE General Electric
$9.03

-0.33 (-3.53%)

07/23/19
GDHS
07/23/19
NO CHANGE
Target $7
GDHS
Underperform
GE set Q2 cash guidance bar 'excessively' low, says Gordon Haskett
Gordon Haskett analyst John Inch said he expects General Electric to significantly beat its Industrial free cash flow guidance of ($1B-$2B) when the company reports second quarter results next week, but that reflects the degree to which GE "set the cash expectations bar at an (excessively) low level," according to Inch. Looking ahead, tougher comparisons and a waning global economic outlook could make for a tougher road in terms of cash flow, said Inch, who keeps an Underperform rating and $7 price target on GE shares.
07/31/19
JPMS
07/31/19
NO CHANGE
JPMS
Underweight
JPMorgan's Tusa says GE guidance drivers 'low quality,' would sell into strength
JPMorgan analyst Stephen Tusa says General Electric reported an operation miss in Q2 driven by a material miss at its Aviation unit and it also reported free cash flow that missed his estimate. While the company raised its headline guidance, the drivers of the raise "seem low quality" as the company's segments "are trending at best in line," Tusa tells investors. He would sell any strength today in the shares following the report and keeps an Underweight rating on shares of General Electric. The stock is up about 4% in pre-market trading, but Tusa contends that "like in the past, the underlying core fundamentals are actually a bit worse."
08/01/19
WBLR
08/01/19
NO CHANGE
WBLR
Outperform
GE operational and financial turnaround building momentum, says William Blair
General Electric's Q2 report yesterday "included further tangible evidence" that its operational and financial turnaround is beginning to build momentum, William Blair analyst Nicholas Heymann tells investors in a research note. GE's year-to-date free cash flow use was $2.2B, down $0.8B from the first half of 2018, while its Industrial organic sales grew sequentially to 7% from 5%, Heymann points out. The analyst reaffirms an Outperform rating on the shares. GE's fundamental prospects and underlying value "continue to remain extremely divergent within the investment community," says Heymann. However, he sees "growing irrefutable evidence that the worst is not only past but also that GE's fundamental forward visibility is gradually beginning to improve as its financial stability returns." The analyst pegs GE's underlying intrinsic value, with no value assigned to Power, between $14 and $16 per share. This range now seems to be a "highly feasible base-case valuation" for the stock over the next 6-12 months, according to Heymann. Shares of General Electric closed yesterday up 2c to $10.45.
08/12/19
JPMS
08/12/19
NO CHANGE
Target $5
JPMS
Underweight
General Electric fundamentals 'continue to look negative,' says JPMorgan's Tusa
JPMorgan analyst Stephen Tusa came away from General Electric's Q2 results with no change to his "well below consensus view." GE Power needs a positive core profit contribution on $1B in negative mix revenue headwind "to just get back to breakeven," Tusa tells investors in a research note. Further, Aviation needs 35% growth in its Military business to hit guidance, adds the analyst. Despite the Street's enthusiasm around a beat to low guidance, GE's fundamentals "continue to look negative," argues Tusa. He keeps an Underweight rating on shares of General Electric with a $5 price target. The stock closed Friday down 34c to $9.15.

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DB

Deutsche Bank

$6.98

-0.19 (-2.65%)

, COF

Capital One

$83.06

-2.68 (-3.13%)

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08/23
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17:57
Periodicals
Deutsche Bank, Capital One won't say if they have Trump's tax returns, NYP says »

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DB

Deutsche Bank

$6.98

-0.19 (-2.65%)

COF

Capital One

$83.06

-2.68 (-3.13%)

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  • 27

    Oct

MXIM

Maxim Integrated

$52.14

-2.42 (-4.44%)

17:53
08/23/19
08/23
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17:53
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Maxim Integrated's Jain sells 12,683 common shares »

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  • 10

    Sep

GLD

SPDR Gold Shares

$144.15

2.77 (1.96%)

17:42
08/23/19
08/23
17:42
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17:42
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SPDR Gold Shares holdings rise to 859.83MT to 854.84MT »

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AUMN

Golden Minerals

$0.27

0.0159 (6.38%)

17:33
08/23/19
08/23
17:33
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17:33
Hot Stocks
Golden Minerals receives noncompliance notice from NYSE »

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DMPI

DelMar Pharmaceuticals

$0.77

0.0047 (0.61%)

17:25
08/23/19
08/23
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17:25
Hot Stocks
Intracoastal Capital reports 9.99% passive stake in DelMar Pharmaceuticals »

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RTN

Raytheon

$180.58

-6.44 (-3.44%)

17:22
08/23/19
08/23
17:22
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17:22
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Raytheon awarded $534M Army contract »

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UHAL

Amerco

$339.43

-2.97 (-0.87%)

17:21
08/23/19
08/23
17:21
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17:21
Hot Stocks
Amerco announces special cash dividend of 50c per share »

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NTLA

Intellia Therapeutics

$15.77

-1.08 (-6.41%)

17:20
08/23/19
08/23
17:20
08/23/19
17:20
Syndicate
Breaking Syndicate news story on Intellia Therapeutics »

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GD

General Dynamics

$183.42

-4.19 (-2.23%)

17:19
08/23/19
08/23
17:19
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17:19
Hot Stocks
General Dynamics awarded $1.08B Navy contract modification »

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NVLN

Novelion Therapeutics

$0.66

-0.0523 (-7.37%)

17:17
08/23/19
08/23
17:17
08/23/19
17:17
Hot Stocks
Stonepine Capital reports 6.1% passive stake in Novelion Therapeutics »

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LMT

Lockheed Martin

$376.85

-8.91 (-2.31%)

17:14
08/23/19
08/23
17:14
08/23/19
17:14
Hot Stocks
Lockheed Martin awarded $2.43B Navy contract modification »

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ONCS

OncoSec

$1.84

-0.03 (-1.60%)

17:14
08/23/19
08/23
17:14
08/23/19
17:14
Syndicate
Breaking Syndicate news story on OncoSec »

OncoSec files $50M mixed…

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TNXP

Tonix Pharmaceuticals

$0.42

-0.0249 (-5.60%)

17:09
08/23/19
08/23
17:09
08/23/19
17:09
Syndicate
Breaking Syndicate news story on Tonix Pharmaceuticals »

Tonix Pharmaceuticals…

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  • 25

    Sep

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$284.86

-7.5 (-2.57%)

17:08
08/23/19
08/23
17:08
08/23/19
17:08
General News
Trump to raises tariff rates on Chinese goods, CNBC says »

U.S. President Donald…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$284.86

-7.5 (-2.57%)

03/08/13
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ATIS

Attis Industries

$1.03

-0.08 (-7.21%)

17:06
08/23/19
08/23
17:06
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17:06
Hot Stocks
Attis Industries provides update on status of Nasdaq listing »

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CVEO

Civeo

$1.32

-0.07 (-5.04%)

17:04
08/23/19
08/23
17:04
08/23/19
17:04
Syndicate
Breaking Syndicate news story on Civeo »

Civeo files $300M mixed…

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AGO

Assured Guaranty

$42.56

-1.09 (-2.50%)

16:58
08/23/19
08/23
16:58
08/23/19
16:58
Hot Stocks
Assured Guaranty CEO sells 30,300 common shares »

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RMED

Ra Medical Systems

$1.87

-0.055 (-2.86%)

16:50
08/23/19
08/23
16:50
08/23/19
16:50
Hot Stocks
Ra Medical Systems discloses NYSE notice related to 10-Q filing delay »

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PBA

Pembina Pipeline

$35.73

-0.81 (-2.22%)

16:47
08/23/19
08/23
16:47
08/23/19
16:47
Syndicate
Breaking Syndicate news story on Pembina Pipeline »

Pembina Pipeline files…

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  • 01

    Nov

APEN

Apollo Endosurgery

$3.50

(0.00%)

16:44
08/23/19
08/23
16:44
08/23/19
16:44
Syndicate
Breaking Syndicate news story on Apollo Endosurgery »

Apollo Endosurgery files…

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16:40
08/23/19
08/23
16:40
08/23/19
16:40
General news
Fed's Clarida said the global economy has worsened »

Fed's Clarida said…

LQDA

Liquidia Technologies

$5.23

-0.38 (-6.77%)

16:35
08/23/19
08/23
16:35
08/23/19
16:35
Syndicate
Breaking Syndicate news story on Liquidia Technologies »

Liquidia Technologies…

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V

Visa

$175.24

-4.91 (-2.73%)

16:32
08/23/19
08/23
16:32
08/23/19
16:32
Hot Stocks
Visa CFO Prabhu sells over 25,000 class A common shares »

Visa vice chairman and…

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  • 10

    Sep

  • 27

    Oct

QCOM

Qualcomm

$73.57

-3.55 (-4.60%)

16:31
08/23/19
08/23
16:31
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16:31
Hot Stocks
Qualcomm CFO Dave Wise to retire, Akash Palkhiwala named interim CFO »

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  • 10

    Sep

  • 06

    Nov

ANFI

Amira Nature Foods

$0.58

-0.0144 (-2.44%)

16:30
08/23/19
08/23
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16:30
Hot Stocks
Amira Nature Foods receives NYSE notice over late Form 20-F filing »

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