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Grupo de Análise de Mercado

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Should I Buy Ge Stock Today

I'm giving away the ending now because the same investors I'm saying are safe to buy the stock also need to understand that, after seeing the company's fourth-quarter earnings and outlook, the recurring theme for 2023 will be patience. Across all three segments (the healthcare segment is now listed separately as GE HealthCare Technologies), it's a case of profit and cash flow headwinds in 2023. The reasons behind the headwinds are what is setting up the company for improved long-term growth.

should i buy ge stock today

This confirms the improvement in order pricing seen elsewhere. If warranty reserves do indeed improve, it implies that GE feels confident it won't suffer the kind of execution issues currently bedeviling Siemens Gamesa. With management being more selective over onshore orders, 2023 should be a better year.

After a powerful recent run, the stock isn't cheap on a 2023 basis, but the actions taken this year (including LEAP, offshore wind turbine, and HA gas turbine deliveries) are setting up the company for long-term growth. Investors should look out for commentary on 2024 in the March update.

After a 33% fall year-to-date, at the current levels, we believe General Electric stock (NYSE: GE) now looks undervalued. GE stock fell from $96 in early January to $65 now. The YTD -33% return for GE marks an underperformance with -22% returns for the broader S&P500 index.

General Electric GE is in the process of its planned split into three different companies focused on Aviation, Healthcare, and Energy. The Healthcare business is expected to split in 2023 and Energy in 2024, leaving the Aviation business with GE. The company has also managed to reduce its debt meaningfully to $33 billion currently, from $70 billion in 2020. High levels of debt has also weighed on GE stock performance in the past.

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I bought my first stock in 1966 and then obtained my BS in banking in 1971 and MBA in corporate finance in 1972 from NYU. A study cycles began in the same year. A 9-year psychotherapeutic training apprenticeship followed. Many of my concepts concerning crowd psychology derive from this period. From 1972 to 1990, I worked on both the buy and the sell sides of Wall Street. From 1990 to 2004, I was a technology fund manager, strategist, and a member of the currency hedging committee with the Abu Dhabi Investment Authority. Since 2004, I have operated a service from Vienna, Austria. I am a member of the Kenos Circle, a Vienna-based group of futurists. I combine fundamentals with cycles through unique software as an aid in market forecasting. The influence of cycle theorists such as Ed Dewey, Charles Jayne, George Lindsay, and R.N. Elliott have been most valuable.

Shares of General Electric have jumped in 2023 and since the March 9 event. GE stock topped an 84.13 handle buy point in mid February. The stock went on to peg a multi-year high of 94.94 on March 9 after management gave a strong aerospace outlook.

Now shares have formed a three-weeks tight pattern with a 95.04 buy point. GE stock is roughly 2% below the entry, and a breakout would give the alert investor a chance to add shares ahead of another possible price run and new highs.

The relative strength line for GE stock rallied in the past year, but has flattened out in March. A rising RS line means that a stock is outperforming the S&P 500. It is the blue line in the chart shown.

On key earnings and sales metrics, GE stock earns an EPS Rating of 45 out of a best-possible 99, and an SMR Rating of C, on a scale of A (best) to E (worst). The EPS Rating compares a company's earnings per share growth to all other companies. The SMR Rating reflects sales growth, profit margins and return on equity.

Over the long term, buying an index fund, such as SPDR S&P 500 (SPY), would have delivered safer, higher returns than GE stock. If you want to invest in a large-cap stock, IBD offers several strong ideas here.

General Electric (GE) eyes a transformation as an aviation pure play. The latest GE earnings underscored strength in its jet-engine business though supply issues persist, as the big GE breakup looms. Is GE stock a buy in October 2022 as it rallies near a key technical level?

Shares of General Electric fell 0.5% Oct. 25 after its Q3 report, but have rallied since. They now eye a nearly 6% weekly gain, above 77. GE stock is closing upon the 40-week line after regaining the 10-week moving average ahead of quarterly earnings. But it remains more than 33% off its 52-week high.

General Electric shares last broke out in November 2021 on news of GE's three-way split. The breakout quickly fizzled. If GE stock rallies around 80, it might be actionable again. There's no buy point for now.

The relative strength line for GE stock is rising within a longer-term downtrend, according to MarketSmith charts. The RS line rallied for parts of 2020 and 2021 on hopes for GE's turnaround. A rising RS line means that a stock is outperforming the S&P 500. It is the blue line in the chart shown.

General Electric owns an RS Rating of 61, meaning it has outperformed 61% of all stocks over the past year. The Accumulation/Distribution Rating is a B-, on a scale of A+ to a worst E. It's a sign of roughly equal buying and selling of GE shares by big institutions over the past 13 weeks.

GE remains a popular stock with strong institutional support. As of September, 1,851 funds owned shares. GE stock shows zero quarters of rising fund ownership, according to the IBD Stock Checkup tool.

On key earnings and sales metrics, GE stock earns an EPS Rating of 42 out of a best-possible 99, and an SMR Rating of D, on a scale of A+ (best) to E (worst). The EPS Rating compares a company's earnings per share growth vs. all other companies, and its SMR Rating reflects sales growth, profit margins and return on equity.

From a technical perspective, GE stock is rally as earnings show momentum in the key aviation business. Share are above the 10-week average but below longer-term levels, and well off highs. It has further to recover before a buy point can emerge.

GE is a multi-national conglomerate that was originally incorporated in 1892. The company was founded by Thomas Edison as the Edison General Electric Company and shortened its name to General Electric following a merger with two other early electric pioneers. The name was later shortened again to GE. The company is headquartered in Boston, Massachusetts but has operations on a global scale. One of the original 12 Dow stocks, the company was a component of the index for 122 years until its ousting in 2018.

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