(Photo credit should read LOIC VENANCE/AFP/Getty Images)
GE is a great American company. But its a company in decline, as evidenced by its recent financial performance.
Wall Street has taken notice sending its shares sharply lower in a strong overall market. So far, this year, GEs stock is down 27.30%, while its peers have been rallying. Siemens is up 17.26%, Honeywell International....More>>>
Below is a quick look at S&P 500 sector performance so far in 2017. As shown, even after a pullback over the last week or so, Technology is still up double the S&P 500 with a gain of 34.2%. The next best sector is Financials with a gain of 19.1%, followed by Health Care (18.8%), Consumer Discretionary (18.5%), and Materials (18.4%). Telecom and Energy are both down 8%+ on the year.
With Dow 22,000 alerting Main Street investors to the fact stocks are at record highs, its a good time to reiterate that August has been the worst-performing month for the Dow the past 20 years. The Dow has fallen 1.4%, on average, in August and finished up just 50% of the time.
So what events in August could derail the Dows record run? LPL Financials chief wealth strategist Matthew Peterson....More>>>
The Dow Jones todayprojected a 80-point gain Monday morning as markets reacted to Warren Buffett’s comments during Berkshire Hathaway Inc.’s (NYSE: BRK.A) annual shareholder meeting over the weekend in Omaha, Neb. According to Buffett, Berkshire is currently holding $100 billion in cash thanks to returns on roughly $14 billion of investments made in the first quarter of 2018. Buffett....More>>>
7 Reasons Teslas Stock Should Continue To Appreciate
Tesla (TSLA) reported a wider than expected loss Wednesday after the bell, the biggest in the companys history. Teslas net loss for the quarter amounted to roughly $718 million, a considerable $4.22 cents a share.
Penske Automotive Group (NYSE: PAG) is one of 20 publicly-traded companies in the “Automotive dealers & gasoline service stations” industry, but how does it compare to its peers? We will compare Penske Automotive Group to similar companies based on the strength of its earnings, v
Wall Street brokerages expect Illinois Tool Works (NYSE:ITW) to report $1.96 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for Illinois Tool Works’ earnings, with estimates ranging from $1.95 to $1.99. Illinois Tool Works reported earnings pe
Red Rock Resorts Inc (NASDAQ:RRR) was the target of some unusual options trading activity on Thursday. Investors acquired 1,886 put options on the stock. This is an increase of approximately 1,036% compared to the average volume of 166 put options.