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Stock : GE |   Stock Recommendations : Buy
Sector : Engineering |   First resistance : 22.31
Stock Name : General Electric Co. |   Second resistance : 29.12
Buy Near : |   Third resistance : 31.77
StopLoss : |   First Support :
Posted date : 8/31/2008 12:00:00 AM |   Second Support :

General Electric Co. (GE) involved in construction and engineering business that includes engineering and analytical support services, electrical construction, infrastructure construction and manufacturing of nuclear power plant construction materials.

   This business have good potential with weak economy because government can declare major projects to offer employment and again Bush did Nuclear agreements with India and India Planning for $90 billion Nuclear electric power plant, In case if US got 30% of that order its going to offer good return like this company. Due to economic crises this Stock comes too much down. But if you look companies involvement in nuclear power plant construction capacity then its looks reasonable to buy this Stock. Any down move consider as a buying opportunity. At present technical analysis | Stock analysis and fundamentally company looks good buying member, you can add in your portfolio. In down trend Stock market for any Stock investments there is always high risk but high risk high return and low risk low return. General Electric Co. (GE) you can consider for Stock Market Investment, Trading, Stock trading, Stock Investing, Day trading, Stock picks, Breakout Stocks, penny Stocks.

Portfolio stock

Recent News Head Lines
Raytheon Technologies Debuts On The Dow As Rival GE Deepens Cuts
(Fri, 03 Apr 2020 20:04:16 +0000)
Raytheon Technologies debuted on the Dow Jones Industrial Average Friday after the closing of its massive merger.
When Low Book Value Can Be Misleading
(Fri, 03 Apr 2020 15:47:50 +0000)
Negative or low book value shouldn't always be treated as the destruction of value Continue reading...
General Electric Stock Falls 4%
(Fri, 03 Apr 2020 14:25:00 +0000) - General Electric (NYSE:GE) Stock fell by 3.92% to trade at $6.62 by 14:23 (18:23 GMT) on Friday on the NYSE exchange.
Cummins slashes CEO pay, cuts employee salaries on coronavirus hit
(Fri, 03 Apr 2020 12:17:07 +0000)
U.S. engine maker Cummins Inc said on Friday it would cut salaries of all employees in the United States as well as its chief executive to reduce costs as the impact of the coronavirus pandemic weighs on the industry. Employees working hours will be reduced and their salary cut between 10% and 25%, while Chief Executive Tom Linebarger's would be halved, the company said. The company added that it planned to take similar actions outside the United States based on local regulations.
GE Aviation Furloughs Half Its Engine Manufacturing Workforce Amid Coronavirus Pandemic
(Fri, 03 Apr 2020 08:25:47 +0000)
Thousands of workers in General Electric Company's (NYSE: GE) aviation subsidiary are impacted as company furloughs half its aircraft engine manufacturing workforce.What Happened The ongoing coronavirus pandemic is hitting the aviation industry hard, as airlines ground planes and delay orders for new planes. The crisis is forcing GE aviation to furlough 50% of its staff for four weeks. This measure is in addition to the 10% cut in jobs announced last month.A GE Aviation spokesperson told CNBC, "Due to the unprecedented impact of COVID-19 on the commercial aviation industry, GE Aviation is implementing a temporary reduction in commercial engine assembly and some component manufacturing operations for up to four weeks." The spokesperson appreciated the commitment of GE Aviation's employees at "this difficult time," and said that the company regretted taking this action. Regarding the continuance of business, he said, "We will continue to deliver for our customers and preserve our capability to respond when the industry recovers."Why It Matters The aviation sector is grappling with the effects of the coronavirus pandemic. One of GE Aviation's customers, Boeing Co (NYSE: BA), announced earlier that it would offer voluntary layoffs to employees. Boeing employs 150,000 people globally. Airline workers, too, are facing a cut in working hours, with major carriers such as Delta Air Lines Inc. (NYSE: DAL), United Airlines Holdings Inc. (NASDAQ: UAL) reducing working hours. American Airlines Group Inc. (NASDAQ: AAL) is offering paid leave and early retirement to staff. Price Action GE shares traded 1.74% higher at $7.02 in the after-hours session on Thursday. The shares had closed the regular session 1.99% lower at $6.90.Photo Credit: Public domain photo via Wikimedia.See more from Benzinga * Ford Collaborates With GE, Plans To Make 50,000 Ventilators In Michigan In 3 Months(C) 2020 Benzinga does not provide investment advice. All rights reserved.

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