empty
28.01.2020 09:58 AM
General Electric

This image is no longer relevant

Let's see what CEO Larry Culp says about 2020.

GE plans to release its fourth-quarter results on Wednesday. Culp has set the bar pretty high for himself, as the second year of his responsibility for the industrial conglomerate has began. Larry Karl reiterated that 2019 was a year of "rebooting", and GE was still "in the early stages of a multi-year transformation" as the company continues to sell off assets, restructure its troubled division, freeze pensions and streamline its management structure.

All of this seemed to only encourage investors, as GE shares, -1.80% before, soared to 53.4% in 2019. It was the best performance of the calendar year, the same as when they rose to 65.4% in 1982.

The key question is: what will GE say about Boeing's influence on the likely return of its 737 MAX aircraft by mid-2020? Considering that GE Aviation mainly produces commercial jet engines and components, high-voltage equipment, wind turbine blades (land and sea), and other products and services.

The performance of the aviation sector has boosted General Electric's revenue over the past few quarters. First of all, this was made possible due to the increased popularity of the LEAP engine, as well as the strengthening of the service sector. In addition, it is expected that the growth of passenger traffic worldwide and the improvement of the military business will help the company in this quarter.

Share price: GE has pleased investors pretty well during Larry Culp's tenure. Shares rose to 11.5% in the third quarter.

Before Larry Culp took over the reins in October 2018, GE's stocks were down.

GE stocks are gradually gaining momentum, and the price is projected to reach the level of 12.50. This is a very profitable period for purchasing these shares, so don't miss your chance to profit.

This image is no longer relevant

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

GBP/USD Overview – May 15: The Dollar's Ordeal Continues

The GBP/USD currency pair continued its upward movement on Wednesday, which had started the day before. Recall that on Tuesday, there were no strong fundamental reasons for a significant sell-off

Paolo Greco 03:41 2025-05-15 UTC+2

EUR/USD Overview – May 15: Market Confidence in the Dollar Is Practically Nonexistent

The EUR/USD currency pair continued its recovery on Wednesday despite an empty macroeconomic calendar. We are not counting the sole inflation report from Germany, as it initially had no potential

Paolo Greco 03:41 2025-05-15 UTC+2

The Dollar Is Sentenced

Rumors are swirling. The sharp rally in the South Korean won has sparked speculation that Washington is pressuring its trade partners to strengthen their currencies. Donald Trump has repeatedly stated

Marek Petkovich 00:38 2025-05-15 UTC+2

The Pound Consolidates, Another Attempt at Upward Movement Expected

The UK labor market report showed that wage growth remains high despite a slight slowdown— the three-month average declined from 5.9% to 5.6%, and including bonuses, it decreased from 5.7%

Kuvat Raharjo 00:38 2025-05-15 UTC+2

Yen Resumes the Trend

Be careful what you wish for. Markets interpreted the halving of Japan's GDP forecasts for fiscal years 2025/2026 as a signal that the Bank of Japan would not resume

Marek Petkovich 00:38 2025-05-15 UTC+2

The Euro Is Losing Direction

Inflation in the eurozone remained at 2.2% in April, slightly above the 2.1% forecast, due to a somewhat stronger increase in core inflation. This rise is partially attributed

Kuvat Raharjo 00:37 2025-05-15 UTC+2

EUR/USD: The Dollar Falls Out of Favor Again

The euro/dollar pair has been climbing for two days, mirroring a general decline in the U.S. dollar. Having briefly regained strength, the greenback is now under pressure again: the U.S

Irina Manzenko 18:07 2025-05-14 UTC+2

AUD/JPY. Analysis and Forecast

The current technical and fundamental setup for the AUD/JPY pair points to short-term pressure from the Japanese yen. However, fundamental factors favoring the Australian dollar help maintain the pair's upside

Irina Yanina 11:28 2025-05-14 UTC+2

USD/JPY. Analysis and Forecast

At the moment, the Japanese yen is showing positive momentum against the U.S. dollar for the second consecutive day.The key factor supporting the Japanese currency has been hawkish comments from

Irina Yanina 11:28 2025-05-14 UTC+2

The Market Is Changing the Rules of the Game

Don't go against the crowd. According to Goldman Sachs and the Federal Reserve, individual investors held $35 trillion worth of U.S. stocks at the end of 2024, equivalent to 38%

Marek Petkovich 09:32 2025-05-14 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.