GE’s bleeding power unit sent company stock on a free fall in recent months despite solid performance in its aviation and healthcare units. LOIC VENANCE/AFP/Getty Images GE stock is suddenly hot again. After falling to a nine-year low last week due to a poor earnings outlook, General Electric Co. shares jumped 15 percent Monday morning after the company unexpectedly announced that it would replace CEO John Flannery with current board member H. Lawrence Culp, Jr.Subscribe to Observer’s Business NewsletterThe only large-cap stock that saw a similar surge on Monday was Tesla (on the news that CEO Elon Musk had reached a settlement with the SEC on fraud charges).Culp is a respectable executive in the manufacturing sector. He previously served as CEO of industrial conglomerate Danaher Corporation from 2000 to 2014. He has been a GE board member since April this year.In addition to the leadership change, GE said it would take a $23 billion charge in goodwill impairment on … [Read more...] about GE Shares Surge After Surprising CEO Change, Making the Embattled Stock Hot Again
Dow Jones futures were little changed Wednesday evening, along with S&P 500 futures and Nasdaq futures. The Dow Jones, S&P 500 index and Nasdaq composite all rallied to close higher Wednesday, but held within a recent stock market trend of sideways action. Apple (AAPL), Nvidia (NVDA), Splunk (SPLK), Charles Schwab (SCHW) and Microsoft (MSFT) are all stocks that have been consolidating in or around buy zones during this span. X Dow Jones, Top Stocks Stay In Trading Range The Dow Jones rose 0.2% on Wednesday's stock market trading, erasing concerns about China trade as Fed minutes signaled a relatively dovish stance on inflation. The S&P 500 index climbed 0.3% and the Nasdaq composite 0.6%. The major indexes have been trading in a tight range over the past couple of weeks. Even leading stocks tend to follow the general path of the major stock market averages. Even without looking at the S&P 500 index, looking at a chart of Apple, Nvidia, Splunk, Charles Schwab or … [Read more...] about Dow Jones Futures: These 5 Top Stocks Hold Near Buy Zones As Market Drifts
Here's your Investing Action Plan for Wednesday: what you need to know as an investor for the coming day. Earnings are due for Weibo (WB), known as the Twitter (TWTR) of China, and its parent company Sina (SINA). Meanwhile Booking Holdings (BKNG) is nearing a buy point while oil explorer WildHorse Resource Development (WRD) is looking to continue its phenomenal… … [Read more...] about 3 Internet Stocks, Hot Shale Play To Report: Investing Action Plan
Here's your Investing Action Plan for Wednesday: what you need to know as an investor for the coming day. Earnings are due for Weibo (WB), known as the Twitter (TWTR) of China, and its parent company Sina (SINA). Meanwhile Booking Holdings (BKNG) is nearing a buy point while oil explorer WildHorse Resource Development (WRD) is looking to continue its phenomenal growth. X Investors are advised to bear in mind that a common pitfall for new and experienced investors alike is to buy a stock just ahead of its earnings report because it's "acting right." IBD recently introduced an options strategy to limit risk around earnings, which is a way to capitalize on the upside potential while reducing risk. Weibo China's answer to Twitter is reporting first-quarter results before the market opens. Estimates: Wall Street expects EPS to double to 42 cents per share, as revenue jumps 73% to $345 million, according to Zacks Investment Research. However, it has received a negative EPS analyst revision … [Read more...] about Three Internet Stocks, Hot Oil Stock Report Earnings Wednesday; This One Is Near A Buy: Investing Action Plan
Share This Story! Let friends in your social network know what you are reading about Facebook Email Twitter Google+ LinkedIn Pinterest Whatever Happened to ... the VIP Ocean Club hot spot? The Ocean Club catered to an “older” and upscale crowd with an enormous sound-and-light system, valet parking and bathroom attendants. Sent! A link has been sent to your friend's email address. Posted! A link has been posted to your Facebook feed. Join the Conversation To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Subscribe Today Log In Subscribed, but don't have a login? Activate your digital access. Alan Morrell, Special to Rochester Democrat and Chronicle Published 7:00 a.m. ET April 14, 2018 CLOSE A look back at the past and the places that became a part of Rochester's roots. Wochit CONNECT TWEET LINKEDIN COMMENT EMAIL MORE The Ocean Club was a … [Read more...] about Whatever Happened to … the VIP Ocean Club hot spot?