GE - General Electric

US3696043013

GE

GE

My watchlist, and yours? 😅

$TECH
$AKT
$TI
$EN (-1,07 %)

$HAT

$MICH

$GE (+0,91 %)
$BLOCK (+7,18 %)
$T (-2,2 %)

$WAS

$EIN3 (+0 %)

$MUS
$CHI

Let's see if I'm unlucky again this time or if the others win too

Long on $GE (+0,91 %)

• ticket: https://www.sg-zertifikate.de/product-details/SW5UJ5
• Leverage: 8
• Knock-Out: 142.87$
• Portfolio weighting: 0.34%
• Stoploss is set at -20% // Edit1: Stoploss set at 1.91€ // Edit2: Stoploss set at 2.25€ (+17%)

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no risk no fun. that's my motto

https://www.youtube.com/watch?v=7Foftj4voa0

What we can expect from tomorrow:

Monday:

• SAP ($SAP (+2,96 %)) Verizon, Communications ($VZ (-0,4 %)) Ryanair Holdings ($RYAAY),
• Truist Financial ($TFC (+1,51 %)) report figures

Tuesday:

• Existing property sales (June)
• Alphabet ($GOOGL (+0,99 %)), Tesla ($TSLA (+6,49 %)), Visa ($V (-1,68 %)), Coca-Cola ($KO (-1,76 %)), GE Aerospace ($GE (+0,91 %)), Comcast ($CMCSA (+0,53 %)), United Parcel Service ($UPS (-1,9 %)) report figures

Wednesday:

• S&P Global Flash Composite U.S. PMI (July)
• New real estate sales (June)
• Advance International Trade (June)
• Advance retail inventories (June)
• Advance wholesale stocks (June)
• Thermo Fisher Scientific ($TMO), IBM ($IBM (-1,49 %)), ServiceNow ($NOW (+2,68 %)), AT&T ($T (-2,2 %)) report figures

Thursday:

• Gross Domestic Product (GDP) (Q2)
• Durable goods orders (June)
• FigVie ($ABBV (-0,32 %)), AstraZeneca ($AZN (-0,35 %)), Union Pacific Corp ($UNP (-1,26 %)), Unilever ($UL (-0,43 %)), Honeywell International ($HON (+0,31 %)) - report figures

Friday:

• Personal Consumption Expenditure (PCE) Index (June)
• Consumer Sentiment (July)
• Bristol Myers Squibb ($BMY (-1,79 %)), Colgate-Palmolive ($CL (-1,52 %)), 3M ($MMM (+0,41 %)) report figures

Sale 1 of 4 due to error limit instead of stop.

So after about 7 years I am parting with General Electric.

What made me buy in 2016/17? Share price performance and high dividend yield.

What was the result, pension provisions and mismanagement halved the share price again, dividend was canceled.

$GE (+0,91 %) Restructuring case.

After 7 years, 2 with dividends, I have now reached my entry price again. There were also spin-off shares $GEV (+1,88 %) and $GEHC (+1,96 %) I hold them for less than 5,000 euros.

What have I learned? Despite blue stocks, US and dividend stocks, even aristocrats at the time, things never go as expected.

In my inbox today:

$GE (+0,91 %) GE divests GE Vernova

GE announces the filing of the registration statement on Form 10 for the proposed spin-off of GE Vernova

GE Vernova, a global leader driving electrification and decarbonization, will become a standalone public company

GE Vernova is well positioned for decades of growth driven by the energy transition

Latest milestone: GE Vernova prepares for spin-off in early April following strong 2023 results and continued momentum

GE's financial position is strong and supports the development of GE Vernova and GE Aerospace as well-capitalized, investment-grade companies

(WK internal) - BOSTON - GE (NYSE:GE) today announced the filing of its Form 10 registration statement with the U.S. Securities and Exchange Commission ("SEC") for the proposed spin-off of GE Vernova.

A copy of the Form 10 is available on the SEC's website at www.sec.gov.

H. Lawrence Culp, Jr, Chairman and CEO of GE and CEO of GE Aerospace, said, "Today's filing underscores GE Vernova's important progress toward its spin-off as an independent, global leader driving electrification and decarbonization." Our financial position is strong to support the development of GE Vernova and GE Aerospace as well-capitalized, investment-grade companies, and we look forward to introducing them to the world in early April."

Scott Strazik, CEO of GE Vernova, said: "GE Vernova is a purpose-built company serving the energy industry with a unique scope and scale of solutions to create a more sustainable world." Today's milestone demonstrates the significant progress our teams have made in preparing GE Vernova to launch as a standalone company and shows how we will capitalize on the growing demand for products and services for the energy transition. Our momentum continues to build with this latest milestone as we approach our spin-off."

Source:

Windkraft Journal

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