Trading Ideas

Baker Hughes will emerge from the shadow of parent General Electric Co. amid unprecedented turmoil and dislocation in the global oil business. GE’s plan to unload its 62.5 percent stake in the oilfield-services company over the next two to three years will leave Baker Hughes in much the same place it was before the industrial conglomerate absorbed it last year: battling the behemoths of oil services — Schlumberger Ltd. and Halliburton Co. — for customers and contracts. Since that combination, rising crude prices haven’t translated into improved results in many parts of the globe and Baker Hughes’s stock …read more […]

Leading the Apple (NASDAQ:AAPL) rumor mill today is news of all of AAPL’s product plans for 2018. 2018 Plans: A recent rumor claims to know all of Apple’s product plans for 2018, reports BGR. AirPods Case: An unlikely rumor claims that Apple will introduce a new feature to the AirPods’ charging case in its next generation, 9to5Mac notes. …read more […]

Bank of America Corp. was accused in a lawsuit of providing more than 100 accounts used to perpetrate what the U.S. regulators called a $102 million Ponzi scheme. The brother and sister who sued to recover losses from their late father’s investment claim the fraudsters “could not have perpetuated their scheme without the knowing assistance of their primary banking institution, Bank of America, which lent the scheme an air of legitimacy and provided critical support, including at times when the scheme would have otherwise collapsed,” according to the complaint. Bank of America spokesman Bill Halldin had no immediate …read more […]

Today we’re going to take a look at the well-established American Airlines Group Inc (NASDAQ:AAL). The company’s stock saw significant share price volatility over the past couple of months onRead More… …read more […]

GE is holding a fire sale, and investors are excited by the prospect. …read more […]

Netflix, Salesforce, Spotify and Northrup Grumman are the companies to watch. …read more […]

The slimmed-down company will focus on jet engines, power plants and renewable energy, which GE hopes will reward battered shareholders who have seen the stock lose more than half its value over the past 20 years. “This is really the culmination of 10 years of observations I’ve had about the company,” said Chief Executive Officer John Flannery, a GE veteran who took the helm in August with a mandate to revamp the company. GE said its plan will strengthen its balance sheet by reducing debt, building up cash and further shrinking GE Capital. …read more […]

GE CEO: This is the end of the blue chip’s overhaul — ‘We are finished’|| 105294811 …read more […]

Jun.26 — President Donald Trump turned his attention to Harley-Davidson’s decision to move some production overseas to avoid European Union tariffs while his administration offers conflicting messages on trade plans. Bloomberg’s Kevin Cirilli reports on “Bloomberg Markets: The Open.” …read more […]

Tandem Diabetes Care Inc. bulls still see upside for the insulin pump maker, even after shares increased ten-fold so far this year. Sell-side analysts rushed to boost their price targets for one of the Russell 2000 Index’s best performers in the wake of last week’s Food and Drug Administration approval of a technology for the company’s insulin pump. Piper Jaffray analyst JP McKim called the approval a “game changer” that will help attract patients and give them reason to upgrade to newer pumps. …read more […]

Yahoo Finance’s Alexis Christoforous and Jared Blikre break down the latest market action after Walmart officially replaces General Electric in the Dow Jones Industrial Index.

Here’s the performance of the Dow Jones Industrial Average components (plus GE) as of 10:30 am ET:

GE General Electric Co 6.67%
V Visa Inc 1.96%
CSCO Cisco Systems 1.49%
AAPL Apple Inc 1.32%
MSFT Microsoft Corp 1.19%
BA Boeing Co 0.73%
MCD McDonald’s Corp 0.64%
XOM Exxon Mobil 0.54%
NKE Nike Inc Cl B 0.53%
MMM 3M Co 0.45%
PFE Pfizer Inc 0.47%
DWDP DowDuPont Inc 0.39%
UTX United Technologies 0.37%
HD Home Depot Inc 0.32%
AXP American Express Co 0.30%
$INDU Dow Jones Industrial Average 0.23%
CVX Chevron Corporation 0.15%
UNH UnitedHealth Grp Inc 0.12%
DIS Disney (Walt) Co 0.06%
GS Goldman Sachs Grp -0.05%
KO Coca-Cola Co 0.00%
PG Procter & Gamble Cc -0.08%
VZ Verizon Communications -0.09%
IBM Intl Business Machines Corp -0.11%
CAT Caterpillar Inc -0.46%
MRK Merck & Co -0.41%
JNJ Johnson & Johnson -0.43%
TRV The Travelers Companies Inc -0.50%
WMT Wal-Mart Stores -0.52%
JPM JPMorgan Chase & Co -0.75%
INTC Intel Corp -1.42% …read more […]

A former top U.S. Defense Department official said Tuesday he was “alarmed” by a recent decision by Alphabet Inc.’s Google to withdraw from work on a department initiative applying artificial intelligence tools to analyzing drone footage. More than 4,000 Google employees signed a petition calling for the cancellation of the Project Maven contract, citing Google’s history of avoiding military work and worries about autonomous weapons. “They say, look this data could potentially, down the line, at some point, cause harm to human life,” said Work, who served under President Barack Obama, at a Washington event on tech in …read more […]

The moves come as new CEO John Flannery approaches his anniversary at the company’s helm, where he has set out sweeping cost-cutting and debt-reduction goals. General Electric has found a way to tell investors some good news as it leaves one of the most famous stock indexes in the world. Shares of the once-sprawling industrial behemoth surged as much as 7% Tuesday after it said it would sell off its majority stake in oil services company Baker Hughes over the next two to three years. …read more […]

Lennar Corp on Tuesday reported a better-than-expected quarterly profit as housing demand got a boost from a strengthening economy and job growth. The U.S. homebuilder’s shares rose 9 percent in premarket trading. Shares of rivals D.R. Horton Inc and PulteGroup Inc were also up 3 percent to 4 percent. …read more […]

General Electric shed more of its major assets, announcing plans to cast away its health care business and sell its interests in the oil-services company, Baker Hughes. The company’s latest round of winnowing arrived Tuesday, the first time since 1907 that General Electric Co. will not be a member of the exclusive Dow Jones industrial average at the opening bell. The company says it’s reducing its debt by $25 billion and removing additional risk as it reimagines itself as something very different from the multinational conglomerate it was before the Great Recession. …read more […]