Jeff Immelt tells Jim Cramer GE is everything Trump’s looking for: an American company that exports goods around the globe. In his second “Executive Decision” segment, Cramer sat down with Jeff Immelt, chairman and CEO of General Electric , which delivered in-line earnings and weak revenues when it reported on Jan 20. Shares of GE are down 6.7% for the year.
Category: General Electric
General Electric Company Disappoints Again — What It Means to Investors
As you can see in the chart below, it’s not enough of a formula to convince investors, and the stock price has notably underperformed the S&P 500 and its peers. What’s going on, and is it reason to panic? It’s useful to look at a timeline showing how organic revenue growth guidance changed throughout the year.
GE Misses Sales Estimates as Oil Weighs on Immelt’s Overhaul
General Electric Co.’ s woes in the oil patch persisted in the fourth quarter, denting sales and dragging down shares to their biggest decline in four months.
What Happens When GE Earnings Meet Donald Trump’s Corporate Tax Plan
A wild card that may drive higher growth at GE and reposition manufacturers as drivers of the U.S. economy is President-elect Donald Trump’s plan to cut corporate taxes. For now, investors gauging General Electric CEO Jeffrey Immelt’s progress toward delivering $2 of profit per share in 2018 can monitor benchmarks such as fourth-quarter shipments of a But there’s a wild card that may deliver much more spectacular growth, though on a longer and fuzzier timeline: President-elect Donald Trump’s plan to cut corporate tax rates to 15% from as much as 35%.