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
Summary
Urgency
Analytic
Andrey Shevchenko
Start trade
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

What to Pay Attention to on August 20? A Breakdown of Fundamental Events for Beginners

Only two macroeconomic releases are scheduled for Wednesday. The UK and the eurozone will publish consumer price indices for July. The European report is released in two estimates

Paolo Greco 07:26 2025-08-20 UTC+2

EUR/USD Overview – August 20: Just a Pause. Period

The EUR/USD currency pair on Tuesday (as in recent days) traded in an ultra-calm manner. On Monday, it declined, on Tuesday, it grew slightly, but overall, recent moves have taken

Paolo Greco 03:38 2025-08-20 UTC+2

GBP/USD Overview – August 20: Technicals and Nothing but Technicals

On Tuesday, the GBP/USD currency pair continued its sluggish downward movement. In principle, there is no point discussing anything other than the technical picture right now. This week, apart from

Paolo Greco 03:38 2025-08-20 UTC+2

Yen Remains in Range

Japan's real GDP grew by 0.3% quarter-on-quarter (1.0% y/y) in the second quarter of 2025, exceeding Bloomberg's market forecast (+0.1% q/q, +0.4% y/y). This marked the fifth consecutive quarter

Kuvat Raharjo 00:58 2025-08-20 UTC+2

NZD/USD. RBNZ August Meeting: Preview

On Wednesday, August 20, the Reserve Bank of New Zealand will conclude its latest meeting, where it may reduce the interest rate by 25 basis points—from 3.25% to 3.0%

Irina Manzenko 00:58 2025-08-20 UTC+2

Four Reasons to Sell the Dollar

The euro is set to strengthen against the U.S. dollar. The key question is when EUR/USD will be able to resume its upward trend. JP Morgan believes the main currency

Marek Petkovich 00:58 2025-08-20 UTC+2

EUR/JPY. Analysis and Forecast

Uncertainty over a Bank of Japan rate hike and hopes for a peace agreement between Russia and Ukraine undermine the yen. Today, Tuesday, for the second

Irina Yanina 19:50 2025-08-19 UTC+2

USD/JPY. Analysis and Forecast

Diverging expectations for Bank of Japan and Federal Reserve policy support the low-yielding yen, while hopes for a peace agreement between Russia and Ukraine limit the safe-haven yen's advance

Irina Yanina 19:33 2025-08-19 UTC+2

Gold Prices Remain Nearly Unchanged

Gold prices were little changed as traders assessed U.S. efforts to end the military conflict in Ukraine while counting down to the Federal Reserve's annual meeting in Jackson Hole. Investors

Jakub Novak 10:57 2025-08-19 UTC+2

What Could Help the Pound Return to Growth

The British pound is losing ground even though money market expectations are rising that the Bank of England will keep interest rates at 4% until the end of the year

Jakub Novak 10:52 2025-08-19 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.