GENERAL ELECTRIC (GE) Stocks
ABOUT GENERAL ELECTRIC
📊 American General Electric Company is a multinational conglomerate operating through various segments. These segments are power, renewable energy, aviation, digital industry, healthcare, additive manufacturing, lighting, oil and gas as well as venture capital and finance.
📊 General Electric is an industrial leader in scale and diversity and committed to shareholder value. The company has high-value businesses in critical industries and is positioned to lead in a new digital era.
📊 The company’s history dates back to 1892 when it is founded in Schenectady, New York. Today it is headquartered in Boston, Massachusetts and has approximately 283 000 employees in 2019.
📊 General Electric Company’s subsidiaries include GE Healthcare, Baker Hughes, a GE company (62.5%), GE Additive, GE Capital, GE Power, GE Aviation, GE Digital and GE Global Research.
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OVERVIEW OF GENERAL ELECTRIC
- In 1889 Thomas Edison has business interests in various electricity-related companies in the United States. Drexel, Morgan & Co. and Anthony J. Drexel finances Edison’s research and assists him in merging all the companies to form the Edison General Electric Company. This company is incorporated in New York on April 24th, 1889. During the same year the new company buys Sprague Electric Railway & Motor Company. In 1892 General Electric Company is formed through the merger of Edison General Electric Company and the Thomson-Houston Electric Company. Today both plants continue to operate under the GE banner. General Electric’s Canadian counterpart, Canadian General Electric, is formed around the same time.
- General Electric is one of the original 12 companies listed on the newly formed Dow Jones Industrial Average in 1896. It remains a part of the index for 122 years although not continuously. General Electric absorbs the National Electric Lamp Association (NELA) into its lighting business in 1911. The lighting division headquarters is established in East Cleveland, Ohio.
- Ernst Alexanderson of GE, makes the first demonstration of his television broadcasts in 1927 at his General Electric Realty Plot home in Schenectady, New York. In 1928 he makes the first broadcast to the public in the U.S. on GE’s W2XAD. The visuals are viewed in the homes of four GE executives on 1.5 square inch screens. The sound is broadcast on GE’s WGY (AM). W2XAD evolves into television station WRGB which with WGY and WGFM (now WRVE) is operated and owned by GB until 1983.
- General Electric moves to turbo superchargers and introduces its first during World War I. GE supplies 300 000 turbo superchargers for use in fighter bomber engines. The U.S. Army Air Corps select the company to develop the country’s first jet engine leading to GE being ranked ninth among U.S. corporations in the value of wartime contracts. GE Aviation bypasses British Rolls-Royce plc and emerges as one of the world’s largest engine manufacturers. In the 1950’s GE starts manufacturing computers as they are the largest computer user outside of the United States federal government. GE is the first business in the world that owns a computer.
- Two GE employees, Irving Langmuir (1932) and Ivar Giaever (1973) are awarded the Nobel Prize. General Electric ranks amongst the Fortune 500 as the 18th largest firm by gross revenue in the U.S. in 2018. In 2013 GE receives a National Jefferson Award for Outstanding Service by a Major Corporation. GE signs an estimated $7 million deal with the Boston Celtics in 2017 to have its corporate logo put on the NBS team’s jersey.
VALUES OF GENERAL ELECTRIC
- General Electric Company values unyielding integrity, commitment to performance and a thirst for change. GE Healthcare collaborates with the Medical University of South Carolina and the Wayne State University School of Medicine offering an integrated radiology curriculum during their various MD Programs.
- These are led by investigators of the Advanced Diagnostic Ultrasound in Micro-Gravity study. More than a million dollars of Logiq E Ultrasound equipment is donated to these two institutions by GE.
- In 2011 GE licenses solar thermal technology from California based eSolar to use in its power plants that use both natural gas as well as solar. The same year it unveils is EV Solar Carport which incorporates solar panels on its roof and electric vehicle charging stations below.
MARKET PERFORMANCE OF GENERAL ELECTRIC
- General Electric Company trades on the New York Stock Exchange under the NYSE Stock Symbol “GE”.
- In 2018 its revenue is $121.615 billion and its operating income $-20.248 billion. The company’s net income is -22.802 billion and its total assets $309.129 billion. Total equity is $30.981 billion.
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LATEST NEWS GENERAL ELECTRIC
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy GENERAL ELECTRIC Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN GENERAL ELECTRIC STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE GENERAL ELECTRIC STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of GENERAL ELECTRIC stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy GENERAL ELECTRIC stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?
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