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CLOSING UPDATE: General Electric increased 0.6%, led Diversified industrials sector higher all day 26 July 2017 17:53 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's NYSE market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

General Electric, NYSE's largest diversified industrials company by market capitalisation, has increased 0.6% to trade at $US25.59 vs. the Diversified industrials sector which strengthened 6.9 points (or 0.3%) to 2,125.7. Representing a weighting of about 44.7% of the sector, the stock accounted for 82.3% of today's gain. Trading volume was 1.3 times average at the end of the day. Compared with the S&P 500 Index which rose 0.7 points (or 0.03%) in the day, this represented a relative price increase of 0.6%.

Technical indicators complementing today's significant uptrend:

+ The 1.3% premium to 12-month low of $US25.26 against the 19.1% discount to high of $US31.62 suggests the decline might be bottoming.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Price/Sales of 1.8 [2.1]

+ Dividend yield of 3.7% [2.9%]

Bullish Signals:

+ The company is cash rich with Cash to Market Capitalisation at 19.9%.

+ Tobin's Q Ratio is 0.6. Compared with the rest of the market the stock is undervalued.

+ The Brand Value represents an impressive 10.3% of the estimated Enterprise Value of $US360.1 billion.

Note

Bearish Signals:

The negative 0.49 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

In the NYSE market, the stock's relative price strength percentile is slipping at 16 for 6 months, 12 for 3 months and 5 for 1 month.

In the last three months the stock has hit a new 52-week low seven times, pointing to a significant downtrend.

The price sank 5.0% in the last week and tumbled 7.3% in the last month.

Net profit margin has averaged 6.4% in the last 3 years. This is lower than the sector average of 12.5% and suggests a low margin of safety.

As per the Du Pont analysis, Return on Equity of 12.1% is lower than sector average of 17.9%.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Earnings of 24.2 [21.5]

Return on Equity 12.1% [17.9%]

Return on Assets 2.6% [4.6%]

TODAY'S ALERT

Afternoon Alert: General Electric increases 0.6%, leads Diversified industrials sector higher

26 July 2017 13:10 EDT

General Electric Company (NYSE:GE) has increased 0.6% to trade at $US25.59 vs. the Diversified industrials sector which strengthened 7.7 points (or 0.4%) to 2,126.5. Representing a weighting of about 44.6% of the sector, the stock accounted for 73.1% of today's gain. Trading volume was 72% of average so far today.

RECENT ALERTS

CLOSING UPDATE: General Electric keeps sliding: down 5.6% in 3 days

24 July 2017 17:52 EDT

General Electric, NYSE's largest diversified industrials company by market capitalisation, extended its slide on Monday, shedding an additional 48.0c (or 1.9%) to trade at $US25.43. Trading volume was 1.7 times average at the end of the day. The shares have fallen $US1.51 (or 5.6%) over the past three trading days vs. the S&P 500 Index which has fallen 0.2% in the same period.

Afternoon Alert: General Electric keeps sliding: down 5.4% in 3 days

24 July 2017 13:05 EDT

General Electric Company (NYSE:GE) extended its slide on Monday, shedding an additional 42.0c (or 1.6%) to trade at $US25.49. The shares have fallen $US1.45 (or 5.4%) over the past three trading days vs. the S&P 500 Index which has fallen 0.2% in the same period.

General Electric Company (N:GE)

ISIN: US3696041033

PermID: 4295903128

CIK: 40545

CUSIP: 369604103

Source: www.BuySellSignals.com