Generalelectric
Mr. West Weekly notes Report no. 10Trending up: CAN, REKR, MTSL, CSX, XELA, JETS, BOTZ, HERO, MVIS, ROKT, RAIL, AESE, UA, SYN, ZNGA,
Trending down: CRON, PBI, ACB
Consolidating: WPRT, GE, NNDM, AMC, JBLU, DENN, NCLH, MICT, NAKD,
Today's notes will reflect the number of up trending, trending down and consolidating stocks that are on the List. Majority of the stock list has shown great growth over the past month. CAN has grown based off the number of volume that bitcoin is fluctuating through. The airline industry is starting to grow slightly, but many corporate businesses are may not execute flight travel due to virtual business meetings becoming the normal routine. On the consolidating list, some stock have shown a few promising set ups for possible swing trades in NCLH, MICT, NAKD and GE.
Based on the weather conditions in the U.S. and the server ice storms along the Eastern coast, many sales went up due to increase sales with GE heating products and trying to keep warm during cold times.
Mr. West Daily notes Report no. 2Based on a technical analysis for the month of December, a few stocks are showing signs of an up trend, down trend and consolidation. Here is a separated break down of stock companies.
Trending up: ROKT, MICT, ZYNGA, HERO, HERO, DENN, GE, NCLH, BOTZ, MVIS, SNE, SAVE, CCL
Trending Down: NIO, CAN
Consolidating: AESE, UA, NKLA, JBLU, CRON
Majority of the stock that are at a up trend are companies that are technology and industrial type. Both (HERO and BOTZ) ETFS are up so that is a clear indication for long term investments. The down trend stocks are also sharing some relative signs of having a strong up side based off being over bought this past month. However, there will be another progression of the down trend stocks reversing its down trend into an up trend.
One stock company in particular has also shown signs of sales increasing due to weather season changes. In the event of the U.S. economy taking a hit through the COVID-19, General Electric stock (GE) has grown with a 5.77% this month. Based on the U.S. climate changing to colder temperatures, there has been a growth of sales and revenue. GE supplies Heaters, Stoves, and Electric powered devices to warm homes. (See image link Below)
GE has also shown patterns of spike in sales during this time by using technical chart breakdown of looking at the charts past movement around the months of October to December. With the first signs of snow in the South Eastern part of the U.S., this may indicate that the Company may have a great increase of its share price due to colder temperatures.
Trendline Break Setup (Paper trade)*Not trading advice, entertainment purposes only, DYOR
Reasons for a trade:
1.) Putting in market structure at or below
78.6, off fibs from 3 most recent highs.
2.) Has W and working on confirmation of larger W
3.) Moving Average Convergence
4.) Put in market structure after break of 2
significant downward sloping trendlines
5.) Divergence in MACD
6.) Market structure and cross on the Willy coming out of oversold
7.) Market Structure on OBV w/MA cross
8.) Bears falling asleep
9.) Beautiful candle body that closed above VP POC
10.) 2:1 RR just above gap at top of most recent range
11.) 6.1:1 RR by a return and touch to 200MA.
12.) 10.2:1 RR by returning to Gann 50%
13.) Near Original breakout out levels from 1992, sheesh
Enter trade at check of top of double bottom $6.30
Set stop just below double bottom at $6.01
Sell 1/2 my position at 2:1 ($6.88) and move remaining to scratch.
use 3 highs/Lows method on remaining if PA continues to put in bullish market structure.
NYSE:GE
General Electric Stock Analysis + Ready for recovery !📌 General Electric Stock Analysis. For Financials Analysis Sheet kindly message us through Trading View.
📍 Stock info
Market Cap 54.62B
Revenue (ttm) 77.37B
Net Income (ttm) -4.48B
Shares Out 8.75B
EPS (ttm) -0.58
PE Ratio n/a
Forward PE 16.00
Dividend $0.04
Dividend Yield 0.64%
📍 Stock Quote
Trading Day Oct 2, 2020
Last Price $6.24
Previous Close $6.23
Change ($) 0.01
Change (%) 0.16%
Day's Open 6.28
Day's Range 6.11 - 6.29
Day's Volume 96,781,556
52-Week Range 5.48 - 13.26
📍 Market Cap 54.62B
Enterprise Value 95.07B
Earnings Date (est) Oct 28, 2020
Ex-Dividend Date Sep 25, 2020
Shares Outstanding 8.75B
Float 8.70B
EPS (basic) -0.58
EPS (diluted) -0.58
FCF / Share 0.69
📍 Dividend $0.04
Dividend Yield 0.64%
Earnings Yield n/a
FCF Yield 10.97%
Payout Ratio n/a
Shares Short 103.57M
Short Ratio 1.28
Short % of Float 1.19%
Beta 0.92
📍 PE Ratio n/a
Forward PE 16.00
P/FCF Ratio 9.11
PS Ratio 0.71
PB Ratio 1.58
Revenue 77.37B
Operating Income 819.00M
Net Income -4.48B
Free Cash Flow 5.99B
📍 Description
General Electric Company operates as a high-tech industrial company in the United States, Europe, Asia, the Americas, the Middle East, and Africa. It operates through Power, Renewable Energy, Aviation, Healthcare, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, and hardware and software; offshore wind turbines; solutions, products, and services to hydropower industry; blades for onshore and offshore wind turbines; and high voltage equipment. The Aviation segment provides jet engines and turboprops for commercial and military airframes; maintenance, component repair, and overhaul services, as well as replacement parts; integrated digital components; and additive machines and materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics; drug discovery; biopharmaceutical manufacturing technologies; and performance enhancement solutions to hospitals, medical facilities, pharmaceutical and biotechnology companies, and life science research markets. The Capital segment leases and finances aircraft, aircraft engines, and helicopters; provides financial and underwriting solutions; and manages its run-off insurance operations which provides life and health insurance and reinsurance products. The company was founded in 1892 and is headquartered in Boston, Massachusetts.
💡 Is GE a good idea after all?
With its focus on renewable energy and its decision to stop catering to the shrinking coal industry -- in addition to its stronger financial position -- it's understandable why investors have grown so interested in GE's stock lately. For investors with a higher tolerance for risk and a willingness to weather near-term volatility, GE seems worth considering to Hold for better returns an portfolio Building.
Thank You.
GE in an interesting price zoneH&S forming + horizontal trendline which goes back to 2009 - all signs for me to keep an eye on GE for the next couple of days or even weeks.
Price action at the neckline of the H&S will determine either to stick with the trade or even reverse and go short.
Trade with care!