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General Electric Company - GE trading signal

U.S. stock price signals and analysis

Good morning Traders,

With the close of June 28, Lift-Off confirms a LONG trading signal on the U.S. stock General Electric Company (Ticker: GE) listed on the NYSE and part of the S&P500 (SPX)

The stock closed at USD 107.05 per share, marking a +2.03%.

Excellent bullish trend for the company, with major recovery of the GAP from the beginning of the year and continuation of the bullish trend.

The company could benefit from further uptrend due to the rotation of capital from the Tech sector to companies in other sectors, such as industrial.

Below chart of General Electric Company Trust - GE - with the signal detected by Lift-Off 

The company is active in the "manufacturing supply chain" sector particularly in the "Industrial Machinery Industry"

Profile

General Electric (GE) is a U.S. multinational company with a long history in the engineering and electronics industry. Founded in 1892, GE has grown to become one of the largest and most influential companies in the world.

GE operates in a variety of industries, including energy, aviation, health care, transportation, and finance. The company provides a wide range of products and services, including wind turbines, aircraft engines, medical equipment, transportation systems and energy solutions.

GE is distinguished by its ability to innovate and develop cutting-edge technologies. The company is committed to the research and development of innovative solutions to address global challenges, such as energy efficiency, sustainability, and healthcare innovation.

In addition, GE is involved in the financial sector through GE Capital, which provides financing and investment services to support the operations of the company and its customers.

Over the years, GE has developed a solid reputation for the quality of its products and services, as well as for its leadership in the industry. The company has an extensive global presence and works with customers and partners around the world to offer customized solutions tailored to the specific needs of each market.

With its commitment to innovation, operational excellence, and social responsibility, GE aims to create long-term value for shareholders, customers, and the communities in which it operates. The company is committed to driving progress and enhancing the quality of life through its advanced technology solutions.

Next earnings announcement for Q2 2023:July 25, 2023

Q1 2023 Results

EPS: Reported 0.27/ Expected 0.14/ Previous 1.24

Earnings: Reported 14.49B/ Expected 13.10B/ Previous 21.01B

Financial Overview: GE's current market capitalization amounts to USD 116.573B.

Accounts, including sales, expenses, profit and loss: GE's total sales for the latest quarter is USD 14.48B, down 33.58% from the previous quarter. Net income in Q1 23 is $7.50B USD.

Earnings and Revenues: GE's earnings for the last quarter were $0.27 USD, while the estimate was $0.14 USD, for a surprise factor of 96.64%. The company's revenue for the same period amounted to 14.49B USD despite the estimated figure of 13.10B USD. Estimated profits for the next quarter are 0.45 USD, while revenue is expected to reach 14.79B USD. Also observe the annual changes over time to get a broader picture of GE's earnings and revenue dynamics.

Overview data and accounts source: Tradingview.com

Signal chart of June 29, 2023

LONG - General Electric Company - GE

Input price: $107.05 USD (and any price)

Important:

We would like to remind you that the chosen signal was identified from those detected by the Lift-Off indicator, which you can view in the "Signals" section of our website. However, we will NOT provide any guidance on how to handle the trade.
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