|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||22.10 - 23.84|
|52-week range||22.10 - 32.38|
|PE ratio (TTM)||29.03|
|Earnings date||18 Jan 2018 - 22 Jan 2018|
|Forward Dividend & Yield||0.96 (4.07%)|
|1y target est||27.80|
RBC Capital lowered its price target for Chipotle Mexican Grill (CMG) to $330 from $400 on concern about sales, increasing labor costs, the chain’s disappointing queso launch and higher avocado prices. In a note to clients, titled “Worst queso scenario,” analyst David Palmer wrote, “We suspect that recent performance of Chipotle’s SSS initiatives (e.g., queso) and marketing effectiveness is likely to disappoint expectations. Citi upgraded Lululemon (LULU) to a buy from hold and raised its price target on the stock to $73 a share, implying a 21% move to the upside from the stock’s closing price on Thursday.
On the 30th anniversary of the worst day in market history, stocks staged a comeback and made it look like, well, nothing happened. The economic calendar will also be a bit more quiet with only the September report on existing home sales set for release. A report from Politico also crossed late Thursday which suggested President Donald Trump is currently leaning towards nominating Fed governor Jerome Powell to be the next chair of the Federal Reserve.
General Electric’s stock retreated then recovered after the conglomerate’s earnings report shocked investors with the first profit miss in 2 1/2 years but soothed with an intact dividend for now.
Vital Signs A week that could have been a nightmare instead finished like a dream. The Dow Jones Industrial Average climbed 456.91 points, or 2%, to 23,328.63 last week, while the Standard & Poor’s 500 index rose 0.9% to 2575.21. The Nasdaq Composite advanced 0.4% to 6629.05.
GE’s quarterly earnings fell as it incurred hefty restructuring charges during CEO John Flannery’s first official quarter at the helm, and the new CEO pledged to exit more than $20 billion of the company’s ...
General Electric left its investors unhappy once again. At least management seems to be getting the message this time.
GE’s next finance chief promised to get ‘back to basics’ with the conglomerate’s financial reporting, after the latest quarterly results highlighted the complexity of the company’s bookkeeping.
General Electric (GE) might have rallied from its early losses to close up on the day, but Standard & Poor's wasn't so sanguine about the industrial giant's "unacceptable" earnings today. From S&P's press release: General Electric Co. (GE) recently reported its earnings for the third quarter of 2017 and made several other announcements, including significantly lowering the expectations for its 2017 cash generation to reflect the weaker-than-expected conditions in the power markets and the underperformance of its working capital. Shares of General Electric have dropped 0.7% to $23.67 in after-hours trading after gaining 1.1% to $23.83 today.
General Electric's new CEO is starting to lay out bold plans to return the conglomerate to its industrial roots by slashing costs and streamlining its operations. John Flannery said Friday that the company ...