Wow. The Dow 30 up another 110 points in late morning trading. In fact, all three major indices are up (again). More records set. Dow 30 closes up 165 points; S&P 500 up 14 points; Nasdaq up 24 points.
NYSE, new highs,
- new lows on the NYSE, 22
- GE: from Reuters: even before the stock's decline on Friday, GE produced a total return - share appreciation plus reinvested dividends - of just 0.64 percent over the last 16 years. A $1,000 investment on the day former CEO Jeff Immelt started his tenure would be worth $1,006.38 today. Immelt stepped down August 1, 2017
- GE: from same link: it would generate only about $7 billion in cash from operations, down from $12 billion to $14 billion it had forecast earlier. It left its dividend unchanged
- GE: $1 billion operating cash flow (talking head on CNBC); dividends: $8 billion/year (CNBC)
- GE: "power" division is the big story; it would be interesting to know what percent renewables make up the "power" division
- GE: it seems this, the GE story, is an open-book test
- TSLA: Dow 30 up over 135 points today; meanwhile TSLA is down over 1%; analyst downgrades Tesla; sets price target at $170 (currently around $350);
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Life During Wartime
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