Why Analyst Are Bullish On GE – CWEB.com

• General Electric (NYSE:GE) shares   have fallen, says William Blair analyst Nicholas Heymann, who expects the stock to rise ~50% this year after crashing 52% in the past 12 months.
• Despite overwhelmingly negative media sentiment, Heymann foresees no further dividend cut or share issuance to raise money, and he expects GE’s planned sale or exit from underperforming businesses valued at $20B to net the company $12B-$15B in cash by the end of 2019.
• Nicholas Heymann expects more turmoil ahead as GE continues to work through its problems but he also believes CEO John Flannery’s moves to “reset everything” and simplify the business will enable the company to lift its annual cash flow to “the mid teens” in billions of dollars by 2020.
• General Electric (NYSE:GE) announces plans to   invest more then $500 Million  over the next 3-5 years to develop the world’s largest, most powerful offshore wind turbine.

  GE says the Haliade-X turbine will feature a 12 MW direct drive generator and produce 45% more energy than any other offshore turbine; one turbine would generate up to 67 GWh annually, enough clean power for up to 16K households per turbine and up to 1M European households in a 750 MW wind farm configuration.

• GE has told also investors that it is keeping its stake in Baker Hughes (NYSE:BHGE) , contrary to its previous statement.

  We explore the possibility of a deal where GE acquires the remaining 35% of Baker Hughes (NYSE:BHGE)   it does not own currently.

CWEB Analyst have initiated a Buy Rating for (NYSE:GE  ) and a Price Target of $28 within 12 months.

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Industrial Shares Take A Hit After The Impact Of White House Tariffs Weighs In – CWEB.com

Industrial shares and stocks are taking a hit into the final hour of trade amid concerns that the policy of White House has changed on imported steel and aluminum and could ignite a trade war: MTW -6%, CMI -4.4%, RRD -4.1%, LMT -3.8%, SWK-3.5%, CHRW -3.4%, BA -3.4%, UTX -3.2%, CAT -3%, EXPD -2.9%, NOC-2.9%, RTN -2.8%, SNA -2.8%, PCAR -2.8%, TXT -2.7%, ROK -2.5%.

“Meanwhile, any inflationary impulse from higher tariffs depends on whether firms view the increase as permanent and if the current state of the business cycle would contribute to a high pass-through rate from tariffs to final goods,” Barclays says.

ETFs: XLI, VIS, FIDU, IFLY, IYJ, PAVE, FXR, AIRR, RGI, UXI, SIJ, JHMI, INDF

Wall Street’s main indexes fell onThursday as industrial stocks, including heavyweights Boeing andCaterpillar, took a beating on fears that potential tariffs onsteel imports could hit profits.

SEC launches sweeping investigation into cryptocurrencies – CWEB.com

The SEC has investigations and information requests in a sweeping probe of technology companies and advisers involved in the booming market for digital tokens,  WSJ  reports.

The investigation significantly ratchets up the regulatory pressure on the booming U.S. market for raising funds in cryptocurrencies.

Coin offerings raised $6.5B in 2017 and more than $1.6B so far this year despite a crash in the price of bitcoin and other cryptocurrencies.

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Amazon Is Acquiring Doorbell Video Camera Startup Ring – CWEB.com

Amazon (NASDAQ:AMZN) will buy video doorbell startup Ring for an undisclosed amount. Both companies confirmed the news.

Amazon acquires another company right here in Santa Monica for a mere $1 Billion.

Ring reportedly has a valuation around $1Billion.

Walmart (NYSE:WMT) previously made a play for Ring while Amazon offered $100M for smart doorbell company August in 2016. August declined, and Amazon developed the Amazon Key system.

The Ring purchase should help Amazon’s overall hardware business, but it’s also a not-so-subtle attempt to counter Google Nest team.

“Ring is committed to our mission to reduce crime in neighborhoods by providing effective yet affordable home security tools to our Neighbors that make a positive impact on our homes, our communities, and the world,” Ring said in a statement.

“We’ll be able to achieve even more by partnering with an inventive, customer-centric company like Amazon.”

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