Cramer: It's hard to believe this is bottom for GE [MSN Money]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: MSN Money
© CNBC All CNBC's Jim Cramer heard after news broke that Walgreens would replace General Electric in the Dow Jones industrial average was that this has to be the bottom for shares of GE GE . But after hearing people call bottom in the ailing industrial's stock over and over again, the Mad Money host wasn't so sure. Load Error Since GE Chairman and CEO John Flannery replaced former CEO Jeffrey Immelt in August 2017, market-watchers have thought the stock was bottoming nearly every step of the way, Cramer said. They said it when the company cut its forecast that October; when GE halved its dividend in November; and again when it incurred a steep charge in its long-term care division in January. So now we're supposed to believe that being kicked out of the Dow Jones average after 111 years of being a member in good standing is somehow the bottom? On the basis of what, irony? Cramer asked Wednesday. He pointed to the company's
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GE
Earnings
- 4/23/24 - Beat
GE
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/15/24 - Form 3
- GE's page on the SEC website