Is General Electric (GE) Doomed To Have A Terrible 2019 Too?
Zacks Investment Research | Dec 17, 2018 06:37AM ET
The U.S. equity market has been witnessing volatility in 2018. The country’s broader indexes wholeheartedly welcomed the tax policy changes as well as enjoyed improved industrial activities and job markets.
However, the uptrends were short-lived as trade war escalated between the United States and China after the Trump government chose to impose tariffs on steel, aluminum and an array of other products. Further, inflation has been a hindrance, largely eroding corporate margins.
Year-to-date yields of the country’s prime stock indexes are in red — with S&P 500 down 2.8%, Dow Jones Industrial Average declining 2.5% and the NYSE dipping by 8.2%.
The unfavorable market backdrop and inherent weaknesses made the industrial giant General Electric Company (NYSE:GE) struggle during the year. The Zacks Rank #4 (Sell) company’s shares have declined nearly 59.3% year to date, worse than the S&P 500 and the Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.