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2021-09-28
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Is GE Stock A Buy After Q2 Earnings Beat?<blockquote>第二季度盈利超出预期后，GE股票值得买入吗？</blockquote>
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Is GE stock a buy right now?</p><p><blockquote><b>通用电气</b>随着航空业从冠状病毒大流行中缓慢复苏，通用电气(GE)的扭亏为盈继续获得牵引力。GE股票现在值得买入吗？</blockquote></p><p> In the second quarter, GE beat earnings views, while warning on inflationary pressures ahead. Wall Street generally took the view that General Electric continues to transform into a simpler and stronger company.</p><p><blockquote>第二季度，通用电气的盈利超出预期，同时警告未来的通胀压力。华尔街普遍认为，通用电气将继续向一家更简单、更强大的公司转型。</blockquote></p><p> <b>GE Stock Technical Analysis</b></p><p><blockquote><b>GE股票技术分析</b></blockquote></p><p> Shares are forming a cup-shaped base with a 115.30buy point, according toMarketSmith chart analysis. GE stock sits 9% below the entry, meaning it is far from a proper buying zone still. The industrial stock based around the 10-week line, but is back above that support level on thestock market today.</p><p><blockquote>根据MarketSmith图表分析，股价正在形成杯形底部，买入点为115.30。GE股价较入场点低9%，这意味着它仍远未达到适当的买入区域。工业股位于10周线附近，但今天又回到了股市的支撑位之上。</blockquote></p><p> Therelative strength linefor GE stock is falling again. It rallied late last year and in early 2021, within a multi-year downtrend. A rising RS line means that a stock is outperforming the S&P 500 index. It is the blue line in the chart shown.</p><p><blockquote>通用电气股票的相对强弱线再次下跌。它在去年年底和2021年初反弹，处于多年的下降趋势中。RS线上升意味着股票的表现优于标普500指数。它是所示图表中的蓝线。</blockquote></p><p> The industrial giant earns a dull IBD Composite Ratingof 60 out of 99. The rating combines key technical and fundamental metrics in a single score.</p><p><blockquote>这家工业巨头的IBD综合评级为60分（满分99分）。该评级将关键技术和基本指标结合在一个分数中。</blockquote></p><p> General Electric owns anRS Ratingof 83, meaning it has outperformed 83% of all stocks over the past year. TheAccumulation/Distribution Ratingis a C+, on a scale of A+ to a worst E. It's a sign of roughly equal buying and selling of GE shares by big institutions over the past 13 weeks.</p><p><blockquote>通用电气的anRS评级为83，这意味着它在过去一年中的表现优于所有股票的83%。积累/分配评级为C+，范围为A+至最差E。这表明过去13周大型机构对GE股票的买卖大致相等。</blockquote></p><p> GE remains a popular stock with strong institutional support. As of June, 1,914 funds owned shares. GE stock shows three quarters of rising fund ownership, according to theIBD Stock Checkup tool.</p><p><blockquote>通用电气仍然是一只受欢迎的股票，拥有强大的机构支持。截至6月，1914只基金持股。根据IBD股票检查工具，GE股票显示四分之三的基金持股量增加。</blockquote></p><p> <b>GE Earnings And Fundamental Analysis</b></p><p><blockquote><b>GE盈利和基本面分析</b></blockquote></p><p> On key earnings and sales metrics, GE stock earns anEPS Ratingof 45 out of a best-possible 99, and anSMR Ratingof E, on a scale of A+ (best) to E (worst). The EPS Rating compares a company's earnings per share growth vs. all other companies, and its SMR Rating reflects sales growth, profit margins and return on equity.</p><p><blockquote>在关键盈利和销售指标方面，GE股票的anEPS评级为45分（满分为99分），anSMR评级为E，范围为A+（最佳）到E（最差）。EPS评级将公司的每股收益增长与所有其他公司进行比较，其SMR评级反映了销售增长、利润率和股本回报率。</blockquote></p><p> In recent years, GE shed a biotech unit, its light bulb business, and a majority stake in its oil field services business. In March, GE announced a $30 billion deal merging its aircraft-leasing unit with<b>AerCap</b>(AER), using proceeds to lower debt. The deal is set to close by the end of 2021.</p><p><blockquote>近年来，通用电气剥离了一个生物技术部门、灯泡业务以及油田服务业务的多数股权。今年3月，通用电气宣布了一项300亿美元的交易，将其飞机租赁部门与<b>AerCap</b>（AER），利用收益降低债务。该交易预计将于2021年底完成。</blockquote></p><p> For Q2,GE earned five cents a share, beating views. Revenue rose 9% and also beat. In GE's business segments, revenue increased 10% in aviation, 3% in power, 14% in health care and 16% in renewable energy segment. And GE's industrial businesses generated roughly $400 million in cash vs. a year-ago cash burn of $2.068 billion, highlighting progress in its turnaround strategy.</p><p><blockquote>第二季度，通用电气每股盈利5美分，超出预期。收入增长9%，也超出预期。在GE的业务部门中，航空部门的收入增长了10%，电力部门的收入增长了3%，医疗保健部门的收入增长了14%，可再生能源部门的收入增长了16%。通用电气的工业业务产生了约4亿美元的现金，而去年同期的现金消耗为20.68亿美元，突显了其扭亏为盈战略的进展。</blockquote></p><p> \"Momentum is building across our businesses, driven by health care and services overall, with aviation showing early signs of recovery,\" CEO Larry Culp said in a statement. GE also raised its free cash flow outlook for the full year to $3.5 billion-$5 billion, while keeping EPS guidance steady. But General Electric faces intensifying inflationary pressure, Culp warned.</p><p><blockquote>首席执行官拉里·卡尔普(Larry Culp)在一份声明中表示：“在医疗保健和整体服务的推动下，我们的业务势头正在增强，航空业显示出复苏的早期迹象。”通用电气还将全年自由现金流预期上调至35亿至50亿美元，同时保持每股收益指引稳定。但卡尔普警告说，通用电气面临着日益加剧的通胀压力。</blockquote></p><p> The FCF measure is closely watched as a sign of the health of GE's operations and its ability to pay down debts. In 2020, GE generated $606 million in FCF, down 66%, but beating its own guidance. In fact, General Electric turned cash-positive a year ahead of schedule.</p><p><blockquote>自由现金流指标作为通用电气运营健康状况及其偿还债务能力的标志而受到密切关注。2020年，GE的自由现金流为6.06亿美元，下降了66%，但超出了自己的指导。事实上，通用电气提前一年实现了现金盈余。</blockquote></p><p> For full-year 2021, analysts forecast GE earnings of $1.97 per share, up from just eight cents a share in 2020. But that would still be below 2019 EPS of $5.20, FactSet says. GE earnings are likely to more than double to $4.10 a share in 2022 as sales increase 6%.</p><p><blockquote>分析师预测通用电气2021年全年每股收益为1.97美元，高于2020年的每股8美分。但FactSet表示，这仍将低于2019年每股收益5.20美元。随着销售额增长6%，通用电气2022年的盈利可能会增长一倍以上，达到每股4.10美元。</blockquote></p><p> Out of 21 analysts on Wall Street, 13 rate GE stock a buy and eight have a hold, while none has a sell, according to FactSet.</p><p><blockquote>FactSet的数据显示，在华尔街的21名分析师中，13名分析师将GE股票评级为买入，8名分析师将其评级为持有，没有人将其评级为卖出。</blockquote></p><p> <b>Headwinds For GE Aviation Lifted</b></p><p><blockquote><b>GE航空集团的不利因素消除</b></blockquote></p><p> GE Aviation makes jet engines for plane makers, such as<b>Boeing</b>(BA) and<b>Airbus</b>(EADSY). It also runs a lucrative aftermarket business for engine repair and maintenance.</p><p><blockquote>GE航空集团为飞机制造商制造喷气发动机，例如<b>波音公司</b>(BA)及<b>空中客车</b>（EADSY）。它还经营利润丰厚的发动机维修和保养售后业务。</blockquote></p><p> In 2020, Boeing halted production of the 737 Max jet for a few months after two fatal flights, which weighed on Leap engine sales. On top of that,airlines parked planes and delayed or canceled ordersdue to the pandemic. Engine shop visits slowed while leasing customers sought short-term deferrals. As a result, GE Aviation slashed jobs by 25% and later warned of more cuts.</p><p><blockquote>2020年，波音公司在两次致命飞行后停止了737 Max喷气式飞机的生产几个月，这给Leap发动机的销售带来了压力。最重要的是，由于疫情，航空公司停飞飞机并延误或取消订单。发动机店访问量放缓，而租赁客户寻求短期延期。结果，GE航空集团裁员25%，后来又警告称将进一步裁员。</blockquote></p><p> Now the Boeing 737 Max is flying again and airlines are starting to order planes again. Meanwhile, the market continues to shift from wide-bodies to longer-range, narrow-body aircraft, benefiting General Electric. A GE joint venture dominates the market for narrow-body jet engines.</p><p><blockquote>现在波音737 Max又开始飞行了，航空公司也开始重新订购飞机。与此同时，市场继续从宽体飞机转向远程窄体飞机，这使通用电气受益。通用电气的一家合资企业主导着窄体喷气发动机市场。</blockquote></p><p> The jet-leasing deal with Ireland's AerCap marks the biggest splash so far in CEO Culp's turnaround campaign.</p><p><blockquote>与爱尔兰AerCap的飞机租赁协议标志着首席执行官卡尔普扭亏为盈活动中迄今为止最大的轰动。</blockquote></p><p> Proceeds from the deal allowed GE to cut debt by $30 billion and bring the total slashed since 2018 to $70 billion. Eventually, General Electric is expected to exit jet leasing altogether, though it's taking a 46% stake in the combined company for now.</p><p><blockquote>这笔交易的收益使通用电气能够削减300亿美元的债务，使自2018年以来削减的债务总额达到700亿美元。最终，通用电气预计将完全退出jet leasing，尽管它目前持有合并后公司46%的股份。</blockquote></p><p></p><p> <b>Growing Momentum For GE Stock</b></p><p><blockquote><b>通用电气股票增长势头</b></blockquote></p><p> CEO Culp's top priorityis improving General Electric's financial position, while strengthening GE's industrial core, as a maker of jet engines, gas turbines, wind turbines and hospital equipment.</p><p><blockquote>首席执行官卡尔普的首要任务是改善通用电气的财务状况，同时加强通用电气作为喷气发动机、燃气轮机、风力涡轮机和医院设备制造商的工业核心。</blockquote></p><p> In 2017, GE began a vast and costly restructuring. Poorly timed acquisitions and some execution missteps caused debt to balloon and GE earnings and cash to crumble.</p><p><blockquote>2017年，GE开始了大规模且代价高昂的重组。不合时宜的收购和一些执行失误导致债务激增，通用电气的盈利和现金崩溃。</blockquote></p><p> The coronavirus pandemic hit GE Aviation — once its \"crown jewel\" — hardest. But GE now touts recovery or stabilization in key business segments, including aviation, gas power and health care.</p><p><blockquote>冠状病毒大流行对GE航空集团（曾经是其“皇冠上的明珠”）的打击最为严重。但通用电气现在吹捧关键业务领域的复苏或稳定，包括航空、天然气发电和医疗保健。</blockquote></p><p> Meanwhile, General Electric settled certain SEC investigations, while slashing billions in costs and debts. Those moves helped to remove legal and financial overhangs, de-risking GE stock.</p><p><blockquote>与此同时，通用电气解决了美国证券交易委员会的某些调查，同时削减了数十亿美元的成本和债务。这些举措有助于消除法律和财务悬而未决的问题，降低通用电气股票的风险。</blockquote></p><p> GE continues to expect an aviation recoveryin the second half of 2021. But it's monitoring the Covid-19 delta variant.</p><p><blockquote>GE继续预计航空业将在2021年下半年复苏。但它正在监控新冠肺炎德尔塔变异毒株。</blockquote></p><p> Other core businesses aren't out of the woods. For example, GE Power is stabilizing after a terrible slump in the market for coal- and gas turbines to generate electricity. But demand continues to shift to wind and solar energy, where GE has an emerging business.</p><p><blockquote>其他核心业务也没有摆脱困境。例如，通用电气电力公司在燃煤和燃气轮机发电市场严重下滑后正在稳定下来。但需求继续转向风能和太阳能，通用电气在这方面有一项新兴业务。</blockquote></p><p> Still, as GE's financial condition improves, hopes for the dividend could follow. In December 2018, a cash-challenged General Electric slashed the quarterly dividend to a token penny a share. An earlier cut, announced in November 2017 along with a broad restructuring, had halved the dividend to 12 cents.</p><p><blockquote>尽管如此，随着通用电气财务状况的改善，派息的希望可能会随之而来。2018年12月，面临现金挑战的通用电气将季度股息削减至每股象征性的一美分。2017年11月宣布的早期削减以及广泛的重组将股息减半至12美分。</blockquote></p><p> The cuts rattled investors, who prized GE stock for its long and reliable history of paying dividends. GE stock's current 4-cent annual payout offers a yield of 0.3%.</p><p><blockquote>此次削减令投资者感到不安，他们珍视通用电气股票长期可靠的派息历史。GE股票目前的年派息为4美分，收益率为0.3%。</blockquote></p><p> <b>Rivals To General Electric</b></p><p><blockquote><b>通用电气的竞争对手</b></blockquote></p><p> Rivals to General Electric include<b>Raytheon Technologies</b>(RTX) and Siemens Energy.</p><p><blockquote>通用电气的竞争对手包括<b>雷神技术公司</b>（RTX）和西门子能源。</blockquote></p><p> Raytheon and Rolls-Royce of Britain are major jet-engine rivals. Siemens Energy competes with GE in power. It emerged in September after<b>Siemens</b>(SIEGY) spun off its low-margin gas turbine business. Japan's Mitsubishi Hitachi is another big power rival.</p><p><blockquote>英国的雷神公司和劳斯莱斯公司是喷气发动机的主要竞争对手。西门子能源公司在电力方面与通用电气竞争。它出现在九月之后<b>西门子</b>（SIEGY）剥离了其低利润的燃气轮机业务。日立是另一个强大的竞争对手。</blockquote></p><p> The diversified operations group ranks No. 109 out of 197 industry groups tracked by IBD. It includes<b>3M</b>(MMM),<b>Honeywell</b>(HON) and<b>Roper Technologies</b>(ROP).</p><p><blockquote>多元化经营集团在IBD追踪的197个行业集团中排名第109位。它包括<b>3M</b>（3M），<b>霍尼韦尔</b>(HON)及<b>罗珀技术公司</b>（ROP）。</blockquote></p><p> <b>Is GE Stock A Buy Now?</b></p><p><blockquote><b>GE股票现在值得买入吗？</b></blockquote></p><p> General Electric is making progress in its long, ambitious turnaround. GE earnings and cash flow are expected to further improve in 2021, with the Boeing 737 Max flying again. Signs continue to mount of a slow recovery in the airline industry, and the broader economy is recovering as well.</p><p><blockquote>通用电气在其漫长而雄心勃勃的扭亏为盈中正在取得进展。随着波音737 Max再次飞行，通用电气的盈利和现金流预计将在2021年进一步改善。航空业缓慢复苏的迹象继续增加，更广泛的经济也在复苏。</blockquote></p><p> Moreover, GE's financial position continues to improve as it lowers debt and costs. The jet-leasing deal with AerCap should further help GE's balance sheet.</p><p><blockquote>此外，随着债务和成本的降低，通用电气的财务状况持续改善。与AerCap的飞机租赁协议应该会进一步帮助通用电气的资产负债表。</blockquote></p><p> Many analysts on Wall Street are bullish about GE's current leadership and improving fundamentals. But others remain on the sidelines. And General Electric does not belong to a leading industry group.</p><p><blockquote>华尔街的许多分析师看好通用电气目前的领导地位和不断改善的基本面。但其他人仍在观望。通用电气并不属于领先的行业集团。</blockquote></p><p> From a technical perspective, GE stock offers a 115.30buy point. But shares are well below the entry and theRS lineis lackluster.</p><p><blockquote>从技术角度来看，通用电气股票的买入点为115.30。但股价远低于入场点，其他线也乏善可陈。</blockquote></p><p> Bottom line: GE stock is not a buy.</p><p><blockquote>底线：通用电气股票不值得买入。</blockquote></p><p></p>","source":"lsy1610449120050","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is GE Stock A Buy After Q2 Earnings Beat?<blockquote>第二季度盈利超出预期后，GE股票值得买入吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs GE Stock A Buy After Q2 Earnings Beat?<blockquote>第二季度盈利超出预期后，GE股票值得买入吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">investors</strong><span class=\"h-time small\">2021-09-28 09:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>General Electric</b>'s (GE) turnaround continues to gain traction as the aviation sector slowly recovers from the coronavirus pandemic. Is GE stock a buy right now?</p><p><blockquote><b>通用电气</b>随着航空业从冠状病毒大流行中缓慢复苏，通用电气(GE)的扭亏为盈继续获得牵引力。GE股票现在值得买入吗？</blockquote></p><p> In the second quarter, GE beat earnings views, while warning on inflationary pressures ahead. Wall Street generally took the view that General Electric continues to transform into a simpler and stronger company.</p><p><blockquote>第二季度，通用电气的盈利超出预期，同时警告未来的通胀压力。华尔街普遍认为，通用电气将继续向一家更简单、更强大的公司转型。</blockquote></p><p> <b>GE Stock Technical Analysis</b></p><p><blockquote><b>GE股票技术分析</b></blockquote></p><p> Shares are forming a cup-shaped base with a 115.30buy point, according toMarketSmith chart analysis. GE stock sits 9% below the entry, meaning it is far from a proper buying zone still. The industrial stock based around the 10-week line, but is back above that support level on thestock market today.</p><p><blockquote>根据MarketSmith图表分析，股价正在形成杯形底部，买入点为115.30。GE股价较入场点低9%，这意味着它仍远未达到适当的买入区域。工业股位于10周线附近，但今天又回到了股市的支撑位之上。</blockquote></p><p> Therelative strength linefor GE stock is falling again. It rallied late last year and in early 2021, within a multi-year downtrend. A rising RS line means that a stock is outperforming the S&P 500 index. It is the blue line in the chart shown.</p><p><blockquote>通用电气股票的相对强弱线再次下跌。它在去年年底和2021年初反弹，处于多年的下降趋势中。RS线上升意味着股票的表现优于标普500指数。它是所示图表中的蓝线。</blockquote></p><p> The industrial giant earns a dull IBD Composite Ratingof 60 out of 99. The rating combines key technical and fundamental metrics in a single score.</p><p><blockquote>这家工业巨头的IBD综合评级为60分（满分99分）。该评级将关键技术和基本指标结合在一个分数中。</blockquote></p><p> General Electric owns anRS Ratingof 83, meaning it has outperformed 83% of all stocks over the past year. TheAccumulation/Distribution Ratingis a C+, on a scale of A+ to a worst E. It's a sign of roughly equal buying and selling of GE shares by big institutions over the past 13 weeks.</p><p><blockquote>通用电气的anRS评级为83，这意味着它在过去一年中的表现优于所有股票的83%。积累/分配评级为C+，范围为A+至最差E。这表明过去13周大型机构对GE股票的买卖大致相等。</blockquote></p><p> GE remains a popular stock with strong institutional support. As of June, 1,914 funds owned shares. GE stock shows three quarters of rising fund ownership, according to theIBD Stock Checkup tool.</p><p><blockquote>通用电气仍然是一只受欢迎的股票，拥有强大的机构支持。截至6月，1914只基金持股。根据IBD股票检查工具，GE股票显示四分之三的基金持股量增加。</blockquote></p><p> <b>GE Earnings And Fundamental Analysis</b></p><p><blockquote><b>GE盈利和基本面分析</b></blockquote></p><p> On key earnings and sales metrics, GE stock earns anEPS Ratingof 45 out of a best-possible 99, and anSMR Ratingof E, on a scale of A+ (best) to E (worst). The EPS Rating compares a company's earnings per share growth vs. all other companies, and its SMR Rating reflects sales growth, profit margins and return on equity.</p><p><blockquote>在关键盈利和销售指标方面，GE股票的anEPS评级为45分（满分为99分），anSMR评级为E，范围为A+（最佳）到E（最差）。EPS评级将公司的每股收益增长与所有其他公司进行比较，其SMR评级反映了销售增长、利润率和股本回报率。</blockquote></p><p> In recent years, GE shed a biotech unit, its light bulb business, and a majority stake in its oil field services business. In March, GE announced a $30 billion deal merging its aircraft-leasing unit with<b>AerCap</b>(AER), using proceeds to lower debt. The deal is set to close by the end of 2021.</p><p><blockquote>近年来，通用电气剥离了一个生物技术部门、灯泡业务以及油田服务业务的多数股权。今年3月，通用电气宣布了一项300亿美元的交易，将其飞机租赁部门与<b>AerCap</b>（AER），利用收益降低债务。该交易预计将于2021年底完成。</blockquote></p><p> For Q2,GE earned five cents a share, beating views. Revenue rose 9% and also beat. In GE's business segments, revenue increased 10% in aviation, 3% in power, 14% in health care and 16% in renewable energy segment. And GE's industrial businesses generated roughly $400 million in cash vs. a year-ago cash burn of $2.068 billion, highlighting progress in its turnaround strategy.</p><p><blockquote>第二季度，通用电气每股盈利5美分，超出预期。收入增长9%，也超出预期。在GE的业务部门中，航空部门的收入增长了10%，电力部门的收入增长了3%，医疗保健部门的收入增长了14%，可再生能源部门的收入增长了16%。通用电气的工业业务产生了约4亿美元的现金，而去年同期的现金消耗为20.68亿美元，突显了其扭亏为盈战略的进展。</blockquote></p><p> \"Momentum is building across our businesses, driven by health care and services overall, with aviation showing early signs of recovery,\" CEO Larry Culp said in a statement. GE also raised its free cash flow outlook for the full year to $3.5 billion-$5 billion, while keeping EPS guidance steady. But General Electric faces intensifying inflationary pressure, Culp warned.</p><p><blockquote>首席执行官拉里·卡尔普(Larry Culp)在一份声明中表示：“在医疗保健和整体服务的推动下，我们的业务势头正在增强，航空业显示出复苏的早期迹象。”通用电气还将全年自由现金流预期上调至35亿至50亿美元，同时保持每股收益指引稳定。但卡尔普警告说，通用电气面临着日益加剧的通胀压力。</blockquote></p><p> The FCF measure is closely watched as a sign of the health of GE's operations and its ability to pay down debts. In 2020, GE generated $606 million in FCF, down 66%, but beating its own guidance. In fact, General Electric turned cash-positive a year ahead of schedule.</p><p><blockquote>自由现金流指标作为通用电气运营健康状况及其偿还债务能力的标志而受到密切关注。2020年，GE的自由现金流为6.06亿美元，下降了66%，但超出了自己的指导。事实上，通用电气提前一年实现了现金盈余。</blockquote></p><p> For full-year 2021, analysts forecast GE earnings of $1.97 per share, up from just eight cents a share in 2020. But that would still be below 2019 EPS of $5.20, FactSet says. GE earnings are likely to more than double to $4.10 a share in 2022 as sales increase 6%.</p><p><blockquote>分析师预测通用电气2021年全年每股收益为1.97美元，高于2020年的每股8美分。但FactSet表示，这仍将低于2019年每股收益5.20美元。随着销售额增长6%，通用电气2022年的盈利可能会增长一倍以上，达到每股4.10美元。</blockquote></p><p> Out of 21 analysts on Wall Street, 13 rate GE stock a buy and eight have a hold, while none has a sell, according to FactSet.</p><p><blockquote>FactSet的数据显示，在华尔街的21名分析师中，13名分析师将GE股票评级为买入，8名分析师将其评级为持有，没有人将其评级为卖出。</blockquote></p><p> <b>Headwinds For GE Aviation Lifted</b></p><p><blockquote><b>GE航空集团的不利因素消除</b></blockquote></p><p> GE Aviation makes jet engines for plane makers, such as<b>Boeing</b>(BA) and<b>Airbus</b>(EADSY). It also runs a lucrative aftermarket business for engine repair and maintenance.</p><p><blockquote>GE航空集团为飞机制造商制造喷气发动机，例如<b>波音公司</b>(BA)及<b>空中客车</b>（EADSY）。它还经营利润丰厚的发动机维修和保养售后业务。</blockquote></p><p> In 2020, Boeing halted production of the 737 Max jet for a few months after two fatal flights, which weighed on Leap engine sales. On top of that,airlines parked planes and delayed or canceled ordersdue to the pandemic. Engine shop visits slowed while leasing customers sought short-term deferrals. As a result, GE Aviation slashed jobs by 25% and later warned of more cuts.</p><p><blockquote>2020年，波音公司在两次致命飞行后停止了737 Max喷气式飞机的生产几个月，这给Leap发动机的销售带来了压力。最重要的是，由于疫情，航空公司停飞飞机并延误或取消订单。发动机店访问量放缓，而租赁客户寻求短期延期。结果，GE航空集团裁员25%，后来又警告称将进一步裁员。</blockquote></p><p> Now the Boeing 737 Max is flying again and airlines are starting to order planes again. Meanwhile, the market continues to shift from wide-bodies to longer-range, narrow-body aircraft, benefiting General Electric. A GE joint venture dominates the market for narrow-body jet engines.</p><p><blockquote>现在波音737 Max又开始飞行了，航空公司也开始重新订购飞机。与此同时，市场继续从宽体飞机转向远程窄体飞机，这使通用电气受益。通用电气的一家合资企业主导着窄体喷气发动机市场。</blockquote></p><p> The jet-leasing deal with Ireland's AerCap marks the biggest splash so far in CEO Culp's turnaround campaign.</p><p><blockquote>与爱尔兰AerCap的飞机租赁协议标志着首席执行官卡尔普扭亏为盈活动中迄今为止最大的轰动。</blockquote></p><p> Proceeds from the deal allowed GE to cut debt by $30 billion and bring the total slashed since 2018 to $70 billion. Eventually, General Electric is expected to exit jet leasing altogether, though it's taking a 46% stake in the combined company for now.</p><p><blockquote>这笔交易的收益使通用电气能够削减300亿美元的债务，使自2018年以来削减的债务总额达到700亿美元。最终，通用电气预计将完全退出jet leasing，尽管它目前持有合并后公司46%的股份。</blockquote></p><p></p><p> <b>Growing Momentum For GE Stock</b></p><p><blockquote><b>通用电气股票增长势头</b></blockquote></p><p> CEO Culp's top priorityis improving General Electric's financial position, while strengthening GE's industrial core, as a maker of jet engines, gas turbines, wind turbines and hospital equipment.</p><p><blockquote>首席执行官卡尔普的首要任务是改善通用电气的财务状况，同时加强通用电气作为喷气发动机、燃气轮机、风力涡轮机和医院设备制造商的工业核心。</blockquote></p><p> In 2017, GE began a vast and costly restructuring. Poorly timed acquisitions and some execution missteps caused debt to balloon and GE earnings and cash to crumble.</p><p><blockquote>2017年，GE开始了大规模且代价高昂的重组。不合时宜的收购和一些执行失误导致债务激增，通用电气的盈利和现金崩溃。</blockquote></p><p> The coronavirus pandemic hit GE Aviation — once its \"crown jewel\" — hardest. But GE now touts recovery or stabilization in key business segments, including aviation, gas power and health care.</p><p><blockquote>冠状病毒大流行对GE航空集团（曾经是其“皇冠上的明珠”）的打击最为严重。但通用电气现在吹捧关键业务领域的复苏或稳定，包括航空、天然气发电和医疗保健。</blockquote></p><p> Meanwhile, General Electric settled certain SEC investigations, while slashing billions in costs and debts. Those moves helped to remove legal and financial overhangs, de-risking GE stock.</p><p><blockquote>与此同时，通用电气解决了美国证券交易委员会的某些调查，同时削减了数十亿美元的成本和债务。这些举措有助于消除法律和财务悬而未决的问题，降低通用电气股票的风险。</blockquote></p><p> GE continues to expect an aviation recoveryin the second half of 2021. But it's monitoring the Covid-19 delta variant.</p><p><blockquote>GE继续预计航空业将在2021年下半年复苏。但它正在监控新冠肺炎德尔塔变异毒株。</blockquote></p><p> Other core businesses aren't out of the woods. For example, GE Power is stabilizing after a terrible slump in the market for coal- and gas turbines to generate electricity. But demand continues to shift to wind and solar energy, where GE has an emerging business.</p><p><blockquote>其他核心业务也没有摆脱困境。例如，通用电气电力公司在燃煤和燃气轮机发电市场严重下滑后正在稳定下来。但需求继续转向风能和太阳能，通用电气在这方面有一项新兴业务。</blockquote></p><p> Still, as GE's financial condition improves, hopes for the dividend could follow. In December 2018, a cash-challenged General Electric slashed the quarterly dividend to a token penny a share. An earlier cut, announced in November 2017 along with a broad restructuring, had halved the dividend to 12 cents.</p><p><blockquote>尽管如此，随着通用电气财务状况的改善，派息的希望可能会随之而来。2018年12月，面临现金挑战的通用电气将季度股息削减至每股象征性的一美分。2017年11月宣布的早期削减以及广泛的重组将股息减半至12美分。</blockquote></p><p> The cuts rattled investors, who prized GE stock for its long and reliable history of paying dividends. GE stock's current 4-cent annual payout offers a yield of 0.3%.</p><p><blockquote>此次削减令投资者感到不安，他们珍视通用电气股票长期可靠的派息历史。GE股票目前的年派息为4美分，收益率为0.3%。</blockquote></p><p> <b>Rivals To General Electric</b></p><p><blockquote><b>通用电气的竞争对手</b></blockquote></p><p> Rivals to General Electric include<b>Raytheon Technologies</b>(RTX) and Siemens Energy.</p><p><blockquote>通用电气的竞争对手包括<b>雷神技术公司</b>（RTX）和西门子能源。</blockquote></p><p> Raytheon and Rolls-Royce of Britain are major jet-engine rivals. Siemens Energy competes with GE in power. It emerged in September after<b>Siemens</b>(SIEGY) spun off its low-margin gas turbine business. Japan's Mitsubishi Hitachi is another big power rival.</p><p><blockquote>英国的雷神公司和劳斯莱斯公司是喷气发动机的主要竞争对手。西门子能源公司在电力方面与通用电气竞争。它出现在九月之后<b>西门子</b>（SIEGY）剥离了其低利润的燃气轮机业务。日立是另一个强大的竞争对手。</blockquote></p><p> The diversified operations group ranks No. 109 out of 197 industry groups tracked by IBD. It includes<b>3M</b>(MMM),<b>Honeywell</b>(HON) and<b>Roper Technologies</b>(ROP).</p><p><blockquote>多元化经营集团在IBD追踪的197个行业集团中排名第109位。它包括<b>3M</b>（3M），<b>霍尼韦尔</b>(HON)及<b>罗珀技术公司</b>（ROP）。</blockquote></p><p> <b>Is GE Stock A Buy Now?</b></p><p><blockquote><b>GE股票现在值得买入吗？</b></blockquote></p><p> General Electric is making progress in its long, ambitious turnaround. GE earnings and cash flow are expected to further improve in 2021, with the Boeing 737 Max flying again. Signs continue to mount of a slow recovery in the airline industry, and the broader economy is recovering as well.</p><p><blockquote>通用电气在其漫长而雄心勃勃的扭亏为盈中正在取得进展。随着波音737 Max再次飞行，通用电气的盈利和现金流预计将在2021年进一步改善。航空业缓慢复苏的迹象继续增加，更广泛的经济也在复苏。</blockquote></p><p> Moreover, GE's financial position continues to improve as it lowers debt and costs. The jet-leasing deal with AerCap should further help GE's balance sheet.</p><p><blockquote>此外，随着债务和成本的降低，通用电气的财务状况持续改善。与AerCap的飞机租赁协议应该会进一步帮助通用电气的资产负债表。</blockquote></p><p> Many analysts on Wall Street are bullish about GE's current leadership and improving fundamentals. But others remain on the sidelines. And General Electric does not belong to a leading industry group.</p><p><blockquote>华尔街的许多分析师看好通用电气目前的领导地位和不断改善的基本面。但其他人仍在观望。通用电气并不属于领先的行业集团。</blockquote></p><p> From a technical perspective, GE stock offers a 115.30buy point. But shares are well below the entry and theRS lineis lackluster.</p><p><blockquote>从技术角度来看，通用电气股票的买入点为115.30。但股价远低于入场点，其他线也乏善可陈。</blockquote></p><p> Bottom line: GE stock is not a buy.</p><p><blockquote>底线：通用电气股票不值得买入。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investors.com/research/ge-stock-buy-or-sell/?src=A00220\">investors</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GE":"GE航空航天"},"source_url":"https://www.investors.com/research/ge-stock-buy-or-sell/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112226714","content_text":"General Electric's (GE) turnaround continues to gain traction as the aviation sector slowly recovers from the coronavirus pandemic. Is GE stock a buy right now?\nIn the second quarter, GE beat earnings views, while warning on inflationary pressures ahead. Wall Street generally took the view that General Electric continues to transform into a simpler and stronger company.\nGE Stock Technical Analysis\nShares are forming a cup-shaped base with a 115.30buy point, according toMarketSmith chart analysis. GE stock sits 9% below the entry, meaning it is far from a proper buying zone still. The industrial stock based around the 10-week line, but is back above that support level on thestock market today.\nTherelative strength linefor GE stock is falling again. It rallied late last year and in early 2021, within a multi-year downtrend. A rising RS line means that a stock is outperforming the S&P 500 index. It is the blue line in the chart shown.\nThe industrial giant earns a dull IBD Composite Ratingof 60 out of 99. The rating combines key technical and fundamental metrics in a single score.\nGeneral Electric owns anRS Ratingof 83, meaning it has outperformed 83% of all stocks over the past year. TheAccumulation/Distribution Ratingis a C+, on a scale of A+ to a worst E. It's a sign of roughly equal buying and selling of GE shares by big institutions over the past 13 weeks.\nGE remains a popular stock with strong institutional support. As of June, 1,914 funds owned shares. GE stock shows three quarters of rising fund ownership, according to theIBD Stock Checkup tool.\nGE Earnings And Fundamental Analysis\nOn key earnings and sales metrics, GE stock earns anEPS Ratingof 45 out of a best-possible 99, and anSMR Ratingof E, on a scale of A+ (best) to E (worst). The EPS Rating compares a company's earnings per share growth vs. all other companies, and its SMR Rating reflects sales growth, profit margins and return on equity.\nIn recent years, GE shed a biotech unit, its light bulb business, and a majority stake in its oil field services business. In March, GE announced a $30 billion deal merging its aircraft-leasing unit withAerCap(AER), using proceeds to lower debt. The deal is set to close by the end of 2021.\nFor Q2,GE earned five cents a share, beating views. Revenue rose 9% and also beat. In GE's business segments, revenue increased 10% in aviation, 3% in power, 14% in health care and 16% in renewable energy segment. And GE's industrial businesses generated roughly $400 million in cash vs. a year-ago cash burn of $2.068 billion, highlighting progress in its turnaround strategy.\n\"Momentum is building across our businesses, driven by health care and services overall, with aviation showing early signs of recovery,\" CEO Larry Culp said in a statement. GE also raised its free cash flow outlook for the full year to $3.5 billion-$5 billion, while keeping EPS guidance steady. But General Electric faces intensifying inflationary pressure, Culp warned.\nThe FCF measure is closely watched as a sign of the health of GE's operations and its ability to pay down debts. In 2020, GE generated $606 million in FCF, down 66%, but beating its own guidance. In fact, General Electric turned cash-positive a year ahead of schedule.\nFor full-year 2021, analysts forecast GE earnings of $1.97 per share, up from just eight cents a share in 2020. But that would still be below 2019 EPS of $5.20, FactSet says. GE earnings are likely to more than double to $4.10 a share in 2022 as sales increase 6%.\nOut of 21 analysts on Wall Street, 13 rate GE stock a buy and eight have a hold, while none has a sell, according to FactSet.\nHeadwinds For GE Aviation Lifted\nGE Aviation makes jet engines for plane makers, such asBoeing(BA) andAirbus(EADSY). It also runs a lucrative aftermarket business for engine repair and maintenance.\nIn 2020, Boeing halted production of the 737 Max jet for a few months after two fatal flights, which weighed on Leap engine sales. On top of that,airlines parked planes and delayed or canceled ordersdue to the pandemic. Engine shop visits slowed while leasing customers sought short-term deferrals. As a result, GE Aviation slashed jobs by 25% and later warned of more cuts.\nNow the Boeing 737 Max is flying again and airlines are starting to order planes again. Meanwhile, the market continues to shift from wide-bodies to longer-range, narrow-body aircraft, benefiting General Electric. A GE joint venture dominates the market for narrow-body jet engines.\nThe jet-leasing deal with Ireland's AerCap marks the biggest splash so far in CEO Culp's turnaround campaign.\nProceeds from the deal allowed GE to cut debt by $30 billion and bring the total slashed since 2018 to $70 billion. Eventually, General Electric is expected to exit jet leasing altogether, though it's taking a 46% stake in the combined company for now.\nGrowing Momentum For GE Stock\nCEO Culp's top priorityis improving General Electric's financial position, while strengthening GE's industrial core, as a maker of jet engines, gas turbines, wind turbines and hospital equipment.\nIn 2017, GE began a vast and costly restructuring. Poorly timed acquisitions and some execution missteps caused debt to balloon and GE earnings and cash to crumble.\nThe coronavirus pandemic hit GE Aviation — once its \"crown jewel\" — hardest. But GE now touts recovery or stabilization in key business segments, including aviation, gas power and health care.\nMeanwhile, General Electric settled certain SEC investigations, while slashing billions in costs and debts. Those moves helped to remove legal and financial overhangs, de-risking GE stock.\nGE continues to expect an aviation recoveryin the second half of 2021. But it's monitoring the Covid-19 delta variant.\nOther core businesses aren't out of the woods. For example, GE Power is stabilizing after a terrible slump in the market for coal- and gas turbines to generate electricity. But demand continues to shift to wind and solar energy, where GE has an emerging business.\nStill, as GE's financial condition improves, hopes for the dividend could follow. In December 2018, a cash-challenged General Electric slashed the quarterly dividend to a token penny a share. An earlier cut, announced in November 2017 along with a broad restructuring, had halved the dividend to 12 cents.\nThe cuts rattled investors, who prized GE stock for its long and reliable history of paying dividends. GE stock's current 4-cent annual payout offers a yield of 0.3%.\nRivals To General Electric\nRivals to General Electric includeRaytheon Technologies(RTX) and Siemens Energy.\nRaytheon and Rolls-Royce of Britain are major jet-engine rivals. Siemens Energy competes with GE in power. It emerged in September afterSiemens(SIEGY) spun off its low-margin gas turbine business. Japan's Mitsubishi Hitachi is another big power rival.\nThe diversified operations group ranks No. 109 out of 197 industry groups tracked by IBD. It includes3M(MMM),Honeywell(HON) andRoper Technologies(ROP).\nIs GE Stock A Buy Now?\nGeneral Electric is making progress in its long, ambitious turnaround. GE earnings and cash flow are expected to further improve in 2021, with the Boeing 737 Max flying again. Signs continue to mount of a slow recovery in the airline industry, and the broader economy is recovering as well.\nMoreover, GE's financial position continues to improve as it lowers debt and costs. The jet-leasing deal with AerCap should further help GE's balance sheet.\nMany analysts on Wall Street are bullish about GE's current leadership and improving fundamentals. But others remain on the sidelines. And General Electric does not belong to a leading industry group.\nFrom a technical perspective, GE stock offers a 115.30buy point. But shares are well below the entry and theRS lineis lackluster.\nBottom line: GE stock is not a buy.","news_type":1,"symbols_score_info":{"GE":0.9}},"isVote":1,"tweetType":1,"viewCount":704,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/866570948"}
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