Over half the companies on the S&P 500 have delivered first quarter reports, and the print, so far, isn’t pretty. According to FactSet, blended earnings have declined by 13.7%, and if results remain the same, the quarter will represent the steepest decline in earnings since Q3 2009, (-15.7%).But there are always outliers, and ones you would not necessarily expect - particularly in the current climate.Which brings us to General Motors (GM). The auto giant sprung a surprise on Wall Street when it delivered a stronger than expected earnings report earlier this week. Following the company’s earnings call, RBC’s Jospeh Spak said, “While 2Q20 will be ugly, we believe market will write it off and look to a better 2H20 and return to cash generation.”GM announced a first-quarter net profit of $294 million, which represents EPS of $0.62, well ahead of the Street's consensus estimate of $0.33 per share. And while revenue...
General Electric (GE) shares have been on the decline as of late. As a result, many investors have been understandably worried. Such sentiments have placed the American manufacturing giant on the market spotlight, and begs the question: is it still worth investing in at current levels? Traversing turbulent market conditions, the outlook seems bleak for the 128-year-old conglomerate. Is there no way up for the aviation unit of General Electric? What about its other subsidiaries? Investor James Richman bets GE is likely to touch down $5-level. From there, the tech investor is bullish that the price will double in value and hit $10 again.Source: Flickr GE: a legacy of over 120 yearsAmid the impact of coronavirus specifically in both travel and hospitality industries, GE's esteemed aviation unit has been feeling the most pressure. The demand for airplanes has shrunk tremendously forcing the company's management to schedule a 25% workforce reduction globally. This is in consonance...
"Fiercely dedicated to improving the trucking industry," Laura McMillan, vice president of training development at Instructional Technologies Inc., is dead at age 56. ...
While we're cooped up at home wishing we could get out, going home isn't an option for many drivers. In a new two-part HDT Talks Trucking Special Report, host Jim Park introduces you to seven drivers who live on the front line of the battle with COVID-19. ...
