Industrial Goods: General Electric Company (NYSE:GE) Ordered to Fix Turbofan, Boeing (NYSE:BA) Inks Contract with BMW for Carbon Fiber Recycling

  on Dec 14,2012 Posted in Business News ,Featured
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General Electric Company (NYSE:GE) is being commanded by the Federal Aviation Administration to mend 300 of its turbofan engines because of poor valves that have resulted in causing two engine fires but no one got injured in this.

In last trading session, General Electric Company(NYSE:GE) moved down-0.73% to close at $21.62 and its overall volume during last trading session was 33.97 million shares. Its opening price was $21.74 while its shares hit the day high price of $21.92 and day low of $21.55.

Boeing Co. (NYSE:BA) and the BMW Group stated that they have inked an agreement to take part in joint research on carbon fiber recycling and share awareness regarding carbon fiber materials and manufacturing.

The Boeing Company (NYSE:BA) decreased of -1.52% with the closing price of $74.32. The overall volume in the last trading session was 4.98 million shares. The total market capitalization remained $56.04 billion.

BA is ahead of its 52 week low with 12.57% and its last month’s price volatility remained 1.50%. Company’s current year earnings per share grew with 19.73% while the five years EPS growth rate was 13.44%.

Canada would think over buying fighter aircraft except Lockheed Martin Corp. (NYSE:LMT)’s F-35 jet, following a report indicated that the planes would cost C$45 billion ($45.7 billion) for 42 years, Public Works Minister Rona Ambrose stated .

In last trading session, Lockheed Martin Corporation(NYSE:LMT) dropped-1.98% and closed at $89.99 with the total traded volume of 2.43 million shares. LMT has market capitalization of $29.12 billion.

LMT has earnings per share of $8.76 with the net profit margin of 6.08%. Its price to earnings ratio ended at 9.29.

PulteGroup, Inc. (NYSE:PHM)

The stock has now dropped about -6.23% from its record high price level, and has advanced by 171.95% for this year. It closed at $17.16, trading 40.53% above its 200 day moving average and 3.76% above its 20 day moving average. Latest close brings its distance from its 52-week low at +209.75%. The stock has a PE ratio and their market value is $6.63B.

Cummins Inc. (NYSE:CMI)

As of latest close, Cummins Inc. (NYSE:CMI)shares are up about 21.90% for 2012 and recently topped out a 52-week high of $129.51 (3/16/2012). The shares slipped below the 200-Day SMA ($4.83) and are now standing10.21% above 50-day SMA. The performance measured for the month was +8.69% and weekly performance appeared at +5.05%.






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