Happy Monday. 

Let's dive right in.

General Electric Turned the Car Around on Flannery

Sounds like he asked "are we there yet?" too many times. 

In all seriousness, GE replaced John Flannery as CEO after a mere 13 months on the job. Flannery will be replaced by Larry Culp, ex-CEO of Danaher Corp. 

TheStreet's Anders Keitz took a deep dive into a possible GE dividend.

General Electric Co. (GE - Get Report) surged on Monday, Oct. 1, after the beleaguered industrial conglomerate replaced its chief executive officer and said it will take a non-cash goodwill impairment charge of about $23 billion for troubles related to its Power business. These changes, however, are prompting renewed calls to adjust the company's dividend.

"We believe the language [of] writing down all of Power's goodwill and recognizing both cash and [earnings per share] shortfalls set the stage for re-baselining the company, dividend policy and capital deployment again," said UBS analyst Steven Winoker.

"In light of the cash shortfall, and the dividend of $4.2 billion this year, the dividend / [free cash flow] ratio will most likely now be above 80% in 2018," Barclays analysts wrote in a research note. "Given the amount of internal issues that still need to be worked through, restructuring and investment spend most likely has to move up rather than down in the coming years which may lead to a larger reduction to the medium-term dividend than was previously expected."

Ruh roh. 

Meanwhile, Elon Musk Remains in Driver's Seat

For those who somehow missed the news, Tesla (TSLA) shares plunged on Friday after the SEC announced a lawsuit for fraud against Tesla chairman and CEO Elon Musk.

TheStreet's contributor, Bret Kenwell, took a look at the car company after it settled with the SEC.

On Monday, Tesla saw a violent rally higher as Musk has agreed to a settlement with the SEC. It includes resigning as chairman for three years, paying a $20 million fine and adding two independent board members to Tesla.

The reward, though? He stays on as CEO.

It's interesting to see the bears' take on this news. On Friday, they were gleeful over the anticipation that Musk would soon be out as chairman and CEO, barred from serving as an officer or a director of a public company. Post-plea, though, many bears are acting equally giddy on the premise that Musk is staying on as CEO and will, if I may paraphrase, "drive Tesla into bankruptcy even faster."

Going forward, it would be wise for Tesla to add a chief operating officer to work alongside Musk. Tesla is no longer producing one vehicle in limited quantities. It's manufacturing tens of thousands per month, has an energy business and is working on future models. It's clear that Tesla needs a solid No. 2 in the C-suite.

Canopy is the Only Good Child in the Cannabis Sector

Or so said Jim Cramer. 

In an interview on Monday, Cramer, who co-founded TheStreet, discussed the fascination with Tilray Inc. (TLRY) , which is up over 112% in the past month. 

Canopy Growth Corp. (CGC) , according to Cramer, should be the apple in every investor's eye when it comes to the cannabis sector. 

Don't believe me? You can watch the video here

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