J.P. Morgan analyst Stephen Tusa lowered his price target on GE from $16 to $14, citing the company's continuing underperformance and challenged fundamentals.
The Dow dropped more than 500 points for the second time this week.
Advertisers reportedly paid $5 million each for 30-second spots. It's not helping today.
TheStreet's Jim Cramer and Marc Chaikin of Chaikin Analytics recently talked all things market. In this excerpt, Chaiken discusses why having GE kicked out the Dow would actually be a great thing for the stock. Listen in to hear why.
As the Dow plunged by more than 600 points on Friday, some of the biggest industrial names traded down with it.
Average wages grew 2.9% from last year, according to the January non-farm payroll report, the fastest pace since 2009, igniting further concerns about faster inflation in the world's biggest economy.
Deutsche Bank analyst John Inch believes the industrial conglomerate is a candidate for removal from the Dow Jones Industrial Average.
Investors can be forgiven for harboring skepticism that the three celebrity business leaders can do better at cutting healthcare costs than the tens of millions of professionals, consultants and lawmakers who have been working on the issue for decades.
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