General Electric (GE) shares soared almost 11% on Friday, making it TheStreet's Move of the Day. GE announced Friday morning the sale of most of its finance arm GE Capital. The big buyers are Blackstone (BX) and Wells Fargo (WFC), which are acquiring GE's real estate holdings for $26.5 billion dollars. This comes as GE looks to become a leaner company, focusing largely on industrials. S&P Capital IQ maintains a buy rating on the stock and raised its 12-month price target by $3 to $34 per share. Though Moody's went ahead and lowered its rating on the company's unsecured debt by one notch, though it is still investment grade. TheStreet's Scott Gamm has details from New York.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Video
Jim Cramer: Why Investors Should Listen to Earnings Calls
Investors may be making some critical mistakes when it comes to earnings calls. Here's what Jim Cramer advises investors to be cautious about.
Jeep Unveils Gladiator Pickup Truck at New York Auto Show
The all-new 2020 Jeep Gladiator is a pickup truck version of the famous-since-1941 Jeep Wrangler. It's also this year's vehicle -- the Motor Trend SUV of the Year.
Jim Cramer: How to Play Pinterest on the Second Day of Trading
The unicorn Pinterest makes its debut at the New York Stock Exchange. Watch the video from TheStreet's Cramer Live to find out why investors should be careful with this 'happy stock'.
Jim Cramer Breaks Down Danaher, Honeywell, Schlumberger Earnings
Danaher, Honeywell, Schlumberger and an earnings parade moved the markets today. TheStreet's Jim Cramer breaks down what it all means for investors.