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GE investors pile back in – but are ANY of its problems over yet?

GE result for Q3 are in, and US investors seem to have fallen back in love with the stock, with it rising about 9% on the day. This is despite a fairly dramatic fall in its power segment, which is being somewhat offset by rises in renewables, aviation and healthcare. Renewables were up 13% to $4.4 billion on the back of sales mostly of onshore Cypress wind turbine sales and not the later long term order book of its brand new Haliade-X offshore turbine, which is driving additions to its order book. GE reported orders of $22.5 billion down 5% organically, and revenues of $23.4 billion, just about flat, but a profit margin up from 8.5% to 10% in the…

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