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GE's Unit Collaborates with Stryker to Expand Foothold
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Leading industry giant General Electric Company (GE - Free Report) recently announced that its operating unit, GE Additive and Stryker Corporation (SYK - Free Report) have entered into a partnership to support Stryker’s growth in additive manufacturing.
Stryker is a globally renowned medical technology company. Its expertise in the medical field, when combined with General Electric’s new additive products, materials, and technologies, will augment its growth. Per the deal, General Electric will offer new additive machines, materials and services for Stryker’s global supply chain operations.
General Electric has invested $1.4 billion in Concept Laser and Arcam, in addition to approximately $1.5 billion in manufacturing and additive technologies in the past 10 years. In 2016, the company launched its GE Additive unit to become a leading supplier of additive technology, materials and services. This deal will help expand the company’s foothold.
Amid its management changes, the company recently launched the expanded Predix-based software applications suite. With the latest ‘Digital Utility’ solutions, energy traders are connected to valuable, real-time plant productivity and capacity data to permit more profitable, analytics-informed trading.
Following this launch, the company announced that it intends to add Predix platform capabilities to its Concept Laser M2 cusing additive machines.
The company has been extremely keen on advancing its Predix platform to help customers keep up with the rapidly changing technology. The constant enhancements of its solutions will help the company stay ahead of its peers.
However, General Electric has underperformed the Zacks categorized Diversified Operations industry in the last three months owing to macroeconomic challenges and fluctuations in currency exchanges. The company reported an average loss of 3.6% against 1.4% gain for the industry. We expect the company to improve its performance based on its strategic decisions and constant product launches.
Barloworld has a long-term earnings growth expectation of 17.2%.
Bunzl has a long-term earnings growth expectation of 3.2%.
3 Stocks to Ride a 588% Revenue Explosion
At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold...
By last year, it was already generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. See Zacks' Top 3 Stocks to Ride This Space >>
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GE's Unit Collaborates with Stryker to Expand Foothold
Leading industry giant General Electric Company (GE - Free Report) recently announced that its operating unit, GE Additive and Stryker Corporation (SYK - Free Report) have entered into a partnership to support Stryker’s growth in additive manufacturing.
Stryker is a globally renowned medical technology company. Its expertise in the medical field, when combined with General Electric’s new additive products, materials, and technologies, will augment its growth. Per the deal, General Electric will offer new additive machines, materials and services for Stryker’s global supply chain operations.
General Electric has invested $1.4 billion in Concept Laser and Arcam, in addition to approximately $1.5 billion in manufacturing and additive technologies in the past 10 years. In 2016, the company launched its GE Additive unit to become a leading supplier of additive technology, materials and services. This deal will help expand the company’s foothold.
Amid its management changes, the company recently launched the expanded Predix-based software applications suite. With the latest ‘Digital Utility’ solutions, energy traders are connected to valuable, real-time plant productivity and capacity data to permit more profitable, analytics-informed trading.
Following this launch, the company announced that it intends to add Predix platform capabilities to its Concept Laser M2 cusing additive machines.
The company has been extremely keen on advancing its Predix platform to help customers keep up with the rapidly changing technology. The constant enhancements of its solutions will help the company stay ahead of its peers.
However, General Electric has underperformed the Zacks categorized Diversified Operations industry in the last three months owing to macroeconomic challenges and fluctuations in currency exchanges. The company reported an average loss of 3.6% against 1.4% gain for the industry. We expect the company to improve its performance based on its strategic decisions and constant product launches.
General Electric currently has a Zacks Rank #3 (Hold). A couple better-ranked stocks in the industry include Barloworld Limited (BRRAY - Free Report) and Bunzl plc (BZLFY - Free Report) , both carrying a Zacks Rank #2 (Buy). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Barloworld has a long-term earnings growth expectation of 17.2%.
Bunzl has a long-term earnings growth expectation of 3.2%.
3 Stocks to Ride a 588% Revenue Explosion
At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold...
By last year, it was already generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. See Zacks' Top 3 Stocks to Ride This Space >>