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“We know from our power experience that these actions at renewables won't yield results immediately,” Culp said. That will include focusing more narrowly on certain market segments, decentralizing its operations and trimming costs via job cuts and other measures. GE’s leaders are looking to improve the prospects of their renewables business by turning to a set of actions that have helped turned out their power business in recent years. That will now not happen, Culp said July 26, in part because gridlock in Washington, D.C., over onshore wind production tax credits “is hitting our most profitable market.” The second-quarter loss had been expected but Culp and CFO Carolina Dybeck Happe had said in April that they were forecasting a solid improvement in the second half of this year. With GE’s renewables group, Culp said his team still has its work cut out for it. “Given the way we've talked about 2023 in the past and the underlying improvement drivers, I don't think they've really changed since March relative to the strong tailwind that we see in aerospace broadly, both in services and in new units,” Culp said. The demand, he said, looks to be strong for a while longer and will raise margins but GE and its suppliers will need to be “very much on our toes” to build the needed capacity. In response, GE is devoting more resources to its supply chain, production and logistics functions. On a conference call with analysts and investors, Chairman and CEO Larry Culp said the sector is going through “an unprecedented ramp” that is being accompanied by labor and material shortages. The aviation business benefited from both equipment and services growth, with the latter helping raise margins to 18.7% from around 16% in the first quarter and less than 5% in the spring of 2021. That more than offset a 19% segment profit drop in the healthcare division and a $419 million segment loss from renewable energy work. Thanks to “continued robust customer demand,” the company’s aerospace orders climbed 26% and the group produced a segment profit of more than $1.1 billion versus $176 million in the same period of 2021. Adjusted for various one-time items, including about $200 million in spending on the company’s planned split into three, profits rose 81% year over year to nearly $1.7 billion. A strong performance from General Electric’s aerospace business powered the conglomerate’s second-quarter results past analysts’ expectations and helped its stock climb 5%.īoston-based GE posted a net loss of $857 million on revenues of more than $18.6 billion. To go beyond the obvious financial ratios and gain intelligence on the entire market–the kind you'll read about in books like John Bogel's "Little Book of Common Sense Investing"–you'll need data. The only way most people have of discovering and evaluating equities is to sort through endless check boxes on sites like. Honestly, I received little from these services other than to learn how frustrating the investment selection process can be. In the past I spent hours sifting through brokerage stock selection GUIs on websites and apps. I recently launched an open-source Python project for building a stock database of all equities listed on the NYSE and NASDAQ. Of course, you would also want to stand out on financial performance. But when it comes to marketing your stock to the public, it might not be a bad idea to make yourself easier to remember. Most of the time, naming a company is a marketing exercise. And that means that there is a disproportionate number of companies in America that start with C, A, or S. Now generally there is a relationship between a company's ticker and their official name. In short, given any text corpus, "the most frequent word will occur approximately twice as often as the second most frequent word." This holds true for stock tickers as well.

Which brings me back to what's interesting about stock ticker symbols: They follow what, in Natural Language Processing, is called a Zipfian distribution. There is probably a name for this phenomenon in psychology.

I guess it means less processing for the brain.

Probably the same reason why many infomercials that ask you to call for a special deal will create memorable telephone numbers (e.g., 1-800-555-555x). New tickers tend to be easier to remember when they fit in with ones that preceded them–when several of the letters are the same as the ones that came before. Sequence 2: PSTG, AMDA, CDTI, FALN, DLNG, CATO Sequence 1: ASPS, ARDM, AKCA, CARA, CATM, CARV Glance at these two ticker sequences, one at a time, and see how many you can write down from memory. What practical implications could this possibly have? It means that on an average day, buyers who glance at stock symbols on a scroll marquee through television or at the airport will see these symbols more often than any other that begins with one of the remaining 23 letters of the English alphabet.