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NEW YORK (Reuters) - A JP Morgan analyst who has long held a negative outlook on General Electric Co (GE.N) shares as they have tumbled upgraded his view on the conglomerate’s stock on Thursday. GE shares surged after JP Morgan analyst Stephen Tusa raised his rating on GE shares to “neutral” from “underweight.” Tusa initiated his bearish call on the stock on May 12, 2016; since that time, the stock had dropped 77.7 percent through Wednesday, and slumped to more than nine-year lows, amid struggles for GE’s power business and concerns about its high debt.

GE shares jumped 10.7 percent to $7.43 in Thursday morning trading in heavy volume, The analyst, who also noted that GE is being removed from JP Morgan’s analyst focus list as a short idea, said 14k gold plated rope border oval engravable cufflinks in his report that the challenges GE faces are better understood, as opposed to being overlooked by those who have been bullish on the stock in the past, Tusa kept his $6 price target for the stock, while noting downside risk to $5, “The risk/reward ., is now more balanced in the near term, in our view, and we recommend investors step aside,” Tusa wrote in a note..

In October GE posted a loss of $22.8 billion for the third quarter, as it slashed its dividend and said it faced a deepening federal accounting probe. New Chief Executive Larry Culp said last month the company will sell assets with “urgency” to reduce its high debt. GE said on Thursday its digital unit would sell a majority stake in ServiceMax, a cloud-based provider of software used in inventory and workforce management. GE will retain a 10 percent equity in ServiceMax, a business it acquired for $915 million in 2016.

GE shares, which were removed from the blue-chip Dow Jones Industrial Average .DJI earlier this year, have tumbled more than 50 percent this year alone, In his note, Tusa said a “material equity raise” from GE “could be necessary.” While that could pressure the stock in the near term, Tusa said “an equity raise is important, in our view, as it would help to blunt the chief risk we see in a downturn, namely the balance sheet.”, “We now 14k gold plated rope border oval engravable cufflinks believe a more negative outcome on the liabilities (equity dilution for one) is at least partially discounted, and it’s possible that the company can execute its way through an elongated workout that limits near term downside,” Tusa said..

(Reuters) - Apple Inc (AAPL.O) said on Thursday it would spend $1 billion to build a second campus in Austin, Texas, that will house up to 15,000 workers as part of a broader push by U.S. companies to create more domestic jobs. The iPhone maker also said it plans to expand in Seattle, San Diego and Culver City, California, and add hundreds of jobs in Pittsburgh, New York and Boulder, Colorado, over the next three years. Apple said at the start of the year it would invest $30 billion in the United States, taking advantage of a windfall from U.S. President Donald Trump’s sweeping tax code overhaul.

The 133-acre campus in Austin will be less than a mile from Apple’s existing facilities and initially have 5,000 employees, The jobs created would be in engineering, research and development, operations and finance, Amazon.com Inc (AMZN.O) in November said it will create more than 25,000 jobs in both New York and the Washington, D.C, area by opening massive new offices, The two technology companies chose cities with a wealth of white-collar workers and high employment, bypassing other regions that may have required 14k gold plated rope border oval engravable cufflinks more investment..

Austin is one of the fastest-growing U.S. cities with a population of nearly 1 million, and is home to the University of Texas and other tech companies including Dell Technologies Inc in nearby Round Rock, Texas, and IBM. Apple’s existing facility in north Austin has more than 6,000 workers, the most outside its headquarters in Cupertino, California. With the new campus, the company will become the largest private employer in the city. “Apple has been a vital part of the Austin community for a quarter century, and we are thrilled that they are deepening their investment,” Austin Mayor Steve Adler said on Thursday.

Corporate America has been under political pressure to ramp up investments at home as part of Trump’s “America First” policies, which have led to a bitter trade war with China, Trump has also 14k gold plated rope border oval engravable cufflinks warned of possible tariffs on iPhones and other Apple products imported from China, It is in the interest of U.S, companies to tout job creation because those that move positions overseas or shutter factories have drawn sharp rebukes from Trump, who has championed job creation, Most recently, the president said he told General Motors Co Chief Executive Mary Barra he was unhappy with her decision to cut production at an Ohio factory..

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