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My New Investment - Why I'm Betting Big On GE Aerospace
Seeking Alpha· 2024-09-08 14:07
jetcityimage/iStock Editorial via Getty Images Introduction In recent months, I have increasingly discussed my plans to add a new stock to my portfolio. After being an aggressive buyer in the first half of this year, I wrote a number of articles about stocks on my radar, including recent articles titled "My Top 3 Dividend Stocks To Buy Amid Market Uncertainty" and "Bull Market Millionaires: 3 Dividend Stocks To Build A Fortune," which you can access here and here. Although I would have liked the market ...
Here's Why GE Vernova Stock Soared in August
The Motley Fool· 2024-09-05 19:17
The energy equipment company's earnings momentum is building.Shares in power, wind, and electrification company GE Vernova (GEV 0.25%) rose by 12.8% in August, according to data provided by S&P Global Market Intelligence. The move was due to a combination of positive newsflow and underlying growth in the company's core business.GE Vernova is starting to see balanced growthThe company combines the former power (essentially gas turbine equipment and services), wind (onshore and offshore wind turbines), and el ...
Better Buy: GE Aerospace vs. Lockheed Martin
The Motley Fool· 2024-08-27 11:15
Between the commercial aerospace company or the defense giant, which stock has the safer long-term prospects?Comparing commercial aerospace giant GE Aerospace (GE) with leading defense contractor Lockheed Martin (LMT 0.56%) is always interesting because it requires taking a big-picture view. This isn't about one quarter's earnings or even a year's worth; it concerns a long-term view of how each company makes money. So let's dive in and see what we can find out.The better stockSpoiler alert: GE Aerospace, wh ...
Is GE Stock Headed Toward $250 Levels?
Forbes· 2024-08-23 16:00
A sign for GE Aerospace at the Farnborough International Airshow in Hampshire. Picture date: Monday ... [+] July 22, 2024. (Photo by Jonathan Brady/PA Images via Getty Images)PA Images via Getty ImagesGE Aerospace (NYSE: GE) has seen its stock rise by around 65% this year, outperforming the broader indices, with the S&P 500 up 18%. The stock now trades at 40x projected 2024 earnings of $4.13 per share. Does this make the stock expensive? We don’t think so, considering that GE Aerospace's revenues could grow ...
GE Vernova: Positive Macro Catalysts Are Likely To Boost The Stock
Seeking Alpha· 2024-08-09 08:17
Justin PagetGE Vernova (NYSE:GEV), which sells electrical equipment, natural gas turbines, and wind turbines, is highly leveraged to powerful, long-term global catalysts, including increasing usage of electricity and natural gas. Other strong trends that are likely to boost the company and GEV stock going forward are rapidly increasing demand for electrical equipment and wind turbines. Meanwhile, the company recently reported impressive second-quarter results. I believe worries about its outlook appear ...
3 Wide-Moat Dividend Gems That Are Election Proof
Seeking Alpha· 2024-08-07 11:30
Bill Oxford Introduction If there's one thing I have mentioned quite a few times in my articles, it's that I'm not a huge fan of writing political articles. While I am a very "political person," I mainly keep that limited to social media, where it won't take people long to find out what my political views are. However, when researching investments and sharing these findings with a large audience (I'm blessed to have many diverse followers), there is no room for political bias. Nobody benefits when incor ...
3 Up-and-Coming Stocks That Could Make Your Summer Unforgettable
Investor Place· 2024-08-02 11:35
We’re entering the dog days of summer, and the stock market continues to be a rollercoaster ride for investors. After a strong rally in the year’s first half, the waters got choppy in July as investors rotated capital out of technology stocks in favor of small-caps and value stocks. But then, just when it looked like tech stocks were being discarded, a reversal happened.Strong financial results from mega-cap tech companies and chipmakers such as Advanced Micro Devices (NASDAQ:AMD) led to another seesaw as t ...
Assess Industrial ETFs Post Q2 Earnings
ZACKS· 2024-07-31 23:21
The industrial sector has performed well this year, with the S&P 500 Industrial Index outperforming the S&P 500 Index over the past month, gaining 3.55%. When compared to the broad market, the S&P 500 Industrial Index returned 14.44% over the past year compared withthe S&P 500 Index’s 19.54% gains.The U.S. economy's faster-than-anticipated growth in the second quarter of 2024 should boost the industrial sector, leading to increased business investments, infrastructure spending and higher demand for durable ...
GE Aerospace Silences the Doubters -- Here's Why the Stock Is a Buy
The Motley Fool· 2024-07-31 10:30
Investors worried about the impact of reduced production expectations at Boeing and Airbus will have been reassured by the aerospace giant's latest earnings report.GE Aerospace (GE -1.41%) covers nearly all the bases. Given its position as the leading airplane engine manufacturer and engine aftermarket service company, it stands to profit whether the market is trending toward original equipment manufacturing (OEM) as Boeing and Airbus produce planes, or whether the aftermarket is trending stronger.Here's ho ...
3 Iconic Companies to Buy Stock in After Earnings
ZACKS· 2024-07-26 23:01
Glancing at the Zacks Rank #1 (Strong Buy) list, the stocks of three iconic companies are standing out after they were able to exceed Q2 earnings expectations.Let’s take a quick peak and see why now is a good time to invest in these highly ranked stocks following their favorable quarterly results.1. Taiwan Semiconductor (TSM) Year to Date Performance: +55%One of the most searched-for stocks on Zacks.com is Taiwan Semiconductor, the world’s largest integrated circuit foundry company.The chip giant appears to ...