Market Performance - S&P 500 increased by 0.3% while Nasdaq decreased by 0.2% this week[1] - Small-cap stocks led the decline with Russell 2000 value down by 1.0% and Russell 2000 growth down by 3.1%[1] - Key sectors showing gains include telecommunications (+9.0%) and technology hardware (+4.6%) while software and services fell by 6.9%[1] Fund Flows - Estimated fund flow for S&P 500 components was -$84.1 million this week, a significant drop from +$5.6 million last week[2] - Major inflows were seen in technology hardware (+$40.3 million) and media and entertainment (+$39.5 million) while software and services experienced outflows of -$106.0 million[2] Earnings Forecast - S&P 500's forward 12-month EPS expectation increased by 0.8% this week, up from 0.2% last week[3] - Notable upward revisions were in technology hardware (+5.6%) and automotive (+3.2%) sectors, while energy saw a downward revision of -2.7%[3] Risk Factors - Economic fundamentals, international political uncertainties, U.S. fiscal policy, and Federal Reserve monetary policy present significant risks[3]

Market Performance - S&P 500 increased by 0.3% while Nasdaq decreased by 0.2% this week[1] - Small-cap stocks led the decline with Russell 2000 value down by 1.0% and Russell 2000 growth down by 3.1%[1] - 13 sectors saw gains, while 10 sectors experienced losses, with telecommunications leading at +9.0%[1] Fund Flows - Estimated fund flow for S&P 500 components was -$84.1 million this week, down from +$5.6 million last week[2] - Major inflows were seen in technology hardware (+$40.3 million) and media & entertainment (+$39.5 million)[2] - Significant outflows occurred in software & services (-$106.0 million) and healthcare equipment & services (-$57.7 million)[2] Earnings Forecast - S&P 500's forward 12-month EPS expectation increased by 0.8% this week, up from 0.2% last week[3] - 21 sectors had upward revisions, with technology hardware & equipment seeing the largest increase at +5.6%[3] - Energy sector saw a downward revision of -2.7%[3] Risks - Economic fundamentals, international political situations, U.S. fiscal policies, and Federal Reserve monetary policies present uncertainties[3]

Company Overview - GE Aerospace (NYSE:GE) is a jet engine manufacturer with shares increasing by 45% over the past year, although they have decreased by 6.8% year-to-date [2]. Analyst Ratings - JPMorgan raised the share price target for GE Aerospace to $335 from $325, maintaining an Overweight rating, citing the CFM56 high-bypass engine as a key driver for stable long-term growth [2]. - UBS also maintained a Buy rating and increased the share price target to $374 from $368, following GE Aerospace's fourth quarter earnings, which indicated solid fundamentals [2]. Market Sentiment - Despite a stock decline after earnings, Jim Cramer defended GE Aerospace, highlighting the company's resolution of several issues and suggesting it represents a significant buying opportunity [3].

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 国家知识产权局信息显示，通用电气技术有限公司申请一项名为"吸附剂组合物、系统和方法"的专利， 公开号CN121422921A，申请日期为2025年5月。 专利摘要显示，本文描述了包括与多孔载体共价键合的胺的固体吸附剂。该固体吸附剂表现出对二氧化 碳的高吸附容量。该固体吸附剂表现出理想的水热和循环稳定性。 本文源自：市场资讯 作者：情报员 ...

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 本文源自：市场资讯 作者：情报员 国家知识产权局信息显示，通用电气公司取得一项名为"用于减小发动机中的间隙的系统和方法"的专 利，授权公告号CN119491773B，申请日期为2024年8月。 ...

Core Viewpoint - Reading annual reports is beneficial for gaining insights into a company and its management [1] Group 1 - Annual reports provide an opportunity to learn more about a company's operations and strategies [1]

Core Viewpoint - General Electric Company has obtained a patent for a component called "Burner Deflector Assembly," with the authorization announcement number CN116928697B, and the application date was June 2022 [1] Group 1 - The patent acquisition indicates General Electric's ongoing innovation efforts in the energy sector [1] - The "Burner Deflector Assembly" may enhance the efficiency and performance of combustion systems [1] - The patent reflects the company's strategy to strengthen its intellectual property portfolio [1]

国家知识产权局信息显示，通用电气公司取得一项名为"用于交通工具的电功率系统"的专利，授权公告 号CN113964811B，申请日期为2021年7月。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 本文源自：市场资讯 作者：情报员 ...

Quick Read TCI Fund Management returned nearly $19B to investors last year. GE Aerospace is TCI’s largest holding. It gained over 50% last year. Alphabet surged over 70% in the past year to reach a $4 trillion market cap. Investors rethink 'hands off' investing and decide to start making real money The hedge funds seemed to have their way with the markets in 2025. Legendary money manager Chris Hohn certainly had an applaud-worthy year, with his TCI Fund Management clocking in an outstanding gain ...

Financial Performance - GE Aerospace's total revenue for the year ended December 31, 2025, was approximately $XX billion, with Commercial Engines & Services (CES) contributing about 73% of total revenue[14]. - Total revenue for 2025 increased by $7.2 billion, or 18%, to $45.855 billion compared to 2024, driven by higher equipment and services revenue[50]. - Equipment revenue rose to $12.159 billion, a 18.3% increase from $10.274 billion in 2024, while services revenue increased to $30.163 billion, up 21.5% from $24.847 billion[50]. - Net income from continuing operations increased by $1.9 billion to $8.601 billion, with continuing EPS rising to $8.05, a 32.2% increase from $6.09 in 2024[51][52]. - Adjusted net income for 2025 was $6,812 million, with an adjusted EPS of $6.37, compared to $5,035 million and $4.60 in 2024, representing a year-over-year increase of 35.3% in adjusted net income[147]. - Free cash flow increased to $7.7 billion in 2025 from $6.2 billion in 2024, primarily due to higher net income and sales discounts[104]. - Cash from operating activities was $8.5 billion in 2025, an increase of $2.7 billion compared to 2024, driven by higher net income and sales[100]. - The company reported a net income from continuing operations of $8,598 million for 2025, compared to $6,670 million in 2024, reflecting a 29.0% increase[147]. Research and Development - GE Aerospace's total research and development (R&D) funding reached $2,989 million in 2025, an increase from $2,699 million in 2024 and $2,476 million in 2023[29]. - GE Aerospace funded R&D increased to $1,580 million in 2025, up from $1,286 million in 2024 and $1,011 million in 2023[29]. - Customer and partner funded R&D was $1,409 million in 2025, slightly down from $1,413 million in 2024 and $1,465 million in 2023[29]. - Significant investments are being made in the RISE suite of technologies to enable a safe, durable, and efficient future of flight[26]. Workforce and Culture - GE Aerospace employed approximately 57,000 people as of December 31, 2025, with around 30,000 based in the United States[24]. - The company successfully negotiated collective bargaining agreements with the majority of its U.S. unions in 2025, ensuring fair wages and benefits for employees[25]. - GE Aerospace's organizational culture emphasizes safety, integrity, and continuous improvement, which is reflected in its annual employee culture survey results[27]. Supply Chain and Operations - Global material availability and supplier delivery performance continue to disrupt production and delivery, impacting the company's ability to meet customer demands[45]. - The company is leveraging its FLIGHT DECK operating model to improve material input and manage inflationary pressures while enhancing delivery performance[45]. - GE Aerospace's supply chain strategies include monitoring geopolitical risks and developing counteractions to ensure continuity of supply[31]. - Supply chain constraints and disruptions continue to pose challenges, affecting the company's ability to meet customer demand and maintain profitability[168]. - The company is dependent on third-party suppliers for critical components, and disruptions in their operations could adversely affect the company's ability to meet customer commitments[183]. Financial Position and Liquidity - Total cash, cash equivalents, and restricted cash amounted to $12.4 billion at December 31, 2025, with $9.9 billion held in the U.S.[87]. - Consolidated total borrowings increased to $20.5 billion in 2025 from $19.3 billion in 2024, primarily due to new debt issued of $2.0 billion[92]. - The company maintains a strong focus on liquidity, with sufficient cash and access to capital markets to meet its financial obligations[86]. - Cash used for investing activities was $0.8 billion in 2025, an increase of $0.2 billion compared to 2024[102]. Risks and Challenges - The company's financial performance is significantly influenced by global macroeconomic conditions, geopolitical risks, and demand shocks, particularly from events like wars or pandemics[167]. - The company faces competitive pressures that require continuous innovation and improvement of existing products and services to maintain market position and profitability[170]. - Climate and environmental regulations are evolving, presenting risks and increasing operational costs, while the demand for low-emission technologies is rising[173][174]. - Cybersecurity threats are increasing, with sophisticated attacks posing risks to the company's systems and data integrity, potentially leading to material harm[185]. - The company is subject to various legal and compliance risks, including government audits and investigations that could lead to fines or penalties[194]. Corporate Governance - Management is responsible for maintaining adequate internal control over financial reporting, with evaluations conducted based on established frameworks[203]. - The company engaged Deloitte and Touche LLP for auditing and ensuring compliance with financial reporting standards[201]. - The Audit Committee, consisting of independent directors, oversees internal controls and financial reporting, ensuring accountability and transparency[202]. - General Electric Company's internal control over financial reporting was effective as of December 31, 2025[204].