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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

FARNBOROUGH, England, July 24, 2024 /PRNewswire/ -- GE Aerospace (NYSE: GE) announced that following EVA Air's recent deal to purchase four Boeing 787-10 Dreamliner aircraft, the airline has placed an order for GEnx engines to power their new aircraft. "We're thrilled EVA has selected our high performance GEnx engine to power its fleet expansion," said Russell Stokes, President and CEO, Commercial Engines and Services, GE Aerospace. "We look forward to ensuring GEnx engines continue providing outstanding ec ...

Key TakeawaysGE Aerospace, the inheritor of the "GE" ticker, closed at its highest level since early 2008 after posting strong results and boosting guidance.The results underscore a remarkable turnaround for the 132-year-old behemoth after a precipitous fall from grace. Earlier this year, GE completed a split into three separate companies focused on aviation, energy, and healthcare. Shares of GE Aerospace (GE) on Tuesday hit their highest level since early 2008 as second-quarter results showed the company' ...

GE Aerospace (GE) reported second-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate but revenues missed the same.It’s worth noting that in April 2024, GE Aerospace emerged as a separate public company, following the spin-off of GE Vernova Inc. (GEV) from General Electric.Inside the HeadlinesThe company’s second-quarter adjusted earnings were $1.20 per share, which beat the Zacks Consensus Estimate of 97 cents. The bottom line surged 62.2% year over year.Total revenues were $9.09 ...