Here's Why GE Aerospace Stock Soared 24.6% in the First Half of 2024
GE(GE) The Motley Fool·2024-07-16 14:48The aerospace company has a bright future due to its dominant position in airplane engines.The stock started 2024 as General Electric but is now GE Aerospace (GE 1.17%). The change of name reflects the spin-off of GE Vernova in early April. No matter which way you look at it, GE stock was up 24.6% in the first half, according to data provided by S&P Global Market Intelligence.Why GE stock outperformedThe exceptional performance is due to two factors. First, the successful spin-off of GE Vernova helped dispe ...