Streetbeat News

General Electric Company

https://www.geaerospace.com

Industry

Aerospace & Defense

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa. General Electric Company was incorporated in 1892 and is based in Evendale, Ohio.

Open

176.75

Mkt cap

191B

Volume

4.6M

High

177.92

P/E Ratio

34.90

52-wk high

194.80

Low

175.89

Div yield

0.01

52-wk low

94.31

GE Aero (NYSE:GE) has significantly outperformed the market over the past 5 years, delivering an average annual return of 27.87%. A $100 investment in GE stock 5 years ago would be worth $339.13 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 6:32 pm

Whales are showing a bearish stance on GE Aero (NYSE:GE) with significant options activity. 45% of the trades are bearish, with a focus on a price range between $160.0 and $250.0. Analysts maintain a positive outlook with an average price target of $198.5.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 4:45 pm

GE Vernova is under federal investigation for wind turbine failures, as reported by Bloomberg citing State House News.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:47 pm

RBC Capital analyst Ken Herbert maintains an Outperform rating on GE Aero (NYSE:GE) and raises the price target from $175 to $190.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 4:40 pm

Wells Fargo analyst Matthew Akers maintains an Overweight rating on GE Aero (NYSE:GE) and raises the price target from $192 to $205.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 3:56 pm

Financial giants have shown a bullish trend in options trading for GE Aero (NYSE:GE), with 57% of traders being bullish. Significant options trades include 18 calls valued at $2,130,337 and 8 puts valued at $382,228. Analysts maintain a Buy rating with a consensus target price of $199.5.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 3:45 pm

GE Aerospace announced significant orders from EVA Air and American Airlines for its GEnx and CF34-8E engines, respectively. Despite these orders, GE's shares are trading lower following a Q2 revenue miss. The company plans to hire over 900 engineers in 2024 to support innovation. Investors can gain exposure through IShares U.S. Aerospace & Defense ETF (ITA) and TCW Transform Systems ETF (NETZ).

Portfolio Pulse from Lekha Gupta

July 24, 2024 | 10:25 am

GE Aerospace announced that EVA Air has placed an order for GEnx engines to power their recently purchased Boeing 787-10 Dreamliner aircraft.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:01 am

US stocks closed lower on Tuesday as investor optimism decreased ahead of big tech earnings. Coca-Cola, GE Aerospace, and General Motors reported better-than-expected Q2 results and raised their guidance. Tesla reported weaker-than-expected earnings but beat sales estimates, while Alphabet reported strong earnings and sales. The CNN Money Fear and Greed index moved to the 'Neutral' zone.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 7:39 am

The article discusses the speculative sentiment in the stock market, focusing on Tesla's upcoming earnings and the battle between its electric vehicle and humanoid robot/robotaxi segments. It also highlights the earnings reports of several major companies and the impact of India's new budget on its stock market. Additionally, it mentions the influence of money flows in key stocks and ETFs, and a rumor about Trump creating a national bitcoin strategic reserve.

Portfolio Pulse from The Arora Report

July 23, 2024 | 10:35 pm

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