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

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

On Tuesday, small-cap stocks outperformed large caps as investors awaited key earnings reports from Alphabet and Tesla. The Russell 2000 index rose 0.8%, while the Nasdaq 100 dipped 0.2%. United Parcel Service (UPS) plunged 14% after missing earnings and revenue estimates. Bitcoin dropped over 2% to $65,800.

Portfolio Pulse from Piero Cingari

July 23, 2024 | 5:53 pm

Comcast Corporation (NASDAQ:CMCSA) shares fell 6.1% after reporting worse-than-expected Q2 sales results. Other notable stock movements include Azitra, Inc. (NYSE:AZTR) jumping 529% due to a new patent, and Adial Pharmaceuticals, Inc. (NASDAQ:ADIL) rising 148% after advancing a study. General Motors Company (NYSE:GM) fell 6.1% after delaying EV projects.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 5:21 pm

U.S. stocks traded higher with the Nasdaq Composite gaining over 100 points. GE Aerospace reported better-than-expected Q2 earnings and raised its FY24 outlook. Azitra, Adial Pharmaceuticals, and Frequency Electronics saw significant stock price increases, while Jaguar Health, TransCode Therapeutics, and Cellectar Biosciences experienced sharp declines.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 4:03 pm

GE Aerospace and HAECO have signed agreements to extend offload services and GBSA for GE90 engines through 2040. Additionally, a deal has been reached for MRO support of the GE9X engine.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 3:45 pm

Danaher Corporation (DHR) reported better-than-expected Q2 earnings, leading to a 7.4% rise in its stock price. Other notable gainers include Kiniksa Pharmaceuticals (KNSA), Spotify (SPOT), MSCI (MSCI), and Owens & Minor (OMI), among others, all of which saw significant stock price increases following positive earnings reports or guidance updates.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 3:04 pm

The Chinese government expressed its desire for U.S. firms to play a significant role in its economy after top U.S. executives, including those from FedEx, Dun & Bradstreet, General Electric, Kraft Heinz, Apple, and Micron Technology, met with Chinese officials. The meeting aimed to foster mutual cooperation and development amid escalating U.S.-China tensions.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 1:47 pm

GE Aerospace reported mixed Q2 2024 results with adjusted revenue growth of 4% YoY to $8.22 billion, missing the consensus of $8.462 billion. However, the company raised its full-year profit and cash flow guidance, driven by double-digit growth in orders, operating profit, and free cash flow. Adjusted EPS was $1.20, beating the consensus of $0.99. GE shares are trading higher by 1.77% premarket.

Portfolio Pulse from Akanksha Bakshi

July 23, 2024 | 1:21 pm

GE Aerospace has revised its FY24 outlook, now expecting revenue growth in the high single digits, down from the previously anticipated low double digits. However, the company has raised its adjusted EPS guidance to $3.95-$4.20, up from the prior $3.80-$4.05, compared to the $4.08 estimate.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:13 pm

GE Aerospace has announced that American Airlines has finalized an order for 180 CF34-8E engines to power 90 new Embraer 175 regional jets.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:56 pm

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