Reported 8 months ago
General Electric (NYSE: GE) spun off GE Aerospace, focusing on building and maintaining airplane engines after transforming its business. GE Aerospace is well-positioned for growth, producing jet engines and dominating the market share. The company benefits from the aftermarket business, ensuring steady revenue. With favorable long-term trends in the aviation industry and growth projections, investing in GE Aerospace presents upside potential, even though it is currently priced at a premium. While there may be short-term challenges, the stock offers solid opportunities for the future.
Source: YAHOO