GE's stock is soaring due to strong earnings and optimistic future guidance from its aerospace division.
1. Blowout Earnings: GE Aerospace reported earnings per share of $1.75, far exceeding analysts' expectations of $1.10.
2. Surging Orders: The company saw a 46% increase in orders last quarter, signaling strong demand for its products.
3. Revenue Growth: GE generated $10.8 billion in revenue, beating forecasts of $10 billion.
4. Wall Street Optimism: Analysts are raising price targets, with some predicting the stock could climb even higher.
5. Industry Momentum: The aerospace sector is experiencing a boom, with GE positioned as a key player.
I'm betting we are close to a pullback and then catapult to New ATH!
1. Blowout Earnings: GE Aerospace reported earnings per share of $1.75, far exceeding analysts' expectations of $1.10.
2. Surging Orders: The company saw a 46% increase in orders last quarter, signaling strong demand for its products.
3. Revenue Growth: GE generated $10.8 billion in revenue, beating forecasts of $10 billion.
4. Wall Street Optimism: Analysts are raising price targets, with some predicting the stock could climb even higher.
5. Industry Momentum: The aerospace sector is experiencing a boom, with GE positioned as a key player.
I'm betting we are close to a pullback and then catapult to New ATH!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.