S&P 500's GE Aerospace Is IBD Stock Of The Day, In Buy Zone Following Recent Earnings

Published 2 weeks ago Positive
S&P 500's GE Aerospace Is IBD Stock Of The Day, In Buy Zone Following Recent Earnings
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GE Aerospace is Monday's IBD Stock Of The Day, as the S&P 500 component continues to show signs of strength coming out of earnings last week with several price target hikes Monday. Last week, GE Aerospace beat third-quarter expectations, and the stock hit record highs, as it reported a 44% increase in earnings while revenue jumped 26%. GE Aerospace makes and collaborates on various propulsion technologies that are utilized in missile engines.

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