We recently compiled a list of the 10 Best Stocks to Invest in According to Billionaire Cliff Asness. In this article, we are going to take a look at where GE Aerospace (NYSE:GE) stands against the other stocks recommended by Cliff Asness.
GE Aerospace posts strong Q3 results, announces $7B stock buyback; shares soar. American Airlines expects a significant Q4 loss; EA cuts 2025 net bookings guidance.
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Shares of GE Aerospace were soaring toward levels not seen in nearly two decades after the maker of engines used by airlines and the military provided an upbeat earnings outlook for 2025 and said it was going to buy back more stock and boost its dividend by 30%.
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GE Aerospace exceeded expectations in Q4 2024, showcasing strong financial performance and strategic growth initiatives.
GE Aerospace posted a surge in quarterly revenue that blew past Wall Street's estimates as the jet-engine maker received an influx of orders to end the year. The Cincinnati company on Thursday also said it plans to buy back $7 billion worth of stock this year and to boost its dividend by 30%. Shares rallied 8% to $203.36 in premarket trading.
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GE Aerospace shares jumped Thursday after the company reported better-than-expected fourth-quarter results and issued an upbeat revenue outlook. Monitor these key chart levels.
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