GE Aerospace: Firing On Most Cylinders, Still Battling The October Earnings-Day Dip
- GE's breakup into GE Aerospace, GE Healthcare, and GE Vernova has been lucrative, with strong performance and potential restructuring trends in other firms like 3M and Comcast.
- Despite robust earnings and a 90% YoY stock increase, I maintain a hold rating due to valuation concerns.
- GE's dominant jet engine market position and plans to return 100% of free cash flow to shareholders are positives, but competition and geopolitical risks remain.
- Technical analysis shows a favorable long-term trend, with support between $170-$175 and resistance at $195, but the stock is fully priced at 30x 2026 EPS.
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The decision to break up General Electric turned out to be among the most lucrative moves in recent history within the corporate event niche. Shares of GE Aerospace (NYSE:GE), GE HealthCare (GEHC), and GE Vernova (
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