#6 - General Electric (NYSE:GE)
General Electric (NYSE: GE) is a name that’s familiar to many investors. But this is not your grandfather’s GE. The company is far from the conglomerate that Jack Welch built. In fact, the company just finished spinning off its Healthcare division into a separate company in January 2023.
Next will be a spin-off of its Aviation and Energy units in 2024. The Energy unit which will be named GE Vernova, is one of the leading names in wind turbines. The company manufactures its Haliade-X offshore wind turbine, which is netting significant business with an installed base of 7,000 gas turbines.
GE stock is currently trading near its 52-week high as well as near its all-time high. However, now is a good time to get into GE stock so that you can benefit when the stocks split off in 2024.
About GE Aerospace
GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.
More about GE Aerospace- Current Price
- $236.19
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $221.15 (-6.4% Downside)
