Why GE Aerospace Stock Soared in January
For years, the aerospace business housed inside the General Electric conglomerate was considered a crown jewel. Now on its own, GE Aerospace (NYSE: GE) is proving its mettle.
Shares of GE Aerospace gained 22% in January, according to data provided by S&P Global Market Intelligence, after the company posted a strong earnings report and provided an upbeat outlook for the year to come.
GE Aerospace is a collection of aircraft engines, interiors, and other components that became an independent company in April 2024 when General Electric completed a complex, multiyear breakup. Investors had high expectations for this business, and its fourth-quarter results did nothing to dispel that enthusiasm.
Source Fool.com
