Dernières nouvelles pour GE Aero (NYSE:GE) Stock

GE Aero

General Electric

GE Aerospace is the global leader in designing, manufacturing, and servicing large aircraft engines, along with partner Safran in their CFM joint venture. With its massive global installed base of nearly 70,000 commercial and military engines, GE Aerospace earns most of its profits on recurring service revenue of that equipment, which operates for decades. GE Aerospace is the remaining core business of the company formed in 1892 with historical ties to American inventor Thomas Edison; that company became a storied conglomerate with peak revenue of $130 billion in 2000. GE spun off its appliance, finance, healthcare, and wind and power businesses between 2016 and 2024.

GE Aerospace

GEA Group AG

GREAT EAGLE HLDGS H ORD by Great Eagle Holdings Ltd.

Great Eagle Holdings Ltd

RADIKO HOLDINGS CORP by Radiko Holdings Corp.

Radiko Holdings Corp

Genting Bhd

GENTING BERHAD SPONS ADR by Genting Berhad

GREENBRIAR SUSBLE LIVING by GREENBRIAR SUSTAINABLE LIVING INC

Greenbriar Sustainable Living Inc

GE AEROSPACE ORD

Great Elm Capital Corp. - Closed End Fund

Great Elm Capital Corp

Great Elm Capital Corp. - 8.125% Notes Due 2029

Great Elm Capital Corp. - 8.50% NOTES DUE 2029

Great Elm Capital Corp 6.750% Nt 01/31/2025

Great Elm Capital Corp. - 5.875% Notes due 2026

Great Elm Capital Corp. - 8.75% Notes due 2028

Gecina Nom

GECINA ORD

GLOBAL ED CMNTYS CORP by GLOBAL ED CMNTYS CORP

Global Education Communities Corp

CalEthos Inc

GEDEON RICHTER ADR 144A by Gedeon Richter Ltd

GEDEON RICHTER LTD S/GDR by Gedeon Richter Ltd

Chemical Works of Gedeon Richter PLC

G8 Education Ltd

SPDR GLBL DIVID ARIST ESG ETF

GLOBAL ENVIRNMNTL ENGY CP by Global Environmental Energy Corp.

Global Environmental Energy Corp

Geeq

Greif Inc

Greif, Inc. Corporation Class B Common Stock

GEO FINANCE CORP by Geo Finance Corp.

Great Elm Group Inc

GREAT EAGLE GOLD CORP by GREAT EAGLE GOLD CORP.

Great Eagle Gold Corp

Great Elm Group, Inc. - 7.25% Notes due 2027

GENESIS ELECTRONICS GRP by Genesis Electronics Group, Inc.

Genesis Electronics Group Inc

GOLD ENTMT GROUP INC by Gold Entertainment Group, Inc.

Gold Entertainment Group Inc

GAENSEL ENERGY GROUP INC by Gaensel Energy Group, Inc.

Gaensel Energy Group Inc

Genel Energy PLC

GENEL ENERGY PLC UNSP/ADR by Genel Energy PLC

GE HealthCare Technologies Inc. - Common Stock

GE HealthCare Technologies Inc

GE HEALTHCARE TECHNOLOGIES ORD

GREAT ESTRN HLDGS LTD by Great Eastern Holdings Ltd.

Great Eastern Holdings Ltd

GREAT ESTRN HLDGS UNS/ADR by Great Eastern Holdings Ltd.

Gravitas Education Holdings Inc ADR (New)

Genesis Energy LP

GRAPHANO ENERGY LTD by GRAPHANO ENERGY LTD

Graphano Energy Ltd

CHATHAM ROCK PHOSPHTE LTD by Chatham Rock Phosphate Ltd.

Chatham Rock Phosphate Ltd

Gelion PLC

GENESIS EGY PFD A by Genesis Energy, L.P.

Gelteq Ltd

GREEN ENERGY LIVE INC by Green Energy Live, Inc.

Green Energy Live Inc

GEELY AUTOMBLE HLDGS LTD by Geely Automobile Holdings Ltd.

Geely Automobile Holdings Ltd

GEELY AUTOMBL HL UNSP/ADR by Geely Automobile Holdings Ltd.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Goldman Sachs ETF Trust Goldman Sachs Access Emerging Markets USD Bond ETF

Infinity Stone Ventures Corp Ordinary Shares - Class A (Sub Voting)

INFINITY STONE VENTRS CP by Infinity Stone Ventures Corp.

Infinity Stone Ventures Corp

Gemxx Corp

Gen Digital Inc

Gencor Industries Inc

Genda Inc

UBS GLO GEND DIS ETF

UBS ETF GL GENDER EQ USD ETF

UBS ETF GL GENDER EQ H USD D ETF

Genetic Technologies Ltd - American Depositary Shares

Genetic Technologies Ltd

Genopets

GENFLOW BIOSCIENCES PLC by Genflow Biosciences Plc

Genflow Biosciences PLC

Gear Energy Ltd

Generation Hemp Inc

Genius Sports Ltd

GEN Restaurant Group, Inc. - Class A Common Stock

GEN Restaurant Group Inc

Genmin Ltd

Spinnaker ETF Series Genter Capital Municipal Quality Intermediate ETF

GENERATION MINING LTD by Generation Mining Limited

Generation Mining Ltd

GENESIS HEALTHCARE INC A by Genesis Healthcare, Inc.

Genesis Healthcare Inc

GENIX PHARMACEUTICALS CP by GENIX PHARMACEUTICALS CORP.

Genix Pharmaceuticals Corp

GENRE

GENERATION URANIUM INC by GENERATION URANIUM INC.

Generation Uranium Inc

Genus PLC

Spinnaker ETF Series Genter Capital Taxable Quality Intermediate ETF

G5 ENTERTAINMENT AB by G5 Entertainment AB

G5 Entertainment AB

GENEX PHARMACEUTICAL INC by Genex Pharmaceutical, Inc.

Genex Pharmaceutical Inc

AMND MILLENNIALS ETF

Principal Exchange-Traded Funds Principal Millennial Global Growth ETF

The GEO Group Inc

Geodrill Ltd

Geo Holdings Corp

Geospace Technologies Corporation - Common Stock

Geospace Technologies Corp

Golden Energy Offshore Services ASA

GOLDEN ENRGY OFFSHORE SVC by Golden Energy Offshore Services ASA

LLOYD GROWTH EQUITY ACC ETF USD

GLEN EAGLE RES INC ORD by Glen Eagle Resources Inc.

Glen Eagle Resources Inc

ETF Managers Trust ETFMG Treatments Testing & Advancements ETF

Geron Corp

GE Aerospace (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ge#NYSE">GE</a>) is scheduled to report third-quarter 2024 results on Oct. 22, before market open.
The Zacks Consensus Estimate for its third-quarter earnings has increased 1.8% in the past 60 days. The company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average surprise being 26.7%.
Let&#39;s see how things have shaped up for GE Aerospace this earnings season.
<h2>Factors Likely to Have Shaped GE&#39;s Quarterly Performance</h2>
GE Aerospace is expected to have benefited from a growing installed base and the higher utilization of engine platforms across commercial and defense end markets in the third quarter. Solid demand for LEAP, GEnx &amp; GE9X engines and related services, supported by growth in air traffic, fleet renewal and expansion activities, is likely to have boosted GE&#39;s top-line performance.
Growing popularity for the company&#39;s propulsion &amp; additive technologies, critical aircraft systems and aftermarket services in the defense sector is likely to have supported the Defense &amp; Propulsion Technologies business&#39; performance. Rising U.S. &amp; international defense budgets, positive airline &amp; airframer dynamics and robust demand for commercial air travel are anticipated to have boosted GE&#39;s performance in the third quarter.
The company has also been making investments to expand and upgrade manufacturing facilities in the United States and overseas. These investments are likely to have enabled GE Aerospace to boost its operational capacities and cater to the increased demand from its commercial and defense customers. This, along with its focus on operational execution, robust backlog level and aim to generate healthy free cash flow, is likely to have been a tailwind.
The company&#39;s portfolio reshaping actions include disposing of non-profitable businesses to unlock values for its shareholders. In April 2024, GE completed the spin-off of its Vernova business, which marked the completion of its multi-year portfolio restructuring actions. Although the spin-off is likely to have weighed on its year-over-year top-line comparison, the transaction is expected to have allowed GE to achieve better operational focus on its core aerospace business and financial flexibility. This is expected to have driven its margins and profitability in the third quarter.
However, it has been dealing with the adverse impacts of the high costs and operating expenses owing to certain projects and restructuring activities. Also, supply-chain challenges, such as the availability of raw materials and labor shortages, especially in the aerospace and defense markets, are likely to have affected GE Aerospace&#39;s delivery of finished products to its customers within the stipulated time.
Given the company&#39;s extensive geographic presence, its operations are subject to foreign exchange headwinds. A stronger U.S. dollar is also likely to have hurt GE&#39;s overseas business.
Amid this, the Zacks Consensus Estimate for GE&#39;s third-quarter total revenues is pegged at $8.97 billion, indicating a decline of 45.7% year over year. The consensus estimate for earnings is pegged at $1.13 per share, implying an increase of 37.8% from the prior-year level.
<div class="chart_embed">
<h3>GE Aerospace Price and EPS Surprise</h3>
<img alt="GE Aerospace Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/12/1729167618.png" style="height:263px; width:544px" title="" />
GE Aerospace price-eps-surprise | GE Aerospace Quote
</div>
<h2>Earnings Whispers</h2>
Our proven model predicts an earnings beat for GE Aerospace this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here, as elaborated below.
Earnings ESP: GE Aerospace has an Earnings ESP of +0.57% as the Most Accurate Estimate is pegged at $1.14 per share, which is higher than the Zacks Consensus Estimate of $1.13.
Zacks Rank: GE presently carries a Zacks Rank of 3.
<h2>Other Stocks to Consider</h2>
Here are some other companies within the same space, which according to our model, have the right combination of elements to beat on earnings this reporting cycle.
3M Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mmm#NYSE">MMM</a>) has an Earnings ESP of +1.81% and a Zacks Rank of 3 at present.
The company is slated to release third-quarter 2024 results on Oct. 22. 3M&#39;s earnings have surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 12.6%.
Parker-Hannifin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ph#NYSE">PH</a>) has an Earnings ESP of +2.06% and a Zacks Rank of 2 at present. The company is slated to release its first-quarter fiscal 2025 results on Nov. 7.
PH&#39;s earnings have surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 11.2%.
RBC Bearings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rbc#NYSE">RBC</a>) has an Earnings ESP of +9.57% and a Zacks Rank of 3 at present. The company is scheduled to release second-quarter fiscal 2025 results on Nov. 1.
RBC&#39;s earnings have surpassed the Zacks Consensus Estimate thrice in the preceding four quarters while missing the mark once, the average surprise being 4.8%.
<a href="https://www.zacks.com/stock/news/2352167/is-a-beat-in-the-offing-for-ge-aerospace-in-q3-earnings?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2352167">To read this article on Zacks.com click here.</a>

Earnings

Earnings Beats

Large Cap

Mid Cap

News

Markets

Analyst Ratings

Trading Ideas

Is a Beat in the Offing for GE Aerospace in Q3 Earnings?

GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) has outperformed the market over the past 5 years by 19.4% on an annualized basis producing an average annual return of 33.75%. Currently, GE Aero has a market capitalization of $210.36 billion. 
Buying $1000 In GE: If an investor had bought $1000 of GE stock 5 years ago, it would be worth $4,411.23 today based on a price of $194.00 for GE at the time of writing.
<h3>GE Aero's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729184456_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning GE Aero Stock In The Last 5 Years

Financial giants have made a conspicuous bearish move on GE Aero. Our analysis of options history for GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) revealed 24 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 58% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $214,808, and 19 were calls, valued at $1,154,257.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $155.0 to $230.0 for GE Aero over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for GE Aero options trades today is 2505.5 with a total volume of 5,246.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for GE Aero's big money trades within a strike price range of $155.0 to $230.0 over the last 30 days.
<h3>GE Aero Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729111531_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$21.9</td>
<td>$21.85</td>
<td>$21.85</td>
<td>$190.00</td>
<td>$188.2K</td>
<td style="text-align: right;">217</td>
<td style="text-align: right;">409</td>
</tr>
<tr>
<td>GE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$22.05</td>
<td>$21.9</td>
<td>$21.94</td>
<td>$190.00</td>
<td>$120.8K</td>
<td style="text-align: right;">217</td>
<td style="text-align: right;">56</td>
</tr>
<tr>
<td>GE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$22.0</td>
<td>$21.95</td>
<td>$21.93</td>
<td>$190.00</td>
<td>$118.5K</td>
<td style="text-align: right;">217</td>
<td style="text-align: right;">94</td>
</tr>
<tr>
<td>GE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$22.0</td>
<td>$21.95</td>
<td>$21.93</td>
<td>$190.00</td>
<td>$83.3K</td>
<td style="text-align: right;">217</td>
<td style="text-align: right;">207</td>
</tr>
<tr>
<td>GE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$22.0</td>
<td>$21.95</td>
<td>$21.95</td>
<td>$190.00</td>
<td>$74.6K</td>
<td style="text-align: right;">217</td>
<td style="text-align: right;">145</td>
</tr>
</tbody>
</table>

<h3>About GE Aero</h3>
GE Aerospace is the global leader in designing, manufacturing, and servicing large aircraft engines, along with partner Safran in their CFM joint venture. With its massive global installed base of nearly 70,000 commercial and military engines, GE Aerospace earns most of its profits on recurring service revenue of that equipment, which operates for decades. GE Aerospace is the remaining core business of the company formed in 1892 with historical ties to American inventor Thomas Edison; that company became a storied conglomerate with peak revenue of $130 billion in 2000. GE spun off its appliance, finance, healthcare, and wind and power businesses between 2016 and 2024.
After a thorough review of the options trading surrounding GE Aero, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is GE Aero Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 2,902,187, with GE's price up by 0.87%, positioned at $192.22.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 6 days.</li>
</ul>
<h3>Professional Analyst Ratings for GE Aero</h3>
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $222.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Deutsche Bank persists with their Buy rating on GE Aero, maintaining a target price of $235. 
&#x2A; Maintaining their stance, an analyst from Bernstein continues to hold a Outperform rating for GE Aero, targeting a price of $225. 
&#x2A; An analyst from Deutsche Bank persists with their Buy rating on GE Aero, maintaining a target price of $212. 
&#x2A; An analyst from Citigroup has decided to maintain their Buy rating on GE Aero, which currently sits at a price target of $216. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest GE Aero options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Looking At GE Aero's Recent Unusual Options Activity

Defense and aerospace stocks, as tracked by the iShares US Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) have returned a remarkable 22% year-to-date in 2024; an aerospace expert weighed in on whether companies can keep up with sky-high valuations <a href="https://www.benzinga.com/markets/commodities/24/10/41150239/investors-look-to-gold-as-middle-east-tensions-rise-how-israel-iran-conflict-could-impact-pri">fueled by tensions</a> in the Middle East.
The Aerospace Analyst: RBC analyst Ken Herbert reiterated Outperform ratings for the following aerospace companies in a note published Monday:
<ul>
<li>Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), lowering its price target from $220 to $200.</li>
<li>General Electric Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), raising its price target from $190 to $210.</li>
<li>General Dynamics Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>), maintaining its price target at $320.</li>
<li>Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>), lowering its price target from 180 euros to 160 euros.</li>
</ul>
Industry Takeaways: Herbert noted the industry&#8217;s impressive performance in 2024.
&#8220;Investor sentiment into 3Q24 A&amp;D results is positive on defense stocks, with concerns about near-term incremental upside after the recent strength for many defense stocks. Sentiment seems universally bullish on the aerospace aftermarket, although these stocks appear about as crowded on the long side as we have seen,&#8221; the analyst said. &#8220;We believe the aero OE outlook is uncertain at best.&#8221;
The analyst noted his belief that aerospace valuations will hold in the near-to-mid term.
Boeing Takeaways: Herbert says that Boeing&#8217;s current risk-to-reward is favorable.
&#8220;We believe we are ~36 months into what should be a 4-to 5-year order cycle. Granted, the world is different today than it was for any prior cycle, but we expect demand for narrowbody aircraft to remain strong,&#8221; Herbert said.
The analyst believes that the ongoing labor strike at Boeing will be resolved before it releases its third-quarter earnings.
GE Aero Takeaways: Although Herbert raised General Electric&#8217;s price target, he simultaneously lowered expectations of 2024, 2025 and 2026 LEAP engine deliveries.
&#8220;While we are more cautious on revenue growth, we are raising our estimates for adj operating income and adj. EPS as GE Aero benefits from mix,&#8221; the analyst said. &#8220;We believe the healthy aftermarket demand fundamentals and continued favorable pricing on spare parts will offset downside risk to new LEAP deliveries, although investors will likely be focused on execution for this program.&#8221;
Herbert believes that the bear case for GE is &#8220;fading&#8221; amid efforts to derisk its balance sheet.
General Dynamics Takeaways: Herbert&#8217;s lowering of General Dynamics&#8217; price target comes amid pessimism in Gulfstream delivery estimates. The analyst sees headwinds ahead in delivering its G700 aircraft.
Herbert is still bullish on the company, with a perceived upside amid the continuing war in Ukraine.
Airbus Takeaways: The analyst&#8217;s lowered price target is attributed to lower delivery estimates in the near term. He believes the stock can perform well, even though the company will likely walk back its mid-decade target of 1,000 deliveries.
Herbert sees Airbus&#8217; core strengths as its strong backlog, cash position and margin expansion.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/10/41336413/oil-prices-take-largest-plunge-in-over-a-year-as-israel-vows-to-spare-iranian-facilities-energy-stoc">Oil Prices Take Largest Plunge In Over A Year As Israel Vows To Spare Iranian Facilities: Energy Stocks Sink, Airlines, Cruise Lines Rally</a></li>
</ul>
Photo: Gorodenkoff/Shutterstock.com

Equities

Price Target

Reiteration

EADSY

iShares Dow Jones US Aerospace & Defense Index Fund

Aerospace Stocks Face Tough Questions: Can Boeing, GE, Airbus Justify Sky-High Valuations?

The current bull market has officially hit its two-year milestone, overcoming recession fears, elevated interest<a href="https://www.benzinga.com/topic/interest-rates"> rates, and persistent skepticism.</a>
Since bottoming out on October 12, 2022, the S&amp;P 500 has soared 63%, driven by a resilient economy and impressive corporate earnings. Gains have been further amplified by optimism around productivity and breakthroughs in artificial intelligence.
Defying all expectations, the S&amp;P 500 is now trading at record highs, solidifying this as one of the most resilient—and surprising—bull markets in history.
&#8220;It is hard to believe that only two years ago the S&amp;P 500 closed at 3,577 as investors feared inflation was entrenched after wholesale inflation data unexpectedly ticked higher that day,&#8221; said Adam Turnquist, chief technical strategist at LPL Financial.
Looking back, this day marked the birth of a bull market—one that has grown against the odds and market skepticism. Quoting legendary investor John Templeton, Turnquist added "Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria."
Veteran market strategist Ed Yardeni has been a vocal proponent of the bull market since its inception. Reflecting on the last two years, Yardeni stated, &#8220;The current bull market started two years ago, and we've loved it from the start, even though it was among the most widely hated bull markets in history.&#8221; 
Many critics expected a recession due to the Federal Reserve&#8217;s tightening cycle, but Yardeni and other bullish analysts remained confident in the economy&#8217;s resilience. As Yardeni points out, "The economy has instead remained highly resilient, which has been our forecast since early 2022."
<h2 class="wp-block-heading">20 Top Performing S&amp;P 500 Stocks In Current Bull Market</h2>
Regarding individual stocks, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has led the charge with a jaw-dropping 1,027% gain since October 12, 2022.
Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) follows with a 766.73% surge, while Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>), a major player in the renewable energy space, has climbed 477.91%.
Technology has dominated the bull market, with nine of the top 20 S&amp;P 500 performers hailing from this sector, underscoring its central role in driving market gains.
Semiconductors, in particular, stand out as the most represented industry, with four companies making the list. This highlights the transformative impact of AI-driven advancements.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>#</th>
<th>Company</th>
<th>Sector/Industry</th>
<th>Performance Since Oct. 12, 2022 </th>
</tr>
</thead>
<tbody>
<tr>
<td>1</td>
<td>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>Technology/Semiconductors</td>
<td>1,027.09%</td>
</tr>
<tr>
<td>2</td>
<td>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)</td>
<td>Technology/Hardware, Storage and Peripherals</td>
<td>766.73%</td>
</tr>
<tr>
<td>3</td>
<td>Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>)</td>
<td>Utilities/Independent Power and Renewable Electricity Producers</td>
<td>477.91%</td>
</tr>
<tr>
<td>4</td>
<td>Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)</td>
<td>Technology/Software</td>
<td>438.49%</td>
</tr>
<tr>
<td>5</td>
<td>Fair Isaac Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>)</td>
<td>Technology/Software</td>
<td>402.64%</td>
</tr>
<tr>
<td>6</td>
<td>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>Communication Services/Interactive Media and Services</td>
<td>352.80%</td>
</tr>
<tr>
<td>7</td>
<td>General Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>)</td>
<td>Industrials/Aerospace and Defense</td>
<td>352.11%</td>
</tr>
<tr>
<td>8</td>
<td>Royal Caribbean Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>)</td>
<td>Consumer Discretionary/Hotels, Restaurants and Leisure</td>
<td>337.30%</td>
</tr>
<tr>
<td>9</td>
<td>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td>
<td>Technology/Semiconductors</td>
<td>314.37%</td>
</tr>
<tr>
<td>10</td>
<td>Arista Networks Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>)</td>
<td>Technology/Communications Equipment</td>
<td>301.24%</td>
</tr>
<tr>
<td>11</td>
<td>Howmet Aerospace Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>)</td>
<td>Industrials/Aerospace and Defense</td>
<td>301.24%</td>
</tr>
<tr>
<td>12</td>
<td>Axon Enterprise Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>)</td>
<td>Industrials/Aerospace and Defense</td>
<td>259.73%</td>
</tr>
<tr>
<td>13</td>
<td>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>)</td>
<td>Technology/Hardware, Storage and Peripherals</td>
<td>265.05%</td>
</tr>
<tr>
<td>14</td>
<td>Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>)</td>
<td>Industrials/Ground Transportation</td>
<td>245.36%</td>
</tr>
<tr>
<td>15</td>
<td>Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>)</td>
<td>Communication Services/Entertainment</td>
<td>227.25%</td>
</tr>
<tr>
<td>16</td>
<td>Constellation Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>)</td>
<td>Utilities/Electric Utilities</td>
<td>217.61%</td>
</tr>
<tr>
<td>17</td>
<td>KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>)</td>
<td>Financials/Capital Markets</td>
<td>197.87%</td>
</tr>
<tr>
<td>18</td>
<td>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td>
<td>Technology/Semiconductors</td>
<td>184.85%</td>
</tr>
<tr>
<td>19</td>
<td>Monolithic Power Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>)</td>
<td>Technology/Semiconductors</td>
<td>182.71%</td>
</tr>
<tr>
<td>20</td>
<td>Eli Lilly and Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>)</td>
<td>Healthcare/Pharmaceuticals</td>
<td>180.66%</td>
</tr>
</tbody>
</table>
</figure>
<h2 class="wp-block-heading">Only Two Magnificent 7 Stocks Make the Top 20</h2>
Despite the significant role the Magnificent Seven—Nvidia, Meta Platforms, Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)—have played in shaping market headlines, only Nvidia and Meta managed to break into the top 20 performers.
Others in the group, saw more modest gains, broadly in line with the S&amp;P 500's rally. 
Tesla, notably, has been flat over the last two years, posting a mere 0.26% gain. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>Performance Since Oct. 13, 2022 (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nvidia Corp. </td>
<td>1027.09%</td>
</tr>
<tr>
<td>Meta Platforms Inc. </td>
<td>362.71%</td>
</tr>
<tr>
<td>Microsoft Corp. </td>
<td>84.42%</td>
</tr>
<tr>
<td>Alphabet Inc. </td>
<td>67.32%</td>
</tr>
<tr>
<td>Amazon.com Inc. </td>
<td>67.25%</td>
</tr>
<tr>
<td>Apple Inc. </td>
<td>64.49%</td>
</tr>
<tr>
<td>SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)</td>
<td>62.55%</td>
</tr>
<tr>
<td>Tesla Inc.</td>
<td>0.26%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41302909/18-stocks-to-buy-7-to-sell-this-earnings-season-goldman-sachs-calls-it-the-year-of-the-stock-picker">18 Stocks To Buy, 7 To Sell This Earnings Season: Goldman Sachs Calls It &#8216;The Year Of The Stock Picker&#8217;</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Analyst Color

Social Media

Broad U.S. Equity ETFs

Health Care

Tech

ETFs

AAPL

AMZN

ANET

AVGO

AXON

DELL

FICO

GOOG

GOOGL

MPWR

MSFT

NFLX

NVDA

ORCL

PLTR

SMCI

TSLA

UBER

'Most Widely Hated' Bull Market Reaches 2-Year Milestone: Top 20 S&P 500 Stocks Driving The Rally

Bernstein analyst Brendan Luecke maintains GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) with a Outperform and raises the price target from $201 to $225.

Bernstein Maintains Outperform on GE Aero, Raises Price Target to $225

U.S. stocks settled higher on Friday, with the S&amp;P 500 and Dow Jones index surging to fresh highs during the session. U.S. major averages also recorded gains for the fifth straight week, with the S&amp;P 500 and Nasdaq adding 1.1% each, while the Dow gained 1.2% last week.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: Zachary Fadem
<ul>
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Maintained an Equal-Weight rating on Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) and cut the price target from $450 to $420 on Oct. 11. This analyst sees around 2% downside in the stock.</li>
<li>Recent News: On Oct. 10, the company reported sales growth of 5.1% Y/Y to $1.08 billion, missing the analyst consensus estimate of $1.10 billion.</li>
</ul>
Analyst: Andrew Kaplowitz
<ul>
<li>Analyst Firm: Citigroup</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained a Buy rating on GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) and raised the price target from $198 to $216 on Oct. 10. This analyst sees around 13% upside in the stock.</li>
<li>Recent News: On Sept. 23, the company launched AI Wingmate to support its 52,000 employees in enhancing quality and innovation in flight.</li>
</ul>
Analyst: Justin Post
<ul>
<li>Analyst Firm: B of A Securities</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained a Neutral rating on Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) and raised the price target from $132 to $142 on Oct. 11. This analyst sees around 6% upside in the stock.</li>
<li>Recent News: On Aug. 6, Airbnb reported worse-than-expected second-quarter EPS results and issued third-quarter revenue guidance below estimates.</li>
</ul>
Analyst: Brent Thielman
<ul>
<li>Analyst Firm: DA Davidson</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained a Neutral rating on Apogee Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) and raised the price target from $65 to $75 on Oct. 8. This analyst sees more than 4% decline in the stock.</li>
<li>Recent News: On Oct. 4, Apogee Enterprises reported better-than-expected second-quarter financial results and raised its FY25 adjusted EPS guidance above estimates.</li>
</ul>
Analyst: Harsh Kumar
<ul>
<li>Analyst Firm: Piper Sandler</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained an Overweight rating on Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and boosted the price target from $175 to $200 on Oct. 11. This analyst sees around 20% upside in the stock.</li>
<li>Recent News: AMD, last week, launched several new high-performance computing solutions at the event, including fifth Gen AMD EPYC server CPUs, AMD Instinct MI325X accelerators, AMD Pensando Salina DPUs, AMD Pensando Pollara 400 NICs and AMD Ryzen AI PRO 300 series processors for enterprise AI PCs.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41304700/cvs-has-real-value-jim-cramer-says-micron-had-an-amazing-quarter">CVS Has &#8216;Real Value,&#8217; Jim Cramer Says: Micron Had An &#8216;Amazing&#8217; Quarter</a></li>
</ul>

Pre-Market Outlook

ABNB

APOG

This Analyst With 85% Accuracy Rate Sees Around 20% Upside In AMD - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

GE Aero's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) short percent of float has fallen 22.76% since its last report. The company recently reported that it has 10.20 million shares sold short, which is 0.95% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.9 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>GE Aero Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728657912_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for GE Aero has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing GE Aero's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, GE Aero's peer group average for short interest as a percentage of float is 2.98%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into GE Aero's Recent Short Interest

Benzinga's options scanner has just identified more than 8 option transactions on GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), with a cumulative value of $389,495. Concurrently, our algorithms picked up 3 puts, worth a total of 133,810.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $200.0 for GE Aero during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in GE Aero's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to GE Aero's substantial trades, within a strike price spectrum from $100.0 to $200.0 over the preceding 30 days.
<h3>GE Aero Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728657163_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$5.5</td>
<td>$5.3</td>
<td>$5.5</td>
<td>$185.00</td>
<td>$139.1K</td>
<td>3.2K</td>
<td style="text-align: right;">107</td>
</tr>
<tr>
<td>GE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$100.65</td>
<td>$98.8</td>
<td>$99.3</td>
<td>$100.00</td>
<td>$69.5K</td>
<td>7</td>
<td style="text-align: right;">7</td>
</tr>
<tr>
<td>GE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$9.7</td>
<td>$9.3</td>
<td>$9.45</td>
<td>$195.00</td>
<td>$50.0K</td>
<td>164</td>
<td style="text-align: right;">54</td>
</tr>
<tr>
<td>GE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$12.55</td>
<td>$12.4</td>
<td>$12.4</td>
<td>$200.00</td>
<td>$49.6K</td>
<td>106</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>GE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$13.15</td>
<td>$12.6</td>
<td>$13.0</td>
<td>$180.00</td>
<td>$46.7K</td>
<td>24</td>
<td style="text-align: right;">36</td>
</tr>
</tbody>
</table>

<h3>About GE Aero</h3>
GE Aerospace is the global leader in designing, manufacturing, and servicing large aircraft engines, along with partner Safran in their CFM joint venture. With its massive global installed base of nearly 70,000 commercial and military engines, GE Aerospace earns most of its profits on recurring service revenue of that equipment, which operates for decades. GE Aerospace is the remaining core business of the company formed in 1892 with historical ties to American inventor Thomas Edison; that company became a storied conglomerate with peak revenue of $130 billion in 2000. GE spun off its appliance, finance, healthcare, and wind and power businesses between 2016 and 2024.
Having examined the options trading patterns of GE Aero, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>GE Aero's Current Market Status</h3>
<ul>
<li>With a volume of 623,693, the price of GE is up 1.69% at $191.3. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 11 days.</li>
</ul>
<h3>Expert Opinions on GE Aero</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $221.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Deutsche Bank has decided to maintain their Buy rating on GE Aero, which currently sits at a price target of $235. 
&#x2A; An analyst from Citigroup has decided to maintain their Buy rating on GE Aero, which currently sits at a price target of $216. 
&#x2A; An analyst from Deutsche Bank persists with their Buy rating on GE Aero, maintaining a target price of $212. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest GE Aero options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

GE Aero's Options Frenzy: What You Need to Know

Citigroup analyst Andrew Kaplowitz maintains GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) with a Buy and raises the price target from $198 to $216.

Citigroup Maintains Buy on GE Aero, Raises Price Target to $216

In the current market session, GE Aero Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) stock price is at $188.56, after a 0.38% drop. However, over the past month, the company's stock increased by 11.11%, and in the past year, by 116.15%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1728585980_0.png" alt="Past Year Chart" />

<h3>A Look at GE Aero P/E Relative to Its Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 72.2 in the Aerospace &amp; Defense industry, GE Aero Inc. has a lower P/E ratio of 51.16. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1728585980_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

A Look Into GE Aero Inc's Price Over Earnings

Deutsche Bank analyst Scott Deuschle changed price targets and presented earnings previews for major Aerospace companies such as GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) and Howmet Aerospace Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>).
The analyst writes that these stocks are well-insulated against end-market challenges and are likely to achieve the largest earnings beats and drive significant upward revisions.
GE Aerospace: The analyst raised the price target to $235 from $212 <a target="_blank" href="https://www.benzinga.com/quote/ge/analyst-ratings" rel="noreferrer noopener">while maintaining a Buy rating</a>.
Deuschle expects a 9% EPS beat in their base case and a 15% beat in the blue sky scenario for the third quarter.
In both cases, the analyst anticipates an increase in 2024 guidance, with a potential 7% EBIT rise if the blue sky scenario occurs.
Strong CSA collections from the summer flying season could drive free cash flow (FCF) above expectations, leading to an increase in FCF guidance, adds the analyst.
Overall, Deuschle says that they are optimistic ahead of the earnings release due to the potential for a significant beat and raise this quarter.
Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40986267/ge-aerospace-takes-flight-with-ai-wingmate-boosts-innovation-employee-productivity-with-microsof" rel="noreferrer noopener">GE Aerospace Takes Flight With AI Wingmate: Boosts Innovation, Employee Productivity With Microsoft&#8217;s Azure AI</a>
Howmet: The analyst raised the price target to $125 from $106 while <a target="_blank" href="https://www.benzinga.com/quote/hwm/analyst-ratings" rel="noreferrer noopener">maintaining a Buy rating</a>.
The analyst writes that the base case estimates third-quarter EPS at $0.68, above the Street&#8217;s $0.66, with a roughly 2% midpoint guidance increase.
The analyst cited upside drivers such as pricing strategies, strong execution allowing shipments above long-term agreement caps, and earlier-than-expected generation 2 LEAP HPT blade shipments.
Deuschle expects HWM to guide 2025 revenue in line with the Street (+10%), which could trigger further positive revisions, given a higher 2024 base and likely surprises in Engine Products EBITDA margins.
Read Next: <a target="_blank" href="https://www.benzinga.com//node/41171469" rel="noreferrer noopener">Uber &amp; Avride Join Forces for Autonomous Delivery; Partners With ENSO For Low-Emission EV Tires</a>
For Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), the analyst lowered the price target to $195 from $225 while <a target="_blank" href="https://www.benzinga.com/quote/BA/analyst-ratings" rel="noreferrer noopener">maintaining a Buy rating</a>.
The analyst anticipates a third-quarter free cash flow burn of ($4.0 billion), up from a previous estimate of ($2.4 billion), due to the strike&#8217;s impact on September deliveries and ongoing cash pressures in Boeing&#8217;s Defense segment.
The forecast includes a $1 billion EBIT loss at Boeing Defense Systems (BDS) and a $1.6 billion loss at Boeing Commercial Airplanes (BCA), adds the analyst.
Deuschle says that BCA loss forecast assumes a $1 billion forward loss on the 777X, reflecting delays in entry into service and increased costs related to union negotiations and wage hikes.
Also Read: <a href="https://www.benzinga.com/news/24/10/41170226/boeing-workers-union-says-decision-to-cut-health-care-for-33-000-is-unnecessary-and-cruel" target="_blank" rel="noreferrer noopener">Boeing Workers&#8217; Union Says Decision To Cut Health Care For 33,000 Is &#8216;Unnecessary And Cruel&#8217;</a>
Image via Shutterstock

GE and Howmet Poised for Strong Earnings as Aerospace Sector Stays Resilient: Analyst

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Morgan Stanley raised the price target for Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) from $5 to $6. Morgan Stanley analyst Daniel Kutz maintained an Equal-Weight rating. Transocean shares fell 1.4% to close at $4.33 on Wednesday. <a href="https://www.benzinga.com/quote/RIG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho lowered the price target for Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) from $17 to $8. Mizuho analyst Vijay Rakesh downgraded the stock from Neutral to Underperform. Wolfspeed shares gained 2.9% to close at $9.15 on Wednesday. <a href="https://www.benzinga.com/quote/WOLF/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group slashed Academy Sports and Outdoors, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NASDAQ">ASO</a>) price target from $65 to $60. Evercore ISI Group analyst Greg Melich downgraded the stock from Outperform to In-Line. Academy Sports and Outdoors shares fell 1.3% to close at $55.56 on Wednesday. <a href="https://www.benzinga.com/quote/ASO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank raised Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) price target from $600 to $620. Deutsche Bank analyst Scott Deuschle maintained a Buy rating. Lockheed Martin shares fell 0.4% to close at $603.20 on Wednesday. <a href="https://www.benzinga.com/quote/LMT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank slashed The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) price target from $225 to $195. Deutsche Bank analyst Scott Deuschle maintained a Buy rating. Boeing shares fell 0.9% to close at $152.89 on Wednesday. <a href="https://www.benzinga.com/quote/BA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities raised the price target for CME Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>) from $177 to $180. B of A Securities analyst Craig Siegenthaler maintained an Underperform rating. CME fell 0.8% to close at $223.57 on Wednesday. <a href="https://www.benzinga.com/quote/CME/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank raised GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) price target from $212 to $235. Deutsche Bank analyst Scott Deuschle maintained a Buy rating. GE Aerospace shares gained 0.1% to close at $186.44 on Wednesday. <a href="https://www.benzinga.com/quote/GE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised the price target for On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) from $52 to $56. Piper Sandler analyst Anna Andreeva maintained an Overweight rating. On Holding shares fell 0.3% to close at $49.21 on Wednesday. <a href="https://www.benzinga.com/quote/ONON/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B. Riley Securities cut CoreCard Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCRD#NYSE">CCRD</a>) price target from $19 to $15. B. Riley Securities analyst Hal Goetsch downgraded the rating from Buy to Neutral. CoreCard shares fell 4.6% to close at $13.89 on Wednesday. <a href="https://www.benzinga.com/quote/CCRD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley cut New Fortress Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFE#NASDAQ">NFE</a>) price target from $35 to $15. Morgan Stanley analyst Devin McDermott downgraded the stock from Overweight to Equal-Weight. New Fortress Energy shares fell 7.6% to close at $8.94 on Wednesday. <a href="https://www.benzinga.com/quote/NFE/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying GE stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="512" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03081857/image-13-1024x512.png" alt="" class="wp-image-578508" style="width:618px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03081857/image-13-1024x512.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03081857/image-13-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03081857/image-13-768x384.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03081857/image-13.png 1342w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41156151/wall-streets-most-accurate-analysts-give-their-take-on-3-consumer-stocks-delivering-high-dividend-yi">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Consumer Stocks Delivering High-Dividend Yields</a></li>
</ul>

CCRD

ONON

WOLF

GE Aerospace To Rally Around 26%? Here Are 10 Top Analyst Forecasts For Thursday

Deutsche Bank analyst Scott Deuschle maintains GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) with a Buy and raises the price target from $212 to $235.

Comments

GE Aero

Actualités

Dernières nouvelles pour GE Aero (NYSE:GE) Stock

Les gens regardent aussi

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL