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General Electric Company (GEOO34.SA)
- Barrons.com
GE Aerospace Is the S&P 500’s Top-Performing Stock in April. Globe Life Is the Worst.
April has been a tough month for stock investors. The index is on track to fall more than 3% in April; the drop has been largely driven by hotter-than-expected inflation data that have eroded investors’ hopes that the Federal Reserve would cut interest rates as soon as this summer. GE Aerospace was the best-performing stock in the S&P 500 in April after the aircraft company had an exciting couple of weeks.
- Barrons.com
How GE Created $200 Billion in Market Value by Breaking Into Pieces
Wall Street has hiked the average price target for GE Aerospace stock in the latest stage of upbeat news for longtime investors.
- Reuters
UPDATE 1-GE Vernova reports wider-than-expected Q1 loss in first post-spinoff results
General Electric's energy spin-off company, GE Vernova, reported a wider-than-expected first-quarter loss on Thursday, as weakness in its wind segment offset demand for natural-gas related equipment and services. GE Vernova, which became an independent company this month following a three-way split of General Electric, provides services and equipment to the energy sector, operating through three main businesses - power, wind, and electrification. In contrast, the power segment saw higher orders for gas turbines and more demand for gas power services due to outages, leading to a 6% jump in sales.
