Management has already raised earnings guidance this year. Aftermarket services revenue continues to grow strongly.
Investing is serious business, where the power of compounding significantly impacts long-term gains. Small adjustments in returns can make a big difference. Current market challenges include high S&P 500 valuations, geopolitical risks, and varying sector performances. Yet, there are tremendous opportunities. I highlight three stocks with strong dividend growth, wide-moat business models, and robust balance sheets, each offering at least 10% annual returns.
In the first quarter of 2024, the U.S. economy grew at a strong, annualized pace of 2.4% above inflation. And multiple experts are predicting that the economy will add another 2% of growth above inflation during the current quarter.
The former General Electric spun off a couple of companies in the past year, leaving GE Aerospace as a stand-alone company. GE Aerospace stock has crushed the S&P 500 in the first half of 2024.
The U.S. Army accepts GE Aerospace's (GE) T901-GE-900 engines for integration and testing on the Sikorsky UH-60 Black Hawk.
GE Vernova is undergoing a continued lean manufacturing strategy and capitalizing on rising power demand to boost margin expansion. The Power and Electrification segments are driving revenue growth with their large installed base and backlog, while the Wind segment aims to turn profitable by 2025. Despite a high forward P/E ratio, GEV's revenue stream and strategic optimizations present a compelling investment opportunity with a 17.03% upside.
GE Aerospace is a newly formed independent public company following the spinoff of GE Vernova. The company has a dominant position in the global aircraft engine market.
The GMO U.S. Quality ETF (NYSEARCA: QLTY ) seeks quality stocks to buy. At the end of May, Barron's published an article about investing guru Jeremy Grantham's new ETF and how it's beating the markets despite not owning Nvidia (NASDAQ: NVDA ).
GE Aerospace is reportedly developing a hybrid electric engine aimed at powering next-generation narrow-body jets by the mid-2030s, Reuters reported. The innovative technology holds promise for significantly reducing carbon emissions in the aviation industry, which heavily relies on single-aisle jets.
GE Aerospace is developing a hybrid electric engine with the hopes it will power next-generation narrow-body jets by the middle of the next decade.
A GE Aerospace executive said on Wednesday global supply chains will likely remain challenged even next year, despite a production slowdown at Boeing.
New airplane engines typically come with negative engine profit margins. A delay in delivery of new engines could lead to an increase in aftermarket revenue in older engines.