B Of A Securities analyst raised the price forecast for GE Aerospace from $225 to $230 while retaining a Buy rating. GE reported strong Q1 results and expects continued growth, with potential tariff risks. Analyst raised EPS estimates and suggested potential ETF investments.
In a post on Truth Social, President Donald Trump said the Boeing dispute was a minor example of broader harm caused by China, which he also blamed for fueling America’s fentanyl crisis via Mexico and Canada.
CEO Larry Culp stated that the company is responding to current macroeconomic conditions by implementing strategic measures, including cost controls and utilizing available trade programs.
In the wake of escalating global tensions, the defence industry has emerged as a potentially lucrative investment sector, reminiscent of the healthcare boom witnessed during the COVID-19 pandemic.
My longer-term market indicator has turned decisively negative, signaling that now may not be the time to buy and hold stocks. Of course, the problem is that we don't know how low this market can go, and stocks could get a lot cheaper still.
RTX Corporation (NYSE: RTX) shares are up premarket on Tuesday as its major units, Collins Aerospace and Pratt & Whitney, announced deals to expand GTF overhaul capacity and enhance services.
Palantir Technologies Inc CEO Alex Karp emphasized artificial intelligence's transformative potential for enterprise operations, suggesting the technology could make workers dramatically more efficient when properly deployed.
Defense and aerospace stocks have emerged as a bright spot amid turbulent and chaotic broader market conditions, with the iShares U.S. Aerospace & Defense ETF (BATS: ITA) up 5.7% year-to-date and the VanEck Defense UCITS ETF (LON: DFNG) up 16%, while the S&P 500 and the Nasdaq have declined 4% and 10%, respectively, during the same period.
Korean Air orders GEnx and GE9X engines for new fleet of Boeing 777-9s and 787-10s, with a service agreement. GE9X is most powerful and fuel-efficient engine.
