SAFRY - GE pops after United's big order for Boeing Airbus jets
The stock making the biggest move in response to United's largest-ever aircraft order for 200 Boeing 737 MAX jets and 70 Airbus A320 NEO jets actually is General Electric ([[GE]] +1.6%), which makes engines for both jets.GE and Safran (SAFRY) make all engines for the MAX in their 50-50 CFM joint venture, and airlines can order A320 NEO jets with engines from that joint venture or from Raytheon's ([[RTX]] -0.7%) Pratt & Whitney division.GE shares have been hit hardest out of the group, sinking more than 75% from all-time highs, while Boeing and United have fallen 45% from their records, and Safran and Airbus each are ~20% below all-time highs.Also, Goldman Sachs names GE as one of its top ideas, driven by an Aerospace recovery and upside in its Renewables business."We view GE as the ultimate self-help, re-opening levered story in industrials," Goldman's Joe Ritchie writes in maintaining his Buy
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GE pops after United's big order for Boeing, Airbus jets