GE - This Aerospace Stock Outperformed the S&P 500 in the First Half of 2024. Is It Still a Buy?
2024-07-14 05:55:00 ET
GE Aerospace (NYSE: GE) , formerly a part of General Electric, had a blistering hot start to the first half of 2024. The stock price rose 58% in the first six months of 2024, crushing what were solid gains by the S&P 500 (up 15%) and Nasdaq Composite index (up 19%) over the same period.
Investors are apparently optimistic about this aerospace industry leader, judging by its stellar first-half share price performance. A potential downside is that the run-up in GE Aerospace stock has left it trading at a pricey valuation.
Is it still a buy today?
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This Aerospace Stock Outperformed the S&P 500 in the First Half of 2024. Is It Still a Buy?