My New Investment - Why I'm Betting Big On GE Aerospace

Sep. 08, 2024 10:07 AM ETGeneral Electric Company (GE) StockGE52 Comments

Summary

  • I added GE Aerospace to my portfolio due to its ultra-wide moat, market penetration, and strategic position in commercial and defense engines.
  • GE Aerospace's leadership, backed by secular growth trends and the innovative FLIGHT DECK model, makes it a perfect fit for my portfolio.
  • I see strong potential for shareholder value through dividends and buybacks, with continued upside as GE capitalizes on growing demand and operational efficiency.
  • Despite not getting my ideal entry price, I'm ready to buy more on market weakness, confident in GE's long-term growth prospects.
  • Looking for more investing ideas like this one? Get them exclusively at iREIT®+HOYA Capital. Learn More »

GE Aerospace world headquarters and jet engine test facility. GE Aerospace was formerly General Electric GE Aviation.

jetcityimage/iStock Editorial via Getty Images

Introduction

In recent months, I have increasingly discussed my plans to add a new stock to my portfolio. After being an aggressive buyer in the first half of this year, I wrote a number of articles about

Test Drive iREIT© on Alpha For FREE (for 2 Weeks)

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial.

And this offer includes a 2-Week FREE TRIAL plus Brad Thomas' FREE book.

This article was written by

43.54K Followers

Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He is a contributing author for iREIT®+HOYA Capital.

As a member of the iREIT®+HOYA Capital team, Leo aims to provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. Learn More.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of GE, RTX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About GE Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on GE

Related Stocks

SymbolLast Price% Chg
GE
--