GE Aerospace Raises Forecast. Time to Buy the Stock?

When GE Aerospace (NYSE: GE) delivered its Q3 earnings last Tuesday (Oct. 21), one could argue that the stock reflected even greater optimistic expectations for growth. Thanks to a 75% year-to-date gain, GE is not only ranked first among 79 stocks in the Industrial Select Sector SPDR Fund (NYSEMKT: XLI) but also 15th within the S&P 500.While the Cincinnati-based company initially delighted investors with what it called "exceptional" results and an "across the board" full-year guidance increase, its brief 4.5% opening rally -- where it spent less than five minutes at an all-time high of $315 -- was quickly met with selling, then more selling on Wednesday, which ultimately took the stock back below $300.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool