10 Best Momentum Stocks to Buy According to Hedge Funds

6. GE Aerospace (NYSE:GE)

Number of Hedge Fund Holders: 95 

GE Aerospace (NYSE:GE) designs and manufactures cutting-edge jet engines, propulsion systems, and avionics for commercial, military, and industrial applications. The company is renowned for its innovation, delivering high-performance products that drive efficiency and sustainability in the aerospace sector.

GE Aerospace (NYSE:GE), one of the best momentum stocks, reported robust fourth-quarter 2024 earnings, with sales hitting $9.9 billion and operating profits of $2 billion, exceeding Wall Street expectations. The company achieved a remarkable 46% growth in total orders, amounting to $15.5 billion. Adjusted revenue for the quarter surged 16% year-over-year, while operating profit saw a substantial 49% increase, reflecting the company’s solid operational execution.

Recent innovations, including certification for enhanced durability in its LEAP-1A engines, underscore the company’s commitment to technological advancement, while strategic investments in next-gen propulsion systems signal further growth potential. As GE Aerospace (NYSE:GE) continues to lead in engine performance and drive efficiency in the aerospace sector, its strong financial position and forward-looking initiatives make it a key player to watch in the industry.