10 Best Stocks to Invest in According to Billionaire Cliff Asness

6. GE Aerospace (NYSE:GE)

AQR Capital Management’s stake as of Q3: $606.3 million

GE Aerospace (NYSE:GE), the aerospace spin-off of the General Electric conglomerate, is a leading player in the industry, specializing in the production of jet engines and propulsion systems for a wide range of aircraft, including commercial airliners, military jets, and private planes. Its customers include major industry giants including the likes of Boeing and Airbus, as well as the U.S. military.

The company’s defense segment is performing exceptionally well, evidenced by GE receiving an order from the Polish Ministry of National Defense for 210 T700 engines to power 96 Boeing AH-64E Apache Guardian helicopters. The company also announced a ten-year, multi-million-dollar service agreement with Emirates back in October of last year, focusing on the electrical load management system for its Boeing 777 fleet.

GE Aerospace (NYSE:GE) generated $9.8 billion in revenue, indicating a 6% improvement year-over-year. Its GAAP profit came in at $1.9 billion indicating an even better year-over-year growth rate of 14%. The company also improved its total orders by 28% to reach $12.6 billion in total secured orders indicating that demand for its products remains robust.