15 Stocks That Outperform the S&P 500 Every Year For the Last 3 Years

6. GE Aerospace (NYSE:GE)

3-Year Return as of the Close of March 12: 239%

GE Aerospace (NYSE:GE) is a global leader in jet and turbo engines, as well as integrated systems for commercial, military, and general aviation aircraft. Inventing the future of flight, GE Aerospace is headquartered in Ohio, USA. The company operates through two segments, Commercial Engines and Services, and Defense and Propulsion Technologies. While the Commercial Engines and Services segment deals in the designing, manufacturing, and repairing of jet engines, the latter provides power systems for the government and other institutions.

Just recently, the company achieved a significant milestone by getting its Catalyst turboprop engine approved by the US Federal Aviation Administration (FAA). As easy as it may sound, the test engine requires the completion of more than 80,000 hours of operation demonstrating its performance targets to get the certification.

GE Aerospace (NYSE:GE) was rated “Buy” by analysts at Redburn Atlantic, a financial services firm. They believe the company is poised to capitalize on surging demand for air travel worldwide.

While the future looks promising, the past hasn’t been disappointing either. In a span of five years, the stock has surged by over 380%. Previously, the stock has benefitted from strong fundamentals in the aviation market, a series of divestments, and restructuring. All praise to CEO Jack Welch, who took over a debt-ridden, bloated, and inefficient jet engine maker and transformed it into what it is today.

With a new Trump-led regime, business-friendly policies, both corporate and personal tax cuts, and a growing aviation market are much anticipated. Having said that, GE Aerospace (NYSE:GE) is nothing short of an ideal stock for investors valuing long-term growth.