Top 8 Stocks To Buy In 8 Different Sectors for the Next 3 Months

6. GE Aerospace (NYSE:GE)  

Number of Hedge Fund Holders: 95  

Sector: Industrial  

GE Aerospace (NYSE:GE), formerly General Electric, focuses on the design, manufacture, and service of jet engines and other aerospace technologies. The company’s customers include commercial airlines, defense contractors, and governments. GE Aerospace (NYSE:GE) benefits from a resurgence in air travel and increased defense spending globally.

On October 22, GE Aerospace (NYSE:GE) announced results for the third quarter ending September 30. The company’s revenue increased 6% year-over-year to $9.8 billion, with operating margins rising by 1,560 bps to 20.3%. GE Aerospace’s (NYSE:GE) total orders increased 28% to $12.6 billion, as a result, the company revised its forecast for earnings and cash guidance for the year.

On the sales front, GE Aerospace (NYSE:GE) is experiencing significant momentum. The company has secured widebody commitments from EVA Air and Qatar Airways, which will drive growth and increase its market share. The company has also announced a ten-year service agreement with Emirates, focusing on the electrical load management system for its Boeing 777 fleet.

GE Aerospace’s (NYSE:GE) defense business is also thriving, with a major commitment from the Polish Ministry of National Defense for over 200 T700 engines to power Boeing Apache Guardian helicopters. Furthermore, the company has been selected to overhaul and upgrade GEnx-2B engines for the United States Air Force, underscoring its expertise and reputation in the defense sector.