Wall Street Breakfast Don't call it a GE comeback
Jan 23, 2025
GE Aerospace's stock has soared to its highest in over two decades, driven by strong earnings and growth projections. Meanwhile, a surge in investor confidence is witnessed despite challenges faced by American Airlines and Electronic Arts. The discussion also delves into the intriguing complexities of Project Stargate and substantial investments from major players. Notably, there's speculation around Bitcoin reaching $150,000, stirring conversations on its potential as a global reserve asset and Elon Musk's critical views.
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GE Aerospace Soars
- GE Aerospace stock reached a 24-year high after posting strong results and increasing shareholder returns.
- Their commercial engines and services unit significantly boosted revenue.
Market Sentiment Shift
- The American Association of Individual Investors survey revealed a significant shift in market sentiment.
- Bullish investors surged while bearish investors declined sharply.
American Airlines Outlook
- American Airlines stock declined despite positive Q4 results.
- Their projected loss for the current quarter overshadowed the good news.