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The final split-up happens soon, and it could create two profitable stand-alone companies.
General Electric will soon assume the name GE Aviation after an upcoming spin-off. The business is focused on aerospace and is poised for growth.
Newly minted GE Vernova and Solventum Corp., both soon to be officially spun off from two industrial giants, are hitting it big early: They are joining the S&P 500 index next week.
S&P Dow Jones Indices announced changes to its indexes as of the start of the second quarter.
GE Vernova has opened strongly in initial trading. GE Aerospace has a significant margin expansion opportunity according to a Wells Fargo analyst.
GE Vernova is due to be spun off to shareholders of General Electric on April 2.
Amidst the ongoing surge led by the semiconductor sector, the Artificial Intelligence revolution, and Nvidia Corp. NASDAQ: NVDA, which is steering the S&P 500 to new heights, several overbought scenarios have developed in individual stocks. These scenarios may have sparked investor concerns over potential overvaluations, resulting in pullbacks and corrections in select stocks.
The stock is on pace for its eleventh consecutive weekly gain.
General Electric's (GE) arm GE Power Conversion clinches a contract from ST Engineering Marine Limited to provide IFEP equipment for RSN's MRCV program.
A large U.S. business delegation, including Meta, Boeing and wind energy firm GE Vernova, is visiting Vietnam this week in a sign of continued corporate interest in the Southeast Asian nation after Washington upgraded ties last year. About 50 companies will participate, according to organiser US-ASEAN Business Council, which last year brought a business delegation of similar size to Vietnam.