Buy just one of these GE spinoffs now

Article Excerpt

Conglomerate General Electric has completed its plan, first announced in 2021, to split into three public companies: GE Aerospace (jet engines), GE Vernova (equipment for electrical power producers), and GE HealthCare (x-ray machines and MRI scanners). All three of the stocks are up since the split. That’s because investors prefer pure-play firms that are easier to evaluate against competing businesses. While we like the long-term prospects for all three, we prefer GE HealthCare for your new buying. GENERAL ELECTRIC CO. $163 is a hold. The company (New York symbol GE; Manufacturing sector; Shares outstanding: 1.1 billion; Market cap: $179.3 billion; Dividend yield: 0.7%; Takeover Target Rating: Medium; www.geaerospace.com) now operates as GE Aerospace. It mainly makes and services jet engines and aircraft electronics. It has 44,000 commercial and 26,000 military aircraft engines in service worldwide. As a standalone business (excluding GE Vernova), GE Aerospace’s revenue in the first quarter of 2024 rose 15.7%, to $8.1 billion from $7.0 billion a year earlier. That’s mainly because rising air travel…