Is GE HealthCare Stock a Screaming Buy After Its Spinoff?
In Disney's classic animated movie Aladdin, the characters Aladdin and Jasmine sing a song together that talks about "a whole new world." The song could be the theme for General Electric (NYSE: GE) and GE HealthCare Technologies (NASDAQ: GEHC) right now.
Earlier this month, General Electric completed its long-anticipated spinoff of GE Healthcare. Shares of General Electric plunged, but shares of its newly formed offspring surged. So is GE HealthCare stock a screaming buy after its spinoff?
Although GE HealthCare is a new stand-alone entity, its business is well established. The company has long been a leader in medical technology. Its installed base tops 4 million. GE HealthCare should report 2022 revenue in the ballpark of $18.3 billion.
Source Fool.com
