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This Aerospace Stock Outperformed the S&P 500 in the First Half of 2024. Is It Still a Buy?

TheMotleyFool

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This Aerospace Stock Outperformed the S&P 500 in the First Half of 2024. Is It Still a Buy?: https://g.foolcdn.com/editorial/images/783044/aircraft-engineer-repairing-jet-engine-getty.jpg

GE Aerospace (NYSE: GE), formerly a part of General Electric, had a blistering hot start to the first half of 2024. The stock price rose 58% in the first six months of 2024, crushing what were solid gains by the S 500 (up 15%) and Nasdaq Composite index (up 19%) over the same period.

Investors are apparently optimistic about this aerospace industry leader, judging by its stellar first-half share price performance. A potential downside is that the run-up in GE Aerospace stock has left it trading at a pricey valuation.

Is it still a buy today?

Source Fool.com

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