GE Aerospace forecasts upbeat 2025 profit on strong demand for parts, services

January 23, 2025

Image source: Unsplash and Wikimedia Commons (GE Aerospace logo)

Breaking News

Image source: Unsplash and Wikimedia Commons (GE Aerospace logo)

GE Aerospace forecasts upbeat 2025 profit on strong demand for parts, services. 📈 GE Aerospace on Thursday forecast a stronger full-year profit as demand for its high-margin parts and services got a boost from airlines flying older jets to sidestep a persistent shortage of new aircraft. Reuters reports.

EdgeUp

🛑 CriticAI: Elon Musk bashes the $500 billion AI project Trump announced, claiming its backers don’t ‘have the money’. CNN reports.

📈 TechLift: Oracle's shares jumped nearly 9% before the bell on Wednesday after U.S. President Donald Trump said the company would make a large investment in artificial intelligence infrastructure, alongside OpenAI and SoftBank. Reuters reports.

🚀 TechThrust: Nvidia stock jumped more than 4% Wednesday to help lead the tech sector and some chip stocks higher following Trump’s announcement of a massive, $500 billion AI infrastructure project. Yahoo Finance reports.

🛒 ConsumerBoost: Shares of Tide and Pampers parent Procter & Gamble rose 3% Wednesday after the consumer goods giant posted fiscal 2025 second-quarter net sales that topped Wall Street estimates. Yahoo Finance reports.

👑 LeaderChip: Intel is racing against the clock to find a new chief executive who can launch the company into the artificial intelligence age — or risk sinking further into irrelevance. Yahoo Finance reports.

🔻 JobCut: E-commerce giant Amazon.com is exiting its operations in the Canadian province of Quebec, leading to the loss of about 1,700 full-time jobs, the company said on Wednesday, prompting Ottawa to express its unhappiness. Reuters reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $DGNX: Diginex
Total gain: +77.33%

2. $VNCE: Vince Holding
Total gain: +65.1%

3. $QNRX: Quoin Pharmaceuticals
Total gain: +33.98%

4. $PBBK: PB Bankshares
Total gain: +32.38%

5. $KOPN: Kopin

Total gain: +29.25%

Tech Thursday

Apple loses top-stock crown as analysts downgrade on iPhone risk

Apple received a pair of analyst downgrades, in the latest sign that soft iPhone sales are becoming an increasing concern for investors, as artificial intelligence fails to act as a hoped-for growth catalyst.

Shares fell 3.2% on Tuesday, closing at its lowest since November amid a rocky start to the year. The stock is down 11% in January, putting it on track for its biggest one-month decline since December 2022. It has dropped 14% from a December peak.

The day erased more than $110 billion from the company’s market capitalization, enough for it to close under Nvidia Corp. in size for the first time since November. Apple now has a valuation of $3.35 trillion, compared with $3.45 trillion for the AI-focused chipmaker.

📰 Read more

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on January 22.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $BLBX: Blackboxstocks
Total gain: +221.30%
The company announced that it has entered into a Securities Purchase Agreement under which the Purchaser agreed to buy senior debentures with a total principal amount of $250,000, as well as amended and restated senior secured convertible debentures with a total principal amount of $2,000,000, subject to certain closing conditions applicable to the Initial Debentures and Additional Debentures, respectively. Benzinga reports.

2. $NTRB: Nutriband
Total gain: +40.88%
The stock appeared to be moving on no notable news.

3. $PTLE: PTL
Total gain: +32.51%The stock appeared to be moving on no notable news.

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

TXN: Texas Instruments
Q4 2024
After Market Close
Estimate: 1.200
Actual: N/A

SSB: SouthState
Q4 2024
After Market Close
Estimate: 1.730
Actual: N/A

EWBC: East West Bancorp
Q4 2024
After Market Close
Estimate: 2.120
Actual: N/A

Today’s Key Economic Dates

Time (ET) / Report / Period

10:00 am - U.S. leading economic indicators - December

Parting Thoughts

“If a stock doesn’t act right, don’t touch it; because being wrong—not taking the loss—is what does the damage.”

― Edwin Lefèvre

Sourced in:
“Reminiscences of a Stock Operator”, by Edwin Lefèvre, published in 1923.