Here's Why GE Aerospace Stock Recovered Today

GE Aerospace (NYSE: GE) stock rose more than 4% by 11 a.m. ET on Wednesday as investors took advantage of the post-earnings dip in the stock on Tuesday and bought in. Here's why.The company's report contained some negatives, such as the expectation reduction for LEAP engines. A GE Aerospace joint venture with Safran manufactures the LEAP, the sole engine option on the Boeing 737 MAX and an option on the Airbus A320 neo family of airplanes.A combination of supply challenges and delays in airplane deliveries means GE now expects LEAP engine deliveries to decline by 10% in 2024, compared to 2023. For reference, management started the year expecting a 20%- 25% increase in LEAP deliveries.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool