GE Vernova posted a blockbuster earnings report, beating the earnings expectation by nearly 800%.
As a result, GEV rallied nearly 14% for the 2nd-best earnings response in the company’s short public history. The stock also closed the day at a new all-time high.
And when you line that overwhelmingly bullish technical story with the fundamentals, it’s not hard to see why.
This is a company sitting at the center of global electrification, one of the most powerful structural themes in the market right now.
Demand is accelerating rapidly. You can see this in their backlog, which has surged to roughly $163 billion and is expected to reach $200 billion by 2027.
You're seeing growth across the entire business.
Gas power demand is booming globally. Electrification is benefiting from grid expansion, data center demand, and national security spending.
And pricing power is improving alongside it, with new orders coming in at meaningfully higher price points.
Putting it all together, we expect GEV to continue pushing toward new all-time highs and to lead the market higher.
Now let’s talk about Boeing.
Not because it’s leading, but because earnings sentiment is shifting significantly.
Coming into this report, aerospace and defense had been getting punished across the board. We saw it earlier this week, stocks like RTX Corp $RTX, Northrop Grumman $NOC, and even GE Aerospace $GE getting sold despite beating expectations.
And you're seeing the Aerospace & Defense ETF $ITA significantly lag the broader market.
So when Boeing stepped up and not only delivered a double beat but actually got rewarded for it, that stood out to us.
