October 17, 2026
Bonus Content: GE Aerospace Is 19% Off Its Peak. Monday Will Say Why.
All eyes are on copper, and for good reason.
The market is waking up to the fact that copper is much more than just a metal used for industry.
Without enough copper supply, nations can’t realize their ambitions related to green energy.
Without enough copper supply, the build out of data centers related to AI grinds to a halt.
Those two factors alone are a big reason why copper prices are on the way to breaking past all-time highs.
When you throw in the fact that, on top of those things, supply is dwindling, it makes complete sense why more traders are paying attention to this often overlooked metal.
The big winners in this new reality for copper will be under-the-radar names that have access to substantial resources in safe jurisdictions.
One company, with control over a historic copper belt in Canada’s Yukon, is exactly the kind of name that fits that criteria.
It’s already confirmed high-grade copper at its flagship asset.
It’s going to begin exploring past-producing areas.
It has plans for moving other target areas toward drilling, potentially adding more pounds of copper to its books.
Between multiple rigs working in a district-scale area and the company being fully funded through the end of next year, share prices likely won’t stay low for very long.
That’s why you’ll want to take a look at our brand-new online report FREE OF CHARGE.
Inside, you’ll learn all of the details about the company, its assets, its recent results, and why it has a very bright future ahead. You’ll also hear directly from the CEO and learn all about what’s next.
GE Aerospace Is 19% Off Its Peak. Monday Will Say Why.
GE Aerospace reports Monday, October 20, before the open. Wall Street is looking for GE Aerospace to report earnings of $2.01 per share on revenue of about $12.9 billion. At consensus, earnings per share of $2.01 would represent growth of about 21% from the year-ago quarter’s $1.66. The stock closed October 16 at $313.83, roughly 19% below the August 6 intraday peak of $388.84. The retreat has a specific cause. Whether that cause is behind it or ahead of it is what Monday resolves.
Why This Stock Now
The aviation aftermarket is growing, and GE Aerospace is one of the largest engine makers in commercial aviation. CFM International, its joint venture with Safran, is one of the world’s largest suppliers of commercial aircraft engines. GE’s $210 billion backlog and raised $8.9 billion free cash flow guidance put a real bid under shares on any pullback. The stock’s decline from its high is a supply story and an acquisition story, not a demand collapse. Both are finite problems.
The Business
GE designs and builds commercial and military aircraft engines. Its commercial segment is driven by maintenance, repair, and overhaul services on a massive installed base. GE Aerospace had a strong first quarter with orders growing 87% and revenue up 29%. The company reported $2.02 earnings per share in Q2 2026, beating analysts’ consensus estimates of $1.86 by $0.16. GE has beaten estimates in each of the last four quarters. GE’s full-year 2026 EPS guidance is $7.65 to $7.85.
Why Wall Street Is Paying Attention
Bernstein SocGen Group reiterated an Outperform rating and $421.00 price target on GE Aerospace ahead of the third-quarter earnings report. The firm said sentiment on GE and broader commercial aerospace aftermarket exposure has been negative during the last two months. That negative sentiment is the opportunity, not the warning. Analysts project defense revenue of $3.40 billion in Q3, a change of plus 20.2% from the prior-year quarter. Wall Street remains broadly optimistic, with analysts’ average price targets still well above Friday’s close.
What’s Driving the Opportunity
Two events caused the drawdown. Shares fell 4.1% on July 16 after the company’s results highlighted that civil-engine supply constraints remain a key limiter on near-term upside. In September, GE announced the $11.75 billion acquisition of Consolidated Precision Products, adding leverage concerns and regulatory uncertainty. GE Aerospace raised its 2026 profit forecast as demand for engine repairs and spare parts held up, leaving supply constraints, rather than customer demand, as the bigger challenge into 2027. GE Aerospace also outlined an India sourcing plan on October 12, 2026 that targets $400 million in supply-chain spending by 2030.
Supply constraints and acquisition risk are not unique to GE in this cycle. Lockheed Martin is navigating a similar gap between a record backlog and a stock sitting well below its peak.
What Could Go Wrong
The CPP acquisition has not closed. Regulatory conditions or a deal collapse would create near-term uncertainty. Larry Culp flagged supply as the primary constraint, with spare-parts delinquencies rising 20% and commercial engines and services margins falling 160 basis points in Q2. At about 37 times trailing earnings, GE needs execution to justify the multiple. A guidance reduction on Monday would be met harshly.
The Bottom Line
A $210 billion services backlog, about 21% expected EPS growth, defense revenue expanding at more than 20% year over year, and a stock sitting 19% off its high because of supply friction and a pending acquisition. Analyst estimates have firmed modestly heading into the report. GE has beaten the Street in four straight quarters. The fifth would close a significant gap between where the stock is and where most analysts think it belongs.
The structural tailwind beneath GE’s defense revenue line extends well beyond a single quarter. Global military budgets are expanding at a pace that locks in multi-year contract flow for aerospace and defense suppliers.
