Rolls-Royce shares actually fell by 3% in April amid a flurry of conflicting news stories. Dr James Fox takes a closer look at the engineering giant. The post Why Rolls-Royce shares dropped in April but GE Aerospace stock surged! appeared first on The Motley Fool UK.
April has been a tough month for stock investors. The index is on track to fall more than 3% in April; the drop has been largely driven by hotter-than-expected inflation data that have eroded investors’ hopes that the Federal Reserve would cut interest rates as soon as this summer. GE Aerospace was the best-performing stock in the S&P 500 in April after the aircraft company had an exciting couple of weeks.
A Relative Strength Rating upgrade for GE Vernova shows improving technical performance. Will it continue?