Best Defense Stocks To Keep An Eye On - July 29th

Key Points

• Boeing, Celestica, and Cadence Design Systems are identified as key Defense stocks to monitor due to their high trading volumes and strong ties to government defense contracts.
• Boeing's stock has a 12-month range from $128.88 to $242.69, with a market cap of $173.34 billion, while Celestica and Cadence have market caps of $23.06 billion and $99.26 billion, respectively.
• Cadence Design Systems recently saw a notable increase in share price, trading up to $363.55, reflecting its solid position in the software and hardware design sector within the defense industry.

Boeing, Celestica, and Cadence Design Systems are the three Defense stocks to watch today, according to MarketBeat's stock screener tool. Defense stocks are shares of publicly traded companies whose core business is designing, manufacturing, and supplying military and homeland-security goods and services—ranging from aircraft and armored vehicles to weapons systems, cybersecurity, and intelligence equipment. These firms derive most of their revenue from government defense contracts and budgets, making their performance closely tied to national security spending and geopolitical developments. These companies had the highest dollar trading volume of any Defense stocks within the last several days.

Boeing (BA)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.

BA stock traded down $6.52 during mid-day trading on Tuesday, reaching $229.89. 12,810,394 shares of the company's stock were exchanged, compared to its average volume of 8,574,560. The stock's 50 day moving average is $213.63 and its 200 day moving average is $187.41. Boeing has a 12-month low of $128.88 and a 12-month high of $242.69. The company has a market cap of $173.34 billion, a price-to-earnings ratio of -12.83 and a beta of 1.41.

Read Our Latest Research Report on BA

Celestica (CLS)

Celestica Inc. provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.

Shares of NYSE CLS traded up $27.19 during midday trading on Tuesday, hitting $200.56. The stock had a trading volume of 9,455,773 shares, compared to its average volume of 4,402,295. The company has a market capitalization of $23.06 billion, a PE ratio of 55.27 and a beta of 1.81. Celestica has a 1 year low of $40.25 and a 1 year high of $208.66. The stock has a 50 day simple moving average of $141.07 and a 200-day simple moving average of $114.10. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.59.

Read Our Latest Research Report on CLS

Cadence Design Systems (CDNS)

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.

Cadence Design Systems stock traded up $29.79 during trading on Tuesday, reaching $363.55. 2,646,960 shares of the company were exchanged, compared to its average volume of 2,064,322. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.07 and a quick ratio of 2.90. The company has a market capitalization of $99.26 billion, a P/E ratio of 92.04, a PEG ratio of 4.62 and a beta of 0.99. The stock's 50 day simple moving average is $309.66 and its two-hundred day simple moving average is $288.77. Cadence Design Systems has a 52-week low of $221.56 and a 52-week high of $370.61.

Read Our Latest Research Report on CDNS

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