Defense Stocks To Follow Now - July 27th

Key Points

• Citigroup, GE Aerospace, Boeing, Lockheed Martin, Cadence Design Systems, RTX, and Rocket Lab are the top defense stocks to watch, reflecting high trading volumes and potential stability amid economic fluctuations.
• Investors favor defense-related investments due to their alignment with national security spending, which tends to be less volatile compared to other sectors due to long-term contracts.
• Shares of Lockheed Martin and Boeing experienced notable increases in trading, reaching $421.60 and $233.02 respectively, indicating positive sentiment in the defense industry.

Citigroup, GE Aerospace, Boeing, Lockheed Martin, Cadence Design Systems, RTX, and Rocket Lab are the seven Defense stocks to watch today, according to MarketBeat's stock screener tool. Defense stocks are shares of publicly traded companies that design, manufacture, and supply military equipment, weapons systems, and related services to government defense departments. Investors often view them as a way to gain exposure to national security spending, which can remain relatively stable even when broader economic growth slows. Because defense budgets are typically governed by long-term contracts, these stocks can exhibit lower volatility compared with other sectors. These companies had the highest dollar trading volume of any Defense stocks within the last several days.

Citigroup (C)

Citigroup Inc., a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.

Shares of NYSE C traded up $0.65 during mid-day trading on Friday, hitting $96.04. 13,537,763 shares of the company's stock traded hands, compared to its average volume of 16,283,003. The company's 50-day moving average is $82.36 and its two-hundred day moving average is $76.27. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.98. The company has a market capitalization of $179.37 billion, a P/E ratio of 14.19, a PEG ratio of 0.83 and a beta of 1.34. Citigroup has a 1 year low of $53.51 and a 1 year high of $96.90.

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GE Aerospace (GE)

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.

Shares of NYSE GE traded up $3.27 during midday trading on Friday, reaching $271.28. 4,597,132 shares of the company's stock traded hands, compared to its average volume of 7,770,745. The company has a market cap of $287.67 billion, a price-to-earnings ratio of 37.84, a P/E/G ratio of 3.11 and a beta of 1.37. GE Aerospace has a one year low of $150.20 and a one year high of $272.83. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock's 50 day simple moving average is $248.37 and its 200-day simple moving average is $215.30.

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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.

NYSE BA traded up $1.75 on Friday, reaching $233.02. 4,613,746 shares of the company's stock traded hands, compared to its average volume of 7,181,941. The stock has a 50 day moving average price of $213.01 and a 200-day moving average price of $186.85. The firm has a market cap of $175.70 billion, a price-to-earnings ratio of -13.00 and a beta of 1.41. Boeing has a fifty-two week low of $128.88 and a fifty-two week high of $235.27.

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Lockheed Martin (LMT)

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.

Shares of Lockheed Martin stock traded up $1.05 during trading hours on Friday, reaching $421.60. The stock had a trading volume of 2,458,783 shares, compared to its average volume of 1,823,272. The stock's 50 day moving average is $465.80 and its 200 day moving average is $462.67. The firm has a market capitalization of $98.43 billion, a PE ratio of 23.74, a PEG ratio of 1.45 and a beta of 0.28. Lockheed Martin has a twelve month low of $410.11 and a twelve month high of $618.95. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 3.47.

Read Our Latest Research Report on LMT

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.

Shares of Cadence Design Systems stock traded up $7.55 during trading hours on Friday, reaching $332.19. The stock had a trading volume of 2,717,600 shares, compared to its average volume of 1,472,914. The firm has a market capitalization of $90.70 billion, a PE ratio of 84.10, a PEG ratio of 4.62 and a beta of 0.99. The stock's 50 day moving average is $309.39 and its 200 day moving average is $288.63. The company has a current ratio of 3.07, a quick ratio of 2.90 and a debt-to-equity ratio of 0.52. Cadence Design Systems has a twelve month low of $221.56 and a twelve month high of $335.16.

Read Our Latest Research Report on CDNS

RTX (RTX)

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.

Shares of RTX stock traded up $1.64 on Friday, reaching $156.86. 4,727,235 shares of the company were exchanged, compared to its average volume of 4,909,235. The company has a market cap of $209.96 billion, a price-to-earnings ratio of 34.47, a P/E/G ratio of 2.89 and a beta of 0.64. The business has a 50-day moving average price of $143.48 and a 200 day moving average price of $132.93. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX has a 1 year low of $112.27 and a 1 year high of $157.33.

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Rocket Lab (RKLB)

Rocket Lab USA, Inc., a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.

Shares of RKLB stock traded down $0.70 on Friday, reaching $47.43. 14,499,283 shares of the company were exchanged, compared to its average volume of 25,171,824. The company has a market cap of $21.89 billion, a price-to-earnings ratio of -118.58 and a beta of 2.15. The business has a 50-day moving average price of $33.89 and a 200 day moving average price of $26.53. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.72 and a current ratio of 2.08. Rocket Lab has a 1 year low of $4.20 and a 1 year high of $53.44.

Read Our Latest Research Report on RKLB