Free Trial

Best Defense Stocks To Follow Today - November 7th

GE Aerospace logo with Industrials background
Image from MarketBeat Media, LLC.

Key Points

  • Seven high-trading-volume defense stocks highlighted: GE Aerospace, Axon Enterprise, Rocket Lab, Boeing, RTX, Howmet Aerospace and Lockheed Martin.
  • Friday trading diverged sharply: Axon fell $69.56 to $313, while Rocket Lab gained $7.08 to $53.07; GE Aerospace rose $8.81 to $323.54.
  • The companies span aerospace, military systems, space and law-enforcement technology. Defense stocks may benefit from long-term government contracts, but performance can be affected by budgets, regulation and geopolitical developments.
  • Five stocks we like better than GE Aerospace.

GE Aerospace, Axon Enterprise, Rocket Lab, Boeing, RTX, Howmet Aerospace, and Lockheed Martin are the seven Defense stocks to watch today, according to MarketBeat's stock screener tool. Defense stocks are shares of companies that supply military equipment, technology, services, or other products to governments and armed forces. Investors may view them as supported by long-term government contracts, though their performance can be affected by defense budgets, regulation, and geopolitical developments. These companies had the highest dollar trading volume of any Defense stocks within the last several days.

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 $8.81 during trading hours on Friday, reaching $323.54. The stock had a trading volume of 5,306,018 shares, compared to its average volume of 5,237,439. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.96. The firm has a market cap of $334.33 billion, a price-to-earnings ratio of 37.32, a P/E/G ratio of 2.15 and a beta of 1.43. The business's fifty day moving average price is $314.70 and its two-hundred day moving average price is $323.12. GE Aerospace has a 52-week low of $268.91 and a 52-week high of $388.84.

Read Our Latest Research Report on GE

Axon Enterprise (AXON)

Axon Enterprise, Inc. develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.

AXON traded down $69.56 during trading on Friday, hitting $313.00. 5,224,684 shares of the stock were exchanged, compared to its average volume of 975,165. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.15. The firm has a 50 day simple moving average of $441.53 and a 200 day simple moving average of $475.20. The firm has a market cap of $25.43 billion, a price-to-earnings ratio of 100.32, a P/E/G ratio of 8.09 and a beta of 1.48. Axon Enterprise has a 1 year low of $307.00 and a 1 year high of $665.07.

Read Our Latest Research Report on AXON

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 up $7.08 during mid-day trading on Friday, hitting $53.07. The stock had a trading volume of 20,657,666 shares, compared to its average volume of 19,481,548. Rocket Lab has a 12-month low of $37.57 and a 12-month high of $151.00. The firm has a market capitalization of $31.75 billion, a P/E ratio of -196.55 and a beta of 3.15. The firm's 50-day moving average is $62.56 and its two-hundred day moving average is $78.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.48 and a quick ratio of 4.98.

Read Our Latest Research Report on RKLB

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.

Shares of BA traded up $0.94 during midday trading on Friday, reaching $173.44. 6,235,738 shares of the stock were exchanged, compared to its average volume of 10,034,751. The company has a market capitalization of $137.44 billion, a P/E ratio of 18.87 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 0.34 and a debt-to-equity ratio of 6.31. Boeing has a 52 week low of $165.01 and a 52 week high of $254.35. The company's 50 day moving average is $192.39 and its two-hundred day moving average is $215.41.

Read Our Latest Research Report on BA

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 down $2.29 on Friday, hitting $189.59. The stock had a trading volume of 5,018,540 shares, compared to its average volume of 5,673,198. The company has a quick ratio of 0.81, a current ratio of 1.05 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average price of $193.46 and a 200 day moving average price of $195.52. The company has a market cap of $255.84 billion, a PE ratio of 30.78, a P/E/G ratio of 2.26 and a beta of 0.30. RTX has a one year low of $166.74 and a one year high of $226.88.

Read Our Latest Research Report on RTX

Howmet Aerospace (HWM)

Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.

NYSE:HWM traded up $4.89 during mid-day trading on Friday, reaching $205.79. The company's stock had a trading volume of 4,033,476 shares, compared to its average volume of 3,990,225. The company has a quick ratio of 0.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.70. Howmet Aerospace has a 1 year low of $183.52 and a 1 year high of $310.00. The stock has a fifty day moving average of $223.40 and a 200-day moving average of $248.22. The firm has a market capitalization of $81.83 billion, a PE ratio of 40.27, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31.

Read Our Latest Research Report on HWM

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.

NYSE LMT traded down $9.73 during trading on Friday, reaching $566.43. 1,387,287 shares of the company's stock traded hands, compared to its average volume of 1,562,060. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.26 and a quick ratio of 1.10. The firm has a market cap of $130.85 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.36 and a beta of 0.07. The company's 50 day simple moving average is $548.25 and its two-hundred day simple moving average is $569.65. Lockheed Martin has a 12-month low of $437.25 and a 12-month high of $692.00.

Read Our Latest Research Report on LMT

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in GE Aerospace Right Now?

Before you consider GE Aerospace, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GE Aerospace wasn't on the list.

While GE Aerospace currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Blue-Chip Stocks to Add To Your Forever Portfolio Cover

A strong long-term portfolio starts with companies that can survive recessions, inflation, changing consumer habits, and shifting market leadership.

This report names seven blue-chip stocks across technology, retail, consumer staples, healthcare, networking, sporting goods, and utilities that offer investors a mix of stability, income, growth, and staying power.

Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines