Defense Stocks To Add to Your Watchlist - November 6th

Key Points

• MarketBeat’s defense-stock watchlist names Axon Enterprise, Rocket Lab, GE Aerospace, RBC Bearings, and Boeing, selected for having the highest recent dollar trading volume among defense stocks.
• The companies span several areas of the sector: Axon sells law-enforcement devices and evidence software; Rocket Lab provides launch and space systems; GE Aerospace and RBC Bearings supply aerospace and defense components; Boeing serves military and commercial markets.
• Friday’s trading was mixed: Axon and RBC Bearings fell, while Rocket Lab, GE Aerospace, and Boeing rose. Axon traded at $314.80, substantially below its reported 50-day average of $447.49.

Axon Enterprise, Rocket Lab, GE Aerospace, RBC Bearings, and Boeing are the five Defense stocks to watch today, according to MarketBeat's stock screener tool. Defense stocks are shares of publicly traded companies that supply military equipment, weapons, technology, or services to governments and armed forces. Investors may consider them a distinct sector because their performance can be influenced by defense spending, government contracts, and geopolitical events. These companies had the highest dollar trading volume of any Defense stocks within the last several days.

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.

NASDAQ AXON traded down $67.76 during trading on Friday, reaching $314.80. 2,514,411 shares of the company traded hands, compared to its average volume of 1,060,516. The company has a market cap of $25.57 billion, a price-to-earnings ratio of 130.99, a P/E/G ratio of 8.06 and a beta of 1.48. The stock's 50 day moving average price is $447.49 and its two-hundred day moving average price is $476.73. Axon Enterprise has a 1-year low of $308.11 and a 1-year high of $665.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.15.

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.

NASDAQ:RKLB traded up $4.97 on Friday, hitting $50.96. 8,321,744 shares of the stock were exchanged, compared to its average volume of 22,666,219. Rocket Lab has a 52 week low of $37.57 and a 52 week high of $151.00. The company's 50-day moving average price is $62.85 and its 200 day moving average price is $79.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.98 and a current ratio of 5.48. The stock has a market capitalization of $30.49 billion, a price-to-earnings ratio of -189.09 and a beta of 3.15.

Read Our Latest Research Report on RKLB

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 $7.84 during mid-day trading on Friday, reaching $322.57. The stock had a trading volume of 1,265,788 shares, compared to its average volume of 5,136,271. The firm has a 50 day simple moving average of $315.07 and a two-hundred day simple moving average of $323.07. GE Aerospace has a twelve month low of $268.91 and a twelve month high of $388.84. The firm has a market cap of $333.33 billion, a PE ratio of 37.24, a price-to-earnings-growth ratio of 2.24 and a beta of 1.43. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.96.

Read Our Latest Research Report on GE

RBC Bearings (ROLL)

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.

Shares of ROLL traded down $12.26 on Friday, hitting $464.79. The company's stock had a trading volume of 860,766 shares, compared to its average volume of 155,583. The firm has a market capitalization of $13.45 billion, a price-to-earnings ratio of 225.63 and a beta of 1.34. The firm's fifty day moving average price is $494.92 and its 200-day moving average price is $550.89. RBC Bearings has a fifty-two week low of $152.90 and a fifty-two week high of $264.94.

Read Our Latest Research Report on ROLL

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 up $0.27 during midday trading on Friday, hitting $172.77. The company's stock had a trading volume of 2,109,869 shares, compared to its average volume of 7,143,847. Boeing has a twelve month low of $165.01 and a twelve month high of $254.35. The company has a debt-to-equity ratio of 6.31, a current ratio of 1.13 and a quick ratio of 0.34. The company's fifty day moving average price is $193.12 and its 200 day moving average price is $215.79. The stock has a market capitalization of $136.91 billion, a P/E ratio of 18.81 and a beta of 1.34.

Read Our Latest Research Report on BA

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