Promising Defense Stocks To Add to Your Watchlist - August 15th

Key Points

• Boeing, GE Aerospace, and Citigroup are identified as the top defense stocks to monitor, with strong trading volumes indicating investor interest in these companies.
• Boeing's stock recently traded at $235.47, reflecting a market capitalization of $178.05 billion, while GE Aerospace has a market cap of $284.57 billion.
• Investors view defense stocks as relatively stable investments, given their resilience during economic downturns and consistent government defense budgets.

Boeing, GE Aerospace, and Citigroup are the three Defense stocks to watch today, according to MarketBeat's stock screener tool. Defense stocks are shares of publicly traded companies that design, manufacture, and support military equipment, weapons systems, and related defense services for government and armed forces. They typically include firms specializing in aerospace, naval vessels, defense electronics, and cybersecurity. Investors often view defense stocks as relatively stable because government defense budgets tend to remain consistent even during economic downturns. 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.

Boeing stock traded up $2.28 during midday trading on Friday, reaching $235.47. The stock had a trading volume of 2,830,403 shares, compared to its average volume of 8,404,493. Boeing has a 12 month low of $128.88 and a 12 month high of $242.69. The company has a fifty day moving average price of $218.96 and a two-hundred day moving average price of $192.09. The company has a market capitalization of $178.05 billion, a P/E ratio of -14.28 and a beta of 1.48.

Read Our Latest Research Report on BA

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 GE stock traded down $1.35 on Friday, reaching $268.35. The company's stock had a trading volume of 2,324,657 shares, compared to its average volume of 6,058,863. 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 company has a market capitalization of $284.57 billion, a P/E ratio of 37.40, a PEG ratio of 2.89 and a beta of 1.44. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $281.50. The stock's 50 day simple moving average is $257.20 and its 200-day simple moving average is $223.67.

Read Our Latest Research Report on GE

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.

NYSE C traded down $1.23 during mid-day trading on Friday, reaching $94.23. The stock had a trading volume of 4,453,559 shares, compared to its average volume of 15,797,521. Citigroup has a 1 year low of $55.51 and a 1 year high of $96.90. The company has a fifty day moving average price of $87.52 and a 200 day moving average price of $77.76. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $173.46 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 0.81 and a beta of 1.38.

Read Our Latest Research Report on C

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