Promising Defense Stocks To Consider - June 6th

Rocket Lab USA, GE Aerospace, and Boeing are the three Defense stocks to watch today, according to MarketBeat's stock screener tool. Defense stocks are shares of companies that research, develop, manufacture, and support military equipment, weapons systems, aerospace platforms, and related technologies for national defense agencies. Often called defense contractors, these firms’ revenues and stock performance are closely tied to government defense budgets and geopolitical developments. These companies had the highest dollar trading volume of any Defense stocks within the last several days.

Rocket Lab USA (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 NASDAQ:RKLB traded up $1.90 during mid-day trading on Friday, hitting $28.35. 20,174,668 shares of the company traded hands, compared to its average volume of 16,524,833. Rocket Lab USA has a 12-month low of $4.20 and a 12-month high of $33.34. The company has a current ratio of 2.58, a quick ratio of 2.16 and a debt-to-equity ratio of 0.97. The stock has a market cap of $12.86 billion, a P/E ratio of -76.17 and a beta of 2.08. The stock has a 50-day moving average price of $22.37 and a two-hundred day moving average price of $23.59.

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 GE Aerospace stock traded up $4.40 during mid-day trading on Friday, hitting $256.32. 2,191,123 shares of the stock were exchanged, compared to its average volume of 5,351,391. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $257.41. The company has a 50-day simple moving average of $208.91 and a 200 day simple moving average of $195.55. The company has a market capitalization of $273.34 billion, a P/E ratio of 42.74, a P/E/G ratio of 2.59 and a beta of 1.38. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

Read Our Latest Research Report on GE

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 $0.43 on Friday, reaching $209.45. 1,937,329 shares of the company's stock traded hands, compared to its average volume of 9,187,050. The stock's 50 day simple moving average is $181.73 and its two-hundred day simple moving average is $174.19. The stock has a market cap of $157.92 billion, a PE ratio of -11.43 and a beta of 1.41. Boeing has a 52-week low of $128.88 and a 52-week high of $215.80.

Read Our Latest Research Report on BA

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