Promising Defense Stocks To Follow Now - August 7th

Key Points

• Boeing, Citigroup, GE Aerospace, Corning, and Celestica are highlighted as the top defense stocks to watch, with their performance closely tied to government defense budgets and political priorities.
• Boeing recently traded at $225.18, witnessing a trading volume below its average, while maintaining a market capitalization of $170.27 billion.
• Citigroup shares fell to $91.40 on Thursday, with a market capitalization of $170.71 billion and a P/E ratio of 13.50, reflecting its diversified financial services across multiple segments.

Boeing, Citigroup, GE Aerospace, Corning, and Celestica are the five Defense stocks to watch today, according to MarketBeat's stock screener tool. Defense stocks are shares of publicly traded companies that design, manufacture or service military equipment, weapons systems and related technologies funded largely by government defense budgets. These equities tend to offer relatively stable revenues and dividends thanks to long‐term government contracts, but their performance can be sensitive to changes in political priorities and defense spending levels. 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.

Shares of Boeing stock traded up $0.14 during trading on Thursday, hitting $225.18. 2,709,664 shares of the company were exchanged, compared to its average volume of 8,518,428. The firm's fifty day moving average price is $216.56 and its 200 day moving average price is $189.82. The firm has a market capitalization of $170.27 billion, a P/E ratio of -13.61 and a beta of 1.48. Boeing has a 1-year low of $128.88 and a 1-year high of $242.69.

Read Our Latest Research Report on BA

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 $0.83 during trading hours on Thursday, reaching $91.40. 5,190,349 shares of the company's stock were exchanged, compared to its average volume of 15,856,177. The company has a market capitalization of $170.71 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 0.79 and a beta of 1.38. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.98 and a current ratio of 0.99. Citigroup has a one year low of $55.51 and a one year high of $96.90. The company's 50-day moving average is $85.40 and its two-hundred day moving average is $77.25.

Read Our Latest Research Report on C

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 down $2.37 during mid-day trading on Thursday, reaching $269.92. 1,529,361 shares of the stock were exchanged, compared to its average volume of 6,119,235. GE Aerospace has a one year low of $159.36 and a one year high of $277.00. 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 $254.17 and its 200-day simple moving average is $220.28. The company has a market cap of $286.23 billion, a P/E ratio of 37.53, a P/E/G ratio of 2.93 and a beta of 1.44.

Read Our Latest Research Report on GE

Corning (GLW)

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.

Corning stock traded up $0.53 during mid-day trading on Thursday, reaching $64.51. The company's stock had a trading volume of 6,175,941 shares, compared to its average volume of 5,682,798. The business's 50 day simple moving average is $53.59 and its 200 day simple moving average is $49.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.50. Corning has a 12 month low of $37.31 and a 12 month high of $66.50. The company has a market capitalization of $55.26 billion, a price-to-earnings ratio of 68.51, a price-to-earnings-growth ratio of 1.61 and a beta of 1.08.

Read Our Latest Research Report on GLW

Celestica (CLS)

Celestica Inc. provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.

Shares of Celestica stock traded up $2.02 on Thursday, reaching $200.65. 1,741,457 shares of the company were exchanged, compared to its average volume of 4,409,601. The company has a 50-day moving average of $152.56 and a 200 day moving average of $118.47. Celestica has a one year low of $40.65 and a one year high of $214.47. The company has a market capitalization of $23.07 billion, a price-to-earnings ratio of 43.26 and a beta of 1.80. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.

Read Our Latest Research Report on CLS

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