Best Defense Stocks To Follow Today – May 8th

Boeing, GE Aerospace, Citigroup, Skyworks Solutions, and Lockheed Martin 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, and supply military equipment, weapons systems, cybersecurity solutions, and related technologies to government and allied defense agencies. They often benefit from relatively stable and predictable government defense budgets, giving them defensive characteristics and potentially steady revenue streams even during broader 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.

NYSE BA traded up $9.10 on Thursday, reaching $194.66. 7,301,498 shares of the stock traded hands, compared to its average volume of 9,023,503. Boeing has a 12 month low of $128.88 and a 12 month high of $196.95. The company has a fifty day moving average price of $165.87 and a 200-day moving average price of $166.38. The company has a market cap of $146.78 billion, a price-to-earnings ratio of -10.56 and a beta of 1.41.

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 $6.69 during midday trading on Thursday, reaching $216.61. 1,851,937 shares of the company’s stock traded hands, compared to its average volume of 5,347,251. GE Aerospace has a one year low of $150.20 and a one year high of $216.74. The stock’s 50 day simple moving average is $194.66 and its 200-day simple moving average is $187.47. The company has a market cap of $230.99 billion, a price-to-earnings ratio of 36.14, a P/E/G ratio of 2.59 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

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.

Shares of C stock traded up $1.79 during mid-day trading on Thursday, hitting $72.04. 3,879,460 shares of the stock traded hands, compared to its average volume of 14,361,719. The stock’s fifty day moving average is $67.68 and its two-hundred day moving average is $71.33. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. Citigroup has a 52-week low of $53.51 and a 52-week high of $84.74. The stock has a market cap of $135.59 billion, a P/E ratio of 12.11, a P/E/G ratio of 0.64 and a beta of 1.30.

Skyworks Solutions (SWKS)

Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.

Shares of SWKS traded up $1.79 during trading hours on Thursday, reaching $68.67. 2,824,918 shares of the company traded hands, compared to its average volume of 2,846,037. Skyworks Solutions has a 12-month low of $47.93 and a 12-month high of $120.86. The stock has a market capitalization of $10.77 billion, a P/E ratio of 21.03, a P/E/G ratio of 1.79 and a beta of 1.18. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average price of $62.99 and a 200-day moving average price of $77.64.

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.

LMT stock traded up $6.67 during midday trading on Thursday, hitting $477.99. 335,187 shares of the stock traded hands, compared to its average volume of 1,258,735. The stock’s fifty day simple moving average is $460.89 and its 200-day simple moving average is $485.07. The firm has a market cap of $111.99 billion, a P/E ratio of 21.49, a PEG ratio of 2.07 and a beta of 0.29. Lockheed Martin has a 1-year low of $418.88 and a 1-year high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.