Defense Stocks to Watch - March 19th

As of March 19th, several defense stocks are on the radar of investors. According to MarketBeat's stock screener tool, the companies to keep an eye on include Boeing, Cadence Design Systems, Citigroup, General Electric, RTX, Northrop Grumman, and Lockheed Martin. These companies are integral to the defense sector, involved in producing, supplying, or supporting military equipment, technology, and services for national defense initiatives.

Defense stocks often manufacture a variety of items, including aircraft, ships, electronic systems, and cybersecurity offerings, which form the backbone of a country’s military capabilities. Recently, these companies have shown significant trading activity, indicating heightened interest from investors.

Boeing (BA)

The Boeing Company is a major player in aerospace, dealing with commercial and military aircraft, satellites, missile defense systems, and launch services around the globe. Boeing operates through various segments, including Commercial Airplanes and Defense, Space & Security.

On Wednesday, Boeing's stock traded up $10.57 to reach $172.14, with a trading volume of 7,168,598 shares, close to its usual activity. Over the past year, Boeing's stock has fluctuated between a low of $137.03 and a high of $196.95. Its current market cap stands at $129.12 billion.

Cadence Design Systems (CDNS)

Cadence Design Systems provides essential software, hardware, and services for integrated circuit design globally. Their offerings include sophisticated verification tools used in chip design to ensure functionality.

On Wednesday, Cadence shares rose by $8.15, bringing them to $262.03, with a total trading volume of 1,008,650 shares. Over the past year, this stock has a low of $230.09 and a high of $328.99, leading to a market cap of $71.82 billion.

Citigroup (C)

Citigroup Inc. is a diverse financial services corporation that caters to consumer and corporate banking, wealth management, and more. Its services range from cash management to securities services.

On Wednesday, Citigroup saw an increase of $0.97 per share, reaching $71.19, with trading volume of 2,882,295 shares. The company's market cap has grown to $134.16 billion, with a price-to-earnings ratio of 11.95.

General Electric (GE)

General Electric operates in a variety of industries, including aerospace, producing both commercial and military engines. Additionally, GE offers support services to maintain its products.

On Wednesday, GE stock increased by $3.71, hitting $204.50, with 827,076 shares exchanging hands. GE's market cap is around $219.49 billion, and its stock has performed well over the last year, with lows at $133.99 and highs at $212.19.

RTX (RTX)

RTX Corporation, comprising various segments like Collins Aerospace, focuses on providing systems and service solutions for both commercial and military operations.

This past Wednesday, RTX shares climbed by $2.11, reaching $134.80, with 1,140,972 shares traded. The firm holds a market cap of $179.96 billion, with a one-year trading range between $94.03 and $135.36.

Northrop Grumman (NOC)

Northrop Grumman is recognized for its aerospace and defense technology innovations, covering areas from aircraft systems to unmanned vehicles and integrated warfare systems.

On Wednesday, Northrop Grumman's stock decreased by $0.28, adjusting to $489.53, with a trading volume of 228,525 shares. The company's market cap is approximately $70.86 billion, with a P/E ratio of 17.28.

Lockheed Martin (LMT)

Lockheed Martin specializes in aerospace, defense, and technology, with a focus on designing, developing, and manufacturing advanced technology systems and services.

On Wednesday, its shares rose by $2.74, reaching $472.02, trading 227,009 shares. Lockheed Martin's current market cap stands at $111.11 billion, with its stock seeing a yearly low of $419.70 and a high of $618.95.

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