Promising Defense Stocks To Add to Your Watchlist - March 30th

Today, three defense stocks stand out as promising options to watch: Boeing, General Electric, and Citigroup, based on data from a stock screener tool. Defense stocks are shares in companies that create military equipment, technology, and services aimed at national defense. Such companies frequently collaborate with government entities, making their performance influenced by factors like government budgets and global security issues. Recent trading activity has shown these companies had the highest dollar volumes among defense stocks over the past few days.

Boeing (BA)

The Boeing Company, along with its subsidiaries, is involved in various sectors including designing, developing, manufacturing, selling, servicing, and supporting commercial airplanes, military jets, satellites, missile defense systems, and human spaceflight. The company's operations span three main segments: Commercial Airplanes, Defense, Space & Security, and Global Services.

Recently, shares of BA saw a decrease of $6.13 midday on Friday, dropping to $172.98. The trading volume reached 8,204,731 shares, close to its average of 8,787,596. Boeing's market capitalization is approximately $129.74 billion, reflecting a price-to-earnings ratio of -9.44 and a beta value of 1.53. The stock has fluctuated between a 12-month low of $137.03 and a high of $196.95. Notably, its fifty-day moving average is $173.98, while the 200-day moving average stands at $164.20.

General Electric (GE)

General Electric, commonly referred to as GE Aerospace, is a manufacturer of commercial and defense aircraft engines and integrated engine components. The company also provides support services for these products, operating across the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.

On Friday, General Electric stock dipped by $6.22 to $199.66 during midday trading. The trading volume was 5,178,092 shares, slightly below its average of 5,492,374. GE’s market capitalization is around $214.29 billion, featuring a price-to-earnings ratio of 33.33 and a P/E/G ratio of 2.59, with a beta of 1.19. The stock's trading range over the last year has been from a low of $133.99 to a high of $214.21, while its 50-day and 200-day moving averages are $201.52 and $186.50, respectively.

Citigroup (C)

Citigroup Inc. operates as a diversified financial service holding company, providing a wide range of financial products and services to consumers, corporations, governments, and institutions globally. It has five main segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth.

On Friday, Citigroup experienced a drop of $1.57, trading at $70.28. A total of 13,627,552 shares changed hands, nearly in line with its average volume of 13,835,686. The company possesses a market cap of $132.28 billion, a P/E ratio of 11.81, and a P/E/G ratio of 0.64, with a beta of 1.43. Citigroup's quick and current ratios are both at 0.96, with a debt-to-equity ratio of 1.50. The stock showcases a 12-month trading range from a low of $53.51 to a high of $84.74, with a 50-day moving average at $77.06 and a 200-day moving average at $70.72.

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