Best Defense Stocks To Watch Today - March 8th

Today, investors are looking closely at five key defense stocks, identified through MarketBeat's stock screener tool. These stocks are Boeing, General Electric, Citigroup, Lockheed Martin, and Analog Devices. Defense stocks represent shares in companies that produce or supply products and services for national defense and military use, including advanced technologies, weaponry, and security systems. Due to their significant role in enhancing national security, the performance of these companies can be heavily affected by government budgets and global political dynamics.

Boeing (BA)

The Boeing Company specializes in designing and manufacturing a variety of aerospace technology, including commercial jetliners and military aircraft, as well as satellites and missile defense systems. The company operates in several segments such as Commercial Airplanes, Defense, Space & Security, and Global Services.

As of midday trading on Friday, Boeing shares were down by $4.24, landing at $154.20. The trading volume reached 12,519,714 shares, surpassing its average of 7,846,522. With a market capitalization of $115.66 billion, Boeing shows a twelve-month price range from $137.03 to $203.80. The company's 50-day moving average price is $175.03, while the 200-day moving average price sits at $164.27.

General Electric (GE)

General Electric, operating under the name GE Aerospace, focuses on designing and producing engines for commercial and military aircraft, alongside delivering support through aftermarket services. This corporation has a broad operational reach across various global markets, including the Americas, Europe, and Asia.

During midday trading on Friday, GE shares traded down by $1.97, reaching $194.08. The trading volume was 7,681,174 shares, compared to an average of 5,375,542. The company's market capitalization is $208.31 billion, with prices fluctuating between $130.38 and $212.19 over the past year.

Citigroup (C)

Citigroup Inc. serves as a diversified financial services company, offering a range of financial products to consumers and corporations globally. Citigroup operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth Management.

In midday trading on Friday, Citigroup shares saw a slight decline of $0.03, landing at $70.55. The traded volume of 18,209,688 shares was above the average of 16,126,045. Citigroup's market cap stands at $132.94 billion, with shares ranging from $53.51 to $84.74 in the past year.

Lockheed Martin (LMT)

Lockheed Martin Corporation is engaged in the aerospace and security sector, focusing on the design, development, and manufacture of advanced technology systems. Lockheed Martin operates through various segments, which include Aeronautics and Missiles and Fire Control.

On Friday, LMT stock traded upward by $12.81, reaching $474.31. The company's trading volume was 2,168,686 shares, exceeding its average of 1,112,825. Lockheed Martin has a market cap of $111.65 billion, with shares having fluctuated between $419.70 and $618.95 over the last year.

Analog Devices (ADI)

Analog Devices Inc. designs and manufactures integrated circuits and subsystems for various applications in automotive and communications, among others. Their technology translates analog signals into digital data and vice versa.

As of midday trading on Friday, ADI stock increased by $3.09, reaching $225.86 with a trading volume of 4,062,383 shares, slightly higher than its average of 3,933,993. The market cap of Analog Devices stands at $112.02 billion, with a 12-month price range from $182.57 to $247.10.

These five defense stocks are worth watching due to their strategic importance and the potential influence of government spending and global security trends on their market performance.

stocks, defense, Boeing, GeneralElectric, Citigroup, LockheedMartin, AnalogDevices