Defense Stocks To Watch - March 19

Investors are looking closely at several key defense stocks this March. According to recent data, Boeing, Cadence Design Systems, Citigroup, General Electric, RTX, Northrop Grumman, and Lockheed Martin are the focus today. These companies are involved in producing, supplying, or supporting military equipment, technology, and services critical to national defense. Their operations range from manufacturing aircraft and ships to providing cybersecurity solutions and electronic systems, highlighting their importance within the defense sector of the stock market.

Boeing (BA)

Boeing, a major player in aerospace and defense, designs and manufactures commercial jetliners, military aircraft, satellites, and defense systems. The company's stock performed positively recently, trading at $172.14, reflecting an increase of $10.57. During this trading session, 7,168,598 shares changed hands, slightly below the average volume. Boeing's market capitalization stands at approximately $129.12 billion, while it has a price-to-earnings ratio of -9.40.

Cadence Design Systems (CDNS)

Cadence offers an array of software and services for integrated circuit design and verification. Shares traded up by $8.15, reaching $262.03, with a total trading volume of over 1 million shares. The company's market cap is around $71.82 billion, with a price-to-earnings ratio of 67.72.

Citigroup (C)

Citigroup provides a broad range of financial services to various clients globally. Recently, shares increased by $0.97, closing at $71.19, with a trading volume of nearly 3 million shares. Citigroup's market capitalization is approximately $134.16 billion, and it has a price-to-earnings ratio of 11.95.

General Electric (GE)

General Electric is known for developing commercial and defense aircraft engines and various mechanical systems. The stock rose by $3.71 during trade, reaching $204.50. The company has a market cap of about $219.49 billion, with a P/E ratio of 34.11.

RTX (RTX)

RTX Corporation, recently traded at $134.80 after rising by $2.11. This aerospace and defense firm has a market cap of approximately $179.96 billion, along with a P/E ratio of 37.96.

Northrop Grumman (NOC)

Northrop Grumman specializes in aerospace and defense technology and saw its shares decrease slightly, trading at $489.53. The company's market capitalization is about $70.86 billion, with a P/E ratio of 17.28.

Lockheed Martin (LMT)

Lockheed Martin continues to be a significant player in aerospace and security, recently trading at $472.02 after increasing by $2.74. Its market cap is approximately $111.11 billion, with a P/E ratio of 21.21.

As defense spending continues to be a priority for governments worldwide, these stocks present compelling opportunities for investors interested in the defense sector.

Defense, Stocks, Investing