Promising Defense Stocks To Follow Now – May 9th

Boeing, Rocket Lab USA, and Analog Devices are the three Defense stocks to watch today, according to MarketBeat’s stock screener tool. Defense stocks are shares of companies engaged in the design, development and manufacture of military weapons, equipment and support services. Their performance is closely tied to government defense budgets and geopolitical tensions. Investors often turn to defense stocks for exposure to national security spending and potential portfolio diversification. 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.

Shares of NYSE:BA traded up $1.00 on Friday, hitting $192.70. 3,048,168 shares of the company’s stock were exchanged, compared to its average volume of 9,043,128. Boeing has a 1-year low of $128.88 and a 1-year high of $196.95. The firm’s 50-day moving average is $166.31 and its 200 day moving average is $166.60. The company has a market capitalization of $145.30 billion, a PE ratio of -10.52 and a beta of 1.41.

Rocket Lab USA (RKLB)

Rocket Lab USA, Inc., a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.

NASDAQ:RKLB traded down $2.04 during mid-day trading on Friday, reaching $21.06. 20,007,833 shares of the stock were exchanged, compared to its average volume of 15,559,547. Rocket Lab USA has a 1 year low of $3.98 and a 1 year high of $33.34. The company has a quick ratio of 2.16, a current ratio of 2.58 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $9.55 billion, a P/E ratio of -56.92 and a beta of 2.04. The company has a 50 day simple moving average of $19.66 and a 200-day simple moving average of $21.91.

Analog Devices (ADI)

Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.

Shares of ADI stock traded up $4.95 during midday trading on Friday, hitting $207.73. The company had a trading volume of 1,534,183 shares, compared to its average volume of 3,472,022. The stock has a market cap of $103.03 billion, a price-to-earnings ratio of 66.16, a PEG ratio of 2.85 and a beta of 0.98. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. Analog Devices has a 52-week low of $158.65 and a 52-week high of $247.10. The company’s 50 day simple moving average is $196.41 and its 200 day simple moving average is $210.81.