Promising Defense Stocks To Follow Now – June 8th

GE Aerospace, Boeing, and Rocket Lab USA are the three Defense stocks to watch today, according to MarketBeat’s stock screener tool. Defense stocks are equity shares of companies that design, produce, and maintain military equipment, weapons systems, aerospace platforms and related technologies, typically under government contracts. Investors often view them as a way to gain exposure to the stable, long-term demand generated by national defense budgets. These companies had the highest dollar trading volume of any Defense stocks within the last several days.

GE Aerospace (GE)

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.

Shares of NYSE:GE traded up $3.79 during trading on Friday, hitting $255.71. The stock had a trading volume of 5,792,957 shares, compared to its average volume of 5,379,575. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $257.47. The stock has a market capitalization of $272.69 billion, a price-to-earnings ratio of 42.69, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock has a 50-day simple moving average of $209.94 and a two-hundred day simple moving average of $196.21.

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 $2.01 during trading on Friday, hitting $211.03. The stock had a trading volume of 6,069,723 shares, compared to its average volume of 9,239,457. Boeing has a 12-month low of $128.88 and a 12-month high of $215.80. The stock has a market capitalization of $159.12 billion, a price-to-earnings ratio of -11.52 and a beta of 1.43. The stock has a 50-day simple moving average of $182.59 and a two-hundred day simple moving average of $174.84.

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.

Shares of NASDAQ:RKLB traded up $2.47 during trading on Friday, hitting $28.92. The stock had a trading volume of 34,039,139 shares, compared to its average volume of 16,684,045. The stock has a 50-day simple moving average of $22.59 and a two-hundred day simple moving average of $23.67. 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 $13.12 billion, a price-to-earnings ratio of -78.16 and a beta of 2.08. Rocket Lab USA has a 12-month low of $4.20 and a 12-month high of $33.34.