Defense Stocks Worth Watching – March 18th

Citigroup, Boeing, and Corning are the three Defense stocks to watch today, according to MarketBeat’s stock screener tool. Defense stocks refer to shares of companies that manufacture products and provide services related to national defense and security, such as military equipment, aerospace technology, and cybersecurity systems. These companies play a vital role in producing advanced technology and weaponry, and their performance is often influenced by government defense spending and geopolitical developments. These companies had the highest dollar trading volume of any Defense stocks within the last several days.

Citigroup (C)

Citigroup Inc., a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.

Shares of C traded up $0.04 during trading hours on Tuesday, hitting $69.98. The company had a trading volume of 3,856,537 shares, compared to its average volume of 13,288,503. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $131.88 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43. Citigroup has a one year low of $53.51 and a one year high of $84.74. The company’s fifty day moving average price is $77.58 and its two-hundred day moving average price is $70.06.

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.

BA traded down $1.50 on Tuesday, hitting $160.35. The company had a trading volume of 1,578,796 shares, compared to its average volume of 8,580,238. The stock has a market capitalization of $120.27 billion, a price-to-earnings ratio of -8.73 and a beta of 1.53. The stock has a fifty day moving average price of $173.05 and a 200-day moving average price of $163.49. Boeing has a 12-month low of $137.03 and a 12-month high of $196.95.

Corning (GLW)

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.

Shares of NYSE:GLW traded up $0.41 during trading on Tuesday, reaching $47.27. The stock had a trading volume of 5,186,763 shares, compared to its average volume of 5,433,493. The firm’s 50-day simple moving average is $49.85 and its 200 day simple moving average is $47.53. The company has a current ratio of 1.62, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. Corning has a one year low of $30.72 and a one year high of $55.33. The company has a market capitalization of $40.49 billion, a P/E ratio of 81.59, a PEG ratio of 1.50 and a beta of 1.03.