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Here's Why Morgan Stanley Still Thinks It's Good Time To Buy Defense Stocks
Friday, January 20, 2023 - 3:59pm | 567Morgan Stanley analyst Kristine T Liwag said after defense stocks closed up 20% in 2022 versus the S&P down 19%, the sector has since underperformed the broader market by 6.5% in the new year. The move lower in 2023 has partly been driven by a shift in sentiment after reports emerged...
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Top 5 Industrials Stocks That May Jump
Tuesday, January 17, 2023 - 9:35am | 571The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it...
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Tesla To Rally Around 20%? Here Are 10 Other Analyst Forecasts For Friday
Friday, January 13, 2023 - 9:14am | 547Keybanc boosted the price target for KLA Corporation (NASDAQ: KLAC) from $410 to $468. Keybanc analyst Steve Barger maintained an Overweight rating on the stock. KLA shares fell 0.1% to close at $419.07 on Thursday. RBC Capital cut the price target for Lennar Corporation (NYSE: LEN) from $79...
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Lockheed Martin Backed Space Startup Suffers Failure During Maiden Mission
Wednesday, January 11, 2023 - 9:21am | 375A rocket operated by California-based space startup ABL Space Systems' maiden RS1 rocket mission failed after it was launched on Tuesday from the Pacific Spaceport Center in Alaska, after delays late last year. The RS1 rocket, according to the ABL Space Systems website, is designed...
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Dow Rises Over 300 Points; US Adds 223,000 Jobs In December
Friday, January 6, 2023 - 11:27am | 1015U.S. stocks traded higher this morning, with the Dow Jones gaining more than 300 points on Friday. Following the market opening Friday, the Dow traded up 1.02% to 33,265.17 while the NASDAQ rose 0.72% to 10,379.71. The S&P 500 also rose, gaining, 1.03% to 3,847.29. Check This Out: 5 Tech...
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Elon Musk Tells Employees Tesla Will Be 'Most Valuable Company On Earth, Sam Bankman-Fried Set To Enter Plea On Fraud Case, Twitter 'Should Feel Faster': Today's Top Stories
Thursday, December 29, 2022 - 8:59am | 2004Reuters Elon Musk Tells Employees Tesla Will Be 'Most Valuable Company On Earth' Long Term As He Rallies Support For Big Quarter-End Push Elon Musk gave a much-needed pep talk to Tesla Inc (NASDAQ: TSLA) employees through an email as the stock remains on track to close 2022...
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Lockheed Martin Challenges US Army's Helicopter Contract To Competitor
Thursday, December 29, 2022 - 6:53am | 404Sikorsky, a Lockheed Martin Corp (NYSE: LMT) company, filed a formal protest asking the U.S. Government Accountability Office (GAO) to review the U.S. Army's decision on the Future Long-Range Assault Aircraft (FLRAA) contract. Based on a thorough review of the information...
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Lockheed Martin, Boeing Among US Defense Companies In Potential Talks For Military Gear For Vietnam
Thursday, December 15, 2022 - 8:39am | 448In a bid to reduce its dependence on Russian arms, some Vietnam government officials and U.S. defense firms are reportedly discussing the supply of military gear. The talks are preliminary and may not lead to any deals. Lockheed Martin Corp (NYSE: LMT), Boeing Co (NYSE: BA), ...
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Lockheed Martin Partners With Israel's Rafael For Laser Weapon System
Monday, December 5, 2022 - 11:57am | 208Lockheed Martin Corp (NYSE: LMT) is partnering with Israel's Rafael Advanced Defense Systems Ltd to develop high-energy laser weapon systems. The weapon system will be based on a technology already developed by Rafael and Ministry of Defense's Directorate of Defense Research...
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General Electric, L3Harris Competed For Aerojet Takeover
Thursday, December 1, 2022 - 9:28am | 444Industrial conglomerate General Electric Co (NYSE: GE) and defense contractor L3Harris Technologies, Inc (NYSE: LHX) were among those competing to acquire rocket maker Aerojet Rocketdyne Holdings, Inc (NYSE: AJRD). Aircraft producer Textron Inc (NYSE: TXT)...
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Palantir And Lockheed Martin Partner To Improve Navy Combat
Wednesday, November 30, 2022 - 9:57am | 350Palantir Technologies Inc (NYSE: PLTR) and Lockheed Martin Corp (NYSE: LMT) collaborated to focus on delivering modern software to support Navy combat systems. They leveraged Lockheed Martin's deep technical experience and Palantir's Apollo platform. The...
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Lockheed Bags Deal With Microsoft For Efficient Information Sharing With Pentagon
Wednesday, November 16, 2022 - 12:58pm | 345Lockheed Martin Corp (NYSE: LMT) and Microsoft Corp (NASDAQ: MSFT) reached a landmark expansion of their strategic relationship to help power the next generation of technology for the Department of Defense (DOD). Microsoft will provide Lockheed Martin with its first classified...
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Dow Rises Over 300 Points As Market Volatility Decreases
Wednesday, October 19, 2022 - 3:39am | 258U.S. stocks closed higher, extending Monday’s rally following upbeat earnings results and strong factory data. Goldman Sachs Group Inc (NYSE: GS), Johnson & Johnson (NYSE: JNJ) and Lockheed Martin (NYSE: LMT) reported upbeat quarterly earnings on Tuesday. Industrial production in the US,...
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Nasdaq Rises Over 100 Points; Goldman Sachs Tops Q3 Views
Tuesday, October 18, 2022 - 12:54pm | 919U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 100 points on Tuesday. The Dow traded up 1.07% to 30,508.96 while the NASDAQ rose 1.12% to 10,795.82. The S&P 500 also rose, gaining, 1.17% to 3,721.03. Also check this: Fear & Greed Index Moves To...
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Lockheed Martin Clocks Q3 EPS Beat; Announces $14B Stock Buyback, Boosts Dividend
Tuesday, October 18, 2022 - 8:22am | 233Lockheed Martin Corp (NYSE: LMT) reported a third-quarter FY22 net sales growth of 3.5% year-over-year to $16.58 billion, slightly missing the consensus of $16.64 billion. Adjusted EPS declined to $6.71, beating the consensus of $6.68. The gross margin contracted by 158 bps to 12.8%....