Top Defense Stocks To Consider – February 01st

Celestica, General Electric, and Boeing are the three Defense stocks to watch today, according to MarketBeat’s stock screener tool. Defense stocks refer to publicly-traded companies involved in the production and supply of military equipment, technology, and services for defense purposes. Investors often view defense stocks as a way to capitalize on global security threats and government defense spending. These stocks can include companies that manufacture weapons, aircraft, cybersecurity systems, and other products and services used by the military and defense agencies. These companies had the highest dollar trading volume of any Defense stocks within the last several days.

Celestica (CLS)

Celestica Inc. provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.

CLS traded up $9.42 during trading hours on Friday, reaching $123.57. 11,220,553 shares of the stock traded hands, compared to its average volume of 3,686,885. Celestica has a fifty-two week low of $32.80 and a fifty-two week high of $133.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The company has a market cap of $14.38 billion, a price-to-earnings ratio of 33.04 and a beta of 2.25. The firm’s fifty day simple moving average is $98.48 and its two-hundred day simple moving average is $72.18.

General Electric (GE)

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.

Shares of General Electric stock traded down $1.98 during trading hours on Friday, hitting $203.59. 5,503,704 shares of the company’s stock traded hands, compared to its average volume of 5,804,036. The stock has a 50 day simple moving average of $177.41 and a 200-day simple moving average of $176.30. General Electric has a twelve month low of $105.70 and a twelve month high of $207.65. The company has a market cap of $220.35 billion, a PE ratio of 33.99, a PEG ratio of 2.48 and a beta of 1.19. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

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.

NYSE:BA traded down $3.27 during mid-day trading on Friday, reaching $176.26. The stock had a trading volume of 6,102,815 shares, compared to its average volume of 8,105,842. The company has a market capitalization of $108.96 billion, a price-to-earnings ratio of -9.62 and a beta of 1.52. The stock’s 50 day simple moving average is $169.50 and its two-hundred day simple moving average is $164.35. Boeing has a 1-year low of $137.03 and a 1-year high of $214.63.