Defense stocks are a popular choice among investors looking for long-term returns. The defense industry is one of the most consistent sectors in the stock market. As a result, many investors see it as a safe bet for their portfolios. For the uninitiated, defense stocks refer to companies that focus on providing products and services related to national security or military operations.
This includes arms manufacturers, aerospace companies, shipbuilders, and contractors who provide support services to governments and militaries around the world. Companies like Lockheed Martin (NYSE: LMT), General Dynamics (NYSE: GD), and Raytheon (NYSE: RTX) are some of the largest players in the defense industry.
One of the main reasons why investors choose to invest in defense stocks is that they tend to be relatively stable when compared to other industries. This is because governments around the world typically have a consistent demand for defense products and services regardless of economic conditions. This means that revenues from these companies are generally more reliable than those from other sectors, making them ideal for long-term investments. Furthermore, many defense companies also have large dividend yields which can help boost returns over time. With this in mind, here are two defense stocks to watch in the stock market today.
Defense Stocks To Watch Right Now
Boeing Company (BA Stock)
Kicking off, The Boeing Company (BA) is one of the world’s leading aerospace companies. The company designs and manufactures some of the most advanced aircraft in the industry. From commercial airliners to military defense systems. The company works with countless airlines and government agencies to provide the best services across a wide range of aviation fields.
Back in October, The Boeing Company reported its third-quarter 2022 financial results. Specifically, the company reported a loss of $6.18 per share along with revenue of $16.0 billion for Q3 2022. Additionally, Boeing also reported that it has resumed the delivery of its 787 aircraft. The company reported it delivered 9 for the third quarter of 2022. Moreover, Boeing reported a total backlog amounting to $381 billion, which results in more than 4,300 commercial airplanes.
Over the last six months of trading action, shares of The Boeing Company have recovered by 35.81%. As of Thursday, BA stock is trading slightly lower by 0.19% at $188.03 a share.
[Read More] 3 Semiconductor Stocks To Watch Before 2023
Northrop Grumman (NOC Stock)
Last but not least, Northrop Grumman (NOC) is a global aerospace and defense technology company, based in the United States. They specialize in advanced products and capabilities in the areas of autonomous systems, cyber security, advanced manufacturing, space missions, and more.
This month, Northrop Grumman announced that it will release its 4th quarter of 2022 financial results. In detail, the company said it will post its Q4 2022 financial results on January 26, 2023, before the market opens. To briefly recap, in the third quarter of 2022 the company reported earnings of $5.89 per share, along with revenue of $9.0 billion.
Year-to-date, shares of NOC stock are up by 40.88%, which outperforms the broader markets so far in 2022. Additionally, on Thursday, NOC stock advanced by 0.51% on the day, currently trading at $543.15 a share.
If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!!
