7 Defense Stocks to Buy Amid Peace Summit Tensions

InvestorPlace06-28

Lockheed Martin (LMT): Lockheed Martin may rise on a projection-of-force narrative. Northrop Grumman (NOC): Northrop Grumman delivers critical defense solutions and a solid yield. RTX (RTX): RTX is a ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Defense Stocks to Buy Amid Peace Summit Tensions\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-28 18:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/06/7-defense-stocks-to-buy-amid-peace-summit-tensions/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lockheed Martin (LMT): Lockheed Martin may rise on a projection-of-force narrative.\nNorthrop Grumman (NOC): Northrop Grumman delivers critical defense solutions and a solid yield.\nRTX (RTX): RTX is a ...</p>\n\n<a href=\"https://investorplace.com/2024/06/7-defense-stocks-to-buy-amid-peace-summit-tensions/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TTM","symbol_name":"塔塔汽车","start_time":0,"source_url":"https://investorplace.com/2024/06/7-defense-stocks-to-buy-amid-peace-summit-tensions/","article_id":"2446574311","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2446574311","pubTimestamp":1719568800,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Lockheed Martin : Lockheed Martin may rise on a projection-of-force narrative.Northrop Grumman : Northrop Grumman delivers critical defense solutions and a solid yield.A lack of resolution in Europe suggests a framework for defense stocks to buy.What makes defense stocks to buy even more compelling is that no matter who’s president next, foreign policy will likely play a huge role in any administration. Being the long superpower affords the U.S. with great economic advantages that can be lost if that power is shared with other nations. While it’s a controversial topic, it’s time to consider these defense plays.For fiscal 2024, covering experts anticipate a slight dip in EPS to $26.27. However, revenue could rise by 3.2% to $69.76 billion. Further, it offers a forward yield of 2.69%. Again, LMT isn’t exciting but it’s one of the top defense stocks to buy.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TTM":"塔塔汽车","BK4516":"特朗普概念","BK4564":"太空概念","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4187":"航天航空与国防","BK4532":"文艺复兴科技持仓","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4523":"印度概念","BK4585":"ETF&股票定投概念","AVAV":"AeroVironment公司","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4211":"区域性银行","BK4566":"资本集团","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","BKSY":"BlackSky Technology Inc.","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","BK4550":"红杉资本持仓","BK4588":"碎股","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","BK4123":"调查和咨询服务","BK4551":"寇图资本持仓","RTX":"雷神技术公司","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","SMMF":"Summit Financial Group","BA":"波音","LMT":"洛克希德马丁","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4099":"汽车制造商","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","HII":"亨廷顿英格尔斯工业","NOC":"诺斯罗普格鲁曼","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H"},"translate_title":"和平峰会紧张局势中值得买入的7只国防股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LMT":1,"TTM":1,"SMMF":1,"RTX":1,"NOC":1,"AVAV":1,"HII":1,"BKSY":1,"BA":1},"content_text":"Lockheed Martin (LMT): Lockheed Martin may rise on a projection-of-force narrative.\nNorthrop Grumman (NOC): Northrop Grumman delivers critical defense solutions and a solid yield.\nRTX (RTX): RTX is a key player, particularly in developing projectile weapons systems.\nA lack of resolution in Europe suggests a framework for defense stocks to buy.\n\n\n\n\n\n \n\nSource: Bumble Dee / Shutterstock.com\n\n\n\nAlthough labeled as the peace summit, an international call for an end to Russia’s invasion of Ukraine effectively did little more than harden ideological lines. While a great many support a roadmap to peace that encompasses Ukraine’s territorial integrity, key players – namely Russia and China, along with a few others – believe differently. What can be said is that defense stocks to buy present a cynically positive framework.\nUnless the Russians agree to pull back their troops – something that Moscow has demonstrated zero intention of doing without receiving what Ukraine considers unacceptable concessions – and return to internationally recognized borders, the conflict will likely continue. At this point, then, the U.S. and its allies have little to do except to bolster their military capabilities.\nFrankly, the conflict may come down to who is going to blink first. For the U.S. to keep its superpower reputation intact, it just can’t blink at all.\nWhat makes defense stocks to buy even more compelling is that no matter who’s president next, foreign policy will likely play a huge role in any administration. Being the long superpower affords the U.S. with great economic advantages that can be lost if that power is shared with other nations. While it’s a controversial topic, it’s time to consider these defense plays.\nLockheed Martin (LMT)\nSource: Ken Wolter / Shutterstock.comLockheed Martin (NYSE:LMT) is one of the biggest names in defense stocks to buy. Fundamentally, the company is important for its ability to project power. Thanks to its massive aerospace division, U.S. forces and allies maintain air superiority across vast regions of the world. Of course, Lockheed is vital in myriad other areas. However, the ability to respond to saber rattling has never been more important.\nFinancially, LMT stock doesn’t offer the most exciting profile, I’m just keeping it real. However, it benefits from consistency. Between the second quarter of last year to Q1 2024, the company’s average earnings per share hit nearly $6.91. This print translated to an average earnings surprise of 5.5%.\nDuring the trailing 12 months (TTM), Lockheed posted net income of $6.78 billion or earnings of $27.34 per share. Revenue in the period reached $69.64 billion. The latest quarterly sales rate (year-over-year) landed at 13.7%.\nFor fiscal 2024, covering experts anticipate a slight dip in EPS to $26.27. However, revenue could rise by 3.2% to $69.76 billion. Further, it offers a forward yield of 2.69%. Again, LMT isn’t exciting but it’s one of the top defense stocks to buy.\nNorthrop Grumman (NOC)\nSource: Kristi Blokhin / Shutterstock.comAnother revered (and feared) name among defense stocks to buy, Northrop Grumman (NYSE:NOC) makes a strong case for inclusion in your portfolio. Frankly, tensions in Europe are only going to rise unless the Russians encounter a catastrophic battlefield defeat. In the meantime, China consistently presents an adversarial presence. Essentially, Northrop’s myriad weapons systems keeps honest people honest.\nFinancially, Northrop occupies similar ground to Lockheed Martin. Neither company is particularly riveting from an investment standpoint. However, Northrop – like its rival – is consistent. During the past four quarters, it posted EPS of $6.03. This print translated to an earnings surprise of just under 6%.\nDuring the TTM period, Northrop posted net income of $2.16 billion or $14.35 per share. In the cycle, revenue reached $40.12 billion. Further, the company’s most recent quarterly sales growth rate hit 8.9%. For fiscal 2024, experts believe EPS may rise 6.35% to land at $24.77. On the top line, sales could rise 4.6% to reach $41.11 billion.\nLastly, Northrop offers a forward dividend yield of 1.92%. It’s a solid idea if you’re looking for a stable candidate among defense stocks to buy.\nRTX (RTX)\nSource: JHVEPhoto / Shutterstock.comFormerly known as Raytheon Technologies, RTX (NYSE:RTX) is a key player within the aerospace and defense sector. Per its public profile, RTX provides systems and services for commercial, military and government customers. It’s easily one of the top defense stocks to buy thanks to its weapons systems, especially its interceptor missiles.\nRaytheon of course plays a major role in responding to saber rattling. However, it’s also important to back up the tough talk: Raytheon does a lot of backing up, let’s put it that way. Even better, RTX stock isn’t all doom, gloom and boom. In the past four quarters, the underlying company’s EPS landed at roughly $1.27. This print translated to an earnings surprise of 6.45%.\nIn the TTM period, RTX posted net income of $3.48 billion or $2.54 per share. Moreover, revenue in the cycle hit $71.01 billion. The latest quarterly sales growth rate stands at 12.1%. For fiscal 2024, analysts see EPS rising by 6.3% to hit $5.38. On the top line, revenue may clock in at $79.07 billion, up 6.4% from last year.\nRTX offers a decent forward yield of 2.48% for those on the fence.\nHuntington Ingalls Industries (HII)\nSource: Wirestock Creators / Shutterstock.comOne of the distinct plays among defense stocks to buy, Huntington Ingalls Industries (NYSE:HII) designs and builds military ships. It’s also responsible for their overhauling and repairs. This business will be increasingly significant, not only from a capacity perspective but also as a projection of power. Unlike the Russians, the U.S. commands a dominant naval force.\nFurther, with tensions rising with China, both the current and future administrations can’t afford to show weakness. The U.S. Navy will be called upon to demonstrate the nation’s broader military supremacy. Therefore, I see a huge demand influx for HII stock. So far, the financials bear this out. During the past four quarters, the average earnings surprise came out to a robust 21.03%.\nIn the TTM period, Huntington posted net income of $705 million, translating to $17.71 per share. Revenue in this cycle reached $11.59 billion. The most recent quarterly sales growth rate comes in at 4.9%. For fiscal 2024, experts see a slight dip in EPS to $16.56. However, the top line may rise modestly to $11.72 billion from last year’s $11.45 billion.\nHuntington also offers a forward yield of 2.07%. While you might not get rich with HII, it’s one of the most relevant defense stocks to buy.\nAeroVironment (AVAV)\nSource: Pavel Kapysh / Shutterstock.comA higher-risk, higher-reward idea within the aerospace and defense sector, AeroVironment (NASDAQ:AVAV) flew to fame with its self-destruct zones. Essentially, military operators can hide behind cover while directly an unmanned drone. Should a target be cited, an operator can deliberately crash into it, with the aim of destruction or disablement.\nDrone warfare represented one of the key takeaways in the conflict in Ukraine. I’d imagine that future conflicts will involve the same, meaning that AeroVironment may cynically benefit from increased demand. It hasn’t always been the most consistent financial performer, with the company missing in its fiscal Q1 2023 report. However, during the past four quarters, its average earnings surprise clocked in at 107.5%.\nDuring the TTM period, AeroVironment posted a net loss of $106.85 million or $4.44 per share in the red. However, sales hit $705.78 million. Further, the most recent sales growth rate soared to 38.8%.\nFor fiscal 2024, analysts anticipate a big jump in EPS to $2.81. Also, revenue may reach $708.15 million, a 31% increase from last year. It’s one of the enticing defense stocks to buy.\nBoeing (BA)\nSource: InsectWorld / Shutterstock.comAerospace giant Boeing (NYSE:BA) presents a controversial narrative, not just for the underlying relevance to defense stocks to buy but also because of troubles in its civilian unit. Without going into all the details, Boeing for the last few years has struggled due to safety concerns associated with its jetliners. That’s the kind of stuff that happens when doors blow off airplanes.\nIt appears that the controversies have weighed on the firm’s financials. In the past four quarters, Boeing incurred an average loss per share of $1.33. In fairness, the red ink came in at a lesser degree than experts anticipated. Therefore, the average quarterly surprise came out to 18.08%. Still, BA stock is down heavily on a year-to-date basis.\nIn the TTM period, Boeing suffered a net loss of $2.15 billion or $3.54 per share. Sales in the period landed at $76.44 billion. For fiscal 2024, analysts expect a major improvement to a loss of $1.36. Last year, the company posted a loss of $5.81 per share.\nOn the top line, sales may dip 5.4% to $73.58 billion. Still, a recovery could materialize in fiscal 2025, with sales projected to rise to $88.36 billion.\nBlacksky Technology (BKSY)\nIf you want to roll the dice with your defense stocks to buy, Blacksky Technology (NYSE:BKSY) might be an enticing prospect. For all intents and purposes, when you consider the lowly share price and the nothing-burger market capitalization, Blacksky is a penny stock. However, it’s part of the burgeoning geospatial intelligence ecosystem. Therefore, it could play a huge role in critical data collection.\nUnderstanding where enemy positions are located along with potential areas of movement will offer military operators a potentially pivotal advantage. Therefore, BKSY stock could reasonably see a demand influx if more people recognize the opportunity. For now, it’s a hit-or-miss affair financially. Still, it must be said that in terms of mitigating expected losses per share, Blacksky posted a quarterly surprise of 11.45% between Q2 2023 and Q1 2024.\nDuring the TTM period, the company incurred a net loss of $52.35 million or 37 cents per share. Revenue in the period hit $100.33 million. For fiscal 2024, experts believe Blacksky will post a loss per share of 34 cents, an improvement from last year’s 39 cents in the red.\nRevenue may land at $108.94 million, up 15.3%. Further, fiscal 2025 sales could soar to $138.54 million, up 27.2%.\nOn the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nA former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.Defense, IndustrialBlue-Chip Stocks, Dividend Stocks, Growth Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/06/7-defense-stocks-to-buy-amid-peace-summit-tensions/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2446574311"}