Defense Stocks To Follow Now – May 5th

Onsemi, Boeing, and Citigroup are the three Defense stocks to watch today, according to MarketBeat’s stock screener tool. Defense stocks are shares of publicly traded companies that design, manufacture, and support military and defense systems—ranging from aircraft and naval vessels to weapons, electronics, and cybersecurity solutions. These equities often benefit from steady government defense budgets and long-term contracts, making them relatively insulated from typical economic downturns. These companies had the highest dollar trading volume of any Defense stocks within the last several days.

Onsemi (ON)

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.

Shares of ON stock traded down $3.44 during trading hours on Monday, reaching $38.47. The company’s stock had a trading volume of 11,571,578 shares, compared to its average volume of 7,507,375. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38. Onsemi has a one year low of $31.04 and a one year high of $80.08. The stock has a market capitalization of $16.24 billion, a P/E ratio of 10.64, a P/E/G ratio of 16.74 and a beta of 1.39. The firm’s fifty day simple moving average is $40.48 and its 200 day simple moving average is $54.80.

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 stock traded up $1.31 on Monday, reaching $186.77. The company’s stock had a trading volume of 2,088,286 shares, compared to its average volume of 9,034,889. The business has a fifty day simple moving average of $165.14 and a two-hundred day simple moving average of $165.89. The firm has a market cap of $140.83 billion, a PE ratio of -10.20 and a beta of 1.40. Boeing has a 12-month low of $128.88 and a 12-month high of $196.95.

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.

C traded up $0.85 on Monday, hitting $70.88. The company had a trading volume of 4,180,329 shares, compared to its average volume of 14,395,594. Citigroup has a 52-week low of $53.51 and a 52-week high of $84.74. The firm has a market capitalization of $133.40 billion, a P/E ratio of 11.91, a P/E/G ratio of 0.64 and a beta of 1.30. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a fifty day simple moving average of $68.24 and a 200-day simple moving average of $71.30.