Top Defense Stocks To Add to Your Watchlist - February 22nd

According to recent insights from MarketBeat's stock screener tool, five defense stocks are garnering attention today due to their high dollar trading volume over the past few days. These stocks include Boeing, Analog Devices, Citigroup, Cadence Design Systems, and General Electric.

Boeing (BA)

The Boeing Company is a well-known entity in the aerospace sector, specializing in the design, production, and support of commercial jets, military aircraft, satellites, and various defense systems. It operates through several segments: Commercial Airplanes, Defense, Space & Security, and Global Services.

As of midday trading on Friday, Boeing's stock (BA) dropped by $3.54 to reach $177.34. A total of 8,971,331 shares changed hands, surpassing its usual trading volume of 7,266,808. Boeing's market capitalization stands at approximately $133.01 billion, with a price-to-earnings ratio of -9.68 and a beta of 1.52. Over the past year, the stock reached a low of $137.03 and a high of $208.10.

Analog Devices (ADI)

Analog Devices, Inc. is renowned for designing and manufacturing integrated circuits, software, and subsystem products. They offer essential products that convert analog signals to digital data and vice versa. Their operations span across various global markets including the Americas, Europe, and Asia.

On Friday, Analog Devices' stock (ADI) fell by $4.91, dropping to $238.91. The total trading volume reached 6,176,402 shares, well above the average of 4,038,524. With a market cap of $118.49 billion, the stock has a price-to-earnings ratio of 76.09 and a beta of 1.04. Its 52-week range sits between $182.57 and $247.10.

Citigroup (C)

Citigroup Inc. acts as a holding company delivering a wide spectrum of financial services to individuals, corporations, governments, and institutions worldwide. The company's operations are divided into Services, Markets, Banking, U.S. Personal Banking, and Wealth segments.

During midday trading on Friday, Citigroup's stock (C) saw a decrease of $1.70, settling at $79.65. A significant volume of 14,902,958 shares was traded, which is higher than its average volume of 12,777,669. Citigroup's market cap is approximately $150.63 billion, with a fairly low price-to-earnings ratio of 13.39. Over the past year, shares have ranged between $53.51 and $84.74.

Cadence Design Systems (CDNS)

Cadence Design Systems, Inc. provides cutting-edge software and hardware solutions for integrated circuit design. Their offerings include functional verification services, essential in chip verification processes.

As of Friday, Cadence's stock (CDNS) traded lower by $11.96, reaching $258.27. The trading volume was reported at 4,553,254 shares, notably higher than its average of 1,918,287. Cadence holds a market capitalization of $70.83 billion. The stock has a price-to-earnings ratio of 66.91 and has fluctuated between $241.29 and $328.99 in the last year.

General Electric (GE)

General Electric Company, widely known as GE Aerospace, designs and manufactures engines for commercial and defense aerospace, along with other mechanical systems. Their services extend globally across various regions.

On Friday, General Electric's stock (GE) fell by $8.84 to $199.90. A trading volume of 5,410,517 shares was recorded, with an average of 4,437,528. GE's market cap is around $214.55 billion, and the stock shows a price-to-earnings ratio of 33.37. It has experienced a yearly low of $119.88 and a high of $212.19.

These stocks could be crucial to monitor for investors interested in the defense sector as they exhibit significant trading activity and potential for growth.

Defense, Stocks, Boeing