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Gains among South Korean names were led by Hanwha Aerospace, Korea Aerospace Industries, Hyundai Rotem and LIG Nex1. The pickup in South Korean stocks comes amid expectations of higher defense costs in Europe, after regional leaders held security talks that touched on bolstered military spending.
GD secures a modification contract for lead yard support, development studies and design efforts for Virginia-class submarines.
Trump wants to decrease defense spending, but the conflict in Ukraine may still lead to contracts. European rivals are surging.
Krishna Guha, Evercore ISI Vice Chairman, joins 'Closing Bell Overtime' to talk navigating the geopolitical landscape.
General Dynamics (GD) closed the most recent trading day at $251.62, moving +0.95% from the previous trading session.
AI stocks like Tesla and Palantir are tanking, but there are overlooked plays set to thrive in the AI boom. We discuss two opportunities primed for significant AI-driven growth. Don't chase hype—these undervalued dividend growth stocks offer real exposure to AI's future.
General Dynamics reported strong FY2024 results with $47.7 billion in revenue and $4.8 billion in operating earnings, showcasing impressive growth across its divisions. The Aerospace division, despite its cyclical nature, showed significant improvement with a 30.5% revenue growth and an operating margin increase to 13% in FY2024. Management expects growth in revenue, margins, and EPS for FY2025, but I remain cautious about the Aerospace segment's vulnerability to economic downturns.
The article discusses reasons for the abysmal performance of defense stocks since the election of Donald Trump, while explaining why a window of opportunity is opening for long-term oriented investors. I take a brief look at L3Harris Technologies, RTX Corp., Lockheed Martin, Northrop Grumman, and Huntington Ingalls Industries and share where I plan to allocate more capital. I'll take an in-depth look at the fundamentals of General Dynamics, a surprisingly well-diversified and financially sound hybrid commercial aviation and defense company.
Tony Bancroft calls Palantir (PLTR) a good company with strong growth potential. However, he expects volatility is ahead for military-tied stocks with budget cuts expected for U.S. defense.
Michelle Caruso-Cabrera, MCC Global Enterprises CEO and Frederick Kempe, Atlantic Council CEO, join 'Power Lunch' to discuss the global market-moving news.