Comment on 3 Top Defense Stocks to Watch in October

3 Top Defense Stocks to Watch in October

Defense stocks haven't really had a very good year. With only a few exceptions, most defense stocks are relatively flat since January, and nearly every defense stock has fallen by double digits from its 52-week peak as of this writing. Furthermore, the industry as a whole continues to trade for above-average valuations, at least based on their historical ranges, and that probably means it's more a space to watch today than one to buy into. For instance, Northrop Grumman Corporation (NYSE: NOC), as a highly valued and highly profitable defense contractor, could be in for a reckoning based on changes in its recent business mix. But at the same time, there's some interesting opportunity, such as highly diversified Boeing Co. (NYSE: BA), which isn't cheap by any means, but has a massive commercial aviation business set up for decades of megaprofits, while BAE Systems (NASDAQOTH: BAESY) continues to trade for a far cheaper price than its peers, while being on track to deliver improving results. Continue reading

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News