Shares of aerospace and defense company Kratos (NASDAQ:KTOS)
jumped 4.2% in the afternoon session after RBC raised its price target on the company. Also Kratos was selected as the exclusive U.S. manufacturer for Elroy Air's Chaparral cargo drone.
Shares of aerospace and defense company Kratos (NASDAQ:KTOS)
jumped 5.1% in the morning session after the company announced a series of positive developments, including a new manufacturing partnership with Elroy Air and the start of altitude testing for a new military engine with GE Aerospace.
The U.S.-UK Technology Prosperity Deal puts AI at the center of modern warfare. Find out which defense ETFs could gain from this new arsenal of algorithms.
Shares of aerospace and defense company Kratos (NASDAQ:KTOS)
jumped 2.6% in the morning session after the stock's positive momentum continued as the company unveiled a new attack drone, building on investor optimism from a recent U.S. policy change that eased military drone export restrictions.
The stocks in this article are all trading near their 52-week highs.
This strength often reflects positive developments such as new product launches, favorable industry trends, or improved financial performance.
In just seven months after its IPO, defense stock Karman is providing early investors with huge returns. Raymond James sees over 50% more upside still to come.
As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the defense contractors industry, including Kratos (NASDAQ:KTOS) and its peers.
Many investors pay attention to mid-cap stocks because they have established business models and expansive market opportunities.
However, their paths to becoming $100 billion corporations are ripe with competition, ranging from giants with vast resources to agile upstarts eager to disrupt the status quo.
Global defense spending has reached unprecedented levels, driven by escalating geopolitical tensions and a critical need for military modernization. This surge is creating a fertile ground for growth within the defense industry, particularly for companies at the forefront of next-generation technologies such as digital unmanned systems, artificial intelligence (AI), and
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
