SHLD - Recent conflicts spotlight aerospace/defense space; See the top 10 best recent performers
2024-01-19 12:52:02 ET
Ongoing wars in Ukraine and Gaza, along with tensions in the South China Sea, have steered investor attention towards the aerospace and defense industry. As such, many stocks in the sector have experienced strong market returns over the past six months.
Outlined below are the top 10 best performing aerospace and defense stocks over a six-month period:
Top 10 Aerospace & Defense Stocks in the last 6-Months
No. 10: Triumph Group, Inc. ( NYSE: TGI ) +26.1% .
No. 9: Kratos Defense & Security Solutions ( KTOS ) +26.8% .
No. 8: Moog Inc ( MOG.A ) +26.8% .
No. 7: SIFCO Industries ( SIF ) +28.5% .
No. 6: AeroVironment ( AVAV ) +29.9% .
No. 5: Axon Enterprise ( NASDAQ: AXON ) +36.7% .
No. 4: Cadre Holdings ( CDRE ) +44.7% .
No. 3: Byrna Technologies Inc. ( BYRN ) +52.4% .
No. 2: TAT Technologies Ltd. ( TATT ) +57.8% .
No. 1: Kaman Corporation ( KAMN ) +81.5% .
Meanwhile, many big names in the sector are far from the Top 10 list, such as Northrop Grumman ( NOC ), Lockheed Martin ( NYSE: LMT ), Boeing ( BA ), Honeywell International ( HON ) and RTX Corporation ( NYSE: RTX ).
Over the past six months NOC is +3.9% , LMT is +0.7% , BA is -0.5% , HON is -4.2% , and RTX is -12.1% .
Furthermore, for investors who are looking for a more diversified approach to the aerospace and defense industry they can also analyze the following exchange traded funds:
- iShares U.S. Aerospace & Defense ETF ( ITA )
- Invesco Aerospace & Defense ETF ( PPA )
- SPDR S&P Aerospace & Defense ETF ( XAR )
- Global X Defense Tech ETF ( SHLD )
- Direxion Daily Aerospace & Defense Bull 3X Shares ( DFEN )
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Recent conflicts spotlight aerospace/defense space; See the top 10 best recent performers