XAR News and Press, SPDR S&P Aerospace & Defense From 06/24/22

Airbus performance during the quarter was strong. Doubts aren't about the Q1 performance, the bigger issue is the relatively weak outlook on cash flow despite higher output. Delivery target might be at risk given the weak uptick in deliveries in the first half of the year. F...

Elbit Systems is a small but innovative cutting-edge designer of high technology military defense weapons and systems it sells worldwide. It is consistently profitable, financially stable, covers its debt service, and shares are a potential opportunity at the current price for a 25% g...

SPDR S&P Aerospace & Defense ETF (XAR) - $0.1172. 30-Day SEC Yield of 0.44% as of June 16. Payable Jun 24; for shareholders of record Jun 22; ex-div Jun 21. For further details see: SPDR S&P Aerospace & Defense ETF declares quarterly distribution of $0.1172

XAR invests in U.S. aerospace and defense stocks. The portfolio is not in a bubble, but it has been propped up in the past by events such as the Russo-Ukrainian War (which supported large net fund flows). At the moment, the valuation looks a bit pricey, with minimal risk priced in...

The Global Machinery & Equipment sector recorded a back-to-back decline in output amid severe supply delays in May, according to the latest PMI data. More encouragingly, the sector also recorded a slight rise in order book volumes, sustained job creation, and quicker uplift in inv...

Airbus deliveries are under significant challenges and year-end delivery target is in doubt. Airbus sales momentum declined during the moment but could be a prelude to order announcements made during the July Farnborough Airshow. Turkish Airlines' order for the Airbus A350 mitigat...

Prior to Russia’s invasion of Ukraine, U.S. defense spending was already elevated for an environment without active conflict. Green or sustainable metals, such as copper, are poised to benefit as the backbone of the decarbonization story. The human suffering brought on by t...

Kaman became a pure-play aerospace company just ahead of the pandemic, an ill-timed move with the benefit of hindsight. The company has seen tough times in 2020 and 2021, something which created a long-lasting impact on the share price. The company made a nice bolt-on deal for Par...

Virgin Galactic is now valued at $1.6B as shares teeter on another all-time low. Managements-guided "Flight Rates" are more like wishful estimates. Analysts do not expect any positive free cash flow generation at any point in the next 5 years as operations scale. For further...

How similar will the next three or five years look from the years that immediately preceded the pandemic? And what are the implications for us as global equity investors? We don’t expect anything like the hyperinflation and stagflation we experienced in the 1970s; our outlook s...