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☆ Citi makes the bull case for defense stocks and gives its favorite picks
▼ + stars: | 2024-05-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Wall Street is under-appreciating the growth outlook for the defense sector, according to Citi. Nonetheless, Citi remains confident in "the bull case for defense." Defense companies historically trade at a premium to the rest of the market when defense budgets grow, Gursky said. Here are some of Citi's favorite defense picks, all of which have a buy rating from the bank. Citi's $525 price target implies almost 12% upside from Friday's close.

Persons: Jason Gursky, Gursky, Leidos, Lockheed Martin Organizations: Citi, P Aerospace, Defense, Citigroup, Leidos Holdings, Lockheed, SAIC, International Corps Locations: Friday's

☆ Cramer's week ahead: Earnings from Procter & Gamble, Tesla, Lockheed Martin
▼ + stars: | 2024-01-19 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday told investors to gear up for a "fast and furious" slew of earnings reports next week that could lead to some profit-taking, including Procter & Gamble , Tesla and Lockheed Martin . Only if we still have plenty of people out there bad-mouthing the market and calling it dangerous and perilous," Cramer said. Tuesday is one of the busiest days of the week, with reports from Procter & Gamble , Verizon , 3M , Johnson & Johnson , RTX , Lockheed Martin , D.R. Cramer predicted Verizon will do well, but Procter & Gamble may not see a blowout quarter, perhaps creating a buying opportunity. He'll be waiting to hear about an increased defense budget from Lockheed Martin and said D.R.

Persons: CNBC's Jim Cramer, Tesla, Lockheed Martin, Cramer, Johnson, D.R, He'll, Horton, he'll, Williams Organizations: Procter & Gamble, Lockheed, United Airlines, Logitech, Verizon, Johnson, General Electric, Netflix, Procter, Gamble, Abbott Laboratories, Tesla, Lam Research, IBM, Union Pacific, Intel, Sherwin, PayPal, American Express, Norfolk Southern, Federal Reserve Locations: RTX, Horton, Colgate

☆ Pentagon awards $1.3 billion in contracts to Northrop Grumman and York for 100 satellites
▼ + stars: | 2023-10-30 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

The Pentagon's Space Development Agency on Monday announced about $1.3 billion in contracts to York Space and Northrop Grumman to build communications satellites. Under the T2TL-Alpha awards, Northrop will build 38 "data transport" satellites for $732 million, while York will build 62 satellites for $617 million. Northrop's award to build Alpha variant satellites for T2TL comes months after the defense giant won an SDA order for Beta variants. In August, Northrop won a $733 million award to build 36 satellites for the T2TL-Beta segment of PWSA, alongside Lockheed Martin . The SDA has previously awarded contracts to build and operate satellites in its fleet to SpaceX and L3Harris, in addition to Northrop, York and Lockheed.

Persons: Northrop Grumman, Northrop, Lockheed Martin Organizations: Space Development Agency, York Space, Northrop, Alpha, Lockheed, Pentagon, Space Force, SpaceX, CNBC Locations: York

The Austin-based rocket builder and in-space services company is close to announcing the closure of an oversubscribed capital raise, its CEO Bill Weber told CNBC's Manifest Space. Firefly can currently launch its medium-launch rocket, Alpha, every two months. "Alpha has a demand signature for the next three to four years, which is more than good enough for what we want to do with it," Weber told CNBC. Weber told CNBC the company is also in talks with the intelligence community about classified payloads. The macro environment, which has largely stunned public space companies, will help to decide timing.

Persons: Firefly's, Bill Weber, CNBC's, Weber, Morgan Brennan, Lockheed Martin, Northrop Grumman Organizations: Firefly's Alpha, Vandenberg Space Force Base, Alpha, Firefly Aerospace, CNBC, Spaceflight Inc, Virgin Orbit, U.S . Space Force, Systems, NASA, Lockheed, Antares Locations: Austin, Austin , Texas, North Carolina, Ukraine, Russian

☆ Play defense with these fortress stocks in the second quarter
▼ + stars: | 2023-04-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +9 min

Bahnsen's investment philosophy focuses specifically on high-quality stocks that have a high dividend yield, along with consistent increases. One of his favorite plays is Procter & Gamble , which currently has a dividend yield of 2.5%. EOG has a 2.9% dividend yield and also has been paying a special dividend. Health-care names Names in the health-care sector are generally considered defensive. Quanta Services has a dividend yield on the lower end, at 0.2%.

☆ Wells Fargo, UnitedHealth and more: CNBC's 'Halftime Report' traders answer your questions
▼ + stars: | 2023-03-30 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

On Thursday's "Ask Halftime," our traders answered questions from CNBC Pro subscribers about stocks and ETFs during this period of heightened market volatility, including whether to buy, sell or hold individual companies. Stephanie Link of Hightower Advisors talked about why she owns Wells Fargo . Jim Lebenthal of Cerity Partners talked about Raytheon Technologies and Lockheed Martin . Lebenthal noted that one key difference between the two firms is that Raytheon has commercial aerospace exposure and Lockheed does not. Finally, Blue Line Futures' Bill Baruch discussed UnitedHealth and why it is a staple in his portfolio.

☆ How the FBI Took an Innocent Woman’s Savings
▼ + stars: | 2023-03-09 | by ( Robert Frommer | ) www.wsj.com time to read: 1 min

The Federal Bureau of Investigation regularly seizes cash, cars and other valuables that belong to people who aren’t accused of any crimes. Months later, many of those people receive a dense, boilerplate notice stating that the FBI plans to keep their property forever, without any explanation of why—a blatantly unconstitutional practice. When the FBI took her life savings from a safe-deposit box during a 2021 raid of US Private Vaults in Beverly Hills, Calif., she assumed her money would be returned. The company’s alleged wrongdoing had nothing to do with her. But several months later, she—and hundreds of other innocent people who had their safe-deposit boxes taken—received a notice stating that the government wanted to forfeit her money.

☆ IBM beat all its large-cap tech peers in 2022 as investors shunned growth for safety
▼ + stars: | 2022-12-27 | by ( Jordan Novet | ) www.cnbc.com time to read: +6 min

But in a year that saw investors abandon all major tech stocks, Big Blue was in the green. High gas prices, soaring inflation and the Federal Reserve's steady pace of rate increases have punished growth stocks and favored more mature, less volatile names that are viewed as more recession-resistant. Among U.S. tech companies valued at $50 billion or more, IBM was one of only two to generate positive returns in 2022. IBM beats Big Tech in 2022 CNBCIBM is "trading well above its historical range," Bernstein Research analysts wrote in a Dec. 20 note to clients. IBM's model through 2024 calls for mid-single-digit revenue growth, translating into free cash flow growth in the high single digits.

☆ Palo Alto, Chevron and more: CNBC's 'Halftime Report' traders answer your stock questions
▼ + stars: | 2022-11-10 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

On Thursday's "Ask Halftime," our traders answered questions from CNBC Pro subscribers about stocks and ETFs during this market volatility, including whether to buy, sell or hold specific names. Jason Snipe of Odyssey Capital Advisors highlighted reasons why Palo Alto Networks is a great buy. NewEdge Wealth's Rob Sechan explained why he owns Lockheed Martin . However, he warned that the stock's valuation is high and it's trading at a 25% premium to the market. Finally, Brenda Vingiello of Sand Hill Global Advisors talked about Chevron and why it is a high-dividend energy stock worth holding.

☆ The market could be anticipating a Republican sweep of Congress in Tuesday’s election
▼ + stars: | 2022-11-05 | by ( Patti Domm | In | ) www.cnbc.com time to read: +2 min

The Strategas Republican portfolio contains a number of energy companies including Cheniere, Centrus Energy , Enterprise Products and ConocoPhillips. The Republican portfolio contains Regeneron , up 7.5% since the end of September, and Bristol-Myers Squibb, up 10.8% in that same period. Clifton said the Republican portfolio bottomed out around Sept. 7, and in October it pulled ahead. "There's more confidence the Republican House gains are going to be quite large," he said. "If the consensus is wrong and the Democrats keep the Senate, the sector that will have the most upside is the clean energy sector," he said.

☆ Terran Orbital stock rises after spacecraft builder raises $100 million from Lockheed Martin
▼ + stars: | 2022-10-31 | by ( Michael Sheetz | ) www.cnbc.com time to read: +1 min

Shares of spacecraft manufacturer Terran Orbital rose Monday after the company added $100 million via an investment from existing shareholder Lockheed Martin . Lockheed purchased both debt and stock, and Terran noted that the investment comes with a new cooperation agreement "to pursue a wider variety of opportunities" alongside the defense giant. Terran stock rose about 8% in midday trading, after jumping as much as 33% earlier in the day from its previous close of $2.56 a share. The company went public via a SPAC earlier this year and, like many space stocks, has been hit hard by the shifting risk environment in the market. CNBC previously reported that Terran was among the space SPAC stocks seeking capital, with several companies facing a cash crunch.

Oct 27 (Reuters) - Amazon.com Inc (AMZN.O) on Thursday forecast a slowdown in sales growth for the holiday season, disappointing Wall Street and warning that inflation-wary consumers and businesses had less money to spend. In a call with reporters, Amazon Chief Financial Officer Brian Olsavsky said the company was bracing for slower economic growth. Amazon forecast net sales of between $140 billion and $148 billion, or growth as little as 2% from a year earlier. The Amazon logo is seen at the company's logistics centre in Boves, France, October 6, 2021 REUTERS/Pascal Rossignol/File PhotoPrior holiday quarter sales growth was 9% in 2021 and 38% in 2020. Amazon's cloud sales growth has ticked down consistently in the past year.

☆ Amazon changes rockets for launch of prototype Kuiper internet satellites, pushing mission to 2023
▼ + stars: | 2022-10-12 | by ( Michael Sheetz | ) www.cnbc.com time to read: +1 min

From left: Artist renderings of the launches of an RS1 rocket and a Vulcan rocket. Amazon is swapping rides for the first prototype satellites for its Project Kuiper internet network, the company announced on Wednesday, a move that delays launching the pair of spacecraft to early next year. Instead, the Amazon satellites will hitch a ride on the first launch of ULA's Vulcan, which is planned for the first quarter. Amazon isn't ditching ABL entirely, however, saying it plans to retain two launches with the rocket company for future missions. He also emphasized that ABL has a backlog of missions from customers including the U.S. Space Force and Lockheed Martin.

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