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☆ The 4 most important things we're watching in the stock market this coming week
▼ + stars: | 2024-01-20 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Fortunately, we'll get useful information in the coming weeks as earnings season ramps up and updated inflation data is released. We really want to see more supply come into the market to provide some relief on shelter costs. Looking to next week, we'll get a several key economic updates and a ramp up of earnings releases. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Morgan Stanley, we'll, Procter & Gamble, we've, We're, we're, We'll, Forex, Brown, BRO, Zions, CrossFirst, Johnson, Lockheed Martin, Horton, ERIC, Baker Hughes, Abbott, ABT, Clark, BOK, Monro, Simmons, United Community Banks, Lam, Ethan Allen Interiors, Raymond James Financial, Sherwin, Williams, Northrop, Murphy, Arthur J, Levi Strauss, LEVI, Booz Allen, Jim Cramer's, Jim Cramer, Jim, John Gress Organizations: Nasdaq, Microsoft, Nvidia, Tesla, Apple, Bank of America, Reserve, Procter, Gross, Citigroup, of Hawaii, United Airlines, Logitech International S.A, AGNC Investment, Agilysys Inc, Great Southern Bancorp, Enterprise Financial Services, Independent Bank, Home Bancorp, RBB Bancorp, TrustCo Bank Corp, Gamble Co, Verizon Communications, 3M Company, General Electric Co, GE, RTX Corporation, Halliburton Company, HAL, Lockheed, Ericsson, Bank, GATX Corporation, MakeMyTrip, National Bancorp, Synchrony, Webster, Atlantic Union Bankshares Corporation, Invesco PLC, Peoples Bancorp Inc, Sandy Spring Bancorp, Netflix, Texas Instruments Incorporated, Steel Dynamics, Canadian National Railway Company, NBT Bancorp, East West Bancorp, Covenant Logistics Group, Inc, Hanmi, National Bank Holdings Corporation, Premier Financial, QCR Holdings, Renasant Corporation, Triumph, Veritex Holdings, ASML, SAP, Textron, Oriental Education, Technology Group, First BanCorp, General Dynamics, OFG Bancorp, Prosperity, TE Connectivity, United Community, Blue Foundry Bancorp, Capitol Federal, HBT, Teledyne Technologies, Business Machines, IBM, Las Vegas Sands Corp, Lam Research, United Rentals, Berkley Corp, Crown, International, Packaging Corporation of America, Seagate Technology plc, CACI, Swift Transportation Holdings, Ameriprise Financial, Concentrix Corporation, First Bank, Liberty Energy, Pathward Financial, Columbia Banking, CSX, American Airlines Group, NextEra Energy Inc, Alaska Air Group, Dow Chemical Co, Valero Energy, Southwest Airlines Co, Nextera Energy, Williams Co, Union Pacific, Applied Industrial Technologies, Mobileye, Northrop Grumman, Comcast, Nokia, TAL Education, McCormick & Company, Intel, Visa Inc, Gallagher, Co, KLA Corporation, Western Alliance, Mobile, L3Harris Technologies, Western, Olin Corporation, American Express Co, Booz, Booz Allen Hamilton Holding, Colgate, Palmolive Co, Norfolk Southern Corporation, Jim Cramer's Charitable, CNBC, Gamble's Locations: Procter &, U.S, China, ZION, Freeport, Kimberly, Las, W.R, Chicago

☆ 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

☆ Spirit Airlines jumps 30% after raising fourth-quarter forecast
▼ + stars: | 2024-01-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Spirit Airlines on Friday raised its financial forecast for the fourth quarter of 2023, sending shares soaring more than 30% after a rout earlier this week that followed a judge's ruling that blocks JetBlue Airways from buying the budget carrier. Spirit said in a filing that it expects revenue to come in at about $1.3 billion, at the high end of its earlier forecast, thanks to strong bookings at the end of the year. The airline said in the filing that it had $1.3 billion of liquidity at the end of 2023. Spirit said Friday it expects compensation from Pratt & Whitney, a unit of RTX, in connection with that engine issue. Spirit plans to hold a quarterly call with analysts on Feb. 8 to discuss results and its outlook.

Persons: Spirit, Pratt Organizations: Airlines, JetBlue Airways, Pratt & Whitney, Airbus, Company

☆ Nvidia and AMD shares hit record highs on AI chip surge
▼ + stars: | 2024-01-18 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

AMD and Nvidia hit all-time highs on Thursday as investors continue to clamor for shares of the companies building chips that power artificial intelligence. AMD shares rose over 1% during trading on Thursday to reach its highest-ever closing price, $162.67, while Nvidia, rose just under 2% to $571.07. Both companies have notched double-digit percentage gains to start the year after an explosive 2023 in which AMD shares popped 127.6% and Nvidia stock rocketed 238.8%. Analysts also see AMD improving its AI software, eliminating one major reason why Nvidia chips were preferred over AMD's. On Thursday, Taiwan Semiconductor Manufacturing Company , which manufactures Nvidia and AMD chips, reported better-than-expected sales.

Persons: Jensen Huang, they're, C.C, Wei, Goldman Sachs, Toshiya Hari, Mark Zuckerberg Organizations: Nvidia, AMD, Investors, Taiwan Semiconductor Manufacturing Company, Meta

☆ NASA delays crewed Artemis moon missions into 2025 as companies navigate challenges
▼ + stars: | 2024-01-09 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

NASA is pushing back the schedule for upcoming missions of its flagship Artemis lunar program by about a year as the agency's contractors work to finish technology needed to return U.S. astronauts to the moon's surface. Artemis 2 — with a four-person crew, which NASA announced last spring — was previously planned to launch in November, while Artemis 3 had been targeting December 2025. The pair of missions are set to follow the uncrewed Artemis I mission that flew in 2022. The Artemis program represents a series of missions with escalating goals, aiming to return astronauts to the lunar surface for the first time since the Apollo era. Nelson's comments confirm reporting by CNN and Reuters that NASA would be pushing out the schedule for the program.

Persons: Artemis, Reid Wiseman Victor Glover, Christina Koch, Jeremy Hansen, Bill Nelson, —, Lockheed Martin, Elon, Jeff Bezos Organizations: NASA, Artemis, CNN, Reuters, Boeing, Northrop Grumman, Lockheed, SpaceX, Collins Aerospace, SpaceX's Locations: U.S

☆ This stalled tech juggernaut is starting to break out again, according to the charts
▼ + stars: | 2024-01-09 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

Nvidia (NVDA) was surprisingly quiet in the back half of 2023 despite some amazing earnings beat-and-raise quarters. Only just on Monday did NVDA finally break free from the technical range that held the stock captive below the undoubtedly psychologically important $500 resistance level. I think the answer is yes, there's more room for the stock to run. Finally breaking $500 Back to Nvidia, the clear winner of the massive rotation into semiconductors as we charge towards the exponential age. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: NVDA, we're, Goldman's Peter Oppenheimer, benchmarked, Gordon Organizations: Nvidia, IBM, Apple, Microsoft, Consumer Locations: China, Vegas

State-owned Motor Sich is Ukraine's main manufacturer of aircraft and helicopter engines, including for some of the world's largest cargo planes. Many legacy Ukrainian defense companies will trigger "red flags" during the lengthy due diligence and compliance reviews conducted by Western defense companies, said one U.S. defense executive. A Motor Sich representative stopped by ITA's booth and spoke briefly about their company's capabilities, the spokesperson said. ROOTING OUT CORRUPTIONZelenskiy has made rebuilding Ukraine's defense and aerospace sector a top priority, which includes deeper investment in drone technology. While the talks in Washington later this week and last month's Dubai air-show contacts are potentially promising, the political realities that Western defense officials are grappling with could hinder any progress.

Persons: Gleb Garanich, Olexiy Nikiforov, Lockheed Martin, Pavlo Verkhniatsky, Volodymyr Zelenskiy, Korzh, Trump, Nikiforov, RTX, Northrop, Valerie Insinna, Joanna Plucinska, Tim Hepher, Jo Mason, Jane Merriman Organizations: Motor Sich, REUTERS, State, Sich, Reuters, Lockheed, White, U.S, Western, U.S . Department of Commerce, Dubai Air Show, Commerce Department's International Trade Administration, Boeing, Northrop Grumman, Republicans, Ukraine –, Thomson Locations: Ukrainian, Kyiv, Ukraine, WASHINGTON, Russia, China, Washington, U.S, Moscow, Zaporizhzhia, Dubai, Gaza, London

☆ US submarines are getting new long-range ship-killer missiles as China's large navy keeps getting bigger
▼ + stars: | 2023-12-05 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

The US Navy plans to arm submarines with a new version of the Tomahawk missile next fall. It's the latest US anti-ship effort as rival China continues to build up its already large navy. AdvertisementStarting next fall, US submarines will be equipped with a new version of a widely used and powerful cruise missile. Jon Hersey, the program manager for the Tomahawk Weapons System program office, said in a statement reported by Bloomberg. In its latest report on China's military power, the Pentagon said China had 370 ships and submarines, almost 100 more than the US Navy.

Persons: —, Jon Hersey, Nancy Pelosi's, Kenneth Wilsbach, we've Organizations: US Navy, Tomahawk, Service, Maritime, Pentagon, Bloomberg, RTX Corporation, Navy, US Pacific Air Forces, Air Force, Army, Marines Locations: China, Taiwan, Beijing

☆ RTX CEO Greg Hayes: We see huge demand for Patriot air defense systems in the next few years
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRTX CEO Greg Hayes: We see huge demand for Patriot air defense systems in the next few yearsGreg Hayes, RTX CEO, joins 'Closing Bell Overtime' to talk the state of the defense industry, supply chain, turbofan engine recalls and more.

Persons: Greg Hayes Organizations: Patriot

☆ Spirit Airlines offers buyouts to salaried employees to cut costs
▼ + stars: | 2023-11-29 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Spirit Airlines is offering voluntary exit packages to salaried employees, the budget carrier's latest cost-cutting measure as it expects financial strains to continue next year. "Now, we're taking the next difficult step – enacting an Early Voluntary Out program for salaried Team Members," Christie wrote in the memo. The company had a similar plan during the height of Covid pandemic. "Based on the success of that plan, we're implementing a similar set of opportunities to help us right-size our organization for our current fleet and business constraints." The Wall Street Journal reported the Spirit Airlines buyouts earlier Wednesday

Persons: Ted Christie, Christie Organizations: Airlines, Airbus, Pratt, Whitney, CNBC, Denver, Team, JetBlue Airways, Justice Department, Street Journal, Spirit Airlines Locations: Boston

☆ US Funding for Ukraine Arms Has Poured Into Pennsylvania, Arizona and Texas
▼ + stars: | 2023-11-28 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +3 min

In Texas, 18 of the 25 Republican U.S. representatives have voted against Ukraine aid. In Arizona, three of six Republican representatives voted against aid while $2.196 billion poured into the state. The conservative Defending Democracy Together group's "Republicans for Ukraine" campaign has been tracking Republican rhetoric and voting patterns on Ukraine aid legislation. It gave "poor" or "very poor" grades to two of Wisconsin's six Republican representatives, to one of Arkansas' four Republican representatives and to three of Pennsylvania's eight Republican representatives. Yet Johnson voted against Ukraine aid repeatedly before he became speaker last month.

Persons: Mike Stone WASHINGTON, Biden, Joe Biden, Volodymyr Zelenskiy's, Mike Johnson, Johnson, Mike Stone, Chris Sanders, Matthew Lewis Organizations: Capitol Hill, Kyiv, Keystone State, Reuters, Republican U.S, Patriot, Raytheon, Texas ., Capitol, Republicans, Democrats, Ukraine, Companies, Biden, group's Locations: Ukraine, Pennsylvania, In Texas, Texas, Arizona, Israel, U.S, Ohio, Texas . Pennsylvania, Congress, Arizona , Pennsylvania, Arkansas, Wisconsin, Washington

☆ US funding for Ukraine arms has poured into Pennsylvania, Arizona and Texas
▼ + stars: | 2023-11-28 | by ( Mike Stone | ) www.reuters.com time to read: +4 min

Persons: Joe Biden, Evelyn Hockstein, Biden, Volodymyr Zelenskiy's, Mike Johnson, Johnson, Mike Stone, Chris Sanders, Matthew Lewis Organizations: White, REUTERS, Rights, Capitol Hill, Kyiv, Keystone State, Reuters, Republican U.S, Patriot, Raytheon, Texas ., Capitol, Republicans, Democrats, Ukraine, Companies, Biden, group's, Thomson Locations: Ukraine, Washington , U.S, Pennsylvania, In Texas, Texas, Arizona, Israel, U.S, Ohio, Texas . Pennsylvania, Congress, Arizona , Pennsylvania, Arkansas, Wisconsin, Washington

If you're hoping to stretch your dollar, you'd be wise to shop the Cyber Monday graphics card deals available right now. We've kept track of the season's best discounts and sales and gathered the best graphics card highlights to make buying easier. Below, you can find some of the best Cyber Monday graphics card deals available now, from trustworthy manufacturers and reliable retailers, so you don't have to worry about scams. Best Cyber Monday graphics card dealsBoth Nvidia and AMD cards have their strengths. Obviously, if you're buying one of these cards, you're either building your own PC or upgrading one you already own.

Persons: We've, It's Organizations: Nvidia, AMD

With that in mind, we're keeping track of all the best Cyber Monday gaming laptop deals right here. Some of the best Cyber Monday gaming laptop deals we've found include the Dell G15, which is one of our picks for the best budget gaming laptop, down to only $1,000. These Cyber Monday gaming laptop deals are set to remain active until midnight, so if you see a discount you like, you should act fast. Best Cyber Monday gaming laptop dealsLowest Price Dell G15 $999.98 $1,299.00 Save 23% With powerful hardware and a vibrantly bright screen, the Dell G15 is one of the best budget gaming laptops on the market. Cyber Monday gaming laptop FAQsIs Cyber Monday a good time to buy a gaming laptop?

Persons: you've, they're Organizations: Dell, Razer, Intel, AMD, Nvidia

Today's a great day to buy pretty much anything, but the best Cyber Monday laptop deals have the potential to save you hundreds of dollars in a single purchase. Some of the best Cyber Monday laptop deals include an all-time low 27% discount on a Dell Inspiron 16, which offers fantastic specs for everyday users, and $300 off the RTX 4070 model of the Asus ROG Strix G16, a powerful and stylish gaming laptop. We also want to shout out a $130 discount on the Acer Chromebook Plus 515, a deal that turns what was already an affordable model into one of the best budget laptops around. The best Cyber Monday everyday laptop dealsThe best Cyber Monday budget laptop dealsThe best Cyber Monday gaming laptop dealsThe best Cyber Monday 2-in-1 laptop dealsCyber Monday laptop FAQsIs Cyber Monday a good time to buy a laptop? Even high-end gaming laptops fall to midrange or budget levels, which makes Cyber Monday pretty much the best time to buy a new laptop.

Persons: Today's, you've, you'll Organizations: Dell, Asus, Windows, Microsoft, Google

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Persons: I'm, We'll, we'd, we've, Pick, you'll, Casper, Smart Organizations: Fashion, Nordstrom, Tech, Apple, Verizon, Verizon Wireless, Walmart, Lightning, Casper, HP, Hulu, ABC, Fox, E2 Pro, Sony, Fire, Echo Studio, Business Locations: There's

Shop at Walmart External link Arrow An arrow icon, indicating this redirects the user." Shop at Amazon External link Arrow An arrow icon, indicating this redirects the user." Shop at Best Buy External link Arrow An arrow icon, indicating this redirects the user." Shop at Amazon External link Arrow An arrow icon, indicating this redirects the user." Shop at Amazon External link Arrow An arrow icon, indicating this redirects the user."

Persons: Pick, you'll, Casper, we've, Smart Organizations: Apple, LG, Samsung, Walmart, Lightning, HP, Casper, Hulu, ABC, Fox, E2, Nordstrom, Tech, Verizon, Verizon Wireless, Amazon, Echo Studio, Gaming, Sony, Business Locations: There's

The best Black Friday laptop deals run the gamut from budget to high-end models, and have the potential to save you hundreds of dollars. Some of the best Black Friday laptop deals include a 25% off discount on a Dell Inspiron 16, which offers fantastic specs for everyday users; and $300 off the RTX 4070 model of the Asus ROG Strix G16, a powerful and stylish gaming laptop. Most Black Friday laptop deals will run through tonight, November 24, and a few will last through the weekend and to Cyber Monday. The best Black Friday everyday laptop dealsThe best Black Friday budget laptop dealsThe best Black Friday gaming laptop dealsThe best Black Friday 2-in-1 laptop dealsBlack Friday laptop FAQsIs Black Friday a good time to buy a laptop? What's the difference between a Windows laptop and a Chromebook?

Persons: you'll Organizations: Dell, Asus, Windows, Microsoft, Google

New gaming laptops from popular brands like Dell and Asus are seeing massive discounts, and even some high-end models are hitting all-time low prices. Some of the best Black Friday gaming laptop deals we've found include $1,700 off the list price of the Razer Blade 14. And the Dell G15, which is one of our picks for the best budget gaming laptop, is down to only $1,000 — that's a genuine steal. Black Friday gaming laptop deal FAQsIs Black Friday a good time to buy a gaming laptop? For more recommendations about what sort of gaming laptop you might want, check out our guide to the best gaming laptops in 2023.

Persons: you've, they're Organizations: Dell, Asus, Razer, Black, Intel, AMD, Nvidia

I've served as Business Insider's main PC gaming reporter for a while now, so I know a thing or two about how graphics cards stack up to one another. The deals below are some of the best Black Friday graphics card deals I've found. AMD Radeon cards tend to offer more power per dollar spent, but Nvidia RTX cards handle features like ray-tracing better. Obviously if you're buying one of these cards, you're either building your own PC or upgrading one you already own. But if you're interested in buying a pre-built gaming PC with one of these cards, check out our guide to the best gaming PCs for some recommendations.

Persons: I've, It's Organizations: Nvidia, AMD

☆ Nvidia hit the quarter and guidance out of the park. We don't see that changing
▼ + stars: | 2023-11-21 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Bottom line This was a very strong quarter, with almost nothing to nitpick. This year's rapid Data Center sales growth we've seen has been driven largely by cloud providers and enterprises. Sales to China and other impacted regions have, in the past few quarters, accounted for 20% to 25% of Data Center sales. However, the team added that they "believe the decline will be more than offset by strong growth in other regions." Guidance Looking ahead to Nvidia's fourth quarter of fiscal 2024, we once again got far stronger guidance than Wall Street was modeling.

Persons: We're, Ada Lovelace, Jim Cramer's, Jim Cramer, Jim, Jensen Huang Organizations: Nvidia, Revenue, Automotive, Data Center, Microsoft, Oracle, U.S, Data, Gaming, Ada, Nvidia's Automotive, Wall, CNBC, Getty Locations: China, Taiwan

☆ GKN Aerospace-owner Melrose lifts 2023 profit expectations
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Hannah McKay/File Photo Acquire Licensing RightsNov 16 (Reuters) - British aerospace supplier Melrose (MRON.L) said on Thursday it expected 2023 profit to be 7% higher than its previous expectations, partly driven by stronger aftermarket demand and improved pricing. The owner of GKN Aerospace, which counts Airbus (AIR.PA) and Boeing (BA.N) as its top customers, said trading and margin performance during the four month ended Oct. 31 was better than its previous expectations. Melrose, which spun off its auto and other businesses in April to become a pure-play aerospace supplier, now expects an adjusted core profit of 680 million pounds to 700 million pounds ($842.5-$867.2 million) for the year ending Dec. 31. In September, Melrose flagged a potential cash hit of about 200 million pounds through 2026 after Pratt & Whitney parent RTX (RTX.N) warned of grounding of some engine variants for quality checks. GKN Aerospace has a 4% programme share on the GTF PW1100G variant impacted by this issue.

Persons: Hannah McKay, Pratt & Whitney, Yadarisa Shabong, Aby Jose Koilparambil, Savio D'Souza Organizations: REUTERS, Melrose, GKN Aerospace, Boeing, Pratt &, Thomson Locations: GKN, Redditch, Britain, British, Bengaluru

☆ Here are Wednesday's biggest analyst calls: Nvidia, Netflix, Apple, Disney, Affirm, Dollar Tree, DraftKings & more
▼ + stars: | 2023-11-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

UBS reiterates Apple as neutral UBS said its survey checks show wait times for Apple's iPhone Pro have subsided. Wells Fargo initiates Matador Energy as overweight Wells said the energy company has a "strong track record of growth." Citi upgrades Vipshop to buy from neutral Citi upgraded the e-commerce company after its earnings report. Bank of America upgrades American Eagle to neutral from underperform Bank of America upgraded the stock ahead of earnings next week. Morgan Stanley reiterates DraftKings as overweight Morgan Stanley said it sees more upside for the stock after its investor day. "

Persons: Holley, Jefferies, Wells, Morgan Stanley downgrades Energizer, Morgan Stanley, Bracken Darrell, Matt Puckett, Investor Relations Allegra Perry, Redburn, RTX, Mizuho, AFRM, Cantor Fitzgerald downgrades, Myers, Cantor, We've, it's, DraftKings Organizations: Jefferies, UBS, Apple, Matador Energy, Citi, Bank of America, underperform Bank of America, Barclays, American, Bears, Netflix, Netflix Inc, Air Corp, Vertiv Holdings Co, Wells Fargo, Warner Music Group, JPMorgan, Corp, Investor Relations, Brands Conference, Raytheon, Canadian, TAM, Deutsche Bank, Disney, Deutsche, Nvidia, Partners Locations: China, Europe, Japan, AXP, Paris, CSIQ, Bristol, F4Q

☆ Boeing to boost production capacity for Patriot missile sensors
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

A Boeing logo is seen at the company's technology and engineering center in Sao Jose dos Campos, Sao Paulo state, Brazil October 10, 2023. REUTERS/Gabriel Araujo Acquire Licensing RightsNov 13 (Reuters) - Boeing (BA.N) said on Monday it will increase Huntsville factory production capacity for sensors that are used to guide Patriot missiles to their targets to meet rising air and missile defense needs worldwide. The facility with increased production capacity, expected to be operational in early 2027, will enable Boeing to increase annual PAC-3 (Patriot Advanced Capability-3) seeker production by more than 30%, the company said. Ukraine has used Patriot missiles in its effort to repel Russia's invasion. Patriot, which stands for Phased Array Tracking Radar for Intercept on Target, is considered one of the most advanced air defense systems in the U.S. arsenal.

Persons: Sao Jose dos Campos, Gabriel Araujo, Lockheed Martin, Aatreyee Dasgupta, Shounak Dasgupta Organizations: Boeing, REUTERS, Lockheed, Thomson Locations: Sao Jose, Sao Paulo state, Brazil, Huntsville, United, Ukraine, U.S, Bengaluru

☆ Growing geopolitical conflicts have some investors feeling guilty about buying defense stocks
▼ + stars: | 2023-11-12 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

He went on to list the names and performances of defense-focused funds including the iShares U.S. Aerospace & Defense ETF (ITA) and the SPDR S&P Aerospace & Defense ETF (XAR) . As the latest geopolitical conflict escalates, these investors are ignoring defense stocks despite the market axiom that those holdings tend to perform better in times of war. Indeed, the iShares U.S. Aerospace & Defense ETF popped more than 4% in the week following Hamas' Oct. 7 attack and went on to finish October up about 3.7%. Ignoring market wisdomRetail traders poured into defense stocks and funds in the aftermath of the invasion, but inflows have since cooled, according to Vanda Research. But not everyone sees the intensifying conflict as a moment to invest in defense stocks.

Persons: Kenneth Suna, Suna, Vanda, Sow, Andrew Behar, it's, Behar, Hannah Beier, Jason Aiken Organizations: Raytheon, U.S . Aerospace & Defense ETF, P Aerospace & Defense ETF, D.C, CNBC, U.S . Aerospace & Defense, Vanda Research . Defense, Trust, Scranton Army, Plant, Getty, General, Funds Locations: Israel, U.S, Washington, Scranton, Scranton , Pennsylvania, Russia, Ukraine

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