에 대한 최신 뉴스 Northrop Grumman (NYSE:NOC) 주식

Northrop Grumman

Northrop Grumman is a diversified defense contractor providing aeronautics, defense, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber. Defense systems makes artillery and missile ammunition and guidance systems, missile defense systems, and maintains and upgrades numerous military aircraft. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.

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벤징가는 지난주 많은 투자자들이 선호하는 주식들의 전망을 조사한 결과를 바탕으로, 다음과 같이 주요 뉴스 몇 가지를 요약했다.
이번 주 다우 지수는 1.8% 하락했고, S&amp;P 500은 0.6% 하락하여 3주 연속 상승세를 마감했다. 반면, 나스닥은 0.3% 상승하며 상승세를 지속했는데, 이는 기술 및 인공지능(AI)에 대한 낙관론에 힘입은 것이다.

벤징가 불스 앤 베어스: 테슬라, 엔비디아, 마이크로스트레티지, 달러 트리 및 도지코인

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미국 방산 부문은 2025년의 혼란을 대비하고 있다. 이는 골드만삭스가 방산 산업의 주요 기업들을 하향 조정하고, 펜타곤 예산 감소 및 마진 압박과 관련된 위험을 언급하며 다른 방산 주식에 대해 부정적인 전망을 재확인한 데 따른 것다.

트럼프 DOGE의 지출 삭감 목표에 방산주는 역풍에 직면: 골드만삭스

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11월 14일 목요일 주식이 매도세에 접어든 후, 시장은 다시 방산 주식에 베팅하는 것 같다. 이는 중동의 갈등이 격화되고 지정학적 긴장이 이 섹터 주식의 수익성을 높이는 상황에서 발생한 일이다.

지난 15년 동안 록히드 마틴, 노스롭 그루먼 및 방위산업 ETF는 S&amp;P 500을 능가: 요인은?

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Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
The Dow dropped 1.8% this week, while the S&amp;P 500 fell 0.6%, ending a three-week winning streak. Meanwhile, the Nasdaq gained 0.3%, continuing its climb, driven by optimism in tech and artificial intelligence. 
The Nasdaq 100, boosted by the Magnificent Seven, reached record highs, approaching the 22,000 mark and logging a 30% year-to-date gain. Five of the group's stocks, including Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), hit new highs, with their combined market value <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42492966/ai-driven-rally-pushes-tech-stocks-to-records-broadcom-enters-trillion-dollar-club-inflation-data-flashes-warning-signal-this-week-in-the-markets">surpassing $18 trillion.</a>
Inflationary pressures also persisted in November, with the Consumer Price Index rising 2.7% year-over-year, marking the second consecutive annual increase and presenting challenges for the Federal Reserve's 2% target. Shelter costs, which rose 0.3%, accounted for 40% of the monthly CPI gain, underscoring the sticky nature of inflation despite <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42436676/inflation-rises-as-expected-in-november-sustain-hopes-for-next-weeks-fed-interest-rate-cut">earlier signs of disinflation.</a>
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42449593/tesla-stock-is-analysts-top-2025-sector-pick-elon-musks-political-involvement-will-accelerate-teslas-journey-beyond-autos">Tesla Is Analyst&#8217;s Top 2025 Stock Pick: Elon Musk Political Involvement May &#8216;Accelerate&#8217; EV Maker Beyond Autos</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, highlights Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) as an analyst&#8217;s top automotive pick for 2025, citing Elon Musk's political influence as a catalyst for Tesla&#8217;s expansion into AI, robotics, and renewable energy beyond its core automotive business.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42405504/dogecoin-can-touch-18-if-things-go-wild-says-influential-crypto-trader-thankful-for-the-dip-and-will-buy-more">Dogecoin Can Touch $18 If Things &#8216;Go Wild,&#8217; Says Influential Crypto Trader: &#8216;Thankful For The Dip And Will Buy More&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a>, shares a crypto analyst&#8217;s bullish prediction for Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), targeting $3 with a potential high of $18 in a &#8220;wild&#8221; scenario, while using dips between $0.40 and $0.30 to increase holdings early in the bull cycle.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42433049/microstrategy-nasdaq-100-inclusion-on-the-horizon-could-spell-59-upside-says-bernstein">MicroStrategy: Nasdaq 100 Inclusion On The Horizon Could Spell 59% Upside, Says Bernstein</a>,&#8221; by <a href="https://www.benzinga.com/author/murtuza-merchant">Murtuza Merchant</a>, highlights the significance of MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) joining the Nasdaq 100. Bernstein projects the move could enhance visibility, drive $2.1 billion in ETF inflows, and support a $600 price target, underpinned by the company's Bitcoin-centric growth strategy.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42433831/bitcoin-to-200000-ethereum-to-7000-solana-to-750-in-2025-predicts-bitwise">Bitcoin To $200,000, Ethereum To $7,000, Solana To $750 In 2025, Predicts Bitwise</a>
<a href="https://www.benzinga.com/24/12/42453057/palantir-positioned-to-become-the-next-oracle-in-2025-says-dan-ives-messi-of-ai-set-for-breakout-year">Palantir Positioned To Become &#8216;The Next&#8217; Oracle In 2025, Says Dan Ives: &#8216;Messi Of AI&#8217; Set For Breakout Year</a>
<a href="https://www.benzinga.com/general/space/24/12/42412982/russell-2000-high-flyers-4-stocks-shaping-2024-with-quantum-ai-nuclear-space">Russell 2000 High Flyers: 4 Stocks Shaping 2024 With Quantum, AI, Nuclear, Space</a>
The Bears
&#8220;<a href="https://www.benzinga.com/news/legal/24/12/42404352/nvidia-china-antitrust-probe-may-remain-unsolved-in-near-term-says-top-analyst-investors-should-be-prepared-for-increased-scrutiny">Nvidia China Antitrust Probe May &#8216;Remain Unsolved&#8217; In Near Term Says Top Analyst; Investors Should Be Prepared For Increased Scrutiny</a>,&#8221; by <a href="https://www.benzinga.com/author/ananya-gairola">Ananya Gairola</a>, discusses China&#8217;s investigation into NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) for potential anti-competitive practices, with TF Securities&#8217; Ming-Chi Kuo predicting limited short-term financial impact but warning of escalating scrutiny, including possible future CUDA-related probes.
&#8220;<a href="https://www.benzinga.com/news/global/24/12/42402629/trump-to-change-dollar-stores-for-good-dollar-tree-exec-says-prepared-to-act">Trump To Change Dollar Stores For Good? Dollar Tree Exec Says &#8216;Prepared To Act&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, highlights Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) and Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) bracing for cost pressures from proposed tariffs, with Dollar Tree's CEO stating the company is ready to adapt its pricing and supply strategies.
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42468190/defense-stocks-face-headwinds-as-trumps-doge-targets-spending-cuts-goldman-sachs-downgrades-general-dynamics-to-sell">Defense Stocks Face Headwinds As Trump&#8217;s DOGE Targets Spending Cuts: Goldman Sachs Downgrades General Dynamics</a>,&#8221; by <a href="https://www.benzinga.com/author/piero-cingari">Piero Cingari</a>, reports Goldman Sachs&#8217; downgrade of General Dynamics Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) to Sell, citing risks from Donald Trump&#8216;s Department of Government Efficiency&#8217;s potential Pentagon budget cuts, while Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) remain under scrutiny for valuation concerns and slowing growth.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/markets/24/12/42452944/larry-summers-cautions-on-trumps-tariffs-and-tax-cuts-markets-are-hair-trigger-sensitive-to-inflation">Larry Summers Warns Of Nixon-Era Risks In Trump&#8217;s Term: Policies Could Trigger &#8216;Significantly Larger&#8217; Inflation</a>
<a href="https://www.benzinga.com/media/24/12/42482813/intel-cfo-hints-at-possible-division-split-as-company-struggles-to-recapture-moat">Intel CFO Hints at Possible Division Split as Company Struggles To Recapture Moat</a>
<a href="https://www.benzinga.com/markets/24/12/42430772/janet-yellen-warns-trump-tariffs-could-undermine-confidence-in-financial-markets-and-raise-american-household-costs">Janet Yellen Warns Trump Tariffs Could &#8216;Undermine Confidence In Financial Markets&#8217; And Raise American Household Costs</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
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Benzinga Bulls And Bears: Tesla, Nvidia, MicroStrategy, Dollar Tree, And Dogecoin Prediction Of $18 In 'Wild' Scenario

The U.S. defense sector is bracing for turbulence in 2025 as Goldman Sachs downgraded a key player in the industry and reiterated a bearish outlook on other defense stocks, citing risks tied to a slowing Pentagon <a href="https://www.benzinga.com/topic/donald-trump">budget and margin pressures.</a>
The defense budget, which has more than doubled over the past decade, could see deceleration — or even contraction — under the watch of Donald Trump's newly formed Department of Government Efficiency led by Elon Musk and Vivek Ramaswamy. 
"We remain cautious on defense stocks as we see decelerating and potentially negative growth in the forward U.S. Department of Defense budget," Goldman Sachs analyst Noah Poponak said in a note Thursday. 
Goldman downgraded General Dynamics Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) from Neutral to Sell, citing fundamental challenges across all four of its business segments.
<h1 class="wp-block-heading">Can The Defense Budget Escape DOGE Spending Cuts?</h1>
Goldman warned that defense spending may have peaked, creating "tough compares" for future growth. 
Historically, defense spending has moved in decade-long cycles, and the current high base of investment means the next phase could be one of contraction. 
Poponak also highlighted the incoming Trump administration appears eager to wind down U.S. involvement in foreign conflicts, further reducing the case for large-scale defense spending.
Poponak indicated the Pentagon's procurement efficiency as "imperfect," which could make defense spending an attractive target for cuts. Given that defense represents a significant chunk of the federal budget, trimming it may be unavoidable as DOGE seeks to deliver cost savings.
&#8220;If DOGE wants to substantially reduce total U.S. government spending, it is hard to avoid DoD,&#8221; Goldman Sachs wrote.
<h1 class="wp-block-heading">Structural Margin Pressures And Valuation Risks</h1>
Beyond the potential for lower top-line growth, defense contractors are grappling with long-term pressures on profitability. Over the past few years, the Pentagon has tightened contractual terms, effectively shifting cost risks to contractors.
"While the rate of decline may be slowing, we think margins are now structurally lower moving forward vs. the last decade," Poponak said.
DOGE could exacerbate this trend by advocating for more fixed-price contracts, even in the early stages of programs, a move that would further constrain profitability. 
Yet despite these challenges, defense stocks as a group continue to trade above their historical valuation averages. 
"Defense stocks trade above their historical average valuation level as a group, with some individual names at their high-end and a premium to the equity market," Poponak commented. 
<h1 class="wp-block-heading">Goldman Sachs Reiterates Sell Recommendations On Defense Contractors</h1>
According to Goldman Sachs, the General Dynamics downgrade reflects weaker-than-peer growth in its Technologies division, margin pressures in Marine shipbuilding, reduced supplemental funding at Combat, and delivery challenges at Gulfstream that are weighing on profitability.
"While General Dynamics trades at a discount to Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>), valuation is at a level where it could derate if earnings power is disappointing the market," Poponak said.
Goldman Sachs also trimmed the 12-month price target on General Dynamics from $283 to $245. 
Lockheed Martin, often seen as the bellwether of the defense industry, also remains on the Sell list from Goldman Sachs. 
The analyst flagged risks related to the F-35 program, which has already been named as a potential target by DOGE leadership. 
"LMT currently has a large positive net pension benefit in its free cash flow, and we expect free cash to be near flat the next several years," Poponak said, adding that the company trades at 23 times estimated 2025 earnings, a steep premium for a stock facing margin and spending risks.
Northrop Grumman holds a similar Sell rating, with Goldman expressing concerns about slowing growth in its flagship B-21 bomber program. Poponak highlighted that NOC trades at 20 times the estimated 2025 earnings and warned of "incremental margin risk" ahead.
Huntington Ingalls Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>) is also struggling under margin pressures. Its shipbuilding business, plagued by labor shortages and cost overruns, could see profitability erode further, according to the investment bank. 
The company's recent results revealed weaker recurring margins than previously assumed, with guidance pointing to near-term margins as low as 5%, far below historical levels.
Goldman also reaffirmed its Sell ratings on L3 Harris Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>) and Mercury Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRCY#NASDAQ">MRCY</a>), citing slower growth, operational risks, and valuation concerns.
<h1 class="wp-block-heading">Market Reactions</h1>
Shares of General Dynamics fell 1.01% on Thursday, while the broader industry — as tracked by the iShares U.S. Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITA#NYSE">ITA</a>) – fell 0.64%.
Lockheed Martin fell 1.52%, hitting lows last seen on July 23, 2024.
Read Next: 
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Photo: Courtesy General Dynamics

Defense Stocks Face Headwinds As Trump's DOGE Targets Spending Cuts: Goldman Sachs Downgrades General Dynamics

Buybacks

Northrop Grumman Announces Additional $3B Share Repurchase Authorization

Wells Fargo analyst Matthew Akers maintains Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) with a Equal-Weight and lowers the price target from $565 to $505.

Analyst Ratings

Wells Fargo Maintains Equal-Weight on Northrop Grumman, Lowers Price Target to $505

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President-Elect Donald J. Trump Posts On Truth "I am delighted to nominate Jared Isaacman, an accomplished business leader, philanthropist, pilot, and astronaut, as Administrator of the National Aeronautics and Space Administration (NASA)..."

Amid rising tensions between the United States and China, a senior adviser from Beijing has issued a stark warning about the potential repercussions of President-elect Donald Trump&#8216;s proposed tariffs on Chinese goods. The adviser highlighted the significant impact these tariffs could have on the U.S. economy, particularly the defense sector.
What Happened: Ding Yifan, a researcher at the State Council&#8217;s Development Research Center, cautioned that Trump&#8217;s plan to impose a 60% tariff could severely affect American manufacturers. This includes the defense industry, which relies heavily on affordable components from China, the Financial Times <a href="https://www.ft.com/content/6d0484e8-e65f-478d-8548-4e3aa37ed339">reported</a> on Tuesday.
Ding stated that such tariffs could potentially reduce U.S. GDP growth by half. He also noted that Chinese suppliers might bypass these tariffs by rerouting products through other countries. His comments were made during a government-organized briefing for international media.
See Also: <a href="https://www.benzinga.com/news/global/24/11/41889911/whats-going-on-with-china-based-stocks-alibaba-jd-com-pdd-holdings-baidu-nio?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With China-Based Stocks Alibaba, JD.com, PDD Holdings, Baidu, Nio?</a>
He emphasized the crucial role of Chinese suppliers for U.S. military enterprises, warning that production could face significant disruptions without these supplies. 
"If [U.S. leaders] really implement the policies for trade friction or a confrontation, it will have severe consequences," Ding said.
Additionally, Ding pointed out that American consumers have historically shouldered the cost of tariffs, citing studies from the Peterson Institute for International Economics. He suggested that while China could mitigate some impacts by shifting trade routes, the U.S. might face greater economic turmoil.
Why It Matters: The warning from Beijing comes as Chinese President Xi Jinping <a href="https://www.benzinga.com/24/11/42025284/xi-jinping-tells-joe-biden-china-is-ready-to-work-with-trump-as-tariff-threat-looms">expressed China&#8217;s willingness </a>to collaborate with the U.S. government to manage differences and expand cooperation. This statement was made during a meeting with President Joe Biden, emphasizing China&#8217;s readiness to work with any U.S. administration.
Meanwhile, tech investor Peter Thiel has predicted that<a href="https://www.benzinga.com/markets/24/11/42028954/peter-thiel-says-trumps-60-china-tariff-would-be-very-very-bad-for-beijing-heres-whats-at-stake"> Trump&#8217;s proposed tariffs</a> would be detrimental to Chinese companies, though he believes the impact on American consumers would be &#8220;mildly negative.&#8221; Furthermore, Chinese tech giants like Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and ByteDance are expanding their presence in Silicon Valley, seeking to attract top U.S. talent in the AI sector amidst U.S. efforts to block progress.
Price Action: As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, defense stocks have risen over the past one year running up to the November presidential elections. In terms of year-to-date (YTD) returns, Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) saw a 16.41% increase, while Northrop Grumman Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) witnessed a 3.95% increase. Beleaguered company Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) was down by 42.85% due to its own trouble while Northrop Grumman Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) was up by 3.95%.
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/42025284/xi-jinping-tells-joe-biden-china-is-ready-to-work-with-trump-as-tariff-threat-looms?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Xi Jinping Tells Joe Biden: China Is &#8216;Ready To Work With&#8217; Trump As Tariff Threat Looms</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
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Trump's Tariffs Could Have 'Severe Consequences' For US Defense Sector, Beijing Adviser Warns

After a sell-off on Thursday, Nov. 14 the street seems to be betting on the defense stocks again. This comes as the conflict in the Middle East escalates and geopolitical tensions ratchet the payoffs for the stocks in this sector.
What Happened: As defense stocks become lucrative with rising tension, David Wagner, portfolio manager at Aptus Capital Advisors says that "this is more than just a geopolitical play.&#8221; He sees further upside in the defense and aerospace areas, despite current rich valuations, as per a <a href="https://www.bloomberg.com/news/articles/2024-10-08/wall-street-sees-more-room-for-defense-stocks-torrid-advance?embedded-checkout=true">Bloomberg</a> report.
As per the<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro</a> data, the S&amp;P 500 Aerospace &amp; Defense Industry Index has risen by 15.33% year-to-date, whereas Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), Rtx Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) and iShares U.S. Aerospace &amp; Defense ETF (ACRA: ITA) have all outperformed the index at 17.26%, 39.09% and 20.09%, respectively in the same period.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="308" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18073042/Defense-stocks--1024x308.png" alt="" class="wp-image-652786" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18073042/Defense-stocks--1024x308.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18073042/Defense-stocks--300x90.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18073042/Defense-stocks--768x231.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18073042/Defense-stocks-.png 1080w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
On a 15-year basis, Lockheed Martin has surged 603.08%, outperforming the iShares U.S. Aerospace &amp; Defense ETF, which rose 521%. Another notable up move was seen in the shares of Northrop Grumman Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) which have zoomed by 2,806% since its listing in May 2015. During the same period, S&amp;P 500 has risen 436%, while S&amp;P 500 Aerospace &amp; Defense, which started in 2012, gained 321.57%. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18073142/Stocks-Defense-15-year-1024x576.png" alt="" class="wp-image-652789" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18073142/Stocks-Defense-15-year-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18073142/Stocks-Defense-15-year-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18073142/Stocks-Defense-15-year-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18073142/Stocks-Defense-15-year-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18073142/Stocks-Defense-15-year.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Why It Matters: Defense stocks, also known as haven assets, are comprised of two major sub-groups — defense and aerospace — offering investors a relatively diversified profile. While some analysts think geopolitics will tick the share prices higher, others argue their higher valuations.
Historically, defense spending runs in decades-long cycles. Investment in the sector experiences periods of growth followed by downturns, and we may be nearing the peak of the current cycle, according to <a href="https://www.benzinga.com/government/regulations/24/11/42013424/trumps-musk-ramaswamy-doge-plan-what-it-means-for-defense-and-it-stocks">Goldman Sachs</a> analyst Noah Poponak.
"The defense budget is at an all-time high, which creates difficult comparisons and challenging base effects," the analyst said in a note published Friday.
<h3 class="wp-block-heading">Key Risks For Defense Stocks As Per Goldman Sachs</h3>
<ol>
<li>Peak Spending: The defense budget is hovering at historical highs, making future growth difficult.</li>
<li>Geopolitical Shifts: If major conflicts ease, defense spending could decline.</li>
<li>Government Debt: U.S. debt-to-GDP ratios are near record levels, increasing pressure to curb federal spending.</li>
</ol>
Also read: <a href="https://www.benzinga.com/government/regulations/24/11/42013424/trumps-musk-ramaswamy-doge-plan-what-it-means-for-defense-and-it-stocks">Trump&#8217;s DOGE Plan: Goldman Sachs Says Defense Stocks Face Risks, IT Firms Could Win</a>
Speaking to Bloomberg about the fundamentals of the defense stocks, Keith Lerner, co-chief investment officer at Truist Advisory Services said, "Valuations are rich for the group, so that may cap the upside. If the economy slows down more than expected or we see a short-term de-escalation in the Middle East that could also weigh on the group,&#8221; he added.
However, a few analysts like Cole Wilcox, portfolio manager at Longboard Asset Management said, &#8220;Unfortunately we are in a cycle of high and growing conflict around the world. This is driving increased demand for defense spending that is likely to persist for a very long time."
Read next: <a href="https://www.benzinga.com/markets/equities/24/11/42029975/cathie-wood-redirects-elon-musks-doge-focus-toward-nuclear-energy-amid-regulatory-challenges-heres-how-oklo-cameco-centrus-energy-and-other-stocks-performed">Cathie Wood Redirects Elon Musk&#8217;s DOGE Focus Toward Nuclear Energy Amid Regulatory Challenges: Here&#8217;s How Oklo, Cameco, Centrus Energy And Other Stocks Performed</a>
Image via LockheedMartin

Lockheed Martin, Northrop Grumman, Defense ETFs Outperform S&P 500 Over The Last 15 Years — What's Driving The Growth? Analysts Decode

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/11/2024-11-15_08h38_46.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Powell Speaks The Truth</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-powell-speech-trump-appointments-spy-mc-11152024">click here</a> for an enlarged chart of SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) which represents the benchmark stock market index S&amp;P 500 (SPX).
Note the following:
<ul>
<li>It is worth a reminder that The Arora Report is politically agnostic.&nbsp; Our sole job is to help our members extract the maximum amount of money out of the markets with the least possible risk.</li>
<li>The price action on the chart shows that the rip roaring Trump rally is taking a breather.</li>
<li>The chart shows that the stock market is still above the breakout line.</li>
<li>RSI on the chart shows that the stock market has pulled back, reflecting a loss of momentum. The stock market is still overbought.</li>
<li>The chart shows that the volume remains low.&nbsp; This indicates that institutional investors are not rushing to buy stocks.</li>
<li>Yesterday, Powell spoke that truth – the market did not like it.&nbsp; Powell said, "The economy is not sending any signals that we need to be in a hurry to lower rates."&nbsp; Powell elaborated, "The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully."</li>
<li>Powell's remarks brought some selling into stocks and bonds.</li>
<li>This morning, in the early trade, selling continues.</li>
<li>The reason for some selling is that the prevailing wisdom on Wall Street has been that another rate cut in December was a sure thing.&nbsp; The Arora Report has been questioning Wall Street's wisdom and sharing with you that the data does not support another rate cut.</li>
<li>Some conservative commentators are upset believing that the reason Powell started rate cuts with a 50 bps cut was to help Kamala Harris get elected.&nbsp; Now that Trump has been elected, Powell is in no hurry to cut rates.</li>
<li>In The Arora Report analysis, even though the data does not support a rate cut in December, Powell is going to feel pressure from Trump and Republicans to cut rates.&nbsp; There is also a significant amount of data between now and the December Fed meeting.</li>
<li>In The Arora Report analysis, based on a 360 degree view, including the political pressure and the pressure from Wall Street to cut rates, the probability of a rate cut in December is now about 60%.&nbsp;&nbsp;</li>
<li>There is consternation about several Trump picks.&nbsp; Impacting the market most are Trump's picks of RKF Jr, Matt Gaetz, and Pete Hegseth.&nbsp; These picks are bringing selling in vaccine makers such as Moderna Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>), BioNTech SE ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>), Novavax Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>), Merck &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>), and Pfizer Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>).&nbsp; There is also selling in other healthcare stocks, including weight loss drug companies Eli Lilly And Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) and Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>), and packaged food stocks such as The Kraft Heinz Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>).&nbsp; There is also selling in defense stocks such as Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), Northrop Grumman Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>), and Rtx Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>).&nbsp; There is also selling in big tech stocks.</li>
<li>The latest economic data is strong.&nbsp; The U.S. economy is about 70% consumer based.&nbsp; For this reason, prudent investors pay attention to retail sales.&nbsp; Here are the details of the just released data:
<ul>
<li>Retail sales came at 0.4% vs. 0.3% consensus.</li>
<li>Retail sales ex-auto came at 0.1% vs. 0.2% consensus.</li>
</ul>
</li>
<li>There are hundreds of indicators.&nbsp; At The Arora Report, the system has been refined through decades of research to share with you only those indicators that matter.&nbsp; Normally, we do not mention the NY Fed Empire State Manufacturing Index.&nbsp; Today, we are mentioning it due to its exceptional strength.&nbsp; The index came at 31.2 vs. 3.3 consensus.&nbsp; This indicates that manufacturing in the New York area has picked up steam. &nbsp; If similar strength is happening in the rest of the country, that would argue against further cutting interest rates. The problem for investors is that stock valuations are so high that to sustain them, rate cuts are needed.&nbsp;&nbsp;</li>
</ul>
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
In the early trade, money flows are negative in S&amp;P 500 ETF (SPY) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Even the slightest dips in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) are being bought.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Market Summary

Federal Reserve

$BTC

AMZN

BNTX

GOOG

MRNA

MSFT

NVAX

Powell Speaks The Truth - Market Does Not Like It, Consternation About Kennedy, Gaetz, And Hegseth

President-elect Donald Trump's proposed Department of Government Efficiency (DOGE), led by Elon Musk and Vivek Ramaswamy, is raising questions about the future of U.S. defense contractors <a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">and government IT firms. </a>
Could the defense budget flatten—or even fall? And who stands to gain in this new sector shake up?
<h3 class="wp-block-heading">DOGE Puts Defense Budget Under Pressure</h3>
Trump's plan to restructure federal agencies and reduce wasteful spending through DOGE is a bold move, and its potential ripple effects are hard to ignore—especially for defense and government IT companies. 
With the Department of Defense (DoD) being one of the largest slices of federal spending, investors are understandably focused on what's next for defense stocks in a DOGE-driven world.
On one hand, Trump's campaign has consistently expressed support for strengthening the U.S. military. 
On the other, it's hard to make sweeping government cuts without touching the $877 billion defense budget, which accounts for 13% of federal spending as of 2023.
Read Also: <a href="https://www.benzinga.com/24/11/41965420/department-of-government-efficiency-led-by-elon-musk-and-vivek-ramaswamy-opens-x-account-with-username-doge">Elon Musk, Vivek Ramaswamy-Led Department Of Government Efficiency Opens Account On X</a>
<h3 class="wp-block-heading">Defense Spending At All-Time Highs Spells Risks</h3>
Historically, defense spending runs in decades-long cycles. Investment in the sector experiences periods of growth followed by downturns, and we may be nearing the peak of the current cycle, according to Goldman Sachs analyst Noah Poponak.
 &#8220;The defense budget is at an all-time high, which creates difficult comparisons and challenging base effects,&#8221; the analyst said in a note published Friday. 
<h3 class="wp-block-heading">Key Risks For Defense Stocks</h3>
<ol>
<li>Peak Spending: The defense budget is hovering at historical highs, making future growth difficult.</li>
<li>Geopolitical Shifts: If major conflicts ease, defense spending could decline.</li>
<li>Government Debt: U.S. debt-to-GDP ratios are near record levels, increasing pressure to curb federal spending.</li>
</ol>
Margins in the defense industry are already under pressure due to Pentagon efforts to shift risks onto contractors. Fixed pricing on long-term contracts, for example, has eroded unit economics. 
At the same time, defense stocks – as tracked by the SPDR S&amp;P Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XAR#NYSE">XAR</a>) – are trading at valuations above historical averages, leaving them vulnerable to a "de-rating" if the budget flattens or falls.
&#8220;It is difficult to embark on any large government spending reduction effort without touching defense, and there are potentially enough inefficiencies within the defense budget to reduce its total level without necessarily reducing military readiness or capability,&#8221; Poponak said. 
The investment bank maintains a cautious stance on the defense sector, issuing Sell ratings for Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>), L3Harris Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>), and Huntington Ingalls Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>).
<h3 class="wp-block-heading">Government IT: Winners In The Efficiency Game?</h3>
While defense hardware could take a hit, government IT firms might find themselves potentially on the winning side of DOGE. 
The sector has been outperforming traditional defense industries in revenue growth, driven by a market share shift toward advanced technologies like artificial intelligence, data analytics, and cybersecurity.
<h3 class="wp-block-heading">Why IT Could Shine:</h3>
<ul>
<li>Tech-Driven Efficiency: DOGE's focus on cutting waste could emphasize the adoption of technologies that streamline government operations.</li>
<li>Advanced Capabilities: Firms offering cutting-edge solutions may be seen as key enablers of government efficiency.</li>
<li>Resilient Demand: Even with DoD cuts, IT spending for Operations &amp; Maintenance and national security could remain strong.</li>
</ul>
Goldman Sachs believes that companies like Booz Allen Hamilton Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) and Leidos Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) are well-positioned to benefit.
On the flip side, SAIC Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NYSE">SAIC</a>) faces challenges due to slower growth and tougher competition, earning it a Sell rating from Goldman Sachs.
The bottom line is that Investors should prepare for a sector shakeup, as the creation of DOGE could mark a significant shift in federal spending priorities.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/11/42006982/activist-investor-nelson-peltz-says-he-was-a-matchmaker-for-elon-musk-with-donald-trump">Activist Investor Nelson Peltz Says He Was &#8216;A Matchmaker&#8217; For Elon Musk With Donald Trump</a></li>
</ul>
Photo: Shutterstock

Contracts

Tech

LDOS

SAIC

Trump's DOGE Plan: Goldman Sachs Says Defense Stocks Face Risks, IT Firms Could Win

<a href="https://www.wsj.com/business/boeing-hires-northrop-executive-to-revamp-pentagon-projects-d64dab73?mod=latest_headlines">https://www.wsj.com/business/boeing-hires-northrop-executive-to-revamp-pentagon-projects-d64dab73?mod=latest_headlines</a>
<a href="https://www.wsj.com/market-data/quotes/BA">Boeing</a> has poached an executive from defense rival <a href="https://www.wsj.com/market-data/quotes/NOC">Northrop Grumman</a> to run its Phantom Works division, which oversees research efforts for its Pentagon business and is involved in bidding for U.S. government projects.
Colin Miler, a former Air Force commander who oversaw aeronautics engineering at Northrop, will take over the division, the jet maker told employees on Thursday. The Phantom Works division is also being combined into a single business unit. It currently is divided into separate organizations within Boeing's defense business.&nbsp;

Management

'Boeing Hires Northrop Executive To Revamp Pentagon Projects; Aerospace Giant Has Been Losing Billions On Military Contracts' - WSJ

Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) shares nudged up by 1.07% on Monday as reports emerged that Taiwan might be loading up on U.S. defense tech, with Lockheed's Aegis destroyer and F-35 fighter jets at <a href="https://www.benzinga.com/quote/LMT/news">the top of the list</a>. 
This potential <a href="https://www.tipranks.com/news/lockheed-martin-lmt-stock-rises-on-news-of-taiwan-defense-purchase">purchase</a> aligns with Taiwan&#8217;s move to show its defense commitment amid rising tensions with China, a sentiment that resonates with the U.S.'s call for allies to step up their defense investments.
Taiwan is also looking to buy Patriot missiles from RTX Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) and Northrop Grumman Corp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) E-2D Advanced Hawkeye radar systems, underscoring its efforts to bolster self-defense.
Read Also: <a href="https://www.benzinga.com/news/24/11/41803738/invesco-launches-new-etfs-targeting-ai-cybersecurity-and-defense-heres-how-some-of-their-peers-have">Invesco Launches New ETFs Targeting AI, Cybersecurity, And Defense. Here&#8217;s How Some Of Their Peers Have Performed In The Past Year</a>
<h2 class="wp-block-heading">Lockheed Expands Horizons With New AI Defense Partnerships</h2>
Beyond traditional defense tech, Lockheed is <a href="https://www.benzinga.com//node/41735903">diving into AI</a> with new partnerships alongside Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>). 
Meta recently committed to making its open-source Llama AI models available for defense uses, working with Lockheed and others to integrate AI into national security applications. 
This expansion hints at Lockheed's strategic shift toward high-tech defense solutions, aligning with modern security demands.
<h2 class="wp-block-heading">Eye On Korea: Lockheed's Bid For CH-53K Choppers Deal</h2>
On the global front, Lockheed's Sikorsky unit is in the running for a multibillion-dollar <a href="https://www.koreatimes.co.kr/www/nation/2024/11/113_386184.html">contract </a>to supply heavy-lift CH-53K helicopters to South Korea, <a href="https://www.koreatimes.co.kr/www/nation/2024/11/113_386184.html">reported</a> TheKoreaTimes. 
This special ops chopper could find a new home in South Korea's military by 2031, though it's up against Boeing Co's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) CH-47F in a closely watched competition.
<h2 class="wp-block-heading">LMT Stock Chart Signals For Bulls &amp; Bears</h2>
Despite the bullish news, the charts show a mixed outlook for LMT stock. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="627" height="452" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12060829/Screenshot-2024-11-12-at-4.38.18-PM.png" alt="" class="wp-image-642499" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12060829/Screenshot-2024-11-12-at-4.38.18-PM.png 627w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12060829/Screenshot-2024-11-12-at-4.38.18-PM-300x216.png 300w" sizes="(max-width: 627px) 100vw, 627px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111224&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Trading at $570.58, LMT stock is above its eight, 20 and 200-day SMAs (simple moving averages), which signal strong support. 
However, the 50-day SMA, sitting at $578.05, shows slight selling pressure. 
The MACD (moving average convergence/divergence) reading of a negative 8.02 flags a potential downturn, while an RSI (relative strength index) of 51.57 signals a neutral stance, neither overbought nor oversold.
So, while Lockheed Martin has reason to celebrate with defense contracts and high-tech moves, investors might want to watch for potential pullbacks before jumping in.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/41891026/palantir-overtakes-lockheed-martin-in-market-cap-how-does-the-messi-of-ai-stack-up-against-the-traditional-defense-player">Palantir Overtakes Lockheed Martin In Market Cap, How Does The &#8216;Messi Of AI&#8217; Stack Up Against The Traditional Defense Player</a></li>
</ul>
Photo: Shutterstock

Asia

Technicals

Lockheed's Global Defense Expansion Drives Gains, While Technicals Hint At Pause

WIIM

Defense contractor companies are trading higher after the Pentagon granted permission to deploy in the Ukraine and repair US-supplied weaponry.

Macro Notification

Pentagon Lifts Ban On U.S. Defense Contractors In Ukraine To Repair US-Supplied Weaponry

<a href="https://www.semafor.com/article/11/07/2024/commercial-space-exploration-may-be-about-to-get-a-serious-boostv">https://www.semafor.com/article/11/07/2024/commercial-space-exploration-may-be-about-to-get-a-serious-boostv</a>
Among the industries set to gain most from the reelection of Donald Trump as US president, commercial space may be on the cusp of a new era of innovation.
In his first term, Trump made "<a href="https://spacepolicyonline.com/news/what-will-a-second-trump-term-mean-for-space-policy/">pretty dramatic</a>" space policy moves: He created the US Armed Forces' Space Force; he reestablished Space Command to take charge of military operations in space; and he helped kickstart NASA's program to return humans to the Moon.
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His second term could go further: One of Trump's biggest donors and supporters this cycle has been Elon Musk —&nbsp;his rocket company SpaceX already has multibillion-dollar contracts with NASA and other federal agencies, and could feasibly win far more over the next four years.
And, if Trump's <a href="https://www.semafor.com/newsletter/11/06/2024/semafor-tech-its-elon-musks-world">pledge to let Musk</a> cut costs out of the government comes to pass, Musk could erode some of the regulatory procedures that he argues are holding up SpaceX's development of a rocket to take humans and cargo to Mars.
Jeff Bezos' Blue Origin, one of SpaceX's top rivals for NASA contracts, could also stand to gain. Company executives reportedly met with Trump just before Bezos' paper The Washington Post <a href="https://www.semafor.com/article/10/27/2024/rivals-scramble-to-react-to-washington-post-endorsement-crisis">canceled a planned endorsement</a> of Kamala Harris. After Trump won, Bezos <a href="https://x.com/JeffBezos/status/1854184441511571765">congratulated</a> the Republican on his victory, while the head of Blue Origin hailed his reelection as "<a href="https://x.com/davill/status/1854187755267555432">exciting times for space exploration</a>."

'Private Space Exploration May Be About To Get A Serious Boost' - Semafor

Barclays analyst David Strauss maintains Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) with a Equal-Weight and raises the price target from $500 to $550.

Barclays Maintains Equal-Weight on Northrop Grumman, Raises Price Target to $550

U.S. Senator Jerry Moran Urges FAA To Speed Up Rocket Launch Licensing Process, 'Troubled' By 'Regulatory Inefficiency,'

UBS analyst Gavin Parsons maintains Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) with a Buy and raises the price target from $614 to $643.

UBS Maintains Buy on Northrop Grumman, Raises Price Target to $643

RBC Capital analyst Ken Herbert maintains Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) with a Sector Perform and raises the price target from $500 to $540.

RBC Capital Maintains Sector Perform on Northrop Grumman, Raises Price Target to $540

Susquehanna analyst Charles Minervino maintains Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) with a Positive and raises the price target from $560 to $625.

Susquehanna Maintains Positive on Northrop Grumman, Raises Price Target to $625

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Northrop Grumman announces new $3B share repurchase authorization

Northrop Grumman (NOC) announced that its board of directors has authorized an additional $3B for the repurchase of the company's common stock, inc...

Northrop Grumman increases share repurchase program by $3B

European NATO members said to weigh 3% defense spending target ahead of Trump's return

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Northrop Grumman: Double-Digit Free Cash Flow And Why I Am Buying More

Dividend Champion, Contender, And Challenger Highlights: Week Of December 15

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China's Antimony Export Restrictions Ignite Global Demand Surge: A Bullish Outlook on This Critical Mineral

Press Releases

Northrop Grumman to Participate in the Baird 2024 Global Industrial Conference

Easterly Government Properties Reports Third Quarter 2024 Results

Small Cap

Opinion

Global Antimony Shortage Is a Ticking Time Bomb for the U.S. Military

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Northrop Grumman Board Declares Quarterly Dividend

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Financing

Northrop Grumman Announces New $3 Billion Share Repurchase Authorization

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