The defense contractor reported second-quarter revenue of $5.88 billion, exceeding Wall Street expectations, driven by a surge in demand for its missile and munitions systems.
A market screen has identified a group of large-cap stocks in defensive sectors that may offer resilience during downturns, based on a combination of low market correlation, strong balance sheets, and non-cyclical demand.
BofA Securities designates Chevron as its top pick in the energy sector, citing a strengthened organic project pipeline and superior earnings leverage compared to rival ExxonMobil, which was downgraded to Neutral.
Shares of major U.S. wireless carriers declined Wednesday following a report that Elon Musk's SpaceX is planning to acquire spectrum to build a competing mobile network in major U.S. cities.
Bank of America has reiterated its Buy rating on Elanco Animal Health (NYSE:ELAN), naming it the firm's top pick in the sector, citing a clearer catalyst profile and potential for earnings upside compared to peers.
Investors seeking to hedge against market downturns often turn to negative beta assets, which include traditional safe havens like gold, specific stocks with acyclical business models, and high-risk inverse ETFs.
Shares of AI infrastructure providers Nebius and CoreWeave have dropped over 30% in the past month as investors react to new competition from Meta Platforms and company-specific concerns over spending and insider sales.
Following the Federal Reserve's decision to hold interest rates steady, semiconductors, healthcare, and energy stocks have significantly outperformed the broader market, according to data from Investing.com.
The U.S. Environmental Protection Agency is reportedly considering an extension to the Sept. 1 deadline for oil refiners to comply with 2025 biofuel mandates, as the industry faces soaring costs for renewable fuel credits.
