LMT, GE, RTX deliver earnings; None crack top 10 in the defense industry per SA quant metrics
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The aerospace and defense industry is on Wall Street’s radar on Tuesday with many big name corporations such as GE Aerospace (NYSE:GE), Lockheed Martin (NYSE:LMT), and RTX (NYSE:RTX) delivering their latest earnings figures. Moreover, another industry giant Boeing (BA), will announce its results on Wednesday.
While the big names offer their latest reports, it should be noted that they all seem to be left out of the top 10 list of aerospace and defense companies according to Seeking Alpha’s quant metrics.
Outlined below are Wall Street’s top 10 aerospace and defense stocks per SA’s quant grades:
No. 10: Rocket Lab USA (RKLB), quant rating of 3.48.
No. 9: Howmet Aerospace (HWM), quant rating of 3.48.
No. 8: Intuitive Machines (LUNR), quant rating of 3.49.
No. 7: General Dynamics (GD), quant rating of 3.62.
No. 6: Ducommun (DCO), quant rating of 4.12.
No. 5: Astronics (ATRO), quant rating of 4.30.
No. 4: Moog (MOG.A), quant rating of 4.57.
No. 3: Bombardier (OTCQX:BDRBF), quant rating of 4.72.
No. 2: Northrop Grumman (NOC), quant rating of 4.75.
No. 1: Embraer S.A. (ERJ), quant rating of 4.76.
For further information around the industrial aerospace and defense industry of the economy, investors can look to monitor a group of thematic exchange-traded funds that aim to offer the financial community exposure to the space.
Aerospace & Defense: (ITA), (PPA), (XAR), (SHLD), (FITE), and (DFEN).