Latest news with #JasonGursky
Straits Times
2 days ago
- Business
- Straits Times
SIA shares fall 1.9% in wake of Air India crash
Singapore Airlines holds a 25.1 per cent stake in Air India following the Indian carrier's merger with SIA-backed Vistara in November 2024. PHOTO: EPA-EFE SINGAPORE - Singapore Airlines (SIA) shares dropped on June 13, the day after an Air India plane crash that resulted in at least 265 casualties. Shares of SIA, which holds a 25.1 per cent stake in Air India, were down 13 cents to $6.90 as at 9.30am. The Straits Times Index meanwhile was down 0.5 per cent as Asian markets fell after Israel carried out airstrikes against targets in Iran, raising fears of fresh conflict in the Middle East. A day earlier, Air India Flight AI171 bound for London from Ahmedabad Airport crashed outside the airport perimeter minutes after taking off, killing 241 people on board. It also killed some people on the ground when it crashed into a medical college hostel. SIA's stake in Air India came about after the Indian flagship carrier merged with Vistara in November 2024. Before the merger, Vistara was jointly owned by Tata Sons and SIA. SIA's stake in the enlarged Air India allows it to participate directly in the fast-expanding Indian aviation market. SIA and Air India also have a codesharing partnership. In 2024, this partnership was expanded when the airlines announced the addition of 11 Indian cities and 40 international destinations to their codeshare network. The two carriers also said they will increase their weekly scheduled codeshare services to 56, up from 14, and will codeshare on each others' flights between Singapore and the Indian cities of Bengaluru and Chennai. SIA told The Straits Times on June 12 that it is 'offering full support and all necessary assistance to Air India during this time'. It adds: 'Singapore Airlines extends our deepest condolences to all passengers, crew members and their families affected by Air India Flight AI171. Our thoughts and prayers are with everyone impacted during this difficult time.' SIA in May posted a record $2.8 billion net profit for the year ended March 31, boosted by a one-off non-cash accounting gain of $1.1 billion from the Air India-Vistara merger. The Air India crash marks the first-ever complete loss of a 787 Dreamliner, which has had an exemplary safety record. The aircraft Boeing introduced more than a decade ago has become a vital source of revenue for the US planemaker, with 1,148 of the jets in service globally. 'It is still too early to tell what happened, though it seems this was not likely a manufacturing or design issue given the age and usage history of the aircraft,' Citi analyst Jason Gursky wrote in a client note on June 12. 'The stock will likely trade down until we learn more.' Boeing shares fell 4.8 per cent in New York on June 12, the biggest decline of any stock in the S&P 500 index. Sue-Ann Tan is a business correspondent at The Straits Times covering capital markets and sustainable finance. More on this Topic Air India crash latest test for new Boeing leadership Join ST's Telegram channel and get the latest breaking news delivered to you.
Yahoo
17-04-2025
- Business
- Yahoo
Is BWX Technologies (BWXT) Among the Best Mid Cap Defense Stocks to Buy According to Analysts?
We recently published a list of the 10 Best Mid Cap Defense Stocks to Buy According to Analysts. In this article, we will take a look at where BWX Technologies, Inc. (NYSE:BWXT) stands against other best mid cap defense stocks. Defense stocks have surged over the past week after President Trump unveiled plans for a $1 trillion defense budget for fiscal 2026, representing a 12% increase from the current year. Here is what he told reporters on April 7: 'Nobody's seen anything like it. We have to build our military and we're very cost-conscious, but the military is something that we have to build. And we have to be strong because you've got a lot of bad forces out there now. So we're going to be approving a budget and I'm proud to say actually, the biggest one we've ever done for the military.' READ ALSO: 10 Best Performing Defense Stocks So Far in 2025 and 10 Best Large Cap Defense Stocks to Buy Now. This is an encouraging development for America's defense sector, which had a subdued start to the year due to uncertainty around budget cuts. The creation of DOGE had also reshaped investors' views of the industry. Stocks got another boost last week after market chatter that tariff negotiations to address trade imbalances could include commitments from foreign countries to buy weapons from the US. On April 7, Vietnam's prime minister issued a statement, asking for a 45-day delay in the imposition of tariffs and stating his country would buy more American goods, including arms, to tackle the trade gap. Defense stocks have soared in Europe this year, as regional capitals unlocked billions to supercharge their militaries. While a steep selloff in response to the tariffs sparked a major plunge in shares last week, this has been a year to remember for several European defense companies that have seen double-digit returns so far in 2025. Analysts at Citi believe defense stocks are poised for outperformance due to minimal tariff exposure, increased military budgets, and rising geopolitical tensions. Jason Gursky stated the following in a detailed preview to clients on April 10: 'We materially change the rank order of our stock picks, moving our defense coverage to the top of the list given our positive view on the outlook for global defense spending.' Investors are also buoyed by the unveiling of a new next-generation fighter jet, the F-47, to replace the F-22 Raptor. President Trump has also announced that he will resurrect America's military and commercial shipbuilding industry, which he sees as vital to national security, given the strategic competition with China. An aerial view of a nuclear plant, its domes casting a unique shadow. For this article, we sifted through screeners to identify mid-cap stocks in the aerospace and defense industry. These stocks have a market cap between $2 billion and $10 billion. From there, we picked the top 10 defense stocks with the highest positive share price upside potential. All data is as of the close of business on Friday, April 11, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Market Cap: $9.44 billion Share Price Upside Potential: 22.68% BWX Technologies, Inc. (NYSE:BWXT) is an aerospace and defense company that provides nuclear solutions for global security, environmental protection, clean energy, and space exploration. It is one of the best mid cap stocks to buy right now. On April 15, the company announced the acquisition of 97 acres of land Horizon Center Industrial Park in Oak Ridge, Tennessee. The move signals BWX Technologies, Inc. (NYSE:BWXT)'s long-term commitment to rebuild domestic uranium enrichment capability and support future defense missions. This adds to the momentum from earlier in the month, when BWX Technologies, Inc. (NYSE:BWXT) was awarded a contract by the Department of Energy to operate and manage the Strategic Petroleum Reserve for an estimated value of $2.6 billion over 10 years. In February, BWX Technologies, Inc. (NYSE:BWXT) clinched contracts worth $2.1 billion to manufacture reactor components under the US Naval Nuclear Propulsion Program to support the construction activities of the Ford-class aircraft carriers and the Columbia and Virginia class submarines. Wall Street analysts are bullish on BWX Technologies, Inc. (NYSE:BWXT) with a consensus Strong Buy rating and an average share price upside potential of 22.68%. On April 1, Seaport Global initiated coverage of the stock with a Buy rating and a price target of $145 per share, citing the company's unique position in supplying nuclear reactors and fuel for military needs. Overall, BWXT ranks 6th among the 10 best mid cap defense stocks to buy according to analysts. While we acknowledge the potential of defense companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BWXT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
17-04-2025
- Business
- Yahoo
Is Embraer S.A. (ERJ) Among the Best Mid Cap Defense Stocks to Buy According to Analysts?
We recently published a list of the 10 Best Mid Cap Defense Stocks to Buy According to Analysts. In this article, we will take a look at where Embraer S.A. (NYSE:ERJ) stands against other best mid cap defense stocks. Defense stocks have surged over the past week after President Trump unveiled plans for a $1 trillion defense budget for fiscal 2026, representing a 12% increase from the current year. Here is what he told reporters on April 7: 'Nobody's seen anything like it. We have to build our military and we're very cost-conscious, but the military is something that we have to build. And we have to be strong because you've got a lot of bad forces out there now. So we're going to be approving a budget and I'm proud to say actually, the biggest one we've ever done for the military.' READ ALSO: 10 Best Performing Defense Stocks So Far in 2025 and 10 Best Large Cap Defense Stocks to Buy Now. This is an encouraging development for America's defense sector, which had a subdued start to the year due to uncertainty around budget cuts. The creation of DOGE had also reshaped investors' views of the industry. Stocks got another boost last week after market chatter that tariff negotiations to address trade imbalances could include commitments from foreign countries to buy weapons from the US. On April 7, Vietnam's prime minister issued a statement, asking for a 45-day delay in the imposition of tariffs and stating his country would buy more American goods, including arms, to tackle the trade gap. Defense stocks have soared in Europe this year, as regional capitals unlocked billions to supercharge their militaries. While a steep selloff in response to the tariffs sparked a major plunge in shares last week, this has been a year to remember for several European defense companies that have seen double-digit returns so far in 2025. Analysts at Citi believe defense stocks are poised for outperformance due to minimal tariff exposure, increased military budgets, and rising geopolitical tensions. Jason Gursky stated the following in a detailed preview to clients on April 10: 'We materially change the rank order of our stock picks, moving our defense coverage to the top of the list given our positive view on the outlook for global defense spending.' Investors are also buoyed by the unveiling of a new next-generation fighter jet, the F-47, to replace the F-22 Raptor. President Trump has also announced that he will resurrect America's military and commercial shipbuilding industry, which he sees as vital to national security, given the strategic competition with China. An engineer examining a detailed blueprint of an aircraft. For this article, we sifted through screeners to identify mid-cap stocks in the aerospace and defense industry. These stocks have a market cap between $2 billion and $10 billion. From there, we picked the top 10 defense stocks with the highest positive share price upside potential. All data is as of the close of business on Friday, April 11, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Market Cap: $7.69 billion Share Price Upside Potential: 7.72% Embraer S.A. (NYSE:ERJ) is a Brazilian jet manufacturer that produces aircraft for commercial, executive, and defense purposes. The company's shares have slumped 19% over the past month, with a major dip after Wolfe Research downgraded the stock to Peer Perform from Outperform on March 24, citing tariff risks. Despite the recent fall, Embraer S.A. (NYSE:ERJ) is one of the best mid cap stocks so far in 2025, with year-to-date gains of 13.5%, on the back of robust financial results for fiscal 2024 and several recent high-value contract awards. In February, the company received a $7 billion order from Flexjet for 182 aircraft and 30 options. This is the largest firm order for both companies and will double the size of Flexjet's fleet over the next five years. During the month, Japan's ANA Holdings also ordered 15 E190-E2 planes to support its domestic operations. The deliveries are expected to commence in 2028. On April 3, Embraer S.A. (NYSE:ERJ) signed an MoU with the South African aerospace and defense company, Denel, for potential future collaboration on the KC-390 Millennium, focused on aerostructure manufacture, repair, maintenance, and overhaul activities. This is a significant strategic partnership as the country looks to replace its legacy military aircraft. According to a report on Reuters, the company is considering establishing an assembly line for its KC-390 military cargo aircraft in Poland due to a surge in plane sales in Europe. Moreover, the Portuguese Air Force recently joined Embraer S.A. (NYSE:ERJ) and the Brazilian Air Force in collaborative studies to provide the KC-390 Millennium with ISR capabilities. Overall, ERJ ranks 9th among the 10 best mid cap defense stocks to buy according to analysts. While we acknowledge the potential of defense companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ERJ but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
17-04-2025
- Business
- Yahoo
Is Woodward, Inc. (WWD) Among the Best Mid Cap Defense Stocks to Buy According to Analysts?
We recently published a list of the 10 Best Mid Cap Defense Stocks to Buy According to Analysts. In this article, we will take a look at where Woodward, Inc. (NASDAQ:WWD) stands against other best mid cap defense stocks. Defense stocks have surged over the past week after President Trump unveiled plans for a $1 trillion defense budget for fiscal 2026, representing a 12% increase from the current year. Here is what he told reporters on April 7: 'Nobody's seen anything like it. We have to build our military and we're very cost-conscious, but the military is something that we have to build. And we have to be strong because you've got a lot of bad forces out there now. So we're going to be approving a budget and I'm proud to say actually, the biggest one we've ever done for the military.' READ ALSO: 10 Best Performing Defense Stocks So Far in 2025 and 10 Best Large Cap Defense Stocks to Buy Now. This is an encouraging development for America's defense sector, which had a subdued start to the year due to uncertainty around budget cuts. The creation of DOGE had also reshaped investors' views of the industry. Stocks got another boost last week after market chatter that tariff negotiations to address trade imbalances could include commitments from foreign countries to buy weapons from the US. On April 7, Vietnam's prime minister issued a statement, asking for a 45-day delay in the imposition of tariffs and stating his country would buy more American goods, including arms, to tackle the trade gap. Defense stocks have soared in Europe this year, as regional capitals unlocked billions to supercharge their militaries. While a steep selloff in response to the tariffs sparked a major plunge in shares last week, this has been a year to remember for several European defense companies that have seen double-digit returns so far in 2025. Analysts at Citi believe defense stocks are poised for outperformance due to minimal tariff exposure, increased military budgets, and rising geopolitical tensions. Jason Gursky stated the following in a detailed preview to clients on April 10: 'We materially change the rank order of our stock picks, moving our defense coverage to the top of the list given our positive view on the outlook for global defense spending.' Investors are also buoyed by the unveiling of a new next-generation fighter jet, the F-47, to replace the F-22 Raptor. President Trump has also announced that he will resurrect America's military and commercial shipbuilding industry, which he sees as vital to national security, given the strategic competition with China. A close-up of a fuel pump operated by a robotic arm, symbolizing the company's technology-driven industrial solutions. For this article, we sifted through screeners to identify mid-cap stocks in the aerospace and defense industry. These stocks have a market cap between $2 billion and $10 billion. From there, we picked the top 10 defense stocks with the highest positive share price upside potential. All data is as of the close of business on Friday, April 11, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Market Cap: $9.95 billion Share Price Upside Potential: 15.28% Woodward, Inc. (NASDAQ:WWD) is a leader in the development of satellite, launch vehicle, and missile control systems, with several defense contractors looking toward the company for control and actuation solutions. In December last year, the company announced it had signed an agreement to acquire the Safran Electronics & Defense electromechanical actuation business in North America, including intellectual property, talent, operations assets, and long-term customer agreements for the HSTA systems for aircraft stabilization. The transaction is expected to close in mid-2025. On February 3, Woodward, Inc. (NASDAQ:WWD) announced financial results for the first quarter of the fiscal year 2025. It reported net sales of $773 million, down 2% from last year. Adjusted earnings per share were logged at $1.35, beating expectations of $1.14 per share. The company stated the results aligned with forecasts, putting it on track to deliver full-year guidance. Defense OEM sales increased 21% year-over-year during the quarter, while the defense aftermarket increased 8%. Woodward, Inc. (NASDAQ:WWD) is seeing robust demand for defense products amid the recent geopolitical developments. The company anticipates the momentum will continue, with strong growth expected in smart defense. Wall Street analysts are bullish on Woodward, Inc. (NASDAQ:WWD), with a consensus Buy rating and an average share price upside potential of 15.28%, making it one of the best mid cap stocks to buy now. Overall, WWD ranks 8th among the 10 best mid cap defense stocks to buy according to analysts. While we acknowledge the potential of defense companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than WWD but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
17-04-2025
- Business
- Yahoo
Is Huntington Ingalls Industries (HII) Among the Best Mid Cap Defense Stocks to Buy According to Analysts?
We recently published a list of the 10 Best Mid Cap Defense Stocks to Buy According to Analysts. In this article, we will take a look at where Huntington Ingalls Industries, Inc. (NYSE:HII) stands against other best mid cap defense stocks. Defense stocks have surged over the past week after President Trump unveiled plans for a $1 trillion defense budget for fiscal 2026, representing a 12% increase from the current year. Here is what he told reporters on April 7: 'Nobody's seen anything like it. We have to build our military and we're very cost-conscious, but the military is something that we have to build. And we have to be strong because you've got a lot of bad forces out there now. So we're going to be approving a budget and I'm proud to say actually, the biggest one we've ever done for the military.' READ ALSO: 10 Best Performing Defense Stocks So Far in 2025 and 10 Best Large Cap Defense Stocks to Buy Now. This is an encouraging development for America's defense sector, which had a subdued start to the year due to uncertainty around budget cuts. The creation of DOGE had also reshaped investors' views of the industry. Stocks got another boost last week after market chatter that tariff negotiations to address trade imbalances could include commitments from foreign countries to buy weapons from the US. On April 7, Vietnam's prime minister issued a statement, asking for a 45-day delay in the imposition of tariffs and stating his country would buy more American goods, including arms, to tackle the trade gap. Defense stocks have soared in Europe this year, as regional capitals unlocked billions to supercharge their militaries. While a steep selloff in response to the tariffs sparked a major plunge in shares last week, this has been a year to remember for several European defense companies that have seen double-digit returns so far in 2025. Analysts at Citi believe defense stocks are poised for outperformance due to minimal tariff exposure, increased military budgets, and rising geopolitical tensions. Jason Gursky stated the following in a detailed preview to clients on April 10: 'We materially change the rank order of our stock picks, moving our defense coverage to the top of the list given our positive view on the outlook for global defense spending.' Investors are also buoyed by the unveiling of a new next-generation fighter jet, the F-47, to replace the F-22 Raptor. President Trump has also announced that he will resurrect America's military and commercial shipbuilding industry, which he sees as vital to national security, given the strategic competition with China. A towering military warship off the shore, its hull representing the companies commitment to the defense sector. For this article, we sifted through screeners to identify mid-cap stocks in the aerospace and defense industry. These stocks have a market cap between $2 billion and $10 billion. From there, we picked the top 10 defense stocks with the highest positive share price upside potential. All data is as of the close of business on Friday, April 11, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Market Cap: $8.47 billion Share Price Upside Potential: 7.12% Huntington Ingalls Industries, Inc. (NYSE:HII) is an American all-domain defense provider, with expertise in shipbuilding, unmanned systems, cyber, ISR, and synthetic training. It is the country's sole builder of aircraft carriers and a major contractor for most nuclear submarines. With a share price upside potential of 7.12%, it is one of the best mid cap stocks to buy. The stock surged 17% during the week of April 7 in response to President Trump signing an executive order to revive American shipbuilding, aimed at reducing China's grip on the industry. On Friday, Goldman Sachs upgraded Huntington Ingalls Industries, Inc. (NYSE:HII) from Sell to Buy, and also raised its price target for the stock to $234 from $145. Another positive during the week was Huntington Ingalls Industries, Inc. (NYSE:HII)'s delivery of the initial two Lionfish small uncrewed undersea vehicles to the Navy under a multi-year program, which could scale to 200 vehicles, with a contract value of $347 million. Late last month, the company also launched the USS Jeremiah Denton (DDG 129), the third Flight III Arleigh Burke-class destroyer for the US Navy. Huntington Ingalls Industries, Inc. (NYSE:HII) recently signed a memorandum of understanding with HD Hyundai Heavy Industries to collaborate on accelerating ship production for defense and commercial projects. The strategic agreement reflects HII's commitment to expand shipbuilding capacity in support of national security. Overall, HII ranks 10th among the 10 best mid cap defense stocks to buy according to analysts. While we acknowledge the potential of defense companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HII but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey.
