Latest news with #Leidos
Yahoo
18 hours ago
- Business
- Yahoo
S&P 500 Gains and Losses Today: Steelmakers Rise, Automakers Fall as Trump Pushes Steel Tariff Hike
The S&P 500 added 0.4% on Monday, June 2, with steel tariffs and trade with China in the spotlight as markets entered the final month of the year's opening half. Comments by President Donald Trump about doubling tariffs on imported steel helped boost steelmakers' stocks, but shares of the "Big Three" car companies fell. Concerns about geopolitical tensions contributed to increased gold prices, and shares of major gold producer Newmont U.S. equity indices edged higher as June trading kicked off. The modest gains came despite reheating trade tensions between the world's largest economies as Chinese trade officials rejected President Donald Trump's claims that the Asian nation had violated a trade agreement announced last month. After wavering for much of Monday's session, the S&P 500 rallied in the afternoon to close with a gain of 0.4%. The Nasdaq was up 0.7%, while the Dow eked out an uptick of 0.1%. Shares of several U.S. steelmakers surged after President Trump announced a plan that would double steel tariffs to 50%. The president said the higher duties on steel imports would protect U.S. workers in the industry and encourage more companies to source the material from U.S. steelmakers. Steel Dynamics (STLD) shares soared 10.3%, marking Monday's top performance in the S&P 500, while Nucor (NUE) shares surged 10.1%. Gold futures prices jumped more than 2% on Monday, boosted by heightening geopolitical tensions and a weakening U.S. dollar. The uptick in the price of the precious metal helped lift gold-related stocks, including shares of Newmont (NEM), the world's largest gold producer, which added 5.4% on Monday. According to a Wall Street Journal report, Facebook and Instagram parent Meta Platforms (META) intends to launch a service by the end of next year that will allow advertisers to create and target campaigns entirely through artificial intelligence (AI) technology. Meta shares gained 3.6%. Renewable energy stocks remained under pressure following last week's announcement that the Department of Energy would terminate more than $3.7 billion in grants for clean energy and climate-related projects. The funding cuts exacerbated concerns about the proposed elimination of some renewable energy incentives under the House's reconciliation bill. First Solar (FSLR) stock tumbled 5.3%, declining the most of any S&P 500 stock on Monday. Shares of defense technology specialist Leidos Holdings (LDOS) dropped 4.6%. Last week, Leidos announced that it had acquired Kudu Dynamics, a firm known for developing offensive cyber capabilities enabled by artificial intelligence (AI), in line with a new company strategy that pegs cyber as a key growth area. However, Baird analysts downgraded Leidos stock last week to "neutral" from "outperform," citing a challenging booking environment and an uncertain outlook for government contracting. Shares of U.S. automakers lost ground following Trump's comments on steel tariffs. Higher import taxes threaten to raise vehicle manufacturing costs. Both General Motors (GM) and Ford Motor (F) saw their share prices drop 3.9%, while shares of Chrysler and Jeep parent Stellantis (STLA) lost 3.6%. Read the original article on Investopedia
Globe and Mail
a day ago
- Business
- Globe and Mail
Vislink Appoints William J. Bender, USAF, Lt. Gen. (Ret.) to its Board of Directors
Mt Olive, New Jersey, USA, June 02, 2025 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (OTCQB: VISL) , a global technology leader in the capture, delivery, and management of high-quality live video and associated data across defense, public safety, and broadcast sectors today announced the appointment of William J. Bender, USAF, Lt. Gen. (Ret.) to its Board of Directors, effective June 1, 2025. Lt. Gen. Bender brings to Vislink a distinguished record of leadership in the technology, cybersecurity, and defense sectors. With over 34 years of outstanding service in the United States Air Force, culminating in his role as Chief Information Officer, Bender has deep expertise in strategic IT planning, cyber operations, and governance. His post-military career has included executive leadership and board positions at major technology and defense firms, including his tenure as Senior Vice President at Leidos and current board roles at Anametric, GrammaTech and Tangram Flex. 'We're excited to welcome Lt. Gen. Bill Bender to our Board of Directors,' said Sue Swenson, Board Chair. 'Bill brings an exceptional blend of leadership from his distinguished military service and extensive commercial experience. His insights will be invaluable as we continue to expand our focus in the federal and DoD sectors.' 'We are honored to welcome Bill to Vislink's Board of Directors,' said Mickey Miller, CEO of Vislink. 'His extensive experience in defense technology and cybersecurity, coupled with his proven leadership in both the public and private sectors, will be instrumental as we continue to innovate and execute on our growth strategy. Bill's unique experience and insights will help us better serve our customers in mission-critical markets, and we look forward to his contributions to our Board.' 'I am excited to join Vislink at this pivotal time,' said Bender. 'Vislink's cutting-edge technologies and commitment to excellence make it a key player in the live video and communications space. I look forward to working with the Board and management team to help advance the company's mission and create value for its stakeholders.' Lt. Gen. Bender has held senior advisory and consulting roles with several firms in the defense and technology sectors, including ManTech Corp, Varonis, IT Cadre, Electrosoft Services, BYOS, Keeper Technology, and Smartsheet. He also served as Board Chair of AFCEA International (formerly Armed Forces Communications & Electronics), a 34,000-member global nonprofit focused on communications, IT, intelligence, and global security, and as a member of the Board of the National Defense University Foundation, where he chaired the Financial Committee. About Vislink Technologies, Inc. Vislink Technologies is a global technology leader in capturing, delivering, and managing high-quality live video and associated data. With a renowned heritage in video communications encompassing over 50 years, Vislink has revolutionized live video communications by delivering the highest-quality video from the scene, even in the most challenging transmission conditions, enabling broadcasters, defense and public safety agencies to capture and share live video seamlessly and securely. Vislink provides live streaming solutions using RF, bonded cellular, 5G, and AI-driven technologies. Vislink's shares of common stock are publicly traded on the OTCQB Capital Market under the ticker symbol 'VISL.'
Yahoo
4 days ago
- Business
- Yahoo
Q1 Rundown: Northrop Grumman (NYSE:NOC) Vs Other Defense Contractors Stocks
Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let's have a look at Northrop Grumman (NYSE:NOC) and its peers. Defense contractors typically require technical expertise and government clearance. Companies in this sector can also enjoy long-term contracts with government bodies, leading to more predictable revenues. Combined, these factors create high barriers to entry and can lead to limited competition. Lately, geopolitical tensions–whether it be Russia's invasion of Ukraine or China's aggression towards Taiwan–highlight the need for defense spending. On the other hand, demand for these products can ebb and flow with defense budgets and even who is president, as different administrations can have vastly different ideas of how to allocate federal funds. The 13 defense contractors stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 1.6% while next quarter's revenue guidance was in line. In light of this news, share prices of the companies have held steady as they are up 1.5% on average since the latest earnings results. Responsible for the development of the first stealth bomber, Northrop Grumman (NYSE:NOC) specializes in providing aerospace, defense, and security solutions for various industry applications. Northrop Grumman reported revenues of $9.47 billion, down 6.6% year on year. This print fell short of analysts' expectations by 4.7%. Overall, it was a disappointing quarter for the company with full-year EPS guidance missing analysts' expectations. Northrop Grumman delivered the weakest performance against analyst estimates and slowest revenue growth of the whole group. The stock is down 9.9% since reporting and currently trades at $478.25. Read our full report on Northrop Grumman here, it's free. Formed through the split of IT services company SAIC, Leidos (NYSE:LDOS) offers technology and engineering solutions such as military training systems for the defense, civil, and health markets. Leidos reported revenues of $4.25 billion, up 6.8% year on year, outperforming analysts' expectations by 3.6%. The business had a very strong quarter with an impressive beat of analysts' backlog and EBITDA estimates. However, the results were likely priced into the stock as it's traded sideways since reporting. Shares currently sit at $147.50. Is now the time to buy Leidos? Access our full analysis of the earnings results here, it's free. Building Nimitz-class aircraft carriers used in active service, Huntington Ingalls (NYSE:HII) develops marine vessels and their mission systems and maintenance services. Huntington Ingalls reported revenues of $2.73 billion, down 2.5% year on year, falling short of analysts' expectations by 2.1%. It was a mixed quarter as it posted an impressive beat of analysts' EPS estimates but a significant miss of analysts' adjusted operating income estimates. As expected, the stock is down 2.8% since the results and currently trades at $223.51. Read our full analysis of Huntington Ingalls's results here. Known for projects like the construction of Guantanamo Bay, KBR provides professional services and technologies, specializing in engineering, construction, and government services sectors. KBR reported revenues of $2.06 billion, up 13% year on year. This print lagged analysts' expectations by 1.4%. In spite of that, it was a strong quarter as it produced a solid beat of analysts' EBITDA estimates. The stock is up 1.2% since reporting and currently trades at $52.18. Read our full, actionable report on KBR here, it's free. Developing submarine detection systems for the U.S. Navy, Leonardo DRS (NASDAQ:DRS) is a provider of defense systems, electronics, and military support services. Leonardo DRS reported revenues of $799 million, up 16.1% year on year. This result surpassed analysts' expectations by 9.2%. Overall, it was a very strong quarter as it also produced a solid beat of analysts' adjusted operating income estimates and an impressive beat of analysts' EPS estimates. Leonardo DRS scored the biggest analyst estimates beat and fastest revenue growth among its peers. The stock is up 12.8% since reporting and currently trades at $41.68. Read our full, actionable report on Leonardo DRS here, it's free. Thanks to the Fed's series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump's presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Leidos (NYSE:LDOS) Q1 Earnings: Leading The Defense Contractors Pack
Quarterly earnings results are a good time to check in on a company's progress, especially compared to its peers in the same sector. Today we are looking at Leidos (NYSE:LDOS) and the best and worst performers in the defense contractors industry. Defense contractors typically require technical expertise and government clearance. Companies in this sector can also enjoy long-term contracts with government bodies, leading to more predictable revenues. Combined, these factors create high barriers to entry and can lead to limited competition. Lately, geopolitical tensions–whether it be Russia's invasion of Ukraine or China's aggression towards Taiwan–highlight the need for defense spending. On the other hand, demand for these products can ebb and flow with defense budgets and even who is president, as different administrations can have vastly different ideas of how to allocate federal funds. The 13 defense contractors stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 1.6% while next quarter's revenue guidance was in line. In light of this news, share prices of the companies have held steady as they are up 1.5% on average since the latest earnings results. Formed through the split of IT services company SAIC, Leidos (NYSE:LDOS) offers technology and engineering solutions such as military training systems for the defense, civil, and health markets. Leidos reported revenues of $4.25 billion, up 6.8% year on year. This print exceeded analysts' expectations by 3.6%. Overall, it was a very strong quarter for the company with an impressive beat of analysts' backlog and EBITDA estimates. "Our robust first quarter results build on the momentum from 2024, demonstrating the team's ability to execute in a dynamic environment that demands agility and innovation," said Leidos Chief Executive Officer Tom Bell. The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $147.50. Is now the time to buy Leidos? Access our full analysis of the earnings results here, it's free. Founded to commercialize SIMSCRIPT, CACI International (NYSE:CACI) offers defense, intelligence, and IT solutions to support national security and government transformation efforts. CACI reported revenues of $2.17 billion, up 11.8% year on year, outperforming analysts' expectations by 1.5%. The business had a very strong quarter with an impressive beat of analysts' backlog and EBITDA estimates. However, the results were likely priced into the stock as it's traded sideways since reporting. Shares currently sit at $425.21. Is now the time to buy CACI? Access our full analysis of the earnings results here, it's free. Responsible for the development of the first stealth bomber, Northrop Grumman (NYSE:NOC) specializes in providing aerospace, defense, and security solutions for various industry applications. Northrop Grumman reported revenues of $9.47 billion, down 6.6% year on year, falling short of analysts' expectations by 4.7%. It was a disappointing quarter as it posted full-year EPS guidance missing analysts' expectations. Northrop Grumman delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 9.9% since the results and currently trades at $478.25. Read our full analysis of Northrop Grumman's results here. Developing submarine detection systems for the U.S. Navy, Leonardo DRS (NASDAQ:DRS) is a provider of defense systems, electronics, and military support services. Leonardo DRS reported revenues of $799 million, up 16.1% year on year. This number beat analysts' expectations by 9.2%. It was a very strong quarter as it also produced a solid beat of analysts' adjusted operating income estimates and an impressive beat of analysts' EPS estimates. Leonardo DRS delivered the biggest analyst estimates beat and fastest revenue growth among its peers. The stock is up 12.8% since reporting and currently trades at $41.68. Read our full, actionable report on Leonardo DRS here, it's free. Established with a commitment to supporting national security, Kratos (NASDAQ:KTOS) is a provider of advanced engineering, technology, and security solutions tailored for critical national security applications. Kratos reported revenues of $302.6 million, up 9.2% year on year. This print topped analysts' expectations by 3.9%. Overall, it was a very strong quarter as it also logged a solid beat of analysts' organic revenue estimates and an impressive beat of analysts' EPS estimates. The stock is flat since reporting and currently trades at $36.41. Read our full, actionable report on Kratos here, it's free. Thanks to the Fed's rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn't send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump's November win lit a fire under major indices and sent them to all-time highs. However, there's still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
6 days ago
- Business
- CNBC
Lightning Round: Leidos is a good opportunity in homeland security, says Jim Cramer
'Mad Money' host Jim Cramer weighs in on stocks including: Leidos, Interactive Brokers, and Nuscale Power.
