Latest news with #NoahPoponak
Yahoo
24-04-2025
- Business
- Yahoo
Howmet Aerospace Inc. (HWM): One of the Top Defense Stock Picks from the Goldman Sachs Portfolio
We recently published a list of Goldman Sachs Defense Stocks: Top 12 Stock Picks. In this article, we will take a look at where Howmet Aerospace Inc. (NYSE:HWM) stands against other top defense stock picks from the Goldman Sachs Portfolio. After a subdued start to the year, American defense stocks are beginning to see improved returns. Investors are buoyed by President Trump's plans for a $1 trillion defense budget for fiscal 2026, adding to the momentum from last month's unveiling of the F-47 and announcement to resurrect the country's shipbuilding industry. READ ALSO: 10 Best Mid Cap Defense Stocks to Buy According to Analysts and 10 Best Performing Defense Stocks So Far in 2025. The sector has received another boost after market chatter that tariff negotiations to address trade imbalances could include commitments from foreign countries to buy weapons from the US. In a statement released on April 8, Vietnam's prime minister asked for a 45-day delay in the imposition of tariffs and stated his country would buy more American goods, including weapons, to tackle the trade gap. On April 11, Goldman analyst Noah Poponak adjusted his ratings and price targets for defense stocks, and the most notable adjustment was a prominent Navy shipbuilder receiving a double upgrade on the back of an executive order signed by Trump to revitalize the sector. Poponak expects the stock to benefit, with shipbuilding expected to be a high priority within the defense budget. The firm is known for its expertise in stock recommendations, helping investors identify high-potential companies. GS boasts a vast network of analysts, covers a wide range of stocks. It also has a research team led by analysts and economists from around the world, offering insights on the economy and the broader market. In a report released in March this year, Goldman Sachs Research projected a significant increase in defense spending by EU member nations. Military expenditure in the euro area accounted for 1.8% of the GDP in 2024, and is projected to rise to 2.4% by 2027. The firm's analysts estimate the increased spending to positively impact GDP growth, with every €100 spent on defense to boost GDP by approximately €50. Defense stocks have rallied in Europe this year, as regional capitals unlocked billions to supercharge their militaries. While recent tariffs have sparked a major plunge in shares over the past couple of weeks, this has been a year to remember for several European defense contractors, with significant returns so far in 2025. With that said, let's head over to the list of the top defense picks from the Goldman Sachs stock portfolio. Engineers examining stress tests of an aircraft engine, working to make sure its ready for flight. For this article, we scanned Goldman Sachs' 13F portfolio as of December 31, 2024. From there, we picked the top 12 defense stocks according to their stake value and ranked them in ascending order. 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). Stake Value as of Q4 2024: $144,773,105 Howmet Aerospace Inc. (NYSE:HWM) is one of the top defense picks from the Goldman Sachs stock portfolio. The company manufactures components for aircraft engines, fasteners, aluminum wheels for trucks, and titanium structures for aerospace and defense applications. The stock has gained 94% over the past year, with year-to-date returns of nearly 13% as of the close of business on April 18. Howmet Aerospace Inc. (NYSE:HWM) has attracted significant investor interest due to its robust financial performance. In February, the company reported major year-over-year revenue and net income increases for the fourth quarter and full year 2024. According to Insider Monkey's database for Q4 2024, 58 hedge funds held a stake in the company, improving from 45 at the end of the third quarter. Hardman Johnston Global Equity Strategy stated the following regarding Howmet Aerospace Inc. (NYSE:HWM) in its Q4 2024 investor letter: 'From a sector standpoint, the main drivers of the portfolio's outperformance during the fourth quarter were Industrials and Materials. Within Industrials, Howmet Aerospace Inc. (NYSE:HWM) and Vertiv Holdings Co. were the largest contributors to outperformance. Howmet reported an earnings beat during the quarter with broad-based strength spanning across all key segments. In particular, the company's Engine Products and Fasteners segment performed well. During the earnings call, management spent significant time describing the emerging new growth driver of industrial gas turbines, which are used in gas power plants, which have become a focus for investors due to accelerating demand from AI data centers. Howmet is the leading supplier to the three major producers of these engines and will benefit from both initial purposes and the long-term maintenance demand.' On April 9, Howmet Aerospace Inc. (NYSE:HWM)'s board of directors approved a dividend of 10 cents per share on the company's common stock and 93.75 cents per share on the outstanding preferred stock, reiterating its commitment to shareholder returns. Overall, HWM ranks 10th among the Goldman Sachs Defense Stocks: Top 12 Stock Picks. 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 HWM 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
24-04-2025
- Business
- Yahoo
Textron Inc. (TXT): One of the Top Defense Stock Picks from the Goldman Sachs Portfolio
We recently published a list of Goldman Sachs Defense Stocks: Top 12 Stock Picks. In this article, we will take a look at where Textron Inc. (NYSE:TXT) stands against other top defense stock picks from the Goldman Sachs Portfolio. After a subdued start to the year, American defense stocks are beginning to see improved returns. Investors are buoyed by President Trump's plans for a $1 trillion defense budget for fiscal 2026, adding to the momentum from last month's unveiling of the F-47 and announcement to resurrect the country's shipbuilding industry. READ ALSO: 10 Best Mid Cap Defense Stocks to Buy According to Analysts and 10 Best Performing Defense Stocks So Far in 2025. The sector has received another boost after market chatter that tariff negotiations to address trade imbalances could include commitments from foreign countries to buy weapons from the US. In a statement released on April 8, Vietnam's prime minister asked for a 45-day delay in the imposition of tariffs and stated his country would buy more American goods, including weapons, to tackle the trade gap. On April 11, Goldman analyst Noah Poponak adjusted his ratings and price targets for defense stocks, and the most notable adjustment was a prominent Navy shipbuilder receiving a double upgrade on the back of an executive order signed by Trump to revitalize the sector. Poponak expects the stock to benefit, with shipbuilding expected to be a high priority within the defense budget. The firm is known for its expertise in stock recommendations, helping investors identify high-potential companies. GS boasts a vast network of analysts, covers a wide range of stocks. It also has a research team led by analysts and economists from around the world, offering insights on the economy and the broader market. In a report released in March this year, Goldman Sachs Research projected a significant increase in defense spending by EU member nations. Military expenditure in the euro area accounted for 1.8% of the GDP in 2024, and is projected to rise to 2.4% by 2027. The firm's analysts estimate the increased spending to positively impact GDP growth, with every €100 spent on defense to boost GDP by approximately €50. Defense stocks have rallied in Europe this year, as regional capitals unlocked billions to supercharge their militaries. While recent tariffs have sparked a major plunge in shares over the past couple of weeks, this has been a year to remember for several European defense contractors, with significant returns so far in 2025. With that said, let's head over to the list of the top defense picks from the Goldman Sachs stock portfolio. A military cargo plane landing at its destination, signifying the strength of its defense arm. For this article, we scanned Goldman Sachs' 13F portfolio as of December 31, 2024. From there, we picked the top 12 defense stocks according to their stake value and ranked them in ascending order. 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). Stake Value as of Q4 2024: $85,886,997 Textron Inc. (NYSE:TXT) manufactures products for consumers across several industries, through its six business segments: Bell, Textron Aviation, Textron eAviation, Textron Systems, Industrial, and Finance. It is one of the top defense picks from the Goldman Sachs stock portfolio. On April 8, Textron Inc. (NYSE:TXT) announced that Textron Systems was awarded a three-year, $100 million contract from the Naval Sea Systems Command (NAVSEA) to perform payload integration and software support activity for the Mine Countermeasures (MCM) Unmanned Surface Vehicle (USV). Under the agreement, the company will also be responsible for testing and demonstration work on potential future mission systems. Textron Inc. (NYSE:TXT) is an important player in America's defense industry. In November last year, the DoD awarded Textron Aviation a $277 million contract to produce 26 T-54A trainer aircraft for the Navy, Marine Corps, and Coast Guard, with an estimated completion date of September 2026. The company is also working on the FTUAS Option 3 and Option 4 award for the US Army. Under the contract, awarded in May 2024, Textron Systems will complete flight and MOSA demonstrations and deliver an Aerosonde Mk. 4.8 Hybrid Quad uncrewed aircraft system to the Army for testing and evaluation. However, Textron Inc. (NYSE:TXT)'s share price has declined 19% over the past three months, after a significant year-over-year dip in revenue for the fourth quarter of fiscal 2024. The top-line figure also missed Street estimates. The company is expected to report Q1 FY25 results on April 24. Overall, TXT ranks 12th among the Goldman Sachs Defense Stocks: Top 12 Stock Picks. 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 TXT 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
24-04-2025
- Business
- Yahoo
Moog Inc. (MOG-A): One of the Top Defense Stock Picks from the Goldman Sachs Portfolio
We recently published a list of Goldman Sachs Defense Stocks: Top 12 Stock Picks. In this article, we will take a look at where Moog Inc. (NYSE:MOG-A) stands against other top defense stock picks from the Goldman Sachs Portfolio. After a subdued start to the year, American defense stocks are beginning to see improved returns. Investors are buoyed by President Trump's plans for a $1 trillion defense budget for fiscal 2026, adding to the momentum from last month's unveiling of the F-47 and announcement to resurrect the country's shipbuilding industry. READ ALSO: 10 Best Mid Cap Defense Stocks to Buy According to Analysts and 10 Best Performing Defense Stocks So Far in 2025. The sector has received another boost after market chatter that tariff negotiations to address trade imbalances could include commitments from foreign countries to buy weapons from the US. In a statement released on April 8, Vietnam's prime minister asked for a 45-day delay in the imposition of tariffs and stated his country would buy more American goods, including weapons, to tackle the trade gap. On April 11, Goldman analyst Noah Poponak adjusted his ratings and price targets for defense stocks, and the most notable adjustment was a prominent Navy shipbuilder receiving a double upgrade on the back of an executive order signed by Trump to revitalize the sector. Poponak expects the stock to benefit, with shipbuilding expected to be a high priority within the defense budget. The firm is known for its expertise in stock recommendations, helping investors identify high-potential companies. GS boasts a vast network of analysts, covers a wide range of stocks. It also has a research team led by analysts and economists from around the world, offering insights on the economy and the broader market. In a report released in March this year, Goldman Sachs Research projected a significant increase in defense spending by EU member nations. Military expenditure in the euro area accounted for 1.8% of the GDP in 2024, and is projected to rise to 2.4% by 2027. The firm's analysts estimate the increased spending to positively impact GDP growth, with every €100 spent on defense to boost GDP by approximately €50. Defense stocks have rallied in Europe this year, as regional capitals unlocked billions to supercharge their militaries. While recent tariffs have sparked a major plunge in shares over the past couple of weeks, this has been a year to remember for several European defense contractors, with significant returns so far in 2025. With that said, let's head over to the list of the top defense picks from the Goldman Sachs stock portfolio. A broker trading stocks on a financial trading floor, representing the investment approach of the company. For this article, we scanned Goldman Sachs' 13F portfolio as of December 31, 2024. From there, we picked the top 12 defense stocks according to their stake value and ranked them in ascending order. 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). Stake Value as of Q4 2024: $108,442,341 Moog Inc. (NYSE:MOG-A) designs, manufactures, and integrates precision control components and systems for OEMs and end users in the aerospace, industrial, and defense markets. On March 25, the company announced the shipment of Meteor satellite buses for national security space missions. This is a significant milestone for Moog Inc. (NYSE:MOG-A), which has expanded its footprint to the DoD's programs. It also continues the company's seven-decade-long commitment to protect warfighters and support those who explore the universe. The Meteor is an ESPA Grande-class bus, featuring radiation-hardened space avionics, modular payload power, and mission-configurable flight software, making it ideal for dynamic space operations. This new bus builds on Moog Inc. (NYSE:MOG-A)'s earlier success of the Meteorite small satellite buses, which are currently supporting a national security mission on orbit. In January, Moog Inc. (NYSE:MOG-A) was selected by Lockheed Martin to provide custom actuators for the PAC-3 MSE contract with the Army. The contract was valued at $100 million, making it one of the largest and most significant awards in the company's defense division. The program is aimed at defending the country from inbound ballistic and cruise missiles, aircraft, and other advanced threats. Moog Inc. (NYSE:MOG-A) is among the top defense picks from the Goldman Sachs stock portfolio, with the investment banking firm having a stake value of over $108 million in the company as of Q4 2024. Overall, MOG-A ranks 11th among the Goldman Sachs Defense Stocks: Top 12 Stock Picks. 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 MOG-A 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
24-04-2025
- Business
- Yahoo
Axon Enterprise, Inc. (AXON): One of the Top Defense Stock Picks from the Goldman Sachs Portfolio
We recently published a list of Goldman Sachs Defense Stocks: Top 12 Stock Picks. In this article, we will take a look at where Axon Enterprise, Inc. (NASDAQ:AXON) stands against other top defense stock picks from the Goldman Sachs Portfolio. After a subdued start to the year, American defense stocks are beginning to see improved returns. Investors are buoyed by President Trump's plans for a $1 trillion defense budget for fiscal 2026, adding to the momentum from last month's unveiling of the F-47 and announcement to resurrect the country's shipbuilding industry. READ ALSO: 10 Best Mid Cap Defense Stocks to Buy According to Analysts and 10 Best Performing Defense Stocks So Far in 2025. The sector has received another boost after market chatter that tariff negotiations to address trade imbalances could include commitments from foreign countries to buy weapons from the US. In a statement released on April 8, Vietnam's prime minister asked for a 45-day delay in the imposition of tariffs and stated his country would buy more American goods, including weapons, to tackle the trade gap. On April 11, Goldman analyst Noah Poponak adjusted his ratings and price targets for defense stocks, and the most notable adjustment was a prominent Navy shipbuilder receiving a double upgrade on the back of an executive order signed by Trump to revitalize the sector. Poponak expects the stock to benefit, with shipbuilding expected to be a high priority within the defense budget. The firm is known for its expertise in stock recommendations, helping investors identify high-potential companies. GS boasts a vast network of analysts, covers a wide range of stocks. It also has a research team led by analysts and economists from around the world, offering insights on the economy and the broader market. In a report released in March this year, Goldman Sachs Research projected a significant increase in defense spending by EU member nations. Military expenditure in the euro area accounted for 1.8% of the GDP in 2024, and is projected to rise to 2.4% by 2027. The firm's analysts estimate the increased spending to positively impact GDP growth, with every €100 spent on defense to boost GDP by approximately €50. Defense stocks have rallied in Europe this year, as regional capitals unlocked billions to supercharge their militaries. While recent tariffs have sparked a major plunge in shares over the past couple of weeks, this has been a year to remember for several European defense contractors, with significant returns so far in 2025. With that said, let's head over to the list of the top defense picks from the Goldman Sachs stock portfolio. A technician in a white coat testing an in-car system on a modern military vehicle. For this article, we scanned Goldman Sachs' 13F portfolio as of December 31, 2024. From there, we picked the top 12 defense stocks according to their stake value and ranked them in ascending order. 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). Stake Value as of Q4 2024: $180,226,886 Axon Enterprise, Inc. (NASDAQ:AXON) manufactures weapons and technology for law enforcement agencies, the military, and civilian use. The company integrates cloud software solutions and hardware devices to help enable modern policing, defense, and security. The stock has delivered a phenomenal performance over the last five years, with a staggering EPS growth of 218%. Investor sentiment in the company continues to strengthen because of its impressive financials, investments in new products, and an expanding software business. According to Insider Monkey's database for Q4 2024, 64 hedge funds held a stake in Axon Enterprise, Inc. (NASDAQ:AXON), improving from 46 at the end of the third quarter. Wall Street analysts are also bullish on the stock, with a consensus Strong Buy rating. Jim Cramer recently provided a positive overview of the stock, citing its transformation into a dominant SaaS provider for police departments: 'Remember Axon? We had Patrick Smith on. That's, well I got to tell you, this used to be a taser and people still think it's taser. It's a decent business but not a big one. What this company really is now, is the dominant software-as-a-service system for law enforcement in cities all over America. Its body cam system is the gold standard. Its AI work gets rid of the drudgery of filling out and reports gives police officers more time to do their actual jobs. The best? The bad guys plead guilty because it's all on tape.' Axon Enterprise, Inc. (NASDAQ:AXON) reported a revenue of $2.1 billion for fiscal 2024, growing 33% from last year, and nearly double from the figure two years ago. The company also marked 12 successive quarters of 25% or above revenue growth. Annual net income stood at $377 million, supporting the non-GAAP net income of $466 million. Axon Enterprise, Inc. (NASDAQ:AXON) is among the top defense picks from the Goldman Sachs stock portfolio, with the investment banking firm having holdings of over $180 million in the company. Overall, AXON ranks 9th among the Goldman Sachs Defense Stocks: Top 12 Stock Picks. 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 AXON 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
24-04-2025
- Business
- Yahoo
Northrop Grumman Corporation (NOC): One of the Top Defense Stock Picks from the Goldman Sachs Portfolio
We recently published a list of Goldman Sachs Defense Stocks: Top 12 Stock Picks. In this article, we will take a look at where Northrop Grumman Corporation (NYSE:NOC) stands against other top defense stock picks from the Goldman Sachs Portfolio. After a subdued start to the year, American defense stocks are beginning to see improved returns. Investors are buoyed by President Trump's plans for a $1 trillion defense budget for fiscal 2026, adding to the momentum from last month's unveiling of the F-47 and announcement to resurrect the country's shipbuilding industry. READ ALSO: 10 Best Mid Cap Defense Stocks to Buy According to Analysts and 10 Best Performing Defense Stocks So Far in 2025. The sector has received another boost after market chatter that tariff negotiations to address trade imbalances could include commitments from foreign countries to buy weapons from the US. In a statement released on April 8, Vietnam's prime minister asked for a 45-day delay in the imposition of tariffs and stated his country would buy more American goods, including weapons, to tackle the trade gap. On April 11, Goldman analyst Noah Poponak adjusted his ratings and price targets for defense stocks, and the most notable adjustment was a prominent Navy shipbuilder receiving a double upgrade on the back of an executive order signed by Trump to revitalize the sector. Poponak expects the stock to benefit, with shipbuilding expected to be a high priority within the defense budget. The firm is known for its expertise in stock recommendations, helping investors identify high-potential companies. GS boasts a vast network of analysts, covers a wide range of stocks. It also has a research team led by analysts and economists from around the world, offering insights on the economy and the broader market. In a report released in March this year, Goldman Sachs Research projected a significant increase in defense spending by EU member nations. Military expenditure in the euro area accounted for 1.8% of the GDP in 2024, and is projected to rise to 2.4% by 2027. The firm's analysts estimate the increased spending to positively impact GDP growth, with every €100 spent on defense to boost GDP by approximately €50. Defense stocks have rallied in Europe this year, as regional capitals unlocked billions to supercharge their militaries. While recent tariffs have sparked a major plunge in shares over the past couple of weeks, this has been a year to remember for several European defense contractors, with significant returns so far in 2025. With that said, let's head over to the list of the top defense picks from the Goldman Sachs stock portfolio. An aeronautics engineer inspecting a model aircraft engine in a factory setting. For this article, we scanned Goldman Sachs' 13F portfolio as of December 31, 2024. From there, we picked the top 12 defense stocks according to their stake value and ranked them in ascending order. 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). Stake Value as of Q4 2024: $342,671,759 Northrop Grumman Corporation (NYSE:NOC) is one of the largest defense contractors in the world. The company is manufacturing the B-21 Raider for the US Air Force (USAF). It is one of the top defense picks from the Goldman Sachs stock portfolio. As of December 31, the investing banking firm held positions valued at nearly $343 million in the company. On April 11, GS upgraded Northrop Grumman Corporation (NYSE:NOC) from Sell to Neutral. It also raised the stock's price target from $424 per share to $521. The analyst cited NOC's long-term growth potential through projects like the B-21 and Sentinel as reasons behind the adjustment. Investor sentiment in Northrop Grumman Corporation (NYSE:NOC) remains strong. According to Insider Monkey's database for Q4 2024, 54 hedge funds held a stake in the company, up from 48 at the end of the third quarter. The confidence is expected to continue amid chatter about countries moving to buy American planes and military hardware to address trade imbalances with the US. Recent contract awards are also adding to the momentum. In April, the Royal Australian Air Force selected Northrop Grumman Corporation (NYSE:NOC) to equip its C-130J fleet with the AN/ALQ-251 advanced radio frequency countermeasures system. The company was also awarded two national security contracts by the United States Space Force (USSF) for in-space refueling. Wall Street analysts have a consensus Buy rating for Northrop Grumman Corporation (NYSE:NOC) with an average share price upside potential of 4.40%. Overall, NOC ranks 5th among the Goldman Sachs Defense Stocks: Top 12 Stock Picks. 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 NOC 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. 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