Northrop Grumman CEO Kathy Warden joins ‘Closing Bell Overtime’ to talk global security, growth in space tech, the nuclear triad and much more. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.
- Yields and prices have an inverted relationship and one basis point equals 0.01%.
- Costco — Shares of the club retailer fell more than 1% even though Costco’s fiscal fourth-quarter response came in better than expected.
- The pan-European Stoxx 600 index was down 0.1% in early trade, with sectors spread across marginally negative and positive territory.
- The ex-dividend date of this dividend is Friday, August 25th.
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competitive advantage. Get this delivered to your inbox, and more info about our products and services. According to Landsberg, the firm rebalanced its client portfolios in the summer to reduce tech exposure given its dramatic rally over a six-month period.
Northrop Grumman Elects Robert Fleming Corporate Vice President and President, Space Systems
Verizon, Merck and McDonald’s were also among the worst performers, down more than 1.5%. Earlier in the afternoon, the company announced the release of its newest Quest 3 VR headset. Grom pointed to the company’s faster-growing skin care category, which now accounts for roughly 18% of its sales, and an «underappreciated runway» of international growth as fuel for e.l.f. Beauty’s top-line potential.
The consensus among Wall Street equities research analysts is that investors should «hold» NOC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NOC, but not buy additional shares or sell existing shares. Costco — Shares of the club retailer fell more than 1% even though Costco’s fiscal fourth-quarter response came in better than expected. The company generated $4.86 in earnings per share on $78.9 billion of revenue. Analysts surveyed by LSEG were looking for $4.79 per share on $77.9 billion of revenue.
Company
Stocks slipped to session lows as the market grappled with rising oil prices and bond yields. A government shutdown would create significant uncertainty for the defense companies that rely on federal dollars, but that doesn’t mean investors have to bail on the stocks, according to Morgan Stanley analyst Kristine Liwag. The CEO of AXS Investments said this month’s pullback has created good entry points for investors to buy stocks. He recommends focusing on alternative investments in commodities as he expects continued turbulence in the markets.
Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems in the United States and internationally. Its Defense Systems segment designs, develops, and produces weapons and mission systems. It offers products and services, such as integrated battle management systems, weapons systems and aircraft, and mission systems. This segment also provides airborne multifunction sensors; maritime/land systems and sensors; navigation, targeting, and survivability solutions; and networked information solutions.
China sanctions Northrop Grumman, Lockheed Martin over arms sales to Taiwan
Here are some of the stocks making the biggest moves in extended trading. China’s National Bureau of Statistics said the profits of industrial enterprises climbed 17.2% year on year in August, which is the first monthly growth since the second half of 2022. The pan-European Stoxx 600 index was down 0.1% in early trade, with sectors spread across marginally negative and positive territory. Utilities stocks dropped 0.6% to lead minor losses, while tech and oil and gas stocks each saw a 0.2% uptick. Problems in the housing market are starting to put pressure on stocks, Wolfe Research’s Chris Senyek wrote.
Key Data
The price of oil was also moving higher, with futures for U.S. benchmark West Texas Intermediate crude hovering just under $93 per barrel. «Of the three, we think bonds are the closest to a reversal, but things are likely to remain messy into quarter-end,» BTIG’s Jonathan Krinsky said in a Wednesday note. Chevron, Intel and Caterpillar were among those in the 30-stock index bucking the trend, with all three up more than 1%. The Dow took the biggest leg down in Wednesday’s session of the three major indexes, weighed on by slides in Johnson & Johnson and Walgreens. Medical devices company Resmed has risen the most since the start of the week, up 7.5% as of Wednesday afternoon. Three energy companies comprise the S&P 500’s top four gainers week to date.
Those moves come after the S&P 500 on Tuesday fell below the key 4,300 level for the first time since June. The Dow also posted its biggest one-day loss since March, dropping more than 300 points to close below its 200-day moving average for the first time since May. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. These returns cover a period from January 1, 1988 through September 4, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.
Northrop Grumman Corp. stock rises Wednesday, outperforms market
UBS analyst Peter Grom initiated coverage of e.l.f. Beauty on Wednesday with a buy rating and price target of $138. That makes the group a force to be reckoned with if their habits change suddenly. That’s why we’ve seen so many Wall Street analysts exploring the fallout index trading from new weight loss medications like Wegovy and Ozempic on industries from real estate to medical devices to food and beverage. Many of these exercises have been theoretical and have come with warnings that it might take a while for the trends to play out.
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The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. According to 13 analysts, the average rating for NOC stock is «Buy.» The 12-month stock price forecast is $487.38, which is an increase of 10.72% from the latest price. Energy stocks got a boost from the move higher, with the S&P 500 sector last advancing by 1.8% in midday trading. Occidental Petroleum and Halliburton shares each rose by more than 3%.
These are established companies that reliably pay dividends. AAR Corp — Shares of the aircraft services company gained 2.4% after beating analyst forecasts on earnings and revenue in the first quarter of the 2024 fiscal year. The company reported $550 million in quarterly sales, up 23% from the prior year.
