Kratos and Voyager are two mid-cap space and defense stocks with big long-term opportunities. Unmanned jets and space stations are key potential growth drivers.
Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates),
and the industry has underperformed the market over the past six months as its 2.6% return lagged the S&P 500 by 1.9 percentage points.
Shares of aerospace and defense company Kratos (NASDAQ:KTOS)
fell 5.9% in the morning session after the company announced the pricing of a public stock offering expected to raise approximately $484 million. The defense technology company priced about 13 million shares at $38.50 each, a discount to its previous closing price.
The equity raise comes as Kratos expands its role in next-gen defense systems, including a new propulsion partnership with GE Aerospace and growing investor interest driven by bullish analyst coverage.
Shares of Kratos Defense & Security Solutions Inc. (NASDAQ: KTOS) are trading higher Monday following an upwardly revised price target and more bullish outlook from Benchmark.
Investor Steve Eisman has a surprising take on the escalating tensions in the Middle East, one that cuts from conventional wisdom during periods of geopolitical conflicts.
As tensions continue to flare in the Middle East, U.S. Stock futures inch lower on Wednesday evening, compounded by the Fed's decision to hold rates steady, while warning of lower economic growth and persistent inflation.
U.S. stock futures remain unfazed by President Donald Trump's calls for an "Unconditional Surrender" by Iran on Tuesday night, as tensions continued to flare in the Middle East.
