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The Iran war should have been a tailwind for defense stocks. Instead, the sector is living through the longest losing streak in its history. The State Street SPDR S&P Aerospace & Defense ETF (NYSE: XAR ) has closed lower for six straight weeks. The seventh week is going the same way so far. The fund fell 2.2% on Monday
examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. U.S. stocks finished a volatile week with mixed results as investors adjusted to the Federal Reserve’s first interest-rate hike since 2023 and rising energy costs. The S&P 500 slipped for a second s
On Tuesday, Cathie Wood ’s Ark Invest stayed active in a volatile tech tape, adding to several headline growth names while trimming others. The most notable move was another broad push into SpaceX (NASDAQ: SPCX ), followed by sizable trades in Tesla Inc. (NASDAQ: TSLA ), Nvidia Corp. (NASDAQ: NVDA ), Amazon.com Inc. (N
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS ) is in the spotlight Monday after B. Riley Securities reiterated a Buy rating and $128 price target, drawing attention to Kratos’ valuation gap versus private defense company Anduril. Kratos Defense & Security stock is rising today. What’s behind KTOS gains? The
Kratos Defense & Security Solutions shares are trading higher after the company announced the receipt of ~$36 million sole-source contract award for a new air defense missile system.