The Zacks Analyst Blog Highlights: Kratos Defense & Security Solutions, Boeing, Wesco Aircraft Holdings, ManTech International and CPI Aerostructures
For Immediate Release
Chicago, IL – May 18, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Kratos Defense & Security Solutions, Inc. KTOS, The Boeing Company BA, Wesco Aircraft Holdings, Inc. WAIR, ManTech International Corporation MANT and CPI Aerostructures, Inc. CVU.
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Thursday’s Analyst Blog:
U.S.-North Korea Talks on Shaky Ground: 5 Defense Stock Picks
On May 16, North Korea canceled a meeting with its southern counterpart and even threatened to cancel a planned meeting with President Donald Trump. In fact, North Korea's vice-foreign minister Kim Kye-gwan said that the United States together with South Korea harbor sinister intentions toward Pyongyang. North Korea's latest move raised a new set of geo-political concerns.
Additionally, Trump's National Security Advisor John Bolton's latest statement also grabbed investor attention. In this context, defense stocks seem to be a lucrative investment choice.
North Korea to Cancel Jun 12 Meeting
North Korea's vice-foreign minister Kim Kye-gwan said on May 16 that if the United States was "genuinely committed" to move toward a better relationship with North Korea, it should have given encouraging response. This came after in an interview on Apr 29, Trump's National Security Advisor John Bolton said that the United States will go with the "Libya model" for North Korea.
Clearly, during 2003-04, the denuclearization program in Libya ended with Colonel Muammar Gaddafi's death. Citing U.S.'s Libya model, Kye-gwan said that following Bolton's statement, North Korea is no mood to negotiate with the former, when the Trump administration is focused on all "about driving North Korea into a corner." Kye-gwan also slammed the United States for "making a one-sided demand" and now thinking whether to "accept the North Korea-U.S. summit meeting" or not.
Bolton Raises Questions, South Korea to Mediate
On May 16, in an interview, Security Advisor Bolton said that he found "nothing new" in North Korea's statement and wondered whether North Korea is at all taking the U.S. "objective of denuclearization seriously." Bolton added that in case the Kim Jong-un administration refuses to agree with the United States' denuclearization program in Singapore, the meeting will be "pretty short." He even called North Korea's decision to cancel the meeting with its southern counterpart "discouraging."
After North Korea's warning to skip the Singapore meeting, the South Korean government has wished to act as "a mediator" between South Korea, North Korea, and the U.S. However, South Korean Foreign Minister Kang Kyung-wha agreed that North Korea and the U.S. have different opinions "on methods to accomplish denuclearization."
5 Best Defense Stocks
Renewed tensions between North Korea and the U.S. have brought the spotlight back on companies that are involved in the defense industry. In this context, we can say that companies involved in the manufacture, processing, and delivery of defense equipment and services would be good investments.
Here, we have selected five stocks that are expected to gain following these developments. These five stocks flaunt a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Kratos Defense & Security Solutions, Inc. is a provider of mission-critical products, solutions, and services in the United States.
This California-based company has a Zacks Rank #1. The expected earnings growth rate for the current year is 53.33%. The Zacks Consensus Estimate for the current year has improved 5.9% over the last 30 days. Kratos Defense & Security Solutions has gained 11.4% in the last one year.
The Boeing Company is a manufacturer of commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services.
This Illinois-based company has a Zacks Rank #2. The expected earnings growth rate for the current year is 21.32%. The Zacks Consensus Estimate for the current year has improved 4% over the last 30 days. Boeing has gained 92.2% in the last one year.
Wesco Aircraft Holdings, Inc. is a provider of aerospace products and supply chain management services to the aerospace industry.
This California-based company has a Zacks Rank #2. The expected earnings growth rate for the current year is 29.94%. The Zacks Consensus Estimate for the current year has improved 10% over the last 30 days. Wesco Aircraft Holdings has gained 14.9% in the last one year.
ManTech International Corporation is a provider of technologies and solutions for mission-critical national security programs.
This Virginia-based company has a Zacks Rank #2. The expected earnings growth rate for the current year is 26.54%. The Zacks Consensus Estimate for the current year has improved 2% over the last 30 days. ManTech International has gained 39.2% in the last one year.
CPI Aerostructures, Inc. is engaged in the contract production of structural aircraft parts and sub-assemblies for the commercial and military sectors of the aircraft industry.
This New York-based company has a Zacks Rank #2. The expected earnings growth rate for the current year is 31.54%. The Zacks Consensus Estimate for the current year has improved 8.9% over the last 30 days. CPI Aerostructures has gained 35.6% in the last one year.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com/
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The Boeing Company (BA) : Free Stock Analysis Report
Wesco Aircraft Holdings, Inc. (WAIR) : Free Stock Analysis Report
CPI Aerostructures, Inc. (CVU) : Free Stock Analysis Report
Kratos Defense & Security Solutions, Inc. (KTOS) : Free Stock Analysis Report
ManTech International Corporation (MANT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
