AAR (NYSE:AIR) Stock, Quote.Headers.trade-ideas

AAR Corp is engaged in providing products and services to aviation, government, and defense market. It operates in three segments namely Parts Supply, Repair & Engineering, and Integrated Solutions. The parts supply segment majorly consists of sales and leasing of USM and aftermarket distribution of new, OEM-supplied replacement parts. Repair & Engineering segment provides airframe maintenance, component repair, and landing gear overhaul services. Integrated Solutions segment majorly consists of its fleet management and operations of customer-owned aircraft, customized performance-based supply chain logistics programs in support of the U.S. Department of Defense and foreign governments, flight hour component inventory and repair programs for commercial airlines.

NYSE

Earnings

Equities

News

Futures

Previews

Economics

Federal Reserve

Pre-Market Outlook

Markets

Movers

Trading Ideas

$BTC

DELL

ERIE

INTC

PLTR

QCOM

U.S. index futures are modestly higher at the start of a new week as the rate cut euphoria fades and traders look ahead to the next key catalysts.

Wall Street Eyes Modestly Positive Start As Atypical September Rally Generates Positive Sentiment, China Cuts Rate: Intel, Palantir, Bitcoin Make Huge Moves

Market,Sentiment,,Fear,And,Greed,Index,,Emotional,On,Stock,Market

RCAT

Dow Settles At New Record High: Investor Sentiment Declines But Fear Index Remains In &#39;Greed&#39; Zone

Come gli analisti valutano General Mills prima dei risultati del Q1

IBIO

PIXY

UXIN

AAR, ShiftPixy And 3 Stocks To Watch Heading Into Monday

AAR Corp

AIR ASTANA JSC REG S

Apartment Income REIT Corp Com

ReAlpha Tech Corp

Airgain Inc

Air Industries Group

Montana Technologies Corp - Class A Common Stock

Montana Technologies Corp

Themes Airlines ETF

AIRMATE CAYMAN INTL CO by Airmate Cayman International Co Ltd.

Airmate (Cayman) International Co Ltd

First Trust RBA American Industrial Renaissance ETF

AURION RESOURCES LTD ORD by Aurion Resources Ltd.

Aurion Resources Ltd

AirSculpt Technologies, Inc. - Common Stock

AirSculpt Technologies Inc

Air T Inc

Air China Ltd

AAR Awarded $1.2B Five-Year Contract By U.S. Navy For P-8A Poseidon Depot Maintenance And Field Team Support For U.S., Australia, And FMS Customers

U.S. index futures are modestly higher at the start of a new week as the rate cut euphoria fades and traders look ahead to the next key catalysts. The tech space could get a lift from <a href="https://www.benzinga.com/news/24/09/40975507/intels-stock-gains-in-pre-market-trading-following-reports-of-qualcomms-and-apollos-investment-offer">a potential lifeline for struggling Intel Corp.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and traders may also look ahead to Micron Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) earnings report due later this week. FedEx Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) annual shareholder meeting and conference presentations by companies could also be on traders&#8217; radar.
A few Fed speeches and private sector activity data due on Monday will also be of interest to the market, which has had an atypically strong September. China followed up with more cuts on Monday as the country strives to bring the struggling economy back on track.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.24%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.15%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.06%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.32%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.15% to $569.09 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) climbed 0.27% to $483.06, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Week:
U.S. stocks recorded gains for the second straight week as the Fed&#8217;s 50 basis-point cut set the market on fire, although a session after the announcement. After a mixed start to the week, positive retail sales generated buying interest in the market on Tuesday. Sentiment soured on Wednesday despite the initial positive reaction to the rate cut and the major indices closed lower. 
Traders reacted with a lag to the rate cut, sending averages sharply higher on Thursday. The S&amp;P 500 Index and the Dow Jones Industrial Average scaled record highs in the session. Caution returned on Friday as the market closed the triple-witching session on a mixed note. The Dow built on its gains on Friday and ended at a new high.
&#8220;This might be a September rally to remember on Wall Street, as history is not on the side of September delivering many market rallies,&#8221; said fund manager Louis Navellier.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Weekly Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+1.50%</td>
<td>17,948.32</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+1.36%</td>
<td>5,702.55</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+1.62%</td>
<td>42,063.36</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+2.08%</td>
<td>2,227.89</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
The atypical September rally points to more gains ahead before the year ends, says Carson Group&#8217;s Chief Market Strategist Ryan Detrick. A new high for the S&amp;P 500 Index in September has meant an even better fourth quarter in the past, he said. The market has risen 19 out of 21 times and the average gain is nearly 5%, he said. If the new high was made in September, which also happens to be an election year, the fourth quarter is higher 100% of the time with an average gain of 6%.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">When the S&amp;P 500 makes a new high in September (like &#39;24) it appears Q4 does even better. In fact, higher 19 out of 21 times (90.4%) and up nearly 5% on avg. New highs in Sept of election year? Q4 higher 6 out of 6 and up nearly 6% on avg.
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1837903370494820836?ref_src=twsrc%5Etfw">September 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The S&amp;P 500 Index, which closed Friday&#8217;s session, just shy of an all-time high, is now above year-end price predictions of 70% of Wall Street analysts. This has rendered S&amp;P valuation slightly higher than the average number for the past five and past 10 years, FactSet data showed.
JPMorgan Global Investment Strategist&nbsp;Sarah Stillpass&nbsp;said in a report the September rate cut could bode well for equities. Since 1980, five of the 10 best years for the S&amp;P 500 happened when the Fed was cutting rates without a recession, she said. She also noted that the Fed has cut rates 12 times when the S&amp;P 500 was within 1% of its all-time high such as the current year. The market was higher one year later all 12 times, with a median return of 15%, she added.
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data:
A slew of Fed speeches and the core personal consumption expenditure index, which is part of the personal income and spending report, are the key data the market will likely look forward to in the unfolding week. Traders may also keep a close eye on the weekly jobless claims data, flash private sector activity readings from S&amp;P Global, a consumer confidence reading, the August durables goods orders data and a couple of housing market readings.
On Monday, Atlanta Fed President Raphael Bostic is scheduled to speak at 8 a.m. EDT, followed by Chicago Fed President Austan Goolsbee at 10:15 a.m. EDT and Minneapolis Fed President Neel Kashkari&nbsp;at 1 p.m. EDT.
S&amp;P Global will release its flash manufacturing and service sector purchasing managers&#8217; indices for September at 9:45 a.m. EDT. Economists, on average, expect the manufacturing purchasing managers&#8217; index to rise from 47.9 in August to 48.4 in September, suggesting the sector continued to contract. The service sector PMI is widely expected to hold steady at 55.4 compared to August&#8217;s 55.7.
The Treasury will auction three- and six-month notes at 11:30 a.m. EDT.
Stocks In Focus:
<ul>
<li>Intel rose about 3% <a href="https://www.benzinga.com/premarket">in premarket trading</a> amid reports that Apollo Global Management seeks to invest $5 billion in the chipmaker in return for an equity stake in the company. Incidentally, Qualcomm, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) is rumored to be interested in buying Intel.</li>
<li>Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rally is sending crypto-linked stocks higher on Monday.</li>
<li>Palantir Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) fell over 1.60% following a negative analyst action. The company will be added to the S&amp;P 500 Index, along with Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) and Erie Indemnity Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>).</li>
<li>AAR Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) is due to <a href="https://www.benzinga.com/calendars/earnings">announce its quarterly results after the market closes.</a></li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil and gold futures are modestly higher, with the latter trading near record territory. Bitcoin has gone past the $63.5K level. The 10-year Treasury note yield rose 1.1 points to 3.739%.
The Asian markets closed on a lackluster note, although the Japanese market remained closed for a public holiday. The People&#8217;s Bank of China announced a cut to its 14-day reverse repurchase rate, following up with the downward adjustments that began in July. Chinese central bank governor Pan Gongsheng will hold a press conference Tuesday on financial support for economic development, alongside two other officials, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-09-23/china-announces-another-rate-cut-as-growth-slowdown-worsens">reported.</a>
European stocks also showed tentativeness as domestic traders digested weak private sector activity data from the region.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40974885/s-p-500-outpaces-wall-street-projections-as-year-end-nears-will-the-rally-hold">S&amp;P 500 Outpaces Wall Street Projections As Year-End Nears: Will The Rally Hold?</a></li>
</ul>
Photo via Shutterstock

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Friday.
U.S. stocks settled higher on Friday, with the Dow Jones index settling at a record high during the session. The US Federal Reserve, on Wednesday, slashed interest rates by 50 basis points Wednesday at its September Federal Open Market Committee meeting, lowering the federal funds rate to a range of 4.75% to 5%.
All three major indices recorded weekly gains, with the S&amp;P 500 gaining around 1.4% and adding more than 19% in 2024. The Dow gained around 1.6% last week, while the tech-heavy Nasdaq jumped around 1.5% during the week.
FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) shares dipped over 15% on Monday after the company reported worse-than-expected first-quarter financial results and cut FY25 guidance.
Most sectors on the S&amp;P 500 closed on a negative note, with industrials, materials and information technology stocks recording the biggest losses on Friday. However, utilities and communication services stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed higher by around 38 points to 42,063.36 on Friday. The S&amp;P 500 fell 0.19% to 5,702.55, while the Nasdaq Composite dipped 0.36% to 17,948.32 during Friday's session.
Investors are awaiting earnings results from AAR Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) and Red Cat Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 62.9, the index remained in the &#8220;Greed&#8221; zone on Friday, versus a prior reading of 65.1.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40962695/jim-cramer-viking-has-many-ships-coming-in">Jim Cramer: Viking Has &#8216;Many Ships Coming In&#8217;</a></li>
</ul>

Dow Settles At New Record High: Investor Sentiment Declines But Fear Index Remains In 'Greed' Zone

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects AAR Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) to report quarterly earnings at 82 cents per share on revenue of $645.50 million after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. AAR shares edged lower to $69.26 in after-hours trading.</li>
<li>ShiftPixy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIXY#NASDAQ">PIXY</a>) announced a 1-for-15 reverse stock split. ShiftPixy shares gained 0.8% to $1.21 in the after-hours trading session.</li>
<li>Analysts expect Red Cat Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) to post a quarterly loss at 8 cents per share on revenue of $3.85 million after the closing bell. Red Cat shares gained 0.3% to $3.14 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>iBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIO#NASDAQ">IBIO</a>) posted a consolidated net loss of $24.9 million for the fiscal year ended June 30, versus a year-ago loss of $65.01 million. Its revenue jumped 100% to around $0.2 million. iBio shares fell 0.5% to $1.96 in the after-hours trading session.  </li>
<li>Before the markets open, Uxin Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NYSE">UXIN</a>) is projected to report earnings results for the first quarter. Uxin shares fell 1.6% to $1.56 in the after-hours trading session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40962695/jim-cramer-viking-has-many-ships-coming-in">Jim Cramer: Viking Has &#8216;Many Ships Coming In&#8217;</a></li>
</ul>

AAR Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) will release earnings results for its first quarter fiscal year 2025, after the <a href="https://www.benzinga.com/quote/AIR/earnings">closing bell on Monday, Sept. 23.</a>
Analysts expect the Wood Dale, Illinois-based company to report quarterly earnings at 84 cents per share, up from 78 cents per share in the year-ago period. AAR is projected to post quarterly revenue of $646.06 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Sept. 16, AAR and Defense Logistics Agency Land and Maritime signed a supply chain alliance to enhance joint support for U.S. warfighter.
AAR shares gained 1.4% to close at $68.89 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TCOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5dfa5c7f3513fb0001efbfda/ken-herbert">RBC Capital analyst Ken Herbert </a>maintained an Outperform rating and raised the price target from $80 to $85 on July 19. This analyst has an accuracy rate of 68%.</li>
<li>Stifel analyst Bert Subin maintained a Buy rating and slashed the price target from $86 to $85 on July 19. This analyst has an accuracy rate of 62%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58a5e02a43eaaa00018d93a0/josh-sullivan">Benchmark analyst Josh Sullivan</a> maintained a Buy rating and raised the price target from $65 to $83 on April 15. This analyst has an accuracy rate of 84%.</li>
<li>William Blair analyst Louie DiPalma initiated coverage on the stock with an Outperform rating on Jan. 29. This analyst has an accuracy rate of 72%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5935519e85b07a0001c0bc51/michael-ciarmoli">Truist Securities analyst Michael Ciarmoli</a> maintained a Buy rating and increased the price target from $68 to $81 on Dec. 22, 2023. This analyst has an accuracy rate of 77%.</li>
</ul>
Considering buying AIR stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="509" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19024722/image-144-1024x509.png" alt="" class="wp-image-555444" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19024722/image-144-1024x509.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19024722/image-144-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19024722/image-144-768x382.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19024722/image-144.png 1342w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: &lt;a href=&#8221;https://www.benzinga.com/news/24/04/38268727/top-4-tech-stocks-you-may-want-to-dump-in-april&#8221;&gt;&lt;em&gt; Top 4 Tech Stocks You May Want To Dump In April &lt;/em&gt;&lt;/a&gt;

Top Wall Street Forecasters Revamp AAR Price Expectations Ahead Of Q1 Earnings

AAR And Defense Logistics Agency Land And Maritime Sign Supply Chain Alliance To Enhance Joint Support For U.S. Warfighter

WIIM

AREB

CNTM

ELWS

EVEX

EVTL

FRGT

FTAI

GTLS

GWAV

HOVR

ICFI

IESC

KITT

PMEC

PRIM

PXDT

RELX

SDST

SGLY

SHIM

SNCY

SPIR

SPPL

SPWR

VATE

VSTE

XPON

Shares of companies within the broader industrial sector are trading lower amid overall market weakness on US economic concerns. An economic slowdown could impact demand.

ALTG

ARIS

ARRY

ASLE

ATKR

AXON

CAAP

CAPT

CARR

CDLR

CHRW

CMPR

DRVN

Embraer-Empresa Brasileira De Aeronautica

EXPD

FLNC

FWRD

HUBB

HYLN

HYZN

JOBY

LICN

MYRG

NCNC

NKLA

NVRI

REZI

ROCK

RUSHA

RUSHB

SHLS

STAF

TFII

TOMZ

TPIC

ULCC

WLFC

Shares of companies within the broader industrial sector are trading lower amid overall market weakness following weak US data.

AAR And Ontic Expand The Companies' Existing Defense And Commercial Partnerships And Enhance Service Offerings For The U.S. Government And Worldwide Commercial Customers

Shares of Selective Insurance Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) fell sharply during Friday's session following <a href="https://www.benzinga.com/quote/SIGI/earnings">weak quarterly results.</a>
Selective Insurance reported quarterly losses of $1.10 per share which missed the analyst consensus estimate of $1.49 per share. The company reported quarterly sales of $1.196 billion which missed the analyst consensus estimate of $1.204 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Selective Insurance Group shares dipped 14.8% to $85.40 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Augmedix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUGX#NASDAQ">AUGX</a>) shares jumped 148.8% to $2.28 after the company announced it will be acquired by Commure.</li>
<li>60 Degrees Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SXTP#NASDAQ">SXTP</a>) climbed 85.7% to $0.4566 after the company signed clinical trial agreements with three planned trial sites for the Tafenoquine Babesiosis study.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) shares gained 70% to $2.36. Maxim Group analyst Naz Rahman upgraded Virpax Pharmaceuticals from Hold to Buy and announced a price target of $3.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) gained 51.3% to $3.98 after gaining over 12% on Thursday.</li>
<li>Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) shares rose 36.1% to $17.35 following a report suggesting the company reached a settlement plan over the Maui wildfires.</li>
<li>Autonomix Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMIX#NASDAQ">AMIX</a>) gained 34% to $1.83.</li>
<li>Permianville Royalty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVL#NYSE">PVL</a>) rose 22.7% to $1.4601. Permianville Royalty Trust announced a cash distribution to the holders of its units of beneficial interest of $0.011000 per unit, payable on Aug. 14, 2024 to unitholders of record on July 31, 2024.</li>
<li>Power REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PW#NYSE">PW</a>) surged 15.4% to $0.9808.</li>
<li>NaaS Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) shares gained 14.1% to $9.23 after jumping 53% on Thursday.</li>
<li>Antelope Enterprise Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) climbed 13.6% to $4.1001.</li>
<li>Golden Sun Health Technology Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSUN#NASDAQ">GSUN</a>) gained 13.6% to $7.75.</li>
<li>MoneyLion Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ML#NYSE">ML</a>) gained 11.6% to $71.21. MoneyLion will release its financial results for the second quarter of 2024 on Tuesday, Aug. 6, 2024.</li>
<li>HIVE Digital Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) gained 9.8% to $4.02. B. Riley Securities analyst Lucas Piper initiated coverage on HIVE Digital Technologies with a Buy rating and announced a price target of $6.</li>
<li>Intuitive Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) rose 8.3% to $450.52 after the company reported better-than-expected second-quarter financial results.</li>
<li>Torrid Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NASDAQ">CURV</a>) gained 7.7% to $8.00.</li>
<li>Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) rose 7.2% to $76.16 following upbeat quarterly results.</li>
<li>Kuke Music Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KUKE#NASDAQ">KUKE</a>) gained 6.7% to $1.28.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares dipped 45.8% to $0.82. SunPower shares dipped 40% on Thursday following the company's announcement of a significant operational pause and a subsequent analyst downgrade.</li>
<li>Hyzon Motors Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>) shares fell 42% to $0.1648 after the company reported pricing of $4.5 million registered direct offering.</li>
<li>Nauticus Robotics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) fell 30.5% to $0.0896 after the company announced a 1-for-36 reverse stock split.</li>
<li>Silo Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SILO#NASDAQ">SILO</a>) declined 26% to $2.57 as the company announced a $2.1 million registered direct offering priced at-the-market under Nasdaq rules.</li>
<li>Salarius Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRX#NASDAQ">SLRX</a>) shares dipped 23.1% to $1.86 after jumping 59% on Thursday. Salarius Pharmaceuticals was recently notified by MD Anderson Cancer Center of a Grade 4 adverse event in the Seclidemstat clinical trial.</li>
<li>TRxADE HEALTH, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDS#NASDAQ">MEDS</a>) fell 19.6% to $16.80.</li>
<li>Onconetix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONCO#NASDAQ">ONCO</a>) fell 18.1% to $0.1787 after gaining over 46% on Thursday.</li>
<li>Crown LNG Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGBS#NASDAQ">CGBS</a>) dipped 16.7% to $1.4995.</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares fell 16% to $2.4550 after the company announced the commencement of a $200 million public offering of its common stock.</li>
<li>Selina Hospitality PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) dipped 15.7% to $0.0477.</li>
<li>Scholastic Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) fell 15.4% to $30.94 following weaker-than-expected fourth-quarter results.</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares declined 15.4% to $2.47 after the company announced the commencement of a $200 million public offering of its common stock.</li>
<li>Corsair Gaming, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSR#NASDAQ">CRSR</a>) dipped 14.3% to $8.32 after the company reported preliminary financial results below estimates. Also, Baird maintained a Neutral rating on the stock and lowered its price target from $14 to $10.</li>
<li>American Rebel Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) fell 13.9% to $0.6298.</li>
<li>QXO, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NASDAQ">QXO</a>) fell 13.6% to $58.00.</li>
<li>Comerica Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) dipped 13.4% to $48.81 following second-quarter results.</li>
<li>Wipro Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WIT#NYSE">WIT</a>) fell 11.4% to $6.11 following first-quarter results.</li>
<li>AAR Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) dipped 10.6% to $65.51 following weak quarterly sales.</li>
<li>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) shares fell 10.1% to $308.48 after the company suffered major outage impacting businesses around the world.</li>
<li>Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) dipped 8.3% to $6.39.</li>
<li>Autoliv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>) fell 8.1% to $99.82 following downbeat quarterly results.</li>
<li>The Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) declined 5.6% to $208.32 following weak quarterly sales.</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) fell 5.5% to $32.90.</li>
<li>Visteon Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) dipped 5% to $107.85.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39859847/netflix-to-rally-more-than-10-here-are-10-top-analyst-forecasts-for-friday">Netflix To Rally More Than 10%? Here Are 10 Top Analyst Forecasts For Friday</a></li>
</ul>

Intraday Update

AEHL

AMIX

AUGX

CGBS

CRSR

CRWD

CURV

GSUN

HIVE

ISRG

KUKE

MEDS

NAAS

ONCO

PLUG

SCHL

SERV

SIGI

SILO

SLNA

SLRX

SXTP

VRPX

Why Selective Insurance Group Shares Are Trading Lower By Around 15%? Here Are Other Stocks Moving In Friday's Mid-Day Session

RBC Capital analyst Ken Herbert maintains AAR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) with a Outperform and raises the price target from $80 to $85.

Price Target

Analyst Ratings

RBC Capital Maintains Outperform on AAR, Raises Price Target to $85

AAR shares are trading lower after the company reported mixed Q4 financial results.

Stifel analyst Bert Subin maintains AAR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) with a Buy and lowers the price target from $86 to $85.

Stifel Maintains Buy on AAR, Lowers Price Target to $85

AAR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.85 by 3.53 percent. The company reported quarterly sales of $657.00 million which missed the analyst consensus estimate of $658.93 million by 0.29 percent. This is a 18.74 percent increase over sales of $553.30 million the same period last year.

Earnings Beats

Earnings Misses

AAR Q4 2024 Adj EPS $0.88 Beats $0.85 Estimate, Sales $657.00M Miss $658.93M Estimate

AAR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) reported quarterly earnings of $3.33 per share which beat the analyst consensus estimate of $3.31 by 0.6 percent. The company reported quarterly sales of $2.30 billion which missed the analyst consensus estimate of $2.32 billion by 0.91 percent.

AAR FY 2024 Adj EPS $3.33 Beats $3.31 Estimate, Sales $2.30B Miss $2.32B Estimate

Constant earnings growth captivates almost everyone, from the top brass to research analysts. This is because earnings are a measure of the money a company is making.
Still, earnings acceleration works even better when lifting the stock price. Studies have shown that most successful stocks have seen an acceleration in earnings before an uptick in the stock price.
Earnings acceleration is the incremental growth in a company&#39;s earnings per share. In other words, if the rate of a company&#39;s quarter-over-quarter earnings growth increases within a stipulated time frame, it can be called earnings acceleration.
In the case of earnings growth, you pay for something that is already reflected in the stock price. But earnings acceleration helps spot stocks that haven&#39;t yet caught the attention of investors and, once secured, will invariably lead to a rally in the share price. This is because earnings acceleration considers both the direction and magnitude of growth rates.
An increasing percentage of earnings growth means that the company is fundamentally sound and has been on the right track for a considerable period. Meanwhile, a sideways percentage of earnings growth indicates a period of consolidation or slowdown, while a decelerating percentage of earnings growth may drag prices down.
<h2>Screening Parameters</h2>
Let us look at stocks for which the last two quarter-over-quarter percentage EPS growth rates exceed the previous periods&#39; growth rates. The projected quarter-over-quarter percentage EPS growth rates are also expected to be higher than the previous periods&#39; growth rates.
EPS % Projected Growth (Q1)/(Q0) greater than EPS % Growth (Q0)/(Q-1): The projected growth rate for the current quarter (Q1) over the completed quarter (Q0) has to be greater than the growth rate from the completed quarter (Q0) over one quarter ago (Q-1).
EPS % Growth (Q0)/(Q-1) greater than EPS % Growth (Q-1)/(Q-2): The growth rate for the completed quarter (Q0) over one quarter ago (Q-1) has to be greater than the growth rate from one quarter ago (Q-1) over two quarters ago (Q-2).
EPS % Growth (Q-1)/(Q-2) greater than EPS % Growth (Q-2)/(Q-3): The growth rate from one quarter ago (Q-1) over two quarters ago (Q-2) has to be greater than the growth rate from two quarters ago (Q-2) over three quarters ago (Q-3).
In addition to this, we have added the following parameters:
Current Price greater than or equal to $5: This screens out low-priced stocks.
Average 20-day volume greater than or equal to 50,000: High trading volume implies that the stocks have adequate liquidity.
The above criteria narrowed the universe of around 7,735 stocks to only nine. Here are the three stocks to watch now:
<h3>RTX Corporation</h3>
RTX Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>) is an aerospace and defense company. The increase in defense orders and an uptick in air traffic have bolstered RTX&#39;s profit margins.
RTX currently has a Zacks Rank #3 (Hold). RTX&#39;s expected earnings growth rate for the current year is 6.5%.
<h3>AAR</h3>
AAR (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/air#NYSE">AIR</a>) provides various products and services to the aviation and defense industries. AAR&#39;s parts supply business is performing well thanks to growing demand in the leisure market.
Currently, AAR has a Zacks Rank #2 (Buy). AAR&#39;s expected earnings growth rate for the current year is 15.4%.
<h3>Intrepid Potash</h3>
Intrepid Potash (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ipi#NYSE">IPI</a>) is the largest producer of potash in the United States. Intrepid Potash also produces and sells various other minerals containing potassium.
Intrepid Potash presently has a Zacks Rank #2. IPI&#39;s expected earnings growth rate for the current year is 160%.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
<a href="https://www.zacks.com/stock/news/2298739/3-must-watch-stocks-for-earnings-acceleration-rtx-air-ipi?cid=CS-BENZ-FT-analyst_blog|rw-2298739">To read this article on Zacks.com click here.</a>

3 Must-Watch Stocks for Earnings Acceleration

The aerospace defense equipment industry has maintained its northbound journey amid supply-chain woes. Nevertheless, improving defense budget funding from the U.S. administration and impressive year-over-year projections for global air passenger numbers are likely to boost this space in the second half of 2024.
The aerospace defense equipment industry comprises companies that primarily design and manufacture heavy-built products like commercial as well as military jets and helicopters, tankers and other combat vehicles, missiles, combatant ships as well as auxiliary ships, submarines, bombs, guns, space transportation vehicles, military satellites and a few more.
The industry stood its ground on the back of steady government support. Importantly, in March 2024, the fiscal 2025 defense budget request was submitted by President Joe Biden. This included a funding proposal of $849.8 billion for the U.S. Department of Defense, which reflected a 1% increase from the fiscal 2024 enacted funding amount.
Steadily improving global air traffic data in recent times has been boosting the near-term growth prospects of the industry. As stated in the latest report published by the IATA in June, total travelers are expected to reach 4.96 billion in 2024 &mdash; a record high. Total revenues are expected to reach $996 billion in 2024 &mdash; a record high, reflecting an improvement of 9.7% year over year.
The Zacks-defined Aerospace &ndash; Defense Equipment Industry is currently in the top 14% of the Zacks Industry Rank. In the past year, the industry has provided 28.1% returns, while its year-to-date return is 15.2%. Since it is ranked in the top half of Zacks Ranked Industries, we expect the consulting services industry to outperform the market over the next three to six months.
<h3>Our Top Picks</h3>
We have narrowed our search to five aerospace defense equipment stocks that have strong growth potential for the rest of 2024. These stocks have seen positive earnings estimate revisions in the last 60 days. Each of our picks sports either a Zacks Rank #1 (Strong Buy) or 2 (Buy).
The chart below shows the price performance of our five picks year to date.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f7/69333.jpg?v=94379012" /> 
Image Source: Zacks Investment Research
Elbit Systems Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eslt#NASDAQ">ESLT</a>) develops and supplies a portfolio of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications primarily in Israel, North America, the Asia-Pacific, Europe, Latin America, and internationally.
ESLT operates through five segments: Aerospace; C4I and Cyber, Intelligence, Surveillance, Target Acquisition and Reconnaissance and Electronic Warfare, Land, and Elbit Systems of America.
Zacks Rank #1 ESLT has an expected revenue and earnings growth rate of 7.3% and 11.2%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 17.7% over the last 30 days.
AerSale Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asle#NASDAQ">ASLE</a>) provides aftermarket commercial aircraft, engines, and parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul service providers worldwide. ASLE operates in two segments, Asset Management Solutions and Technical Operations (TechOps).
Zacks Rank #1 ASLE has an expected revenue and earnings growth rate of 13.2% and more than 100%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 11.4% over the last 60 days.
AAR Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/air#NYSE">AIR</a>) provides various products &amp; services to the aviation &amp; defense industries worldwide. AIR&#39;s principal customers are The Boeing Co. and Airbus. AIR has two business segments: Aviation Services and Expeditionary Services.
Zacks Rank #2 AAR has an expected revenue and earnings growth rate of 17.2% and 24.1%, respectively, for the current year (ending May 2025). The Zacks Consensus Estimate for current-year earnings has improved 0.5% over the last 60 days.
HEICO Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hei#NYSE">HEI</a>) has witnessed improved demand for its commercial aerospace products and services in the last couple of quarters, buoyed by a recovery in commercial air travel. The expectation of continued recovery in domestic and international travel demand bodes well for HEI&#39;s growth in the coming days.
HEI&#39;s disciplined acquisition strategy has also been driving its overall performance. Wencor&#39;s takeover has boosted HEI&#39;s position in the aircraft aftermarket space. The stock has a strong solvency position in the short run.
Zacks Rank #2 HEICO has an expected revenue and earnings growth rate of 30.3% and 15.7%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the last seven days.
Curtiss-Wright Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cw#NYSE">CW</a>) is a diversified multinational company that designs and overhauls precision components. CW provides highly engineered products and services for high-performance platforms, and critical applications in key areas such as commercial aerospace and defense electronics, reactor coolant pumps for next-generation nuclear reactors as well as advanced surface treatment technologies.
CW&#39;s products &amp; services are offered to the aerospace, defense, general industrial and power generation markets. CW has three business segments: Aerospace &amp; Industrial, Defense Electronics, and Naval &amp; Power.
Zacks Rank #2 Curtiss-Wright has an expected revenue and earnings growth rate of 6.3% and 9.5%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.1% over the last 60 days.
<a href="https://www.zacks.com/stock/news/2292097/top-5-aerospace-defense-equipment-stocks-for-second-half-2024?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2292097">To read this article on Zacks.com click here.</a>

Small Cap

ESLT

Top 5 Aerospace Defense Equipment Stocks for Second-Half 2024

AAR CORP. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a territory expansion agreement that expands its Americas-based electronics distribution relationship with OTTO Engineering, Inc. (OTTO) into the APAC region.&nbsp;

AAR Expands Electronics Distribution Relationship With OTTO Engineering Into The APAC Region

RBC Capital analyst Ken Herbert reiterates AAR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) with a Outperform and maintains $80 price target.

Reiteration

RBC Capital Reiterates Outperform on AAR, Maintains $80 Price Target

Steadily improving air traffic across the globe has been boosting the growth prospects of the&nbsp; Zacks Aerospace-Defense Equipment industry stocks. However, persistent supply-chain issues may negatively impact the operating results of the industry players. Nevertheless, valuable mergers and acquisitions are projected to improve economies of scale for the concerned stocks. Solid growth projections for the airline industry should bolster aerospace-defense equipment stocks&#39; growth. Some key players from this industry that appear well-poised are TransDigm Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tdg#NYSE">TDG</a>), Heico Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hei#NYSE">HEI</a>), Moog Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mog-a#NYSE">MOG-A</a>) and AAR Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/air#NYSE">AIR</a>).
About the Industry
The Zacks Aerospace-Defense Equipment industry comprises firms that manufacture various vital components for the aerospace-defense space, ranging from aerostructures, space shuttles, propulsion systems, aircraft engines, defense electronics, missile and radar systems to flight test equipment, structural adhesives, instrumentation and control systems, communication products and many more. Some of these companies also offer integrated simulation and training services to the U.S. defense force. While the majority of the revenues are generated from the production of the aforementioned accompaniments, the industry players also generate revenues by providing notable aftermarket support and services like maintenance, repair and overhaul activities to aerospace and defense players.
3 Trends Shaping the Future of the Aerospace-Defense Equipment Industry
New M&amp;As Instill Hopes: Rising competition has historically prompted industry majors to expand their product lines through valuable mergers and acquisitions (M&amp;As). In April 2024, Curtiss-Wright Corporation completed the acquisition of WSC, Inc. for $34 million. The buyout is expected to expand Curtiss-Wright&#39;s portfolio of advanced commercial nuclear technologies utilized in the modernization of existing power plants and the design of new power plants, such as Advanced Small Modular Reactors. In February 2024, BAE Systems completed its acquisition of Ball Aerospace for $5.55 billion. This transaction must have offered BAE Systems a robust platform for accelerating its space strategy, apart from enhancing its product portfolio with other critical defense components. Such consolidations should improve economies of scale for the industry as a whole, with the players having access to diversified business models, which in turn should bolster their revenue growth. 
Impressive Air Traffic View Boosts Prospects: World air travel data has been on a steady growth trajectory for the past few months, driven by pent-up passenger demand. Per a report published by the International Air Transport Association (IATA) in December 2023, air passenger revenues are expected to witness a solid 12% year-over-year improvement in 2024, whereas revenue passenger kilometers (RPKs) growth is estimated to be 9.8% during the same period. Consequently, airline industry revenues are expected to reach a historic high of $964 billion in 2024. Such projections bode well for aerospace-defense equipment industry stocks, especially those engaged in commercial aviation. 
Supply-Chain Disruption Poses Risk: The COVID-19-pandemic-driven supply-chain issues continue to impact global trades and businesses. Airlines have been directly affected by unforeseen maintenance issues on some aircraft/engine types, as well as delays in the delivery of aircraft parts and aircraft, thereby limiting capacity expansion and fleet renewal. According to some industry experts, although headwinds like the shortage of aircraft parts and delivery delays are easing of late, it might take up to two years for the entire challenge to settle down. Therefore, the supply-chain bottleneck is here to stay, which, in turn, might cause Original Equipment Manufacturers (OEMs) to scale down their production volume. This might result in lower earnings and cash flows for the aerospace and defense equipment industry in the near term.
Zacks Industry Rank Reflects Bleak Outlook
The Zacks Aerospace-Defense Equipment industry is housed within the broader Zacks Aerospace sector. It currently carries a Zacks Industry Rank #140, which places it in the bottom 44% of more than 250 Zacks industries. 
The group&#39;s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates gloomy near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1. 
The industry&#39;s position in the bottom 50% of the Zacks-ranked industries is due to a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts have lost confidence in this group&#39;s earnings growth potential over the past few months. The industry&#39;s bottom-line estimate for the current fiscal year has moved down 15% to $2.95 since Jan 31.
Before we present a few aerospace-defense equipment stocks that you may want to add to your portfolio, let&#39;s take a look at the industry&#39;s recent stock market performance and valuation picture.
Industry Beats S&amp;P 500 &amp; Sector
The Aerospace-Defense Equipment industry has outperformed both the Zacks S&amp;P 500 composite and its sector over the past year. The stocks in this industry have collectively risen 27.8% in a year, while the Aerospace sector has declined 0.4%. The Zacks S&amp;P 500 composite has surged 26.6% in the same time frame.
One-Year Price Performance
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/one yr price(7).jpg" style="height:336px; width:625px" /> 
Industry&#39;s Current Valuation
On the basis of trailing 12-month EV/Sales, which is used for valuing capital-intensive stocks like aerospace-defense equipment, the industry is currently trading at 6.35X compared with the S&amp;P 500&#39;s 3.83X and the sector&#39;s 2.32X.
Over the past five years, the industry has traded as high as 6.40X, as low as 5.22X and at the median of 5.81X, as the charts show below.
EV-Sales Ratio TTM 
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/ev-sales ind vs s&amp;p(5).jpg" style="height:330px; width:625px" /> 
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/ev-sales ind vs sec(6).jpg" style="height:325px; width:625px" />
4 Aerospace-Defense Equipment Stocks to Buy
AAR Corp.: Based in Wood Dale, IL, AAR Corp. provides various products and services to the aviation and defense industries worldwide. It develops and manufactures advanced defense products for the U.S. military, intelligence agencies and allies. On Apr 11, 2024, the company announced that it had signed an extension and expansion of its V2500 engine component distribution agreement with Sumitomo Precision Products Co., Ltd.&nbsp;Under the agreement, AIR extended its exclusive agreement to distribute the V2500 pneumatic starter and starter control valve on behalf of SPP for the life of the program. The contract also expanded AAR Corp.&#39;s exclusive distributorship with the addition of all V2500 starter/valve subcomponents.
The stock boasts a four-quarter average earnings surprise of 3.96%. The Zacks Consensus Estimate for AIR&#39;s fiscal 2024 sales implies an improvement of 16.7% over the fiscal 2023 reported sales figure. The company currently carries a Zacks Rank #2 (Buy).
Price &amp; Consensus: AIR
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/air(24).jpg" style="height:472px; width:620px" /> 
Moog: Based in Elma, NY, Moog is a designer, manufacturer, and integrator of precision motion control products and solutions. On Apr 26, 2024, the company announced its first-quarter second 2024 results. Its net sales worth $930 million improved 11% year over year. Adjusted earnings per share also improved a solid 54%. 
The Zacks Consensus Estimate for Moog&#39;s fiscal 2024 earnings indicates a 16.9% improvement from the previous year&#39;s registered number. The consensus mark for fiscal 2024 sales implies an improvement of 6.6% from the previous year&#39;s reported figure. The company currently carries a Zacks Rank #2.
Price &amp; Consensus: MOG-A
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/mog(1).jpg" style="height:465px; width:620px" /> 
TransDigm Group: Based in Cleveland, OH, TransDigm is a leading global designer, producer and supplier of highly engineered aerospace components that are used in commercial and military aircraft. On May 7, 2024, the company announced its second-quarter fiscal 2024 results. Its net sales grew 21% year over year, while earnings per share rose 31%.
The Zacks Consensus Estimate for TDG&#39;s fiscal 2024 sales implies an improvement of 18% from the previous year&#39;s reported figure. The stock boasts a long-term earnings growth rate of 17.5%. It currently holds a Zacks Rank #2.
Price &amp; Consensus: TDG
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/tdg(32).jpg" style="height:462px; width:620px" /> 
Heico Corp.: Based in Hollywood, FL, Heico is one of the world&#39;s leading manufacturers of FAA-approved jet engine and aircraft component replacement parts. On Feb 26, 2024, the company announced its first-quarter fiscal 2024 results. The company&#39;s net sales increased 44.4% year over year to $896.4 million in the reported quarter, while its bottom line improved 22.4%.
The Zacks Consensus Estimate for HEI&#39;s fiscal 2024 sales implies an improvement of 30% from the previous year&#39;s reported figure. The stock boasts a long-term earnings growth rate of 17.6%. It currently holds a Zacks Rank #2.
Price &amp; Consensus: HEI 
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/hei(22).jpg" style="height:462px; width:620px" /> 
<a href="https://www.zacks.com/commentary/2276436/4-defense-equipment-stocks-to-buy-amid-supply-chain-issues?cid=CS-BENZ-FT-industry_outlook-2276436">To read this article on Zacks.com click here.</a>

MOG-A

4 Defense Equipment Stocks to Buy Amid Supply Chain Issues

Manufacturing Downturn Spreads From Europe To America, But U.K. Bucks The Malaise

Steepest Deterioration In Trade Conditions Since December 2023

In a report released yesterday, Kenneth Herbert from RBC Capital maintained a Buy rating on AAR (AIR – Research Report), with a price target of $85...

AAR (AIR) Receives a Rating Update from a Top Analyst

Truist Financial analyst Michael Ciarmoli assigned a Buy rating to the stock today. The company's shares closed yesterday at $69.55. According to T...

Truist Financial Releases a Buy Rating on AAR (AIR)

Earnings week ahead: Micron, Costco, BlackBerry, Accenture and more

AAR Q1 2025 Earnings Preview

Today, several major companies are expected to report earnings: AAR (AIR) and Red Cat Holdings (RCAT). Ahead of earnings, TipRanks shows you the ex...

Options Volatility and Implied Earnings Moves Today, September 23, 2024

This week, several major companies will be reporting earnings. Among them are Micron (MU), Costco (COST), BlackBerry (BB), Accenture (ACN) and Stit...

Options Volatility and Implied Earnings Moves This Week, September 23 – September 26, 2024

AAR secures five-year follow-on contract of approximately $1.2B by NAVAIR

Here's the major earnings after the close today

AAXJ

ACWI

ACWV

ADIV

AFTY

ASEA

ASET

ASHR

ASHS

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

AAR

AAR (AIR) Forecast

AAR (NYSE:AIR) Stock, Quote.Headers.trade-ideas