Leidos downgraded by J.P. Morgan as defense stocks face rocky earnings season
FROM THE WIRE · SEEKINGALPHA.COM
[two soldiers in action] StudioThreeDots/iStock via Getty Images J.P. Morgan Chase sees a challenging third-quarter earnings season for aerospace and defense companies as slowing airline traffic growth, uncertainty over U.S. military spending and lingering supply-chain…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishJ.P. Morgan sees challenging Q3 earnings for aerospace and defense due to weak airline traffic and military spending uncertainty.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01J.P. Morgan downgraded Leidos citing slowing airline traffic growth and U.S. military spending uncertainty.
- 02Aerospace and defense sector faces supply-chain constraints and Q3 stock-market weakness.
- 03Solid quarterly earnings may not be enough to reverse the sector's recent stock-market weakness.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Leidos Holdings, Inc.119.22 USDMarket closedtoday +4.99%Negative The Boeing Company187.75 USDMarket closedtoday -0.30%Negative Lockheed Martin Corporation507.89 USDMarket closedtoday +1.74%Negative Northrop Grumman Corporation484.48 USDMarket closedtoday +2.33%Negative Howmet Aerospace Inc.222.53 USDMarket closedtoday -0.10%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets