Finance News
General Dynamics (GD) outperformed the stock market today because of strong earnings reports and favorable market conditions.
Reasons for General Dynamics (GD) Outperforming the Stock Market Today,
In the latest trading session, General Dynamics (GD) closed at $282.49, showcasing a positive movement of +0.21% from the previous trading day. The stock outperformed the S&P 500, which saw a daily gain of 0.11%. Meanwhile, the Dow experienced a 0.12% increase, while the tech-heavy Nasdaq suffered a 0.12% loss.
Before today’s trading, GD had gained 2.77% over the past month. This performance lags behind the Aerospace sector’s gain of 3.33% and the S&P 500’s gain of 3.55% during the same period.
Investors are eagerly awaiting General Dynamics’ upcoming earnings release. The company is expected to report an EPS of $3.12, reflecting an 18.18% increase from the prior-year quarter. Additionally, the latest consensus estimate predicts revenue of $10.75 billion, signifying an 8.76% increase compared to the same quarter of the previous year.
Looking ahead for the full year, Zacks Consensus Estimates project earnings of $14.59 per share and revenue of $46.54 billion. These figures represent changes of +21.38% and +10.1%, respectively, from the prior year.
Changes in analyst estimates for General Dynamics indicate the evolving near-term business trends. Positive revisions in estimates suggest analysts’ confidence in the company’s performance and potential for profits.
It is essential to highlight that GD currently holds a Zacks Rank of #3 (Hold). This ranking system has a proven track record of outperformance, with #1 ranked stocks yielding an average annual return of +25% since 1988.
In terms of valuation, General Dynamics has a Forward P/E ratio of 19.32, which is higher than the industry’s Forward P/E of 18.45. Additionally, GD has a PEG ratio of 1.79, indicating some premium compared to the industry’s average PEG ratio of 1.95.
GD operates in the Aerospace – Defense industry, which is part of the Aerospace sector. This industry has a Zacks Industry Rank of 142, placing it in the bottom 44% of all industries. Research shows that top-rated industries outperform the lower-rated industries by a factor of 2 to 1.
To stay informed about GD’s performance in the upcoming trading sessions, utilize Zacks.com. For the latest recommendations from Zacks Investment Research, you can download the “7 Best Stocks for the Next 30 Days” report using the link provided here.
FAQ:
1. What does a Forward P/E ratio indicate?
The Forward P/E ratio reflects the current price of a stock relative to its projected earnings in the future. A higher ratio may suggest the stock is overvalued, while a lower ratio may indicate undervaluation.
2. How is the PEG ratio different from the P/E ratio?
The PEG ratio incorporates the expected earnings growth rate of a stock alongside its P/E ratio. This metric provides a more holistic view of a stock’s valuation, considering both current price and expected growth.
3. What is the significance of the Zacks Industry Rank?
The Zacks Industry Rank evaluates the performance of industry groups by analyzing the average Zacks Rank of individual stocks within the group. Higher-ranked industries tend to outperform lower-ranked ones, providing valuable insights for investors.
‘Shark Tank’ investor Kevin O’Leary joins ‘Fox & Friends’ to discuss Elon Musk and Vivek Ramaswamy leading DOGE, Trump’s potential appointments for Treasury secretary, and the first-ever crypto czar.
Weighing in on rumblings around a potential Trump-appointed crypto czar, popular entrepreneur Kevin O’Leary called on whoever’s nominated to put an end to regulatory indecision.
“We’ve got to stop these shenanigans because this is a technology that affects all 11 sectors of the economy,” O’Leary said Thursday on “Fox & Friends.”
“It provides efficiency and digital payment systems. And we have to be competitive worldwide.”
According to industry sources familiar with the discussions, President-elect Trump is mulling a position dedicated solely to cryptocurrency policy. It’s unclear whether the role would be a czar type or a White House staff role, but the official holding the position would interact with regulators, including the Securities and Exchange Commission and the Commodity Futures Trading Commission.
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Two names that come to O’Leary’s mind are former acting U.S. Comptroller of the Currency Brian Brooks and Coinbase CEO Brian Armstrong.
Kevin O’Leary put pressure on a potential Trump-nominated crypto czar to start making regulatory decisions as soon as possible. (Getty Images)
“Brian, of Coinbase, he’s being sued by [SEC Chair Gary] Gensler right now. His company is under litigation from the SEC,” the O’Leary Ventures CEO noted.
“We need a czar here, and we need to start making decisions. Is Ethereum a commodity, or is it a security? Pick one and go with it. I don’t care which one it is, but we’ve got to at least pick it,” he added. “We haven’t done that yet.”
‘Making Money’ host Charles Payne discusses the history of money.
The president-elect campaigned heavily among pro-crypto voters, making a stop at crypto bar PubKey in New York City and speaking at the Bitcoin 2024 conference in Nashville, Tennessee, just weeks before Election Day.
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Manward Press chief investment strategist Shah Gilani discusses how high the S&P 500 can climb in 2025 on ‘Making Money.’
Bitcoin, the largest cryptocurrency by market value, touched a new all-time high of $94,000 in afternoon trading Wednesday and has advanced over 156% from its 52-week low of $36,815.63 in November 2023, as tracked by Dow Jones Market Data Group.
iShares Bitcoin ETF Trust
The surge in price has lifted crypto exchange-traded funds, driving the assets of the largest, iShares Bitcoin Trust, to over $40 billion and lifting it to a record high.
Other bitcoin ETFs are also seeing high interest.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| BTC | GRAYSCALE BITCOIN MINI TRT ETF BITCOIN MINI TRUST BTC ETF | 43.34 | +1.50 | +3.59% |
| GBTC | GRAYSCALE BITCOIN TRUST ETF – USD ACC | 77.62 | +2.63 | +3.51% |
| FBTC | FIDELITY WISE ORIGIN BITCOIN FUND – USD ACC | 85.42 | +2.88 | +3.48% |
| ARKB | ARKB – ARK 21SHARES BITCOIN ETF – USD ACC | 97.54 | +3.24 | +3.44% |
FOX Business’ Suzanne O’Halloran contributed to this report.
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Finance News
Ford recalls nearly 25,000 trucks for problem that could make rearview camera malfunction
‘Car Wizard’ David Long joins ‘The Big Money Show’ to share his top ‘no-brainer buys’ under $10,000.
Ford is recalling nearly 25,000 trucks because of a problem that could make the rearview camera system malfunction.
The automaker said water “may enter the Tailgate Park Assist Sensor Interface Module” and lead to a malfunction of the rearview camera image display in 24,950 of its 2023-2024 F-250, F-350 and F-450 trucks.
All the potentially affected trucks feature a tailgate top camera that “provides additional camera images when the tailgate is down and is a separate camera from the primary rear-view camera,” Ford said in a Oct. 25 recall report submitted to the National Highway Traffic Safety Administration (NHTSA).
A 2023 Ford Super Duty F-350 Limited. (Ford Motor Co. / Fox News)
The recall report indicated the problem stemmed from “certain mating interfaces” of the tailgate top camera being “out of tolerance” and the camera bracket “retain[ing] water” during the application.
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In the event that the issue occurs, the rearview camera image may show up as “blue or black” or only work “intermittently,” things that could pose a safety issue due to reduced driver visibility, according to the report.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| F | FORD MOTOR CO. | 10.24 | -0.04 | -0.39% |
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It has not led to any known accidents or injuries, Ford said in another document.
A badge on a vehicle at a Ford dealership in New Lebanon, New York, on Jan. 25. (Angus Mordant/Bloomberg via Getty Images / Getty Images)
According to the recall report, owners of the recalled trucks can get their tailgate top camera, wire harness and TPASIM module swapped out at a Ford or Lincoln dealership for free. Their “Image Processing Module A” will receive a software update too, it said.
“Pick-up and delivery will be available at participating dealerships,” a Ford spokesperson told FOX Business. “We’re also working through other potential options that would make completing this recall as convenient as possible for our customers.”
FORD RECALLS 144,500 MAVERICK TRUCKS DUE TO REARVIEW CAMERA DISPLAY ISSUE
Affected Ford F-250, F-350 and F-40 owners can expect to see a recall notification letter in their mailboxes in early December.
Ford said early last month it has sold over 853,400 of its various types of trucks in the U.S. so far this year.
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