US Politics & Business News
AST SpaceMobile (ASTS) shares tumbled 21.6% in June, according to data from S&P Global Market Intelligence, marking a sharp reversal for the once high-flying satellite internet company. The decline stems from two major developments that have shaken investor confidence in the company’s ability to maintain its early lead in direct-to-device satellite internet. AST SpaceMobile delayed…
Rocket Lab (NASDAQ: RKLB) shareholders who bought shares two years ago are sitting on one of the most dramatic re-ratings the market has seen in recent memory. The stock traded at $4.54 on July 1, 2024, and closed at $101.65 on June 30, 2026, representing a staggering 2,138% two-year run that has drawn intense retail…
Northrop Grumman (NOC) is aggressively strengthening its foothold in the global missile market through advanced precision-strike technologies and missile defense solutions. The company serves both the U.S. military and allied nations with a broad portfolio designed to counter increasingly sophisticated battlefield threats. NOC’s missile capabilities span tactical missiles, missile defense technologies, next-generation munitions, advanced sensors,…
RTX (RTX) has climbed 33.4% over the past year, fueled by a robust defense and aerospace recovery, and currently trades around $191.78 per share. The company recently delivered a strong quarter featuring 10% organic sales growth and raised its full-year outlook, supported by what management describes as a record backlog. For shareholders who have already…
Shares of aerospace and defense company RTX climbed 3.4% in afternoon trading after its Raytheon business secured a $1.1 billion contract from the U.S. Navy. The contract covers production of AIM-9X Block II missiles along with associated hardware and software for both U.S. military forces and foreign allies. The deal comes in response to increased…
AST SpaceMobile (NASDAQ: ASTS) is gaining serious attention from retail investors looking for a credible, infrastructure-backed alternative to the SpaceX frenzy. The company is developing what it calls the world’s first space-based cellular broadband network operating in Low Earth Orbit, targeting everyday smartphone users. Unlike many space ventures still chasing ambitious concepts, AST SpaceMobile is…
AST SpaceMobile (NASDAQ: ASTS) delivered its best single-day performance in two years, surging 21% on June 29 to close out the second quarter with momentum. The Midland, Texas-based space-based direct-to-device cellular broadband provider had endured a bruising month despite positive operational developments on the satellite launch front. Space stocks broadly took a hit following the…
AeroVironment (AVAV) had already delivered its strongest quarter on record before the week’s biggest catalyst even arrived on Thursday. The drone maker reported a funded backlog of $1.2 billion, a milestone that would have been headline-worthy on its own for any defense company. But the real move came Thursday, when shares jumped 10.7% in a…
RTX Corporation (RTX) is drawing favorable attention from Wall Street, with analysts across 25 brokerage firms weighing in with a broadly positive outlook on the defense and aerospace giant. The company currently holds an average brokerage recommendation of 1.80 on a scale of 1 to 5, where 1 represents a Strong Buy and 5 represents…
On the “Mad Money” Lightning Round Tuesday, June 30, Jim Cramer flagged AST SpaceMobile as a stock he believes can generate real investor returns. “I think it is a great speculative stock…I think you can make money in two years. I would go for it,” Cramer said during the segment. ASTS closed July 2 at…