Streetbeat News

SHLD

Global X Defense Tech ETF

http://www.searsholdings.com

Industry

Asset Management

The fund invests at least 80% of its net assets, plus borrowings for investment purposes (if any), in the securities of the Global X Defense Tech Index, which may include common stocks, American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is owned and was developed by Global X Management Company LLC, an affiliate of the fund and the fund's investment adviser. The fund is non-diversified.

Open

47.27

Mkt cap

867M

Volume

695K

High

47.87

P/E Ratio

31.74

52-wk high

47.87

Low

47.08

Div yield

0.00

52-wk low

32.67

Record defense spending and geopolitical tensions make it an ideal time to invest in the defense sector, particularly through the Global X Defense Tech ETF (SHLD). SHLD offers diversified exposure to top defense stocks like Palantir, RTX, Northrop Grumman, General Dynamics, and Lockheed Martin, ensuring robust future performance. SHLD's strong financial metrics, low volatility, and attractive valuations make it a compelling investment, supported by a 34% share price rally in 2024.

Portfolio Pulse from

February 20, 2025 | 6:00 am

The Global X Defense ETF, which provides exposure to defense technology companies, is facing uncertainty due to mixed signals from President-elect Trump on future US defense spending. Valuations of the ETF's holdings are near all-time highs.

Portfolio Pulse from

November 27, 2024 | 9:15 pm

Palantir Technologies Inc. (PLTR) has extended its multi-million-dollar deal with APA Corporation (APA) to enhance AI capabilities in oil and gas operations. This partnership aims to improve operational efficiency and cost management. PLTR's stock has seen significant gains over the past year.

Portfolio Pulse from Lekha Gupta

September 25, 2024 | 12:54 pm

Palantir Technologies Inc. (NYSE:PLTR) has secured a $99.804 million contract to expand its Maven Smart System across various U.S. military branches. Despite this positive development, PLTR shares are trading lower in the premarket session. Investors can also gain exposure to PLTR through ETFs like REX AI Equity Premium Income ETF (NASDAQ:AIPI) and Global X Defense Tech ETF (NYSE:SHLD).

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2024 | 1:15 pm

Lockheed Martin and Tata Advanced Systems have signed an agreement to enhance their partnership on the C-130J Super Hercules, aiming to boost India's defense capabilities. This includes plans for an MRO facility in India and potential expansion of C-130J manufacturing, pending government approvals.

Portfolio Pulse from Lekha Gupta

September 10, 2024 | 3:04 pm

Parsons Corporation (NYSE:PSN) shares rose after securing a $68.5M contract from the U.S. Army Corps of Engineers for building army housing in the Kwajalein Atoll. This is Parsons' second such contract in a year, and they are also on the Pre-Qualified Source Listing for future large orders. The stock is up 5.54% following the news.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 4:11 pm

Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher premarket due to a new partnership with Sompo for AI solutions in the insurance sector. This partnership extends Palantir's reach in Japan and Brazil, enhancing decision-making in pricing and risk management. Investors can also gain exposure through ETFs like REX AI Equity Premium Income ETF (NASDAQ:AIPI) and Global X Defense Tech ETF (NYSE:SHLD).

Portfolio Pulse from Lekha Gupta

August 23, 2024 | 1:30 pm

RTX Corporation (NYSE:RTX) has developed the AIM-174B, the longest-range air-to-air missile, which could give the U.S. an advantage in the South China Sea. The missile, with a range of 250 miles, surpasses the AIM-120 AMRAAM and China's PL-15 missile. RTX recently reported strong Q2 results, beating analyst expectations. Several aerospace and defense ETFs, including ITA, DFEN, MISL, SHLD, and PPA, saw gains.

Portfolio Pulse from Michael Juliano

August 14, 2024 | 8:39 pm

Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher today following the announcement of a partnership with Wendy’s Company (NASDAQ:WEN) Quality Supply Chain Co-op (QSCC) to enhance digital transformation and AI adoption. The stock has gained over 47% in the past year. Investors can also gain exposure to Palantir through REX AI Equity Premium Income ETF (NASDAQ:AIPI) and Global X Funds Global X Defense Tech ETF (NYSE:SHLD).

Portfolio Pulse from Nabaparna Bhattacharya

August 07, 2024 | 1:04 pm

General Dynamics Corporation (NYSE:GD) received a $1.3 billion contract modification from the U.S. Department of Defense for Virginia Class Block VI submarines. The contract will enable the acquisition of long lead-time materials, boosting production capacity. Kevin Graney, president of General Dynamics Electric Boat, will retire at the end of the year, succeeded by Mark Rayha. General Dynamics reported a second-quarter revenue increase of 18% Y/Y to $11.976 billion, but EPS missed consensus. Investors can gain exposure via Global X Defense Tech ETF (NYSE:SHLD) and Amplify Cybersecurity ETF (NYSE:HACK).

Portfolio Pulse from Lekha Gupta

August 06, 2024 | 9:27 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.