Energy: Defense Earnings Roundup

Industry Focus

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4.6 • 854 Ratings

🗓️ 28 October 2021

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Description: Motley Fool Contributor Lou Whiteman joins the show to take a look at earnings reports from Lockheed Martin, Northrop Grumman, and General Dynamics, as well as the overall state of the defense industry today.

Stocks Mentioned: LMT, NOC, BA, GD

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Transcript

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0:00.0	Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day.
0:11.0	I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seyple. I'm Dylan Lewis. And today
0:16.0	we're talking financials. Today we're talking consumer goods. Wild Card Wednesday.
0:20.4	And we're talking energy. And today we're talking Tech.
0:23.0	Let's dive in.
0:24.0	Welcome, Industry Focus.
0:27.0	I'm Nick Saipel.
0:29.0	Following a round of disappointing earnings reports, it's been a rough week for defense contractor stocks today
0:33.8	Lou Whiteman joins the show to update us on the state of the union in the defense industry Lou
0:37.8	thanks for joining me.
0:38.8	Glad to be here Nick.
0:40.8	Great to have you.
0:43.0	As I mentioned off the top, you've got some big moves this week.
0:46.0	Lockheed Martin down over 10 percent.
0:49.0	Northrop Grumman reported earnings this morning.
0:51.0	They've declined quite a bit. what's going on here in the
0:54.6	broad market why are the turmoil in these defense stocks so we have a lot of things
0:59.8	hitting at once for one some of this is just supply chain issues, COVID, what we're seeing on general
1:05.2	industrials. Some of these two, the chip shortage, what we've heard about with autos, that
1:10.6	hit onto some of these supply chains. We also have the chaos of the
1:15.1	Afghanistan withdrawal that really didn't affect sales. You know in terms of
1:20.6	we're not going to buy fewer F-35s because we're pulling out of
	...

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