There are many must-own stocks beyond the mega-caps that aren’t household names but have solid potential going forward. These stocks are using megatrends and tailwinds and have solid upside catalysts that could quickly propel them higher. Thus, I think it is worth having some exposure to these stocks, or you may miss out if these catalysts spark more excitement down the line.What’s more, these stocks are not just about future potential – they are delivering strong financial results today. Even if the stars ...

The latest trading session saw AeroVironment (AVAV) ending at $199.77, denoting a +1.3% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 0.7%. Elsewhere, the Dow gained 0.01%, while the tech-heavy Nasdaq added 1.1%.Heading into today, shares of the maker of unmanned aircrafts had gained 26.71% over the past month, outpacing the Aerospace sector's gain of 2.74% and the S&P 500's gain of 4.03% in that time.The investment community will be closely monitoring th ...

Diy13/iStock via Getty Images Introduction I have invested 22% of my dividend growth portfolio in four defense contractors. This high-conviction investment is based on a number of factors, including deglobalization, rising global tensions, the need for innovation, mostly anti-cyclical demand, strong balance sheets, and fantastic track records of consistent dividend growth and buybacks. Leo Nelissen (Dividend Growth Portfolio) While I'm not worried about recessions or temporary budget headwinds, the bigg ...

PALM BEACH, Fla., May 07, 2024 (GLOBE NEWSWIRE) -- FinancialNewsMedia.com News Commentary - Military drones, operated autonomously, through remote control, or a combination of both, are equipped with sensors, electronic receivers and transmitters, and offensive ordnance. These drones play a crucial role in strategic and combat zone reconnaissance, intervening on the front lines by designating targets for precision guided munitions or directly deploying these munitions themselves. According to a report from ...

Cue the "Terminator" references. AeroVironment now has AI-powered military drones.Military drone manufacturer AeroVironment (AVAV 5.54%) shares gained 3.8% through 11 a.m. ET Tuesday, after the company announced a new artificial intelligence (AI) autonomy kit available for use on its unmanned aerial vehicles. You read that right: AeroVironment is now an artificial intelligence stock.AI drones for America -- and UkraineDesigned to "increase effectiveness of autonomous systems and reduce operator burdens," Ae ...

Core Viewpoint - AeroVironment Inc. has entered a teaming agreement with Parry Labs to enhance the development of the P550 uncrewed aircraft system, aimed at supporting the U.S. Army's Long Range Reconnaissance program [1] Group 1: Significance of P550 - The P550 UAS is designed for Long Range Reconnaissance missions, featuring advanced AI and autonomy capabilities, along with maximum payload versatility [2] - The modular open systems approach allows for rapid and secure component upgrades, enhancing integration and flexibility during missions [2] Group 2: AeroVironment's Prospects in UAV Market - Increased military spending and demand for intelligent unmanned systems are beneficial for AeroVironment, which has the most widely deployed fleet of UAS globally [3] - The company has delivered over 35,000 unmanned aircraft with more than 4 million accumulated flight hours [3] Group 3: Growth Prospects & Peer Moves - The global UAV market is projected to grow at a CAGR of 13.74% from 2024 to 2029, presenting solid opportunities for AeroVironment, whose Unmanned Systems segment accounted for 61% of total revenues in Q3 fiscal 2024 [4] - Other defense companies like Lockheed Martin, Northrop Grumman, and Kratos Defense are also expected to benefit from the expanding UAV market [4] Group 4: Price Performance - Over the past year, AeroVironment's shares have increased by 39.9%, outperforming the industry's growth of 26.7% [8]

Though the artificial intelligence craze (AI) is slowing somewhat, there’s no doubt that advanced computing and AI-style offerings will continue driving innovation and market gains for years. But, though top AI stocks gather the most media and market attention, overlooked AI stocks are slowly building a foundation for rapid future growth.Finding these overlooked AI stocks tends to be tricky. They aren’t as “AI first” as most popular companies tend to be, i.e., they won’t plaster AI labels and jargon across ...

Core Insights - AeroVironment's stock has surged by 20.9% in March, reaching an all-time high following strong quarterly earnings and an increase in full-year guidance [1][2] - The company reported fiscal third-quarter earnings that nearly doubled Wall Street's consensus estimates, with revenue up 39% year over year [2] - AeroVironment raised its full-year revenue guidance to between $700 million and $710 million, up from a previous forecast of $645 million to $675 million [3] Company Performance - AeroVironment specializes in unmanned aerial vehicles (UAVs) for military and other customers, with significant demand driven by recent military conflicts, particularly in Ukraine [2] - The company reported net cash from operations of $26.9 million for the fiscal third quarter, a substantial increase from $8.6 million in the prior-year period [2] - The funded backlog for future business stands at $462.8 million, providing clarity on expected revenue in upcoming quarters [2] Market Position and Valuation - AeroVironment has established a niche in supplying small to mid-sized UAVs for military customers, amidst increasing competition in the defense sector [4] - The stock is currently trading at over 50 times expected earnings, indicating that much of the anticipated growth is already reflected in the share price [4] - Historically, AeroVironment has been a volatile stock, and while current investors may hold, potential new investors are advised to exercise patience [5]

As we navigate into a new era of technological innovation, the market for drone stocks is rapidly expanding. These stocks represent businesses effectively integrating drones into our daily lives, with use cases across multiple industries, including aerial photography, environmental monitoring and emergency response, among others.Additionally, the advent of 5G technology marks a critical moment for drone capabilities, offering higher speed, reduced latency and improved reliability. This leap in connectivity ...

No stock, no matter how well its underlying company might be doing, can soar high forever. So it was with soaring drone stock AeroVironment (AVAV -6.44%), whose price lost altitude at a more than 6% rate on Friday. A new analyst note was the main catalyst behind the drop, which was notably steeper than the 0.7% slip of the benchmark S&P 500 index.Recommendation cut from BairdWell before market open that day, Baird's Peter Arment downgraded his AeroVironment recommendation to neutral from his previous outper ...