NYSE:BWXT - New York Stock Exchange, Inc. - US05605H1005 - Common Stock - Currency: USD
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how defense contractors stocks fared in Q3, starting with CACI (NYSE:CACI).
Over the past six months, BWX has been a great trade, beating the S&P 500 by 8%. Its stock price has climbed to $111.07, representing a healthy 12.1% increase. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
Energy stocks have sneakily been some of the best performers in the S&P this year.
BWX Technologies stock broke out on Sept. 23, climbed 4% to an all-time high close on Wednesday, then rose even further early Thursday.
A Fed rate cut and a slew of big earnings reports filled out a busy week.