5 best aerospace stocks to buy for Q1 2024

We have handpicked the best aerospace shares, and in this guide, we tell you what they are.
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Updated: Nov 30, 2023
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The Covid-19 pandemic battered the share prices of many top industries, especially aerospace. There was a sharp decline in airline passengers, resulting in many aviation companies filing for bankruptcy. However, the development of a vaccine had a positive impact on world markets and drove a recovery in almost all major financial markets including the aerospace industry. Investors flocked to beaten-down sectors such as aerospace since these stocks were available at bargain prices, and they may still represent good value going forward.

What are the top aerospace stocks to buy?

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We have selected the top ten aerospace shares to buy in 2021 based on various fundamental factors such as earnings, prospects, and reserves. It also hasn’t escaped our notice that the price charts for many of these stocks show beaten-down or steadily recovering share prices.

Here are our top ten aerospace stocks:

#Stock symbolStock nameTrade now
1BABoeing
Trade BA

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2LMTLockheed Martin
Trade LMT
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3GDGeneral Dynamics
Trade GD

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4NOCNorthrop Grumman
Trade NOC
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5RTNRaytheon Technologies
6MAXRMaxar Technologies
Trade MAXR

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7HEIHEICO
Trade HEI

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8LDOSLeidos
Trade LDOS

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9HIIHuntington Ingalls Industries
Trade HII

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10CUBCubic
Trade CUB

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List chosen by our team of analysts, updated March 2024.

1. Boeing (BA)

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Boeing is one of America’s biggest multinational corporations involved in the manufacturing of aerospace products. It has always been popular among investors due to its order history, and its top planes — such as the Boeing 737 — were a big part of its success. This stock’s share price saw its fair share of volatility from 2016 until the start of the pandemic in 2020. After hitting a low point in March 2020, Boeing shares have enjoyed an uptrend comprising a series of higher highs and higher lows.

Sign-up & trade Boeing

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2. Lockheed Martin (LMT)

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This American multinational defense and aerospace company, with headquarters in Washington DC, was founded in 1995. It has a market cap of 94.41 billion dollars (at the time of writing) and is among the world’s largest defense contractors. After hitting a low point in March 2020, Lockheed shares had recovered about two-thirds of their losses by May 2021 but there is no definitive uptrend.

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3. General Dynamics (GD)

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General Dynamics is a $45.5 billion company at the time of writing. Another company that hit a low share price in March 2020, this one had recovered all of that share price fall by May 2021, to take it back to where it was before the pandemic happened.

Sign-up & trade General Dynamics

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4. Northrop Grumman (NOC)

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Northrop is listed on the New York Stock Exchange (NYSE). At the time of writing, its market cap is 49.81 billion dollars and its total revenue is 37 billion dollars. The company is one of the fastest-growing defense stocks, and its share price shot up between March and May 2021.

Sign-up & trade Northrop Grumman
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5. Raytheon Technologies (RTN)

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Founded in 1922, Raytheon technologies is one of the oldest aerospace companies in the United States. This defense contractor has a market cap of 109.85 billion dollars at the time of writing. Having fallen far in March 2020, Raytheon shares have since started to recover but still appear to be undervalued as of May 2021.

Sign-up & trade Raytheon Technologies

Where to buy the best aerospace stocks

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Aerospace shares are listed on stock exchanges, and brokerages offer them to clients to trade. It’s best to buy and sell aerospace stocks via a regulated broker rather than on an unregulated platform. However, it can be hard to find the best broker for you, so we’ve come up with a list of candidate brokers based on their regulatory status, fees, and unique features.

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1
Min. Deposit
$ 10
Best offer
User Score
10
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

eToro offers real assets only, no CFD products. eToro securities trading offered by eToro USA Securities, Inc. (‘the BD”), member of FINRA and SIPC. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the BD.

2
Min. Deposit
$ 100
Best offer
User Score
9.9
Trade +2000 CFDs on Shares, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads with up to 1:5 leverage
Start Trading
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3
Min. Deposit
$ 0
Best offer
User Score
9.7
Diverse stock selection providing investors with a diverse array of options for their portfolios.
Advanced trading tools aiding in executing trades with precision in the dynamic stock market.
Easy portfolio management.
Start Trading
Payment Methods:
ACH, Bank Wire, Check
Full Regulations:
CFTC, FCA, FINRA, IIROC, NFA, NYSE, SIPC
Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Register Entry Number 208159. Products are only covered by the UK FSCS in limited circumstances.

How to Trade and Invest in Aerospace Shares?

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  • Open a Trading Account: the first step is to select a suitable broker platform on which to trade, which means one that is regulated (among other things). You will need to provide your name, email address, home address, and any required identification documentation. In many cases, you can open a brokerage account within minutes.
  • Choose Aerospace Shares: when choosing potentially undervalued shares to hold for the medium to long term, it is important to perform fundamental analysis — looks at things like earnings — to determine the true intrinsic value of the candidate stocks. Since aerospace stocks could stage their recoveries at different rates, think about diversifying across several such stocks rather than investing in a single stock.
  • Place Your Trade: if you’re buying aerospace stocks based on the fact that they’re still undervalued in the post-pandemic period, you don’t need to worry too much about timing your purchase exactly by conducting technical analysis, so it should simply be a matter of entering your investment size (as a monetary amount or number of shares) and pressing the “buy” button.

What are aerospace stocks?

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The vast aerospace industry comprises many constituents, including auxiliary equipment manufacturing, commercial aircraft, helicopters, rocket engines, turbines, commercial gliders, and more. Many large defence companies account for a big share of this market because governments assign billions to defense spending and developing their air force capabilities. The aerospace industry is also driven by demand for business and leisure travel, which was massively impacted by the coronavirus pandemic of 2020-21.

If you believe that the worst of the pandemic is behind us and that aerospace companies are positioned well to continue their recoveries, you will find plenty of listed stocks to choose from.

What Are the Trading Hours for aerospace shares?

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You can trade aerospace stocks on the exchanges where they are listed. The exchanges are usually open from Monday till Friday 9.30 am to 4 pm Eastern Time (and at similar local times in other countries such as the UK).

The initial one or two hours see a lot of volatility because big institutions are busy opening and closing their positions. At lunchtime, the volatility dies down as traders go for a break. Then, the last two hours see a bit of movement as day traders close their positions to avoid holding risk on their portfolios. Trading during pre and post-market sessions is also available but is limited to expert traders.

Are aerospace stocks a good investment?

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As already hinted, aerospace stocks were beaten down badly during the coronavirus pandemic, but the ones that didn’t go bust have started to recover and may not have reached their full value yet. As travel restrictions are eased, airlines will need their fleets of aircraft repaired and replaced, so aerospace companies could enjoy increased demand. But it’s not all about business and leisure travel, so don’t forget that aerospace companies also do big business in the defence sector.

When trading shares of aerospace companies, it’s best to choose solid stocks that have stood the test of time. During the coronavirus pandemic, many aerospace industry shares became worthless, but the ones that remain could be good bets on a continued recovery.

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Latest aerospace stocks news

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The Schwab US Dividend Equity ETF (SCHD) stock price has soared to a record high as the fear and greed index has jumped. The fund has risen in the past five months straight as demand for US equities rose. SCHD inflows are soaring Notably, the fund’s performance has happened at a time when inflows ar
It has been a great few months for Cathie Wood as her Ark Innovation Fund (ARKK) has bounced back from its lowest level in 2023. It has jumped by over 73% and is now hovering near its highest point since August 2022.  Some of its top holdings have become among the best-performing stocks in Wall
GitLab (NASDAQ: GTLB) stock price has done well this year. Up by over 16%, it has outperformed the Nasdaq 100 and S&P 500 indices. It is also nearing its highest point since February 2022. It has also surged by more than 180% from its lowest point in 2023, bringing its total market cap to over [
The FTSE 100 index remained in a tight range this week even as some of its biggest constituents like IAG, Abrdn, Croda, Just Eat Takeaway, St. James Place, and the LSE published their financial results. The index also wavered even as its American peers like the S&P 500 and Nasdaq 100 indices sur
Advanced Micro Devices Inc (NASDAQ: AMD) has been in a sharp uptrend in recent years on the back of rapid growth in the likes of cloud-computing, gaming, and, of course, data centres. In fact, if you had invested just $1000 in the chipmaker in early 2019 when its shares were priced at $24 only – [&h

FAQs

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