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Modern Warfare

Modern Warfare

7.89k followers19 symbols Watchlist by Motif Investing

The Department of Defense’s priorities for the next five years call for protected and prioritized investments in weapon technology and new capabilities.

Curated by Motif Investing

Background

The US Department of Defense has its marching orders: maintain the capability and capacity to deal with contingencies across the globe while “Making Every Defense Dollar Count”. A key to achieving both objectives is a shift toward evolutionary technology in weapons. Unmanned drones can put eyes in the sky around the world, which will help mitigate the near 100,000-troop reduction planned by 2017. Advanced fighter planes like the F-22 Raptor and the Joint Strike Fighter represent the next generation of air superiority. Plus, smart bombs provide long-range precision strike capabilities.

While growth in military spending is likely to decline, spending on advanced weapons systems could continue to increase.

How did we choose these stocks?

We identified US-listed stocks and American Depository Receipts of companies that are engaged in activities relevant to this watchlist's theme. We then filtered out companies that have a share price of less than .00 or a market capitalization less than 00 million, and excluded illiquid stocks by screening companies for liquidity i.e. average bid-ask spreads, dollar volume traded etc. Finally the proprietary Motif Optimization Engine determined the constituent stocks. Learn more about how we select our watchlists.

Who made these selections?

Motif is an online brokerage built on thematic portfolios of up to 30 stocks and ETFs. Founded in 2010 by Hardeep Walia, Motif combines complex proprietary algorithms with skilled advisers to develop these thematic portfolios. Learn more about our team.

How are these weighted?

First, we determined each company's percentage of total revenue derived from this watchlist's theme. Second, we applied a pure-play factor to give greater relative weight to companies that derive a higher percentage of their revenue from this theme. Finally, we weighted each company by its market capitalization adjusted for revenue exposure to the theme.

More details on how we build and weight watchlists are available here.

Performance

WatchlistChange today1-month return1-year returnTotal return
Modern Warfare+0.53%+67.05%-11.09%+146.10%
^GSPC-0.17%+5.47%+13.80%+3495.12%

19 symbols

SymbolCompany nameLast priceChange% changeMarket timeVolumeAvg vol (3-month)Market cap
LMTLockheed Martin Corporation384.475+4.74+1.25%3:04 pm GMT-4628.63k1.50M107.48B
NOCNorthrop Grumman Corporation329.26+2.92+0.89%3:03 pm GMT-4821.02k968.49k54.89B
GDGeneral Dynamics Corporation152.23+3.09+2.07%3:04 pm GMT-4991.26k1.56M43.68B
RTNRaytheon Company116.96--4:02 pm GMT-49.36M9.36M32.57B
BAHBooz Allen Hamilton Holding Corporation84.39+1.49+1.80%3:04 pm GMT-4427.31k1.06M11.63B
HIIHuntington Ingalls Industries, Inc.168.675+5.88+3.61%3:04 pm GMT-4371.52k351.22k6.83B
ESLTElbit Systems Ltd.136.03-0.82-0.60%3:04 pm GMT-416.93k25.39k6.01B
OSKOshkosh Corporation80.26+0.28+0.35%3:02 pm GMT-4170.08k461.36k5.47B
FLIRFLIR Systems, Inc.37.28-0.18-0.48%3:04 pm GMT-43.05M1.75M4.88B
SAICScience Applications International Corporation82.76+1.71+2.11%3:04 pm GMT-4260.65k741.27k4.81B
MRCYMercury Systems, Inc.79.07+0.01+0.01%3:04 pm GMT-4228.81k519.83k4.40B
AJRDAerojet Rocketdyne Holdings, Inc.43.42+0.50+1.16%3:04 pm GMT-4233.86k732.48k3.41B
MANTManTech International Corporation71.78+0.85+1.20%2:59 pm GMT-439.70k219.34k2.90B
AVAVAeroVironment, Inc.81.03-2.07-2.49%3:04 pm GMT-4105.49k228.37k1.95B
CUBCubic Corporation45.12-0.48-1.05%3:04 pm GMT-4319.67k440.73k1.41B
NPKNational Presto Industries, Inc.88.39-1.92-2.13%2:32 pm GMT-433.96k38.29k620.43M
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DGI----6:07 pm GMT-4---
  • Better-Than-Expected U.S. Jobs Data Seen as Last of ‘Easy Gains’
    Bloomberg

    Better-Than-Expected U.S. Jobs Data Seen as Last of ‘Easy Gains’

    (Bloomberg) -- The U.S. labor market’s third straight month of solid improvement from the depths of the pandemic could very well be its last for a while.Workers returned to low-wage jobs at restaurants and retailers, as major cities -- especially New York -- continued to reopen early in the month. Since then, though, many measures of activity have leveled off and a key relief program has expired with no agreement on a new deal. The July jobs report also showed that millions of Americans who lost their jobs in the early days of the pandemic remain unemployed, with the overall rate still almost triple the pre-crisis level.“We’ve had the easy gains and the labor market is becoming a little more difficult now,” said Brett Ryan, senior U.S. economist at Deutsche Bank AG. “Going forward, the expectation should be a gradual step-down“ and “it may not be a straight line in terms of improvement every month.”Employers added 1.76 million jobs in July, about 300,000 more than economists expected, according to data Friday from the Labor Department. The unemployment rate fell by about 1 percentage point to 10.2%, just above the peak following the 2008 financial crisis but a marked decline from almost 15% at the height of the pandemic.Further job gains are looking increasingly difficult with no vaccine yet in sight, and several signs point to weakness in months ahead: a federal $600 supplement to weekly unemployment benefits, which provided extra cash to prop up households, expired at the end of July. That means fewer dollars spent into the economy and at businesses, which also face the end of funds through the Paycheck Protection Program.The jobless payments are particularly important with millions unemployed for months now. Out of the 16.3 million unemployed Americans in July, almost 8 million had been out of work for 15 weeks or longer, or roughly since the start of the pandemic. That figure was up 4.7 million from June.Meanwhile, negotiations over extending the relief have stalled.“The talks are rather stalemated right now,” White House economic adviser Larry Kudlow said on Bloomberg Television after the report Friday. Despite that, President Donald Trump plans to use executive orders to get “certain priorities through” including a payroll tax cut and eviction moratorium, he said. Kudlow continued to call the economic recovery “V-shaped.”But that recovery is on pause, casting a shadow over the labor market. High-frequency indicators show that economic and payroll activity slowed or declined in the weeks following the survey period for the government’s jobs report, which takes place early in the month.“What we have is an economy that’s still adding back but with the slowing in the reopening, we’re setting August up for a very questionable report,” said Joel Naroff, president of Naroff Economics LLC.Read more: Bloomberg’s TOPLive blog on the jobs reportU.S. equities were mixed on Friday as investors weighed doubts that lawmakers will be able to agree on a new round of economic stimulus with a better-than-forecast jobs report.What Bloomberg’s Economists Say“Following an unprecedented swing from severe drop to sharp rebound, the economy is entering more conventional recession dynamics. A prolonged period of elevated unemployment and subdued participation in the labor market will weigh heavily on income growth, personal spending and top-line growth.”\-- Yelena Shulyatyeva, Andrew Husby and Eliza WingerClick here for the full noteLow-wage sectors led gains: payrolls at restaurants jumped by half a million, retail trade employment also increased, though at a slower pace, with more than 250,000 jobs added. Health care and social assistance payrolls rebounded as doctors’ offices continued to open and as demand for day care increased.Manufacturing employment rose just 26,000 in July, about one-tenth of forecasts. Auto makers added more than 39,000 workers.Government PayrollsThe report also showed a 241,000 jump in local-government employment, reflecting seasonal adjustments in the education sector.While companies are hiring, including Amazon Inc., Alphabet Inc., Ford Motor Co. and D.R. Horton Inc., layoffs have been piling up in recent weeks, particularly in industries most affected by the pandemic. American Airlines Group Inc. advised that 25,000 jobs are at risk when aid expires and United Airlines Holdings Inc. said it would furlough one-third of its pilots. L Brands Inc., which owns Victoria’s Secret, said it would lay off 15% of its workforce.The July jobs report also showed little improvement for Black Americans, with their unemployment ticking down only slightly to 14.6%, compared with 12.9% for Hispanic workers, and 9.2% for Whites. The jobless rate for women, who carry the most responsibility for childcare and homecare duties, fell to 10.5% and for men it dropped to 9.4%.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.