Sears Holdings (SHLD, $0.73) Announces More Store Shutdowns
Sears Holdings announced that it will close six more Sears stores alongwith five Kmart stores, mostly in November and December. In late August, it said that it will shutter more than 13 Kmart stores, following 2017’s closing down of 45.
This is happening as the company faces challenges with its debt repayment schedules. Sears Holdings CEO Eddie Lampert is trying to get creditors to allow a restructuring of roughly $1.1 billion of the company's debt coming due in the next two years. He has also suggested the Sears board to sell $1.5 billion worth of real estate and to divest $1.75 billion of assets.
Notable companies
The most notable companies in this group are Lockheed Martin Corp (NYSE:LMT), Boeing Company (NYSE:BA), Northrop Grumman Corp (NYSE:NOC), Antero Midstream Corp (NYSE:AM).
Industry description
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X Defense Tech Index.
The fund invests at least 80% of its net assets, plus borrowings for investment purposes (if any), in the securities of the Global X Defense Tech Index, which may include common stocks, American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is owned and was developed by Global X Management Company LLC, an affiliate of the fund and the fund's investment adviser. The fund is non-diversified.
Market Cap
The average market capitalization across the Global X Defense Tech ETF ETF is 33.19B. The market cap for tickers in the group ranges from 35.81M to 134.8B. RTX holds the highest valuation in this group at 134.8B. The lowest valued company is CHG at 35.81M.
High and low price notable news
The average weekly price growth across all stocks in the Global X Defense Tech ETF ETF was 8%. For the same ETF, the average monthly price growth was 23%, and the average quarterly price growth was 59%. BBAI experienced the highest price growth at 7%, while LLAP experienced the biggest fall at -5%.
Volume
The average weekly volume growth across all stocks in the Global X Defense Tech ETF ETF was 10%. For the same stocks of the ETF, the average monthly volume growth was 16% and the average quarterly volume growth was -29%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 51
P/E Growth Rating: 41
Price Growth Rating: 46
SMR Rating: 68
Profit Risk Rating: 56
Seasonality Score: -32 (-100 ... +100)