Category: Trucking News

New U.S. ‘Space Force’ Would Add to Already Stretched Defense Budget

President Donald Trump's push to establish a sixth military branch dedicated to space would probably be a lot more expensive than just extending the U.S. Air Force's capabilities -- and no doubt the nation's largest defense contractors love that idea. Boeing Co., Lockheed Martin Corp., Northrop Grumman Corp. and Raytheon Co. stand to gain more business from a new branch, said George Ferguson, a senior defense analyst with Bloomberg Intelligence. Any future “Space Force” spending would be modest given that it would need to compete with other big, politically protected Defense Department priorities Congress already funds.


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Should You Buy Micron Technology, Inc. Stock Ahead of Earnings?

JP Morgan is out with a bullish note on Micron Technology, Inc. (NASDAQ:MU) in which the Wall Street firm not only reiterated its Overweight rating and $82 price target on Micron stock, but also recommended buying shares ahead of the company's next earnings report. JP Morgan expects the numbers to be quite good given improving fundamentals in the memory market, driven primarily by robust cloud data center spend.


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