Quarterly Outlook
Q3 Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
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Trader Shorts: BAE Systems - spent force or time to reload?
Neil Wilson
Investor Content Strategist
Summary: Note: This is marketing material. This article is not investment advice, capital is at risk.
BAE Systems shares rose sharply on Thursday as investors seemed to like recent news from the UK defence contractor. Shares rose 4% to take its YTD gains to around 65%, though they remain off the highs hit earlier in the summer.
The company said it will aim to build one warship a year within two years, reducing the current amount of time required to build each vessel by six months.
It comes after a batch of good news from the company. In July it raised its profit outlook on the back of increased defence spending, posting £13.2bn in new orders in the first half of the year.
In late August it received a big boost as the UK secured its largest ever warship contract - a £10bn deal to supply Norway with Type-26 frigates that will be primarily built by BAE Systems in Glasgow.
It's also been reported that Sweden and Denmark are in advanced talks with the UK to build warships, to be built at fellow defence contractor Babcock's Rosyth docks. Shares of Babcock have risen 16% in the last month and are up 121% YTD.
Meanwhile, BAE Systems has also stated this week its aim to bring an autonomous submarine to market by 2026.
I looked at the UK defence sector here.
Quarterly Outlook
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Quarterly Outlook
Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity
John J. Hardy
Global Head of Macro Strategy
After the chaos of Q2, the quarter ahead should get a bit more clarity on how Trump 2.0 is impacting... -
Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
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Quarterly Outlook
Commodity Outlook: Commodities rally despite global uncertainty
Ole Hansen
Head of Commodity Strategy
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Quarterly Outlook
Upending the global order at blinding speed
John J. Hardy
Global Head of Macro Strategy
We are witnessing a once-in-a-lifetime shredding of the global order. As the new order takes shape, ... -
Quarterly Outlook
Asset allocation outlook: From Magnificent 7 to Magnificent 2,645—diversification matters, now more than ever
Jacob Falkencrone
Global Head of Investment Strategy
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Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Global Head of Macro Strategy
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Quarterly Outlook
Equity Outlook: The ride just got rougher
Charu Chanana
Chief Investment Strategist
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Quarterly Outlook
China Outlook: The choice between retaliation or de-escalation
Charu Chanana
Chief Investment Strategist
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Quarterly Outlook
Commodity Outlook: A bumpy road ahead calls for diversification
Ole Hansen
Head of Commodity Strategy