French jet engine maker Safran trimmed its revenue forecast for the year but nudged its profit goal higher after supply bottlenecks delayed deliveries of LEAP engines.
Richard Safran, Seaport Research Partners aerospace and defense analyst, joins 'Power Lunch' to discuss Boeing's stock outlook.
Does Safran SA (SAFRY) have what it takes to be a top stock pick for momentum investors? Let's find out.
Safran's strong free cash flow, net-cash status, and balanced capital allocation make it a compelling long-term investment. Increased global defense spending and Safran's robust performance in the defense sector position it for continued growth. Safran's low beta offers portfolio diversification, with low correlation to the SPY index and high correlation to defense sector ETFs.