BUY Conviction3/5 Analysis quality70/100 now
Despite being considered 'dead money' by some analysts, Huntington Ingalls may find support from increased defense spending. As the largest shipbuilder to the US military with a substantial contract backlog, it's expected to see stable revenue growth and higher earnings through cost-cutting, offering a steady, albeit not explosive, return.
“Within these worst 10 stocks, Huntington Engles, ticker HIi, has been basically dead money for years, but may find some support on defense spending over the next few years. The company is the largest ship builder to the US military and has over $50 billion in contract awards expected over the next two years.”