WS #16507
Despite the tech selloff, defense and energy sectors are showing resilience. L3Harris and Leonardo DRS beat earnings on war spending, while Cheniere Energy raised its outlook on LNG demand. Caterpillar's power generation segment, driven by data center demand, reported strong results, though the stock fell premarket, indicating mixed sentiment on cyclical peaks. Federal Signal also reported record results with 18% sales growth.
Defense and Energy Resilience
Despite the tech selloff, defense and energy sectors are showing resilience. L3Harris and Leonardo DRS beat earnings on war spending, while Cheniere Energy raised its outlook on LNG demand. Caterpillar's power generation segment, driven by data center demand, reported strong results, though the stock fell premarket, indicating mixed sentiment on cyclical peaks. Federal Signal also reported record results with 18% sales growth.