Waste Management and Defense Stocks Lag on Thursday Trading

In Thursday trading, waste management and defense stocks showed weakness. Waste management shares fell by about 1%, primarily due to Montrose Environmental and Perma-fix Environmental's drops. Defense stocks also lagged, down 1%, led by Huntington Ingalls and Kratos Defense.

Date: 23-01-2025

AI Rating: 5

Market Performance Overview: On Thursday, the performance of waste management and defense segments indicated a downward trend. Waste management shares experienced a decline of approximately 1%. The contributing factors included significant drops from Montrose Environmental Group, down 4.3%, and Perma-fix Environmental Services, down 2.2%. The negative performance in these shares may raise concerns among investors regarding the overall health of the sector.

In addition, the defense sector also showed weakness, with collective shares down about 1%. This drop was led by Huntington Ingalls Industries, which decreased by 1.6%, and Kratos Defense & Security Solutions, down by 1.2%. Such declines could suggest underlying issues in demand or expectations for these companies moving forward.

Stocks: MEG PESI HII KTOS