BUSINESS

These are three of the 11 stocks among the S&P 500 that passed a screen, trading below their long-term average price/sales ratios, with estimates for very strong revenue growth through 2028.

On Aug. 22, the U.S. Navy pulled the cover off a new missile called AIM-424 Malice, built by Raytheon Technologies Corporation (RTX) to extend the reach of American fighters. Two days later, Bloomberg reported that China had built its own version of that reach.

Chinese hypersonic glide vehicles can now fire air-to-air weapons at aircraft thousands of miles from any front line.

Nobody planned that timing, but together the two stories explain why RTX and Lockheed Martin (LMT), the F-35 manufacturer, keep turning up as the default answer to the same question: Which company builds weapons with the longest reach?

Two missile stories collided in one week

The Malice, unveiled at the Navy’s Tailhook Symposium in Reno, can strike targets more than 250 nautical miles away and fits inside the internal weapons bay of an F-35, according to Naval News.

It effectively restores a range advantage American carrier aviation lost when the Navy retired the AIM-54 Phoenix in 2006.

Bloomberg said China has developed hypersonic glide vehicles capable of striking aircraft far behind the front line, citing a person familiar with the program.

Beijing has also added air-to-air functions to some hypersonic cruise missiles and equipped others to strike ships. No other country is known to operate a hypersonic glide vehicle built to carry air-to-air missiles.

China’s ballistic missile inventory has grown 147% since 2015, and its stock of ground-launched cruise missiles has risen 50% over the same period, according to Pentagon estimates cited by Bloomberg.

The Pentagon counted more than 3,150 Chinese ballistic missiles in 2024, a stockpile now taking on new jobs rather than simply growing in size.

RTX and Lockheed Martin sit at the center of a Pentagon buildup responding to China’s expanding hypersonic missile reach.Chris McLoughlin / Getty Images

China’s new missiles threaten support aircraft

The targets at risk are not fighter jets. They are the tankers, airborne radar planes, and flying command centers, such as the Air Force’s E-4B Nightwatch, that normally operate far from danger while supporting a combat mission.

A missile traveling that distance can take 20 minutes or longer to arrive. China would also need to track a moving aircraft continuously through a chain of sensors and data links to hit it, and launching a ballistic missile risks being mistaken for the opening move of a nuclear attack.

Related: Jim Cramer says surging defense stock is a sensational buy

That tension is exactly why the story matters more as a spending signal than as a battlefield certainty.

The Pentagon does not need China to fire the weapon to justify buying more range of its own. It only needs the capability to exist.

RTX and Lockheed become the default trade

RTX, whose Raytheon business builds the Malice along with the AIM-174B, an air-launched version of the Navy’s SM-6 interceptor, trades near $209 a share.

Lockheed Martin, which builds the still-developing AIM-260 successor to the long-serving AMRAAM missile, trades near $564. The military has already put roughly $1 billion behind AIM-260 production, though the missile’s range remains classified, Bloomberg noted.

More Defense:

Jim Cramer says surging defense stock is a sensational buy

Top defense contractor scores huge U.S. Army payday, stock jumps

Why Rocket Lab is becoming a bigger defense player

That answer already shows up in recent contracts. RTX won a $22.9 billion, seven-year Navy deal on Aug. 17 to lift Tomahawk cruise missile output from about 60 missiles a year to more than 1,000, according to the company.

Lockheed Martin holds a $58.6 billion Patriot interceptor agreement running through 2032 and a separate award to quadruple production of the THAAD interceptor, Defense News reported.

Wall Street has priced in some of that momentum, though perhaps not all of it. Based on a MarketBeat consensus, 21 Wall Street analysts currently covering RTX have assigned the stock a “Moderate Buy” rating.

These analysts have established an average price target of $228.59, which points to a 9.26% upside from the recent $209.22 trading level.

Meanwhile, a MarketBeat consensus for Lockheed Martin shows 20 Wall Street analysts maintaining a “Hold” rating with an average price target of $632.39, implying a 12.20% upside from its recent $563.65 trading level.

Production capacity is the real risk to track

The bigger constraint is not political will. The Pentagon’s fiscal 2027 budget request raised missile procurement funding by 188%, a jump that already outstrips what the defense industrial base can produce today, according to Breaking Defense.

Both RTX and Lockheed Martin have responded by locking in seven-year contracts instead of one-year orders, a sign that Washington expects this buildup to last well beyond any single headline about China.

China’s hypersonic reach is a symptom of a broader arms race that has already reshaped how the Pentagon buys weapons, not just what it buys.

The next test for RTX and Lockheed Martin will not be whether the government wants more range.

It will be whether either company can staff, supply, and build fast enough to deliver, and that answer will show up in earnings reports long before it shows up in any missile test.

Related: Why Rocket Lab is becoming a bigger defense player

Sombr’s new single “My Body Isn’t Ready” rises on multiple charts in the U.K. and the singer-songwriter reaches career peaks he set not long ago.

The new tariffs announced by Canada on Tuesday mirror the ones imposed by Trump on Saturday.

Wall Street trading giant Jane Street Capital just made a big bet on one of the market’s most unpredictable AI plays.

The quantitative trading firm disclosed a sharp jump in its stake in SanDisk, the flash memory maker that split off from Western Digital last year. 

According to regulatory filings complied by Tikr, Jane Street now holds one of its largest single stock positions in the company, trailing only its stake in the SPDR S&P 500 ETF Trust.

Valued at a market cap of $269 billion, SNDK stock has returned over 3,000% in the last 12 months. However, it is also down 36% from all-time highs.

For a stock that has swung wildly through 2026, Jane Street’s conviction stands out. 

Jane Street boosts SanDisk stock stake

According to a 13G filing with the Securities and Exchange Commission dated July 29, Jane Street held 7.41 million shares of SanDisk (SNDK), worth roughly $9 billion. It makes SanDisk the firm’s second largest holding overall, at 5.47% of its total portfolio.

The filing shows Jane Street added 6,251,642 shares, up nearly 540% from its prior position.

The firm now owns just over 5% of all SanDisk shares outstanding, a stake large enough to require public disclosure.

More Manager Buy/Sells:

Michael Burry increases his bet against popular chip giant

Warren Buffett reveals he broke his own investing pattern

Mark Cuban bets on MLB with Athletics minority stake

Only Jane Street’s SPY position, worth about $33 billion, ranks higher in the firm’s portfolio.

Based on the filing, SanDisk now sits ahead of Amazon, Nvidia, and Microsoft on the firm’s list of top holdings.

Why SanDisk stock price has taken off in 2026

SanDisk makes NAND flash memory chips, used in phones, laptops, and massive AI data centers.

The company separated from Western Digital in February 2025 and has since leaned significantly into the data center business.

A year ago, data center sales accounted for 12% of SanDisk’s bit shipments. By the end of fiscal 2026 (ended in June), the number climbed to 38%. Full-year data center revenue rose 437% year over year to $5.15 billion. 

“We expect data center share of total TAM to expand from approximately 30% in calendar year 2025 to approximately 50% in calendar year 2026, and to continue outpacing the market in 2027,” SanDisk CFO Luis Visoso stated. 

“Demand from our customers is growing faster than our supply. We therefore expect bits to remain on allocation beyond calendar year 2027.”

The broader NAND flash market is booming too, fueled by AI inference demand.

Chief Executive David Goeckeler said the market is expected to top $300 billion in 2026 and approach $500 billion in 2027.

SanDisk’s full-year revenue reached $20.25 billion, up 175% year over year. 

Non-GAAP gross margin climbed to 84.6% in the fourth quarter, up from just 26.4% a year earlier. 

Non-GAAP earnings per share hit $39.25 for the quarter, compared with $0.29 in the same period last year.

New contracts reshape the SanDisk stock story

Instead of negotiating prices with customers every quarter, SanDisk signs what it calls New Business Models, or NBMs, long-term supply agreements with its biggest buyers.

SanDisk currently has NBMs with eight customers, including three U.S. hyperscalers. Visoso said these deals average more than four years in length, with total expected revenue of at least $93.9 billion. 

Related: JPMorgan revamps SanDisk stock with massive price target

The remaining performance obligation tied to these agreements stood at $91.1 billion, including two deals signed after the quarter closed.

The contracts also carry $16.5 billion in financial guarantees, meant to protect SanDisk if a customer fails to meet its purchase commitments. Visoso said the company expects roughly 80% gross margins on this business, even at the lowest agreed pricing.

Goeckeler told investors during the Aug. 13 Analyst Day that the shift moved SanDisk from just three months of demand visibility to more than four years, in the span of two quarters.

SanDisk CEO David Goeckeler provides investors with revenue visibility.Bloomberg/Getty Images

What is the SanDisk stock price target?

SanDisk is also investing in newer technology called High Bandwidth Flash, or HBF, aimed at AI inference workloads. 

The company said it had taped out its first HBF memory chip and expects to ship samples to customers next year. 

Chip industry veteran Jim Keller, chief executive of Tenstorrent, recently joined SanDisk’s technical advisory board to help guide the project.

However, investing in SanDisk carries certain risks. The tech stock has a reputation for sharp swings, and the memory chip industry has a long history of boom-and-bust cycles. 

Goeckeler himself referenced the industry’s rough 2023, when oversupply crushed prices across the sector.

Out of the 16 analysts covering SNDK stock, 14 recommend “Buy,” and two recommend “Hold.” The average SanDisk stock price target is $2,203, 48% above the current price target. 

Jane Street’s filing does not include a price target or public commentary on where the firm expects SanDisk shares to head next. As a trading and market-making firm, Jane Street typically does not publish investment theses the way traditional research analysts do.

Still, a stake increase of that size in one of the market’s most volatile AI-related names sends its own message about where big money sees value right now.

Related: SanDisk sends strong signal to Micron investors, BofA says

An ongoing shortage of compute could provide Meta with the opportunity to sell its capacity for a big premium.

AC/DC’s “Thunderstruck” stands out once again as the band’s biggest hit as it returns to multiple sales charts in the U.K.

The Trump administration has asked a second court to allow the rule by 5:30 p.m. EDT Tuesday.

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.

The best way to keep your home’s outdoor spaces lit up is with a good set of solar lights. There are solar string lights, in-ground solar lights, and a host of other options that can keep your patio looking bright. We found a version of these convenient illuminators that may be the most versatile of all. That’s because they’re able to clip onto a fence, onto your patio, or just about anywhere else that has an exposed edge. This adaptable design allows you to place the lights wherever you need them most at any given time, making them perhaps more adaptable than any other form of lighting you’ll find when shopping for outdoor lights.

There are so many reasons why clip-on solar lights for your yard are a good idea. With inflation impacting just about everyone’s monthly budget, having a light source that doesn’t add to your electricity bill is highly desirable. What’s more, these lights allow for constant repositioning if that’s something you need. Finally, they add a level of security that you won’t find with other types of outdoor fixtures. If this all sounds appealing to you, then keep reading, as you’ll find a lot more details below.

Lifengsoler Motion Sensor Clip-On Solar Lights

Courtesy of Amazon

Check price at Amazon

The Lifengsoler Motion Sensor Clip-On Solar Lights are on sale for only $38 at Amazon. When you break down the price of the four-pack, that equals just $9.50 per light. These lights may be some of the best you can buy for keeping your space nice and bright even on the longest and darkest nights. Included are four flood-light style fixtures with helpful mounting clips on the back of each light. Each lamp includes 176 mini LED lights that shine at an impressive 800 lumens. The motion sensor has a range of 120 degrees, covering up to 600 square feet of space. The lights come in both black and white variants, so they’re easy to match with your patio decor. And if the four-pack doesn’t meet your needs, the set is also available in packs of one, two, and six. 

Benefits of motion sensor clip-on solar lights 

As mentioned above, there are a number of advantages to this style of lighting for your backyard. Financially speaking, the benefits are two-fold. For starters, this type of light, as evidenced by the Lifengsoler example, can often be purchased at a discount. Even at the original price, many of these solar lights are quite affordable. Additionally, their solar charging capabilities allow you to have outdoor lighting year-round without adding any additional cost to your utility bill. At a moment when energy costs continue to rise, this is absolutely a welcome benefit.

As for positioning, clip-on lights never leave you stranded in the dark. They can be placed on railings, patio umbrellas, fences, gutters, or even tree branches. These lights offer far more options as to where they can be placed than string lights or even in-ground lights. Also, since they’re not wired to one another, you’re not forced to place a cluster of lights in any one area. While you can certainly group them together if you wish, you can also spread them out throughout your yard to be sure you can brighten every nook and cranny. 

Perhaps the favorite feature of these lights is what they mean for your sense of security. Because they have a sensitive motion detection capability, this type of floodlight allows you to feel safe and secure at any time of the night. They shine brightly and can be placed all around your yard so that any motion is captured. There’s nothing like laying your head to rest on your pillow knowing that your home is protected from every possible angle. That peace of mind is worth every cent you may spend on outdoor motion lights. 

More motion sensor clip-on solar lights

If the Lifengsoler Motion Sensor Clip-On Solar Lights aren’t what you need, then the following list may be helpful. We’ve compiled some of our other favorite picks from both Amazon and Walmart. Both retailers have great selections of outdoor lights of every sort, and their inventories of clip-on solar lights have something for just about everyone. Take a look for yourself and see what you find. There are many that are sure to brighten your day (and your nights).

Thumok 2-Pack Clip-On LED Solar Lights

Courtesy of Amazon

Check price at Amazon

Etetale 3-Mode Clip-On Motion Lights

Courtesy of Amazon

Check price at Amazon

Mehoom Clip-On Motion Solar Lights

Courtesy of Walmart

Check price at Walmart

Daybetter Clip-On Solar Outdoor Motion Sensor Light

Courtesy of Walmart

Check price at Walmart

TheStreet Shopping is your guide for shopping insights and advice. We look beyond the price tag to find the best value in home, tech, and wellness gear based on product features and real-world use. Read more about our Editorial Standards and How We Choose Our Shopping Deals.

Here’s a scenario worth thinking about. You hire a brilliant junior analyst. Instead of learning to build financial models from scratch, he or she asks Artificial Intelligence (AI) to do it. Instead of structuring arguments from first principles, they prompt a chatbot. 

And yes, they get the right answer. Most of the time. But five years later, can this analyst think without the machine?

That’s the question keeping one Goldman Sachs partner up at night. And the fact that it’s coming from inside one of Wall Street’s most aggressive AI adopters makes it worth taking seriously.

Chris Churchman, who leads Goldman’s Marquee platform — the firm’s digital hub for institutional clients including hedge funds and trading desks — went on Goldman’s Exchanges podcast and called overreliance on AI a “huge danger.” Not a risk. Not a concern. A huge danger.

“There’s a huge danger here that in the era of AI, we outsource our reasoning to these models, and we have cognitive atrophy that stops us from being able to reason from first principles ourselves,” Churchman said, according to a CNBC transcript.

That’s a striking thing to say when your firm is simultaneously deploying AI across trading, banking, and client services at record speed.

Goldman Sachs: The History Behind Wall Street’s Most Influential Investment Bank

Why Goldman’s own AI platform admitted something alarming

Churchman didn’t just raise an abstract concern. He shared a specific moment that had me pausing when I first read it.

While building out Marquee’s internal AI capabilities — still only available to Goldman employees for now — the team pushed the system hard on accuracy. The response the AI gave back was remarkable for its candor.

More Goldman Sachs:

Goldman Sachs doubles down on Robinhood stock after record trading surge

Goldman Sachs doubles down on stock market outlook for 2026

Goldman Sachs spots the stock market’s next winners

“When we challenged it hard, at least it was honest,” Churchman said. “It was like, ‘Look, in the end, I’m better at sounding thorough than being thorough.’”

That’s the core tension at the heart of AI in high finance. Consumer chatbots can get away with confident-sounding errors. In a trading environment where a misquoted risk figure or a hallucinated covenant can cost millions, honestly, the tolerance for such a mistake is essentially zero. 

Related: Goldman Sachs sees an upside in a new industry

Churchman acknowledged Goldman hasn’t yet “figured out” how to manage that transition. That’s notable honesty from a co-chair of the firm’s Global Banking and Markets AI working group.

This isn’t a fringe view inside Goldman. I covered a similar warning back in June from AMD CEO Lisa Su, who told MIT graduates that technical AI proficiency alone won’t define future leaders. 

Her point? AI can process datasets and generate answers, but it can’t determine which problems actually deserve attention or take moral responsibility for outcomes. Human judgment, she argued, remains irreplaceable. This is something we all agree on.

Churchman’s version of that argument is more specifically Wall Street. In fact, more urgent.

The apprenticeship problem Wall Street hasn’t solved

Here’s the structural issue Churchman is really pointing at that I would want you to take some time to reason through. 

Investment banking runs on tacit knowledge. I mean the kind that was never written down, that gets transmitted by watching a senior trader price a client request under pressure, through sitting beside someone who has navigated three market crises, through learning not just what to do but how to think.

You learn by doing, and a lot of knowledge is tacit. It was never written down.

The danger isn’t that AI replaces senior bankers. No. It’s that AI replaces the training ground that creates them. 

Junior traders traditionally learn by fielding client pricing requests under supervision. Churchman acknowledged Goldman could automate that workflow entirely.

Related: Goldman Sachs sends strong message on AI and jobs

The question he raised is whether automating it produces the next generation of senior traders who actually understand what’s happening or just competent prompt engineers.

Sep. 2025 CNBC report showed that Wall Street firms were examining ways to use AI to lower the ratio of junior bankers to senior employees.

If that ratio shrinks, so does the pool from which future senior talent develops. The apprenticeship culture and the headcount math are on a collision course.

Goldman Sachs signage on the floor of the New York Stock Exchange.Michael Nagle/Bloomberg via Getty Images

Goldman is using AI to post record numbers while warning about AI

Digging deeper, I found an irony. The context makes Churchman’s warning more compelling, not less. Goldman isn’t a firm that’s struggling with AI adoption. It’s actually thriving because of it.

Goldman reported Q2 2026 net revenues of $20.34 billion, up 39% year-over-year (YoY), with Global Banking and Markets generating $15.52 billion, up 53% YoY, according to Goldman’s Q2 presentation. 

Related: Goldman Sachs spots huge twist ahead of Nvidia’s earnings

Equities revenue hit $7.42 billion, up 72% YoY (a record). Diluted EPS came in at $20.98, up 92% YoY. Return on equity reached 23.5%, according to the same presentation.

Management explicitly credited AI-driven trading strategies and AI infrastructure investment banking as structural drivers of that performance, according to Goldman materials. Goldman is making more money, faster, with AI deeply embedded in its operations.

Also Read: Goldman Sachs Group Inc. Latest News and Stories

GS shares were trading at $1,036.28, up 19.04% year-to-date and 42.49% over the past year, according to Yahoo Finance data as of this reporting.

So Goldman is winning with AI. And one of its most senior AI architects is publicly warning that winning today could cost the firm the talent it needs to win tomorrow. You may think of it as a contradiction. 

But that’s exactly the kind of honest tension that sophisticated institutions grapple with. In fact, most prefer not to say it out loud. Churchman said it out loud. And I think Wall Street should probably pay attention to this. I mean, really pay attention.

Related: Goldman Sachs uncovers key AbbVie stock signals before earnings