Karman Holdings Inc. Common Stock (KRMN)

In just seven months after its IPO, defense stock Karman is providing early investors with huge returns. Raymond James sees over 50% more upside still to come.

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Here's a look at notable additions and exclusions from the Russell 1000 index.

Jim Cramer against Annaly Capital for many years, prefers growth. Karman Holdings & Lincoln Educational good investments, earnings & targets up.

Karman announced the acquisition of Metal Technology Inc., a specialist in refractory metal products for missile programs, for $90 million in cash. This will enhance Karman's market position and boost financial performance.

If you're looking for a cheap defense stock, keep looking -- Karman isn't it.

Cybersecurity company SailPoint opened for trading on Thursday, as it returned to the markets more than two years after it went private. It had priced its upsized initial public offering of 60 million shares of its common stock at $23.00 per share.