Defense Stocks Decline Despite Fears of U.S. Attack on Syria
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Price: $488.06 +2.84%
Overall Analyst Rating:
NEUTRAL ( Down)
Dividend Yield: 1.6%
EPS Growth %: +14.9%
Overall Analyst Rating:
NEUTRAL ( Down)
Dividend Yield: 1.6%
EPS Growth %: +14.9%
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A potential U.S. attack on Syria in response to a use of chemical attack sent stocks lower on Tuesday. Despite fears on Wall Street, defense stocks traded lower, in-line with the broader market.
For example, shares of Raytheon traded lower by 2.35%. Lockheed Martin, General Dynamics, Northrop Grumman and other defense stocks traded lower as well.
The reaction may suggest investors do not anticipating a large confrontation or an increase in defense spending. Regardless, for those investors interesting in playing the defense theme, we've included a broad list of aerospace/defense stocks.
Northrop Grumman (NYSE: NOC)
United Technologies Corp. (NYSE: UTX)
The Boeing Company (NYSE: BA)
Lockheed Martin Corporation (NYSE: LMT)
Precision Castparts Corp. (NYSE: PCP)
General Dynamics Corp. (NYSE: GD)
Raytheon Co. (NYSE: RTN)
Rockwell Collins Inc. (NYSE: COL)
L-3 Communications Holdings Inc. (NYSE: LLL)
B/E Aerospace Inc. (Nasdaq: BEAV)
Textron Inc. (NYSE: TXT)
FLIR Systems, Inc. (Nasaq: FLIR)
TransDigm Group Incorporated (NYSE: TDG)
Alliant Techsystems Inc. (NYSE: ATK)
Huntington Ingalls Industries, Inc. (NYSE: HII)
Hexcel Corp. (NYSE: HXL)
Triumph Group, Inc. (NYSE: TGI)
Exelis, Inc. (NYSE: XLS)
Teledyne Technologies Inc. (NYSE: TDY)
HEICO Corporation (NYSE: HEI)
Spirit AeroSystems Holdings, Inc. (NYSE: SPR)
Esterline Technologies Corp. (NSYE: ESL)
AAR Corp. (NYSE: AIR)
AeroVironment, Inc. (Nasdaq: AVAV)
Wesco Aircraft Holdings, Inc. (NYSE: WAIR)
ManTech International Corporation (Nasdaq: MANT)
GenCorp Inc. (NYSE: GY)
For example, shares of Raytheon traded lower by 2.35%. Lockheed Martin, General Dynamics, Northrop Grumman and other defense stocks traded lower as well.
The reaction may suggest investors do not anticipating a large confrontation or an increase in defense spending. Regardless, for those investors interesting in playing the defense theme, we've included a broad list of aerospace/defense stocks.
Northrop Grumman (NYSE: NOC)
United Technologies Corp. (NYSE: UTX)
The Boeing Company (NYSE: BA)
Lockheed Martin Corporation (NYSE: LMT)
Precision Castparts Corp. (NYSE: PCP)
General Dynamics Corp. (NYSE: GD)
Raytheon Co. (NYSE: RTN)
Rockwell Collins Inc. (NYSE: COL)
L-3 Communications Holdings Inc. (NYSE: LLL)
B/E Aerospace Inc. (Nasdaq: BEAV)
Textron Inc. (NYSE: TXT)
FLIR Systems, Inc. (Nasaq: FLIR)
TransDigm Group Incorporated (NYSE: TDG)
Alliant Techsystems Inc. (NYSE: ATK)
Huntington Ingalls Industries, Inc. (NYSE: HII)
Hexcel Corp. (NYSE: HXL)
Triumph Group, Inc. (NYSE: TGI)
Exelis, Inc. (NYSE: XLS)
Teledyne Technologies Inc. (NYSE: TDY)
HEICO Corporation (NYSE: HEI)
Spirit AeroSystems Holdings, Inc. (NYSE: SPR)
Esterline Technologies Corp. (NSYE: ESL)
AAR Corp. (NYSE: AIR)
AeroVironment, Inc. (Nasdaq: AVAV)
Wesco Aircraft Holdings, Inc. (NYSE: WAIR)
ManTech International Corporation (Nasdaq: MANT)
GenCorp Inc. (NYSE: GY)
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