NEW YORK, March 23, 2017 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com draws investors' attention to these four stocks: The Boeing Co. (NYSE: BA), United Technologies Corp. (NYSE: UTX), Raytheon Co. (NYSE: RTN), and B/E Aerospace Inc. (NASDAQ: BEAV). According to Deloitte's "2017 Global Aerospace and Defense Industry Outlook," the Aerospace and Defense Products and Services industry is forecasted to resume growth, driven by higher defense spending. Additionally, sector revenues will likely grow by about 2% this year. You can access our complimentary research reports on these stocks now at:
Shares in Chicago, Illinois headquartered The Boeing Co. climbed 0.58%, ending Wednesday's trading session at $176.98. The stock recorded a trading volume of 2.38 million shares. The Company's shares have gained 0.81% in the last one month, 14.29% over the last three months, and 14.66% on an YTD basis. The stock is trading 4.33% and 22.55% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Boeing, which together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide, have a Relative Strength Index (RSI) of 53.92.
On March 13th, 2017, Boeing and CDB Aviation Lease Finance announced an order for 30 737 MAX 8 airplanes. The order, valued at $3.3 billion at current list prices, was previously unidentified on Boeing's Orders & Deliveries website.
On March 16th, 2017, research firm Barclays reiterated its 'Overweight' rating on the Company's stock with an increase of the target price from $175 a share to $190 a share. Visit us today and download your complete report on BA for free at:
Farmington, Connecticut headquartered United Technologies Corp.'s stock declined 0.21%, closing the day at $111.93 with a total trading volume of 2.13 million shares. The Company's shares have advanced 1.60% in the previous three months and 2.71% since the start of this year. The stock is trading 0.78% and 6.09% above its 50-day and 200-day moving averages, respectively. Additionally, shares of United Technologies, which provides technology products and services to building systems and aerospace industries worldwide, have an RSI of 49.23.
On February 23rd, 2017, United Technologies announced the commencement of an underwritten secondary offering of 4,235,685 shares of common stock of Watsco, Inc. Watsco is not offering any common stock's shares and will not receive any proceeds from the sale of the shares offered. The complimentary research report on UTX can be accessed at:
On Wednesday, shares in Waltham, Massachusetts-based Raytheon Co. recorded a trading volume of 1.25 million shares. The stock ended the day 0.45% higher at $154.29. The Company's shares have advanced 0.18% in the past month, 8.46% in the previous three months, and 8.65% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.58% and 8.84%, respectively. Furthermore, shares of Raytheon, which develops technologically integrated products, services, and solutions worldwide, have an RSI of 53.85.
On February 28th, 2017, Raytheon and the US Air Force validated performance of an upgraded navigation system for the Miniature Air Launched Decoy-Jammer (MALD-J) in six flight tests from B-52 and F-16 aircraft at White Sands Missile Range, N.M. The system upgrade, designated as GAINS II (GPS Aided Inertial Navigation System), includes an enhanced multi-element GPS controlled antenna assembly, which improves MALD-J navigation performance in a GPS jamming environment. Register for free on Stock-Callers.com and download the PDF research report on RTN at:
Wellington, Florida headquartered B/E Aerospace Inc.'s stock rose 0.14%, finishing yesterday's session at $64.14 with a total trading volume of 917,346 shares. The Company's shares have advanced 2.39% in the last one month, 7.25% in the previous three months, and 6.91% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.73% and 17.26%, respectively. Additionally, shares of B/E Aerospace, which designs, manufactures, sells, and services cabin interior products for commercial aircraft and business jets primarily in North America, Europe, Asia, the Pacific Rim, South America, and Middle East, have an RSI of 62.16.
On March 10th, 2017, B/E Aerospace announced that its stockholders voted in favor of the proposal to adopt the Agreement and Plan of Merger dated October 23rd, 2016, by and among B/E Aerospace and Rockwell Collins, Inc. at a special meeting of stockholders held on March 09th, 2017 at the Hilton Palm Beach Airport in West Palm Beach, Florida. The merger is expected to close during the spring of 2017. Get free access to your research report on BEAV at:
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