StockCall Scrutinizes Raytheon, Northrop Grumman, Smith & Wesson, Rockwell Collins, and BE Aerospace

Apr 22, 2013, 08:00 ET from

LONDON, April 22, 2013 /PRNewswire/ --

Most of the countries in the developed world are grappling with high fiscal deficits. Under pressure from rating agencies, many of these countries have been looking to bring down their deficits. This has led to significant cuts in defense spending. In the U.S., the Sequester, or automatic spending cuts, took effect on March 1, 2013 after lawmakers failed to reach an agreement on bringing down the mounting deficit. Nearly half of these spending cuts will be made in defense, which does not augur well for companies such as Raytheon Company (NYSE: RTN), Northrup Grumman Corporation (NYSE: NOC), Smith & Wesson Holding Corporation (NASDAQ: SWHC), Rockwell Collins Inc. (NYSE: COL), and B/E Aerospace Inc. (NASDAQ: BEAV). Aerospace & defense stocks ended mostly higher on Friday, tracking gains in the broad market. StockCall reviewed the Aerospace/Defense industries and chose RTN, NOC, SWHC, COL, and BEAV for its technical coverage. These free reports can be seen for free at

Shares of Raytheon Company were among the major gainers in the aerospace & defense sector on Friday. The stock rose to an intra-day high of $57.31 before finishing the day 1.65% higher at $57.15 on volume of 1.70 million. Despite Friday's gains, Raytheon's shares fell more than 2% last week. The stock pared most of its gains for the year as a result of the sharp pullback last week. Year-to-date, the stock is now up only 0.23%. Download the free research on RTN by signing up now at

Another major gainer in the aerospace & defense sector on Friday was Northrop Grumman Corporation. Shares of the Falls Church, Virginia-based company rose 1.59% to finish the day at $70.98 on above average volume of 2.18 million. Shares of NOC are currently trading close to their 52-week high of $72.67. The stock has gained nearly 6% so far in 2013, compared to a gain of more than 9% for the S&P 500. Register for today's free analysis on NOC at

Shares of Smith & Wesson Holding Corporation fluctuated between gains and losses before finishing flat on Friday. The stock closed at $8.63 on volume of 1.39 million. Smith & Wesson's shares are currently trading below their 50-day and 200-day moving averages, which is a bearish signal. The negative trend is further confirmed by the stock's MACD chart. The company's shares currently have support at $8.50. Free report on SWHC can be accessed by registering at

Shares of Rockwell Collins Inc. rose sharply on Friday, reversing some of the losses from previous trading sessions. The stock closed 2.38% higher at $61.10 on above average volume of 1.39 million. Despite the gains on Friday, Rockwell Collins' shares fell more than 2.80% last week. The stock also slipped below its 50-day moving average last week, which is a bearish signal. The negative trend is further confirmed by the stock's MACD chart. Register with StockCall and download the research on COL for free at

Shares of B/E Aerospace Inc. also rose sharply on Friday. The stock closed 2.13% higher at $58.88 on above average volume of 1.03 million. The company's shares touched an intra-day high of $59.22 on Friday. The stock is currently trading more than 5.60% below its 52-week high. B/E Aerospace's shares have outperformed the S&P 500 thus far in 2013, gaining more than 19%. Read the full free research on BEAV by signing up to StockCall at

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