Raytheon Technologies (RTX) and several defense companies are preparing to make huge profits a week after military spending reached a milestone, as the Russia-Ukraine war continues. Raytheon stock launched a sell signal on Monday. Stocks are declining sharply during a wide range of sales as Covid closures in China are extended to parts of Beijing.
Global military spending reached $ 2.11 trillion for the first time, growing by 0.7% in 2021, according to a report released Monday by the Stockholm International Peace Research Institute. Growth is likely to intensify this year, as Europe raises defensive spending following the Feb. 24 of Russia in Ukraine.
Securities stocks rose at the end of February and are expected to benefit from higher spending. But last week Lockheed Martin (LMT) revenues were severely affected by service delivery disruptions due to Covid-19 omicron variations and inflation.
Raytheon Sales Fee
Ratings: Analysts on Wall Street expect Raytheon Technologies earning 13% to $ 1.01 per share in 4% off sales of up to $ 15.798 billion.
Stock costs General Dynamics Stock Exchange
Shares of General Dynamics (GD) fell from 1.1% to 236.17 on Monday. General Dynamics stock is close to a support test with a moving average of 50 days. GD stock has formed a flat base with a purchase point of 255.09, which is supported by a growing RS line.
Stock costs Northrop Grumman
Shares of Northrop Grumman (NOC) fell 2.3% to 437.36 on Monday. Northrop Grumman stock lowers support by an average of 50 days moving per day. NOC stock exploded successfully after Russian attack. Build a new base for the handle cup with a shopping point of 477.36 over the long mix, based on a growing RS line.
L3 Harris Stock
Shares of L3 Harris Technologies (LHX) rose 3.7% to 238.79, lowering the 50-day line in intraday trading on Monday. L3 Stock Technologies stocked a short-term base with a purchase point of 279.81 over a long combination. The RS stock of LHX stock is always near the top.
