|Bid||177.33 x 1000|
|Ask||177.17 x 800|
|Day's Range||176.80 - 179.17|
|52 Week Range||144.27 - 214.76|
|Beta (3Y Monthly)||1.23|
|PE Ratio (TTM)||16.51|
|Forward Dividend & Yield||3.77 (2.12%)|
|1y Target Est||N/A|
Waltham-based defense contractor Raytheon Co. is leasing 134,000 square feet of office space at the former Wang Laboratories headquarters in Tewksbury and plans to house 600 employees at the facility. The new office will span two floors at the Center at Innovation Drive, and Raytheon has expansion rights to create a 135,000-square-foot office across one floor, said Peter Gottlieb, senior vice president at Rubenstein Partners, which owns the building. While it's unclear what Raytheon (NYSE: RTN) plans to use the offices for, its Integrated Defense Systems business line is headquartered in Tewksbury and contracts with both the U.S. Department of Defense and more than 50 international customers, according to the company’s most recent annual report.
Wayfair, the Boston-based online furniture retailer, joined the ranks of Massachusetts businesses with a spot on Fortune magazine’s list of 500 of the highest-grossing companies in the United States.
The Orlando division of a global defense firm that last fall lost a massive deal to rival Lockheed Martin Corp. now is bouncing back. Waltham, Massachusetts-based Raytheon Corp. since then, within nearly a year, won a string of military deals totaling more than $3 billion in value — including a $159 million contract in April from the U.S. Army — spurring the firm to begin hiring again in Orlando. The most recent work order is to support large-scale, live training exercises at the U.S. Army Joint Multinational Readiness Center (JMRC) in Hohenfels, Germany, one of four combat training centers where soldiers are sent before being deployed.
A nice rebound on Wednesday, with the S&P 500 mustering a 0.59% gain to end the session at 2,850.96. But, the effort stopped at a familiar technical ceiling, and the volume behind the move was never impressive. The bears may still be quietly in control.Source: Allan Ajifo via Wikimedia (Modified)Amazon (NASDAQ:AMZN) did more than its fair share of heavy lifting, gaining 1.7% mostly on the heels of a reminder that Berkshire Hathaway has taken a big stake in the e-commerce company. Smaller outfit Trade Desk (NASDAQ:TTD) dished out the bigger gain though, rallying another 7.9% to bring its two-day tally to 13% after the market had a chance to chew on last quarter's numbers.Holding the market back, more than any other name was Overstock.com (NASDAQ:OSTK), off nearly 16% in response to reports that CEO Patrick Byrne sold a sizable chunk of his stake during the first quarter of the year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy that Lost 10% Last Week Headed into Thursday's session, however, it's the stock charts of Mohawk Industries (NYSE:MHK), Raytheon Company (NYSE:RTN) and People's United Financial (NASDAQ:PBCT) that are of the most interest. They look closer to the beginning of big moves rather than at the end of them. People's United Financial (PBCT)Most bank stocks were in the red on Wednesday, for industry-specific reasons, and People's United Financial was no exception to that bearish tide. But, PBCT stock was an exception in the sense that its pullback was considerably bigger than those booked by other banking names, and the scope of the move itself did some serious technical damage to this particular stock that wasn't done to other tickers in the same group.A couple of different times this year it appeared PBCT would be able to break away and rally. This week's second blow, however, may discourage a third rebound effort. Click to Enlarge * Not only are People's United Financial back under all of their key moving average lines, but the most recent selloff days have also all been on above-average volume. The gains have been on light volume. * Although we just made the opposite signal, the purple 50-day moving average line is nearing a cross back below the 200-day moving average line plotted in white on both stock charts. That would be a so-called 'death cross.' * The weekly chart is one bad day away from giving a bearish MACD cross, which has historically been a good signal of more trouble. Mohawk Industries (MHK)Last year was a miserable one for Mohawk Industries shareholders. The stock peaked near $287 in late 2017, and by December of 2018 was at lows near $109.MHK shares have since stopped the bleeding, but they haven't recovered. They've not even dropped clear hints of signs they could recover. Investors willing and able to look past the overt clues and pay attention to the more subtle ones, however, have good reason to put Mohawk Industries back on their watchlist. * 10 Stocks to Sell Before They Tank Your Portfolio Click to Enlarge * It's been intermittent and inconsistent, but all of the short-term moving average lines are now acting as technical support. This provides a pushoff point for the next bullish effort. * The line in the sand is, give or take, $144. That's where the 200-day moving average is, and that's where the February surge topped out. Raytheon Company (RTN)Raytheon Company shares got the new year started on the right foot, along with most other stocks. Unlike most other stocks though, that advance was stopped in its tracks in late February. Although a floor appears to have developed right where it should have, the ceiling appears to be even better developed now than it was then.Whatever's in the cards, the make-or-break lines are well-defined, and should be heeded. And, for what it's worth, the path of least resistance from here is a bearish one. Click to Enlarge * The ceiling in February was the 200-day moving average line, plotted in white on both stock charts. It didn't cap the bullish moves in April, but the peak around $188 did step up again. * On the other side of the daily bars is support at the gray 100-day moving average line, which has helped muster straight-line support around $174, plotted with a red, dashed line. * It's not evident on the daily chart, but when zooming out to the weekly chart it's clear that at least some of this month's weakness can be attributed to the falling resistance line that has guided RTN lower since last April's peak.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post 3 Big Stock Charts for Thursday: Mohawk Industries, Raytheon and People's United Financial appeared first on InvestorPlace.
Raytheon opened its CityLine location in Richardson three years ago, and has big plans for growing the operation.
In this article we are going to estimate the intrinsic value of Raytheon Company (NYSE:RTN) by taking the expected...
Raytheon Co NYSE:RTNView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for RTN with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting RTN. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding RTN totaled $7.06 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. RTN credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
North Korea has tested a Russian missile that appears capable of evading both the Lockheed Martin THAAD and Raytheon Patriot missile defense systems.
A new system to overhaul how police officers, paramedics and fire crews communicate is still unproven, 50 per cent over budget and likely to be ready three years late, according to Whitehall’s spending watchdog. (ESN), based on EE’s commercial 4G mobile network, was originally scheduled to replace the bespoke Airwave radio system by 2020. The deal was designed to save taxpayers millions of pounds in annual fees to Airwave, which is owned by Motorola, but critics say the transfer to a mobile network that covers only 80 per cent of the UK land mass carries significant risks.
The best defense stocks have long-term programs as well as footholds in key emerging priorities for the Pentagon and U.S. allies around the world.
Global defense firm Raytheon's Orlando division is bouncing back after losing a $3.5 billion military deal to Lockheed Martin Corp. last year, resulting in the firm laying off 52 local workers. In late April, Raytheon (NYSE: RTN) won a $159 million contract with the U.S. Army. The work order is to support large-scale, live training exercises at the U.S. Army's Joint Multinational Readiness Center located in Hohenfels, Germany.
The Boston Business Journal’s ranking of the highest paid tech CEOs is a look at 25 chief executives' total compensation in Massachusetts companies, based on information from proxy statements filed with the Securities and Exchange Commission in spring of this year.
Turkey expects NATO to support its rights in the eastern Mediterranean, President Tayyip Erdogan said on Monday, after the United States and European Union voiced concerns over Ankara's plans for offshore ...
Welcome to another edition of DFW Defense, where we scour U.S. Department of Defense contracts to see what local companies are getting government money. Aerospace and defense is the largest sector in Dallas-Fort Worth's manufacturing industry. The area is home to several defense giants, and included in the list below are Lockheed Martin Corp. (NYSE: LMT), Bell Flight of Textron Inc. (NYSE: TXT) and Raytheon Co. (NYSE: RTN).
The U.S. State Department has approved a possible $6 billion worth of weapons sales to Bahrain and the United Arab Emirates in three separate packages, the Pentagon said on Friday after notifying Congress of the certification. The United States depends on allies in the region, including Saudi Arabia, to counter Iranian influence. In one of the notifications sent to Congress on Friday, Bahrain could potentially buy various Patriot missile systems and related support and equipment for an estimated cost of $2.48 billion.
DEEP DIVE You might expect shareholders of Boeing to be suffering this year, in light of the tragedies and systems problems with the 737 MAX and investigations of the company and its product-approval process.
NATO member Turkey is not distancing itself from the military alliance by making an agreement with Russia on purchasing S-400 missile defence systems, Turkish Defence Minister Hulusi Akar said on Friday. ...
The United States is showing some flexibility in its approach to a planned safe zone to be established in northeast Syria along the border with Turkey, Turkish Defence Minister Hulusi Akar said on Friday ...
The largest contract Raytheon received in April is a $419 million award for the AIM-9X Sidewinder, a triple-threat missile that can be used for air-to-air engagements, surface-attack and surface-launch missions.
Two hypersonic weapons in development for the Defense Advanced Research Projects Agency are in a race against each other as a testing deadline looms.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today we'll evaluate Raytheon Company (NYSE:RTN) to determine whether it could have potential as an inv...
The U.S. Defense Department said on Tuesday it awarded Raytheon Co a $419 million contract for missiles, accompanying equipment and materials in support of repairs, depot maintenance and refurbishment....
President Tayyip Erdogan said on Tuesday that an F-35 fighter jet project would collapse if Turkey did not participate, and that it would be an injustice to exclude Ankara over its plan to buy the Russian S-400 air defence system. Turkey's announcement has strained its ties with Washington, which has said it would compromise the security of Lockheed Martin F-35 jets and warned of potential U.S. sanctions. Like other NATO allies of Washington, Turkey is both a prospective buyer and a partner in production of the F-35, which has been beset by cost overruns and delays, and entered service in the United States in 2015.