Coverage Initiated on Select Defense Stocks

July 6, 2016   |   9:15 am

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Active Wall St. announces its industry coverage on the following stocks within the Defense space: The Raytheon Company (NYSE: RTN), The Boeing Company (NYSE: BA), Lockheed Martin Corp. (NYSE: LMT), and TASER International Inc., (NASDAQ: TASR). Register with us now for your free membership and get more on our industry coverage at:

On Tuesday, July 05, 2016, the Commerce Department said new orders for U.S. factory goods declined 1.0% after rising for two consecutive months on weak demand for transportation and defense capital goods. The Commerce department stated that orders for non-defense capital goods (also termed as core capital goods), excluding aircraft, declined 0.4% in May 2016 as compared to the 0.7% drop reported for April 2016.

Today, AWS is promoting its coverage on RTN, BA, LMT, and TASR. Get all of our free coverage by signing up to

Orders for these goods are considered as a measure of business confidence and spending plans on equipment. Demand for primary metals such as iron, steel and aluminum fell 1.8% while orders for electrical appliance and furniture also showed weaknesses. These were slightly offset by a marginal increase in demand for motor vehicles and machinery.

Manufacturing, which accounts for about 12% of the U.S. economy, has been squeezed by a strong dollar, which has in turn hurt exports, and lower oil prices, which lead to cutbacks in orders for equipment and pipelines. There are, however, signs the sector could be close to turning the corner. The Institute for Supply Management (ISM) survey on Friday, July 01, 2016, showed activity has been rising for four straight months, with factories reporting strong increases in new orders, including exports, order backlogs and inventories.

Let us see how the decline in the manufacturing is affecting the big names in the defense industry. Active Wall St. takes a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.

The Raytheon Company


On Tuesday, shares in Waltham, Massachusetts headquartered The Raytheon Company recorded a trading volume of 5.7 million shares, which was above their three months average volume of 1.93 million shares. The stock ended the day at $136.70, up 1.39%. The Company’s shares have gained 9.05% over the past three months and 11.63% on an YTD basis. The Company’s shares traded at 21.37 times its trailing twelve month P/E ratio. The stock is trading 11.81% above its 200-day moving average. Furthermore, shares of Raytheon, which is present in the Integrated Defense Systems, Intelligence, Missile Systems Space and Airborne Systems among others, have a Relative Strength Index (RSI) of 63.85. Sign up for more on RTN at:

The Boeing Company


Chicago, Illinois headquartered, Boeing’s stock finished yesterday’s trading session 2.10% lower at $126.97. A total volume of 4.82 million shares was traded, which was higher than their three months average volume of 4.34 million shares. The Company’s shares have gained 0.77% in the past three month. The stock is trading below its 200-day moving average by 3.27%. Furthermore, shares of Boeing, which designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft among others, have an RSI of 45.28. Register with us for more on BA at:

Lockheed Martin Corp.


At the closing bell on Tuesday, shares in Bethesda, Maryland headquartered Lockheed Martin Corp. were up by 0.06%, ending the day at $249.51. The stock recorded a trading volume of 1.33 million shares. The Company’s shares have advanced 4.43% in the last one month, 11.35% in the previous three months, and 16.57% since the start of this year. The stock is trading 4.75% above its 50-day moving average and 13.74% above its 200-day moving average. The Company’s shares traded at 22.07 times its trailing twelve month P/E ratio. Moreover, shares of Lockheed Martin Crop., which primarily engages in the tactical aircrafts, airline and aeronautical research and development U.S., have an RSI of 74.16. Sign up for more on LMT at:

TASER International Inc.


Arizona, Scottsdale headquartered electrical weapons company, TASER International Inc.’s stock ended the day 0.84%, up $25.10. A total volume of 625,622 shares was traded, which was below their three months average volume of 860,980 shares. The Company’s shares traded at 84.8 times its trailing twelve month P/E ratio. The Company’s shares have gained 35.38% over the previous three months and 45.17% on an YTD basis. The stock is trading 28.44% above its 200-day moving average. Additionally, shares of TASER International Inc., which focuses on the acquisition and development of body worn cameras, and digital evidence management solutions, have an RSI of 73.18.

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