Navellier Growth: your source for market-beating growth stocks

 

This question is about Raytheon (RTN). In spite of a recent good quarter and a relative recovery of the market, we are not seeing any movement in RTN. Other defense stocks are making good moves. Any thoughts on why RTN has stalled?

Raytheon (RTN) is an A-rated in PortfolioGrader Pro.  Although Raytheon’s latest quarterly earnings were 11% better than analysts’ consensus expectations, the stock did not improve in the wake of its earnings announcement.  This is possible due to continuing delays in Boeing’s 787 plane and growing caution regarding aerospace and defense stocks.  Recently, the company was awarded a $203.3 million contract for precision guidance systems from the U.S. Army, so it is still getting defense business.  Historically, Raytheon has moved erratically, so I would not worry about it too much.

Q&A Archive

• Q&A on Investing the Navellier Growth Way
• Q&A on Today's Market
• Q&A on Specific Stocks