Boeing Investors on Trump: Gauging the Reaction to High Defense Spending Plans



Stock jumps

Since the Trump administration announced its new budget proposal, Boeing (BA) stock has risen 1.1%, closing at $179.4 on March 20, 2017. During the same period, Lockheed Martin (LMT) has gained 2.3%, closing at $246.2 on March 20, while Raytheon (RTN) has gained 1.6% to close at $155.9. United Technologies has risen 0.94% to close at $113.5, and General Dynamics (GD) has gained 1.2% to close at $191.9.

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YTD 2017 performance

Boeing’s stock has also had a great run in 2017, gaining 15.2% YTD (year-to-date). Although they’re not strictly comparable, Boeing has outperformed defense peers Lockheed Martin, United Technologies, and General Dynamics on a YTD basis.

Specifically, General Dynamics has gained 11.2%, followed by Raytheon’s 9.8% YTD gains, and Lockheed Martin’s 8.8% YTD rise. Rockwell Collins (COL) has gained 6.9% YTD, respectively. Notably, the broader market, as tracked by the SPDR S&P 500 ETF (SPY), has risen 5.9% so far this year.

For a complete overview on Boeing, see Market Realist’s The Boeing Company: Filing a New Flight Plan for 2015.


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