ranasrule Posted November 16, 2015 Share Posted November 16, 2015 The terror attacks in France on Friday sparked sharp stock moves in at least two US sectors.Several large defence companies rose amid speculation that governments may look to ramp-up their offensive against Islamic terrorist group Isis in the wake of the worst terrorist attack in Europe since 2004.Northrop Grumman, the maker of the Global Hawk drone surveillance aircraft, climbed 3.1 per cent to $184.42. Lockheed Martin, one of the companies behind the F-22 fighter jet, jumped 2.6 per cent to $218.58, while Raytheon, which develops the Tomahawk cruise missile, rose 2.7 per cent to $120.42. http://www.ft.com/cms/s/0/55f67ffa-8c7f-11e5-8be4-3506bf20cc2b.html The term "sickening" would be an understatement....Capitalism at its finest Link to comment Share on other sites More sharing options...
DocM Posted November 17, 2015 Share Posted November 17, 2015 For context: Northrop Grumman just won a large government contract (possibly $80B), Raytheon has been on a run since well before the attacks and Lockheed Martin is in the same situation. Bottom line: I don't see a there, there. Link to comment Share on other sites More sharing options...
ctebah Posted November 20, 2015 Share Posted November 20, 2015 For context: Northrop Grumman just won a large government contract (possibly $80B), Raytheon has been on a run since well before the attacks and Lockheed Martin is in the same situation. Bottom line: I don't see a there, there. Nope. ALL of those stocks rose immediately after the Paris attacks. It takes 3 minutes of google searching for the history of their stock prices. I suggest doing that before trying to spin this next time... Link to comment Share on other sites More sharing options...
Emn1ty Posted November 20, 2015 Share Posted November 20, 2015 Nope. ALL of those stocks rose immediately after the Paris attacks. It takes 3 minutes of google searching for the history of their stock prices. I suggest doing that before trying to spin this next time... Correlation is not causation Link to comment Share on other sites More sharing options...
ctebah Posted November 20, 2015 Share Posted November 20, 2015 Correlation is not causation In this case it is, and not just among the big players, but several other smaller defense contractors had a stock jump immediately after the Paris attacks. Link to comment Share on other sites More sharing options...
boltedge Posted November 20, 2015 Share Posted November 20, 2015 (edited) Sure they wish we had a POTUS with some backbone and a strategy ,they are probably hedging their bets on a GOP win in '16..... Edited November 20, 2015 by boltedge typo DConnell 1 Share Link to comment Share on other sites More sharing options...
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