Diamonds and Dogs

7/27/21

Raytheon Tech (RTX) is higher following earnings. Raytheon is up 3% to new highs after a beat and raised earnings guidance due to commercial aerospace strength. Raytheon is seeing strong demand for its commercial engines, spare parts and aftermarket services. Demand for travel has returned quicker than expected, boosting revenue at its Collins Aerospace and Pratt & Whitney units by 6% and 19%, respective.

Profit-taking in United Parcel Service (UPS). The package delivery firm is down 8% to a three-month low following earnings and worries that growth from the pandemic-fueled e-commerce boom may be fading. Second-quarter domestic volume fell 2.9%, with e-commerce deliveries down 4%. UPS has been a key beneficiary of the pandemic shift to online shopping.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.