Diamonds and Dogs

12/6/22

Textron (TXT) flying high. The defense stock is up 5% after winning a government contract for new helicopters for their subsidiary, Bell Helicopter. The contract could be worth up to $80 billion over the life of the deal which is a big deal for a company with a market capitalization of only $15 billion.

Global oil prices slid to their lowest since January on Tuesday, extending a downward trend as growing concerns about global demand offset any bullish effects from an EU-led price cap on Russian oil sales. Exxon Mobil (XOM) fell 3% while EOG Resources (EOG) dropped 5%.

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