In today’s Tip TV Finance Show, we have Paul Wallace, Trading Coach for Trading Beliefs, and Lee Mansell, Operations Director for Operational Solutions, discuss the after math of the paris attacks in the Aerospace & Defence Sector, and also the outlook for key stocks in the mentioned sector.
Mansell starts by highlighting the performance of UK’s Aerospace and Defence Sector against the FTSE 100 index this year, noting that it performed well in the first quarter and later underperformed the footsie before seeing a bounce.
Single stocks:
British Aerospace: Stepup in stock after the Paris attack. Looking to break higher.
Rolls Royce: Made a profit warning statement couple of days before the Paris attack leading to a gap down, and made a slight rally afterwards. The stock prices remain tied to future air orders for airliners. For the technical charts and further insights, watch the video.
EasyJet: The company reported good results and remains well positioned. The stock is currently trading in a range. The chart shows the price being dragged down by Paris attacks but will head higher towards top of range.
Thales SA (HO.PA): Broke higher after Paris attack, seen continuing higher.
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