TORONTO (GlobeinvestorGOLD)—As the U.S. prepared for war in early March, bearish technical indicators for four major defence contractors—electronics makers Northrop Grumman Corp. (chart) and Raytheon Co. (chart) and aerospace developers Honeywell International Inc. (chart) and Lockheed Martin Corp. (chart)—suggested that the companies' shares had little to gain from the conflict.
Yola Edwards is a contributing writer and technical analyst for Bell Globemedia Interactive, providing options and technical analysis research on a variety of North American equities.