What Did You Buy Today?

[fenders53]

(03-18-2020, 03:35 PM)saimash Wrote:

(03-18-2020, 11:58 AM)fenders53 Wrote:

(03-18-2020, 11:38 AM)vbin Wrote:

(03-18-2020, 11:34 AM)fenders53 Wrote:

(03-18-2020, 11:13 AM)saimash Wrote: Dont know if this has already been discussed here, but any idea why UTX is getting hamered... I'm thinking of putting a limit order around $65.1
Also thinking of putting a limit order on JETS @ 10.1 and hoping it would bite (although ive taken a beating in Boeing :-( )

My limit orders 100 shares of DIS @ 651. and 100 shares of AXP @ 75.1 just executed this morning.

Your thoughts ???

Threat of a recession, and they sell jet parts come to mind.  Not good for UTX.  They are about to merge with RTN and pick up significant defense contract exposure.

What are your thoughts and other folks on spending cuts on defence? I am eyeing GD, RTN, NOC, LMT but thinking that defense spending will be cut. We are coming out of Afghanistan and if Biden or Berny comes they will cut def spend. Healthcare will get a boost but don't see anything which has taken major beating in healthcare.

Cuts not happening soon, but the defense budget may have peaked.  Current defense budget is outrageous by any measure.  The world is dangerous and it's not going to return to the 1990s policy.  I'm comfortable with my defense stocks.  The contrracts are many years long and that adds to my comfort.

So if i were to debate between purchasing UTX or RTN, RTN would be a better choice, correct ?

The difference would be pennies at this point because the deal is solid so no arbitrage.  If you buy UTX you will be receiving spin off shares for two more companies pre-merger. Otis elevators and Carrier. Probably not terrible companies to own anytime but now. Just buy RTN and we'll all be RTX shortly.