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LONDON, March 11, 2013 /PRNewswire/ --
With lawmakers failing to reach an agreement on reducing U.S.'s fiscal deficit, the Sequester or automatic spending cuts worth $85 billion took effect on March 1. Half of the cuts will be made in defense spending. This could have a significant impact on the top-line of aerospace and defense companies such as United Technologies Corporation (NYSE: UTX), Embraer SA (NYSE: ERJ), FLIR Systems Inc. (NASDAQ: FLIR), TASER International Inc. (NASDAQ: TASR) and L-3 Communications Holdings Inc. (NYSE: LLL). On Friday, aerospace and defense companies stocks ended mostly higher as the Dow Jones posted yet another record high finish. StockCall free coverage on UTX, ERJ, FLIR, TASR, and LLL is available upon registration at
Shares of United Technologies Corp.'s shares edged higher in Friday's trading session; however, the gains were limited. The stock closed 0.39% higher at $92.07. Year-to-date, United Technologies shares have gained more than 12%, outperforming the S&P 500, which has gained more than 8.70% in the same period. Technical indicators for the company are currently giving strong bullish signals. The stock is currently trading well above its 50-day and 200-day moving averages. The MACD has just crossed above the signal line, further confirming the bullish trend. On Friday, shares of UTX hit a 52-week high of $92.91. Download the free technical research on UTX by signing up at
Shares of Embraer SA rose sharply in Friday's trading session. The stock closed 2.51% higher at $34.66. Year-to-date, it has now gained more than 21%. Embraer's shares are currently trading close to their 52-week high of $35.55. The stock has just broken through $34 resistance level, which is a bullish signal. The stock's MACD chart also suggests that market sentiment has turned upbeat on the stock. Shares of ERJ are currently trading well above their 50-day and 200-day moving averages. Register now and get access to the free analysis on ERJ at
Shares of FLIR Systems Inc. gained in Friday's trading session. The stock closed 0.98% higher at $26.92, extending its gains in the last three trading sessions to 2.2%. Year-to-date, the stock has gained more than 20%, outperforming the broad market. FLIR's shares are currently facing stiff resistance at around $27. The stock has support at around $26. Sign up and read the complimentary report on FLIR at
Shares of TASER International Inc. shares fell sharply in Friday's trading session. The stock closed 1.50% lower at $7.87 after hitting an intra-day low of $7.80. TASER's shares have underperformed the broad market in 2013. Year-to-date, the stock is down nearly 12%, compared to a gain of more than 8.70% for the S&P 500. Shares of TASR are currently trading below their 50-day moving average. The free report on TASR can be downloaded by signing up now at
Shares of L-3 Communications Holdings Inc. posted modest gains in Friday's trading session. The stock closed 0.63% higher at $77.18. Year-to-date, L-3 Communications shares have underperformed the broad market this year, gaining just 0.73%. The stock has just crossed its 50-day moving average, which is a bullish signal. The positive trend is further confirmed by stock's MACD chart. Free report on LLL can be accessed by registering at
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