Raytheon AWARDED $191M Contract and 3 Stocks Riding the 52-Week High List
Raytheon Company (NYSE:RTN) has been recently awarded a $191 million contract to supply its Multispectral Targeting System to the U.S. Air Force’s MQ-9 Reaper. The MTS-B is a multi-use, electro-optical/infrared laser detecting-ranging-tracking set which was developed and manufactured for use in military systems. Based on a state-of-the-art digital architecture, this advanced EO/IR system gives long-range surveillance, target acquisition, tracking, range-finding and laser designation to the HELLFIRE missile and all tri-service and NATO laser-guided munitions. Shares closed down 0.43 percent on the day at $56.09, having traded in a 52-week range of $38.35 to $56.70.
Semgroup Corp. (NYSE:SEMG) sues Barclays over 2008 transactions for $143 million, according to a Bloomberg report. Shares closed up 1.48 percent on the day at $32.25, having traded in a 52-week range of $16.55 to $32.22.
Target Corp. (NYSE:TGT): Retailers might start to charge customers extra when they use their credit cards, said The Wall Street Journal on Monday night. Visa (NYSE:V) and Mastercard (NYSE:MA) currently disallow such charges, but that ban could be modified, according to the newspaper. Shares closed up 2.05 percent on the day at $59.23, having been traded in a 52-week range of $45.28 to $59.40.
Wal-Mart Stores (NYSE:WMT) comprises 8.65 percent of the exchange traded fund that includes Consumer Staples SPDR (NYSE:XLP). The fund brought in $164.3M in the last week, which represents a 2.9 percent increase in assets under management. Leading the way was Wal-Mart (NYSE:WMT), which reached yet another all-time high Tuesday. Shares closed up 0.49 percent on the day at $72.11, having traded in a 52-week range of $48.31 to $71.76.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.