Three stocks to avoid when the Government reins in spending
Defense stocks have already fallen hard in the two weeks (plus) since the debt deal from August 1st announced $350 billion in defense spending cuts. Obvious stocks to come under pressure by this announcement are Northrop Grumman Corp (NYSE: NOC) and Boeing Co (NYSE: BA). But while defense spending cuts could climb up to $1 trillion […]
Oshkosh Corp Horrible Weekly Chart
Oshkosh Corp. (NYSE:OSK) designs, manufactures and markets specialty vehicles such as defense trucks, access equipment, emergency vehicles and more. In early July billionaire investor Carl Icahn disclosed that he holds a 9.5% stake in the company. As usual in such cases Icahn plans dialogues with management about increasing shareholder value. This would all be […]