Home / Business / Stocks Retreat on New Development: International Business Machines (NYSE:IBM), Raytheon (NYSE:RTN)

Stocks Retreat on New Development: International Business Machines (NYSE:IBM), Raytheon (NYSE:RTN)

Shares of International Business Machines Corporation (NYSE:IBM) [Trend Analysis] swings enthusiastically in regular trading session, it a decrease of -0.11% to close at $158.11. IBM (NYSE: IBM) plans to takeover Promontory Financial Group, a global market-leading risk management and regulatory compliance consulting firm. Upon close, the capabilities of Promontory combined with IBM’s deep industry expertise and Watson’s cognitive capabilities will directly address the massive operational effort and manual cost of escalating regulation and risk management requirements.

Promontory’s 600 professionals are based in the United States, Europe, the Middle East and Asia Pacific – many of them have deep and varied expertise amassed over decades as senior leaders of regulatory bodies, financial institutions and Fortune 100 corporations. Promontory is widely regarded as the firm financial institutions turned to for guidance coming out of the 2008 financial crisis. The firm’s expertise and offerings directly address the standards for compliance implemented to ensure the integrity of the financial system, protect consumers and build trust through transparency. Moving forward to saw long-term intention, the experts calculate Return on Investment of 23.40%. The stock is going forward its fifty-two week low with 37.85% and lagging behind from its 52-week high price with -4.15%. IBM last month stock price volatility remained 1.50%.

Raytheon Firm (NYSE:RTN) [Trend Analysis] retains strong position in active trade, as shares scoring -2.03% to $136.54 in a active trade session, while looking at the shares volume, about 1.79 Million shares have changed hands in this session. Raytheon Firm (RTN) reported that it has been awarded a $98 million contract by the U.S. Navy’s Space and Naval Warfare Systems Center, Pacific for cyberspace science, research, engineering and technology integration.

“Our team combines Raytheon’s warfighting experience, cyber expertise and innovative systems to deliver cyber capabilities on Naval platforms on land, sea and air,” stated Jack Harrington, vice president of Cybersecurity and Special Missions with Raytheon’s Intelligence, Information and Services business. “Raytheon’s experience across warfighting systems enables our team to advise SSC PAC leaders on how to develop and integrate next generation cyber capabilities into Maritime Platforms.” The firm has institutional ownership of 78.90%, while insider ownership included 0.20%. RTN attains analyst recommendation of 1.80 with week’s performance of -2.10%. Investors looking additional ahead will note that the Price to next year’s EPS is 4.17%.


About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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