Average performance in the 3 months following the first interest rate cut of the Federal Reserve easing cycle: +15.2%. Textron (NYSE:TXT) is a multi-sector company that leverages its global network of aerospace, defense, industrial, and financial companies to provide various solutions and services to its customers. The company operates through six segments:...
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Check out the chart and let me know what you think. Earnings weren't great (AS EXPECTED) but with businesses opening back up I fully expect a good retrace here. Happy Thursday! Cheers!
TXT is scheduled to release earnings this week. Textron had a great year of releasing new models and receiving new orders. Their used aircraft sales continues to be some of the largest in the industry. Although there was an accident in a factory this last quarter optimism for the company i believe remains strong.
Textron is sitting on the December 2018 low and also near its trend line. If the general market decline pulls this below the trend line it could fall significantly. I would expect the support line to hold and yield a decent return over time.