Category: News

News from around the web.

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Defense sector bullish after president call for spending

President Trump called for a $20 billion increase in defense spending while cutting other programs. The defense sector rallied after the president made his budget proposal. Here is the market effect:

iShares US Aerospace and Defense ETF (ITA): +1%/day

SPDR S&P Aerospace & Defense ETF (XAR): +1%/day

PowerShares Aerospace & Defense (PPA): +0.7/day

iShares US Aerospace and Defense ETF (ITA): +8.2%/YTD

SPDR S&P Aerospace & Defense ETF (XAR): 8.7%/YTD

PowerShares Aerospace & Defense (PPA): 6.3%/YTD

SPDR S&P 500 ETF (SPY): 5.27%/YTD

The increase in spending will be bullish for the sector and the supply chain. 3rd or 4th+ party suppliers to the major defense companies will benefit from the increase. Is your small business ready? Now is the time to implement an ISO 27001 Information Security Management System or an ISO 28000 Supply Chain Security Management System to show your customers your dedication to protecting their business interests. We provide training and consulting services for many different ISO standards. Contact us today to discuss your goals and needs.

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Dallas Fed manufacturing numbers positive

Dallas Fed manufacturing numbers are in for February and showing an improvement.

Stats

Jan 17

Feb 17
Production index:

11.9

16.7
Manufacturing new orders Index:

15.7

11.6
Manufacturing growth rate of orders index:

6.7

2.0
Shipments index:

15.8

12.2
Capacity utilization index:

9.1

14.7
General business activity index

22.1

24.5
Company outlook index:

15.7

17.6
Employment index

6.1

9.6
Hours worked index

9.1

7.7
Raw materials price index

30.8

31.5
Finished goods price index

17.7

19.5
Wages & benefits index

20.8

19.5

Some indices are lower than in previous periods but still positive. 19% of firms reported net hiring. 10% noted net layoffs. Survey respondents noted proposals by President Trump as a factor in positive assessment.