Amazon (AMZN) Trades at 24 Times Forward Earnings. Can Its Cash Engines Fund the Robotaxi Bet?

Directly affected

• No company is named in this report.

Indirectly affected

• LMT Lockheed Martin

  Defense contractors get more work when conflict spending rises

• RTX RTX

  Defense contractors get more work when conflict spending rises

• NOC Northrop Grumman

  Defense contractors get more work when conflict spending rises

• GD General Dynamics

  Defense contractors get more work when conflict spending rises

• ITA iShares U.S. Aerospace & Defense

  A fund of aerospace and defense companies

• BA Boeing

  Defense and aerospace orders move with conflict spending

• LHX L3Harris

  Defense contractors get more work when conflict spending rises

• HII Huntington Ingalls

  Shipyards benefit when naval spending rises

Price reaction, T-5 to T+3