Geopolitics Alpha

Refiners Lead Energy Rally as Low Forward Valuations Face Earnings Test

Published . Updated .

Refiners Lead Energy Rally as Low Forward Valuations Face Earnings Test ChartMill

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

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • CVX Chevron

    Oil producers earn more when crude prices rise

  • 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

TickerT-5T-3T-1T0T+1T+2T+3
LMT———————
RTX———————
NOC———————
GD———————
XOM———————
CVX———————
ITA———————
BA———————
LHX———————
HII———————

Refiners Lead Energy Rally as Low Forward Valuations Face Earnings Test ChartMill

Source: ChartMill

Defense

SPY
XLI

How solid the defense case looks

12 out of 100

“Refiners Lead Energy Rally as Low Forward Valuations Face Earnings Test” scores 12 out of 100. The score uses 1 sources.