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iShares U.S. Aerospace & Defense ETF (ITA)

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  • Apr. 7, 2014, 9:10 AM
    • Twitter's down 32% this year, Facebook's off 20% in a month, and biotech nearly that much, but money is returning to the industrial sector. While the Nasdaq 100 posted its worst one-day drop since 2011 on Friday and last week fell for the 3rd week in 4, the Industrial Select SPDR (XLI) gained 1.6%.
    • In the year's first quarter, the XLI had lost 1.4%, putting it in 9th place among 10 S&P 500 groups.
    • "You’re seeing the beginning of investors shifting money ahead of a wave of spending,” says Drew Nordlicht of HighTower Advisors. “The expectation is, as the economy begins to kick into a higher gear, corporate America will utilize the amount of cash to spend on capital expenditures."
    • GE comprises more than 10% of the XLI, and UTX, Union Pacific, Boeing, and 3M round out the top 5, each with holdings in the 5% range.
    • Related ETFs: XLI, PHO, CGW, PIO, VIS, ITA, FIW, PPA, IGF, CARZ, IYJ, XAR, IPN, EMIF, FIDU, PRN, UXI, FXR, PXR, EXI, GII, EVX, FLM, RGI, SIJ, PSCI, NFRA, TOLZ, AXID
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  • Jan. 19, 2012, 10:08 AM
    Shares of Rockwell Collins (COL +4.1%) perk up after the firm records a mild earnings beat and reaffirms its guidance for 2012. Just holding serve may be good enough for investors with all the worries about decreased military spending swirling around.
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  • Oct. 11, 2011, 11:25 AM
    Shares of Kratos Defense and Security Solutions (KTOS) rack up a 7.8% gain after the firm announces it landed a $8M contract from the U.S. Army to provide specialized refrigeration containers for field use.
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  • Sep. 30, 2011, 1:57 PM
    GenCorp (GY +10%) pops after missing Q3 EPS estimates by $0.04 on revenue of $226M (+7.4% Y/Y). Investors seem to be honing in on the healthy backlog of orders the defense contractor reports.
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  • Sep. 16, 2011, 9:38 AM
    Goldman Sachs gives shares of Rockwell Collins (COL +0.8%) a lift by raising estimates for EPS above consensus and upping its price target to $56 from $55. The stock is up 8% since the company reaffirmed guidance and issued a stock buyback increase earlier this week.
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  • Aug. 10, 2011, 11:02 AM
    Shares of Boeing (BA -4.5%) suffer along with the rest of the market, but the firm picks up a tidy $3.3B order from Hong Kong-carrier Cathay Pacific for delivery between 2013 and 2016. The airliner says it received "significant price concessions" from BA to lock-in the order.
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  • Aug. 8, 2011, 8:54 AM
    Goldman Sachs adds Boeing (BA) to its Conviction List saying the firm is in the midst of a large 787 product cycle, positioning it for a big gain in orders and a Q3 earnings boost. Goldman's price target of $86 suggests a healthy 37% upswing. Shares -2.4% premarket.
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  • Aug. 3, 2011, 3:57 PM
    Shares of AeroVironment (AVAV +6%) gain after the firm receives an upgrade from FBR to Outperform from Market Perform. Zacks reports only 2 research firms out of 13 now covering the aerospace firm stand bullish on shares in light of defense industry spending concerns.
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ITA Description
The iShares Dow Jones U.S. Aerospace & Defense Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Select Aerospace & Defense Index.
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