Tuesday, October 26, 2010

Market News: Raytheon (NYSE:RTN), Travelers Cos. Inc (NYSE:TRV), Amazon.com (NASDAQ:AMZN)

Here are several more stock briefings which could affect stocks in trading later today. The following listed companies should see some movement: Raytheon (NYSE:RTN), Travelers Cos. Inc (NYSE:TRV), Amazon.com (NASDAQ:AMZN). Here is a more detailed look at the news that will affect each company when trading continues. Raytheon (NYSE:RTN) Raytheon (NYSE:RTN) has successfully tested new munitions that can be used by Unmanned Aerial Vehicles (UAV). Company has said Small Tactical Munitions (STM), is a small 13-pound bomb in 2 feet length, which can engage fixed and moving targets in all weather conditions. Bob Francois, Raytheon(NYSE:RTN) vice president of Advanced Missiles and Unmanned Systems said, “Current combat operations have highlighted the need for extremely small, precise weapons that are optimally designed for remotely piloted aircraft.STM is part of a portfolio of weapons that meets the war fighter’s need in this area.” Travelers Cos. Inc (NYSE:TRV) Travelers Cos. (NYSE:TRV) has beaten the analysts estimation with its third quarter results. Travelers Cos. (NYSE:TRV) has managed to bump its net income up by 7.5% to $1.01 billion and shares 1.6% in premarket trading to $55.50. This helped Travelers Cos. (NYSE:TRV) stock to reach its highest level in more than two years. The company said “general economic conditions continued to impact [revenue] … but the impact was less than in recent quarters.” Amazon.com (NASDAQ:AMZN) Amazon.com (NASDAQ:AMZN) has said the newest Kindle e-reader is the best-selling product on its U.S. and U.K websites. Amazon.com (NASDAQ:AMZN), has also said it had already surpassed sales in the fourth quarter of last year, without disclosing the number of Kindles units sold. Company said in a statement, "Customers are choosing Kindle books over hardcover and paperback books combined at a rate of greater than 2 to 1." There will probably be more movement when trading continues for Raytheon (NYSE:RTN), Travelers Cos. Inc (NYSE:TRV) and Amazon.com (NASDAQ:AMZN).
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