- Research Notes
Jul 31, 2015Please sign in to read more. Jul 31, 2015Please sign in to read more. Jul 31, 2015Please sign in to read more. Jul 31, 2015Please sign in to read more. Jul 31, 2015United Technologies (UTX) Industrial conglomerate and Dow-30 component United Technologies saw its shares drop after releasing second-quarter results. The numbers for the June interim were not the problem, it was management's guidance for the balance of 2015, which included a darkening view on operations in China that troubled investors, in our opinion. Also, the selloff likely started to gain traction earlier when the company announced it had sold its helicopter unit Sikorsky to Lockheed Martin. Many investors had been waiting patiently for this announcement, having ridden the stock up over the last few weeks as rumors of a pending pact had circulated. Therefore, we probably saw some profit taking, as well.Please sign in to read more.
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