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04.04.2019 22:32:00

Why Triumph Group, Ballard Power Systems, and At Home Group Jumped Today

Thursday was a choppy day on Wall Street, with most major market benchmarks staying mixed throughout most of the session despite big gains for the Dow Jones Industrial Average. Investors are trying to figure out what impact a favorable outcome in trade negotiations between the U.S. and China would have on the global economy, and they're also waiting to see what first-quarter earnings results will show about the strength of companies more than a year after tax reform. Positive news from several corners of the market helped lift sentiment. Triumph Group (NYSE: TGI), Ballard Power Systems (NASDAQ: BLDP), and At Home Group (NYSE: HOME) were among the top performers. Here's why they did so well.Shares of Triumph Group climbed 11% after the defense contractor won a contract from aerospace giant Boeing to supply hydraulic system components for the U.S. Navy's MQ-25 unmanned aerial refueling program. The contract will include various systems used for flight controls, landing gear, and rapid-deceleration systems as part of the broader mission, and Triumph already has experience working with Boeing on other aircraft that are part of the aircraft manufacturer's defense line. As unmanned aircraft become a bigger part of the armed forces' overall resources, systems like Triumph's will play an increasingly important role in ensuring the security of the nation.Image source: Triumph Group.Continue reading
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Aktien in diesem Artikel

A&T Corp 1'326.00 1.14% A&T Corp
At Home Group Inc 5.69 -10.95% At Home Group Inc
Ballard Power Inc. 3.86 2.12% Ballard Power Inc.
Triumph Corp Ltd. 1'970.00 -1.50% Triumph Corp Ltd.
Triumph Group Inc 28.82 -0.96% Triumph Group Inc

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